Anjali and Uday share with us details about their expenses before discussing their current financial strategy.

Anjali and Uday currently live in Mumbai in rental accommodation. They bought a three-bedroom apartment in Delhi [Images] three years ago for Rs 16 lakh (Rs 16 million).

They put a downpayment of Rs 5 lakh (Rs 0.5 million) and took a loan for the balance amount.

The Equated Monthly Instalment (amount you pay every month towards the home loan) is Rs 10,500. Being an 11-year loan tenure, they still have eight more years to go before they clear their loan.

So, besides the EMI that they pay every month towards their home loan, they also have to pay the rent for their home in Mumbai.

The bulk of their spending includes household expenses (grocery, phone bill, electricity bill), eating out and watching movies.

Total monthly expenditure: Rs 40,500 (including EMI, rent and other expenses).