Marriage Deposit
Marriages are made in heaven, goes the saying. The expenses, however, have to be borne here on earth. A decent wedding today can cost upwards of Tk. 10 lakh, with sky being the limit! Nothing appears to have changed, especially when it comes to who will bear the wedding expenses. Parents continue to do so with the help of their savings made over the years. The trend doesn’t appear to be changing anytime soon as the children still seem reluctant to even partially meet the cost of their own wedding.
If you have recently started earning and want to save for your marriage, which is more than five years away, you can still prepare a plan and save towards your goal. You may not be that familiar with investments such as mutual funds (MFs) at your (young) age, but can still look at less volatile funds.