Real estate prices for 20 years

Is real estate skyrocketing? I got stressed and thought of putting my own calculation... how the rates of the flat will be after 20 years...

As of now, the rate of our flat fits this calculation... let me check it after 10 years...

Number of year 25Lakh flat Rate of inflation Year

1 2,500,000 12% 2008

2 2,800,000 12% 2009

3 3,136,000 12% 2010

4 3,512,320 12% 2011

5 3,933,798 12% 2012

6 4,405,854 12% 2013

7 4,934,557 12% 2014

8 5,526,704 12% 2015

9 6,189,908 12% 2016

10 6,932,697 12% 2017

11 7,764,621 12% 2018

12 8,696,375 12% 2019

13 9,739,940 12% 2020

14 10,908,733 12% 2021

15 12,217,781 12% 2022

16 13,683,914 12% 2023

17 15,325,984 12% 2024

18 17,165,102 12% 2025

19 19,224,914 12% 2026

20 21,531,904 12% 2027

Save 5% easily without cutting down expenses

We usually buy groceries in the small stores nearby.

Bigger Super Market means Bigger profit margin to meet their expenses. All the big retail stores give us only at the rate of MRP.

The small stores always give us a good discount of 5% on most of the products. We shop groceries for minimum Rs.5000. For 12 months it comes to Rs.60,000.

5% discount on Rs.60000 is Rs.3000/-

So, Save 5% easily without cutting down expenses.

Buying Gold - Worst experience with Joyalukkas

Yesterday (Sunday) we went to the new showroom @ MGRoad to buy a diamond stud for our daughter. The collection was good. They explained me types of diamond and the customer service was good.

We selected a piece. They told me its worth 60K but they have a promotional offer now and they are ready to sell it for 54K.

I asked if he can reduce the rate further! We said we want it around 50K.. Later he asked some details like if we are the first to buy in the show and he said he would give another special discount and he would give it for 48K. I was shocked..!!

Later we asked him to mentioned the weight and rate of gold and diamond.. he made a work out and gave a printout for 48K. I said I want more discount.. He said he already gave me so much discount.. I asked how? Because based on the weight and rate of gold and diamond it comes to only 48K... (dont forget wastage and making charge was 22% of cost)

I asked him would he take my piece back for 60K if I want to sell it.. he said no.. its worth only 48K.. then I asked him where he has given my the discount..? He said its actually worth 60K... but for us he is giving for 48K.. and if we bring it back he would take it for same rate...

I was totally disappointed.. :( What? Do he think we are fools? He will keep one MRP and then say a discount and even after that the selling price wont be worth the gold we are buying..

Is there any regulators? Whom should we contact to check if its worth what we are buying?

If anyone knows.. please let me know...

But the problem with these jewellers is they have good marketing people. They say they give you a huge discount. They make us buy things.

Teaching children about money - 2

My next target were these words...

Credit and debit
Investment
Loans
Retirement
Insurance
Taxes

I found it little tough to explain about insurance and taxes.. :( I explained investment.. but dont know how far she understood it

Teaching children about money - 1

Write down these important terms in a chart (Craft work) and write our own explanation to help children understand better.

Income and expense
Necessities and Luxury items
Saving
Budgeting


Today I tried this with our neighbour.. She is 7 years old.. She was very fast than I. :) (Again, I proved to be dull headed)

If they find it difficult to understand I left the space blank. We can teach them again, and then we can fill it up.