Finance – Upgrade lifestyle or save aggressively?
I earn ~₹1L per month. My monthly expenses are around 20–25% (rent, groceries, travel). The rest I save/invest or support family with.
Currently, I’m living in a PG. Lately, I’ve been thinking about upgrading my lifestyle — maybe moving to a flat.
But I’m unsure.
Should I shift now and improve my living standard? Or wait until my next switch (target ~₹1.5L/month) and then upgrade comfortably?
Would love to hear how others decided this balance between lifestyle upgrade vs aggressive saving.
If you are comfortable in your pg i would suggest not switching to flat too soon.
Getting a flat is a much bigger expense and headache. Plus if you get bad flatmates or landlord, your mental health could go for a toss. Trust me on this.
Oh is it
Depending on the kind of PG you're living at, if there are not many restrictions, then shifting to a flat won't be that big of a lifestyle upgrade.
Flat comes with a lot of freedom plus responsibilities, along with additional cost.
2 sharing, 14k per head
Don't upgrade now. Save as much as possible. Since you are not a native of the city you aim should be to leave the city in 20 years. Not saying this from a North/South or outsider /native POV, but city life in India is absolutely BS. The only reason to say beyond 20 years in a city is if you reach Senior level in corporate world. If not, its just not worth it. The only reason to stay/live in a city is absolute need for money. 20 Years is good enough time to save a decent corpus. if corpus can give a decent cash flow that should be more than enough.
We have the responsibility of giving a quality life to our kids. We have already failed on that. At least their kids deserve a better quality of life. We cannot of babus to improve our life - they are incompetent, greedy and are absolute piece shit.
