How much salary is enough salary to live comfortably in India (per month)
Vote below ( according to you )
It depends on which city/town you're living in. 1L is almost peanuts in Bangalore but it's a royal amount in a village near a Tier-3 city.
Health, Fitness and Food are non negotiables for me. A healthy homemade high protein diet will cost you atleast 15k per month (considering a maid will charge 5k per month to cook, and raw materials will cost 10k) Fitness will cost you 4k per month on an average (investing in gym membership, shoes, other equipments)
Apart from this, the mandatory expenses include Rent (let’s say 20k), travel (probably 5k per month)
This itself has come to 45k per month. Round it off to 50k. Then there are other expenses like shopping, going out with friends - these depend on every individual.
Then there’s money that you need to set aside for investments and insurance.
So imo a minimum of 1L is needed to live a comfortable life if you’re a bachelor. It goes up if there’s a family dependent on you.
100 % and loved the way how yoh brokedown different aspects. Do you also see any scope for investing / saving after all these expenditures. If yes, would love to hear your breakdown
My opinion: Everyone needs 3 to 6 months of their expenses saved up in liquid funds. This comes in handy when one gets laid off and takes time to get a new job. This is a non negotiable.
Next comes Insurance. If you are the sole provider for your family, then it’s mandatory to have an insurance as well. If not, it’s up to you.
As far as Investing is concerned, I would prefer Equity mutual funds. Real estate is expensive and taking a home loan doesn’t make sense. On the other hand equity mutual funds yield good returns, and there’s no effort needed from our side. Just do an SIP. Again there are two schools of thoughts when it comes to investing. When you’re in ur 20s, some people say enjoy life, you can worry about investing later on. Some people say start investing in ur 20s itself so that you can retire early. Both are fine imo, pick whichever one suits you.
What do you think?
30K
If I get a shift job of 8hr with a 1hr dedicated lunch break at HAL, I would work there for 30K.
25K if they provide Acco
I don't know what people smoke these days, Have been staying in 1 bhk for last 7-8 years, offcourse bachelor, go to pub everyday, weekends party ,year end trip(extra) and still I live like a king within 60k (max) in bangalore.
Yes, I studied here and 12-13 years back we stayed in 2 bhk house, with food+ occasional drinks in our 4 year pf engineering our expenses was 5k per month.
Every comment is either exaggerated / or they don't know how to manage expense.
With family I can understand this, amount can be triple with your spouse working too.. But still a lakh is more than enough in this city, our local employees, worker are living happily.
Completely agree @Wakanda , I have lived a comfortable life with 50 k however everyone has different expenses they have to meet and different lifestyle, so ig its fair
Depends entirely on individuals. How minimalist vs lavish your lifestyle is, what you want out of life
Happy Diwali first, I'm to move to Bangalore by Jan end. I make around 70-80k (work+other projects) as a fresher and currently wfh (tier-2 city) I've saved up enough for rent security + 6 month needs. And I have figured out what my monthly expenses would be once I get there.
- Rent: (20k - 1bhk)
- Utilities + Food Essentials: 12k (Elec+water+internet+cleaning+food items, will cook myself)
- Travel: 3k (hybrid)
- Fitness: 4k
- Misc: 10k-15k (idk par ho jayenge) Total: 50k-55k I feel that's around what any bachelor (22 yo) would need to "live well". I could live with less. Anything over this, I'll invest (20%)
How off these numbers am I?
I have chose 1L above tho, if I make that much (good projects) I buy things. This month I bought a gaming laptop since I'd always want one and for CS2. I'll probably buy an ipad next year.
When I moved to bangalore in 2014
I spent 5.5k on a two sharing pg in halasuru _ 2 times food
Eating out 1_2k per month
Travel 1_2k I used to organise events so travelled for free
Extra some more say 2k per month
My salary was 12lakhs per annum
Those 35% folks who marked 3L + 😂😂😂
