My second Hand laptop (HP Omni book 600)

HP Omni book 600

1)  Got the laptop from a friend in IIPM, who belonged to Assam, on condition that I can pay him money, whenever I like to pay him and feel to have enough money with me. I had to prepare the final report (Corporate Training Segment) to be submitted to the IIPM. (Bangalore, November 27,2008)
2) Invested on getting a duplicate Chinese battery for the laptop. Rs.3000 (Bangalore, December 12, 2008)
3) Paid money to the friend. Rs.10,000 (Hyderabad, March 18, 2009)
4) Repair of the Power Input device and part of mother board. No replacement. Rs.750 (Paradise, Secunderabad, April 17, 2009)
5) Problem in Hard disk, Replacement with a second hand hard disk (20GB). Rs.4000 (Agarwal computers, Near, Dwarkesh tower, Judges Bunglow, Bodakdev, Ahmedabad. 6 February 2010) (The laptop was dead from September 2009, and remained in his office for around 2-3 months.)
6) The laptop died (It was not starting up, RAM's indicator light is not glowing, the hard disk's indicator light is glowing, and the battery's indicator light is showing the sign of getting exhausted) on “last week of May 2010 to first week of June 2010”, when I was in Patan Gujarat. I could not find any one to repair it in Patan. On getting new job at Hosur, Tamilnadu, I requested some computer repair shops to help me to get the laptop repaired at low cost, but till now I have not got any hope of getting it in working condition. I also don't have enough money to buy a new laptop.

Objectives of my Financial Planning

1.      Immediate

1)      Preparedness for personal unforeseen adverse situations like poor health, accident, death, etc., so that my mother who is dependent on me can survive.

2)      Preparedness foe adverse situations like Job gap, Job change, etc.

3)      Preparedness for the adverse situation like related to mother-poor health, accident, death and after death expenses for the religious rituals.

2.      Short Term

1)      Paying of the debt of Shri PJ, who claims to have given Rs.25000+5000 for my admission confirmation fees in the management course. (He wanted me to marry his daughter, but I have not agreed, feeling the match to be unmatched and exerting that it’s my personal right to take decision on selecting my other half.)  Paid the debt through internet banking. Started to pay in installments on 4th May 2010. Rs.(5000 X 2) (Salary from Nandan Biomatrix)+(4000 X 5) (Salary from GROWMORE BIOTECH LTD.) Finished on 8/11 January 2011. Job Gap effect July and August.

2)      Paying the EMI of the education loan

3)      Buying a laptop to increase my efficiency and employability.

3.      Middle Term

1)      Marriage (budget)

2)      Gaya shradh of my Father.

3)      Purchase of Desktop computer, television and DVD player

4)      Maintenance of self, mother and the wife

5)      Pregnancy, Child birth, Health care of the wife. (1 to 2 child)

6)      Investment for the future of child (fixed deposit/mutual fund, etc.)

4.      Long term

1)      Education of child

2)      Different religious rituals of child.

3)      Repair/Reconstruction of my somewhat dilapidated house.

4)      Development of water reservoirs.

5)      Development of property.

6)      Investment in some business development

7)      Purchase of Vehicle

8)      Financial support to the relatives, who possibly may get into the problems.

9)      Cooperating in settling some of the loans of my father.

10)  Higher education of child, their career.

11)  Marriage of child.

12)  Pilgrimage.