What happens if your CTC drops by 25-50%?
How will you re-adjust your spending habits? What impact will it have on your family?
I took a 4 mos break. Although I had enough savings, the survival mode kicked in. Stopped attending parties, decreased spending on food.
My Mac f up during that period and had to spend 90k on new air 😅
Taking a break did not affect you while joining the new company?
It did. Had no leverage in negotiation.
Don't have any financial responsibilities on me yet, been saving when my salary was ₹30k/m. Will still be saving when salary becomes ₹25k/m.
Umm. Cut down unnecessary weekly expenses. Cut down all subscriptions. Cut down on holidays.
Everything else stays same.
You lose you hair, lose your vision, get weak in the knees and hair starts growing on your palms.
Not really. Should be okay.
I have been living as if my salary is only 30k per month since the start of 2022. As I still wfh and live with parents , most of it goes to savings or occassionally to a family expense. So I ll be okay.
Except for investments, cut down on all other expenses by 50%
