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Guys in 30s', What is Your Monthly Expenditure (in %), How Much (in %) of Income Do You Save?

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Hundred_Dios

Guys, just wanted to understand the monthly expenditure of people in 30-40 age group and how much of your income is being saved. I see prices of several daily consumables have raised in recent years and so the income (mainly after COVID in IT sector). So, wanted to understand if there is a real rise in income or not.

Starting with me, my monthly expenditure is 30% of my income….i live in own house in Tier 2 city with 2 kids, wife and mother. I am the only earning guy in family. Able to save 70% of the income.

Edit 1: Actual education expenses haven’t started yet

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raghupro wrote:

Unsure where you live but 15k to 20k in a tier 1 city will only get you a 2BHK in a very sub-par locality. Any decent locality will make you shell out at least 30k including maintenance.


And if one works for an IT firm and prefers to stay closer to office, they have to be prepared to shell out at least 35k-40k including maintenance for a 2BHK.


These are the rentals in Hyderabad at least and things are no different in Bangalore where I have my cousins staying.


Coming to school expense. Any decent school in Hyderabad would cost around Rs. 1,00,000 per annum including all expenses such as school transport, fees etc. I am not even talking about the premium ones.

Found someone agreeing smile 


I thought I was an alien for a moment toungueout

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androgame wrote:

Found someone agreeing smile 


I thought I was an alien for a moment toungueout

Nah bro… I only disagree with your groceries part… 50K/Month is kinda high end… Rest all looks Okieess… blush

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raghupro wrote:

Unsure where you live but 15k to 20k in a tier 1 city will only get you a 2BHK in a very sub-par locality. Any decent locality will make you shell out at least 30k including maintenance.


And if one works for an IT firm and prefers to stay closer to office, they have to be prepared to shell out at least 35k-40k including maintenance for a 2BHK.


These are the rentals in Hyderabad at least and things are no different in Bangalore where I have my cousins staying.


Coming to school expense. Any decent school in Hyderabad would cost around Rs. 1,00,000 per annum including all expenses such as school transport, fees etc. I am not even talking about the premium ones.

saying sub-par locality is again subjective. For 20K you get very good flats in areas in KPHB, Miyapur in Hyderabad; Electronic city, White field in Bangalore…All depends on your lifestyle. If you want to stay in branded apartments with all amenities, then yes it would be 30 to 40K, but it will hurt the budget too badly for a 1 lakh earning guy.

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androgame wrote:

Found someone agreeing smile 


I thought I was an alien for a moment toungueout

yeah, only grocery expense look odd to me

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Himanshu1234567 wrote:

Nah bro… I only disagree with your groceries part… 50K/Month is kinda high end… Rest all looks Okieess… blush

Chalo bhai, 30k-35k maanlo, kuch expenses family to family vary karte hain. Phir Bhi jis hisaab se inflation ho raha hai, 1 lakh (which used to be hell lot of money at some point of time) sounds peanuts now for a family. 

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Hundred_Dios wrote:

saying sub-par locality is again subjective. For 20K you get very good flats in areas in KPHB, Miyapur in Hyderabad; Electronic city, White field in Bangalore…All depends on your lifestyle. If you want to stay in branded apartments with all amenities, then yes it would be 30 to 40K, but it will hurt the budget too badly for a 1 lakh earning guy.

It was thing of the past even in KPHB and Miyapur. It costs at least 25k even in these localities along with maintenance, which alone goes to 3k to 4k per month.


Yes, it would hurt badly for someone earning 1 lakh per month but then again not everything can me measured. The benefits you get in good communities will account for it, especially with toddlers at home who would get good company in large communities. We live as nuclear families lately and elders/kids at home barely get to interact with neighbours unless they live in large gated communities.

PS: I don’t live in a large gated community just yet but intend to move into one in 3 to 4 years when my kid would turn 5 years old.

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MrKool_JJ wrote:

No CCs o.O

No
Got 1 forcefully on HL by SBI
Forefeited last year

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Hundred_Dios wrote:

The expenses are too high…50K for groceries is too high….

- 15 to 20K in tier 1 city (excluding mumbai 😀) and 10 to 15K in tier 2 city should be on rent

- 15 to 20K on household expenditure that includes grocery, electricity, etc

- For school fees, there is a formula – some financial experts say school fee expense should be within 30% of your annual earnings.


So, assuming 1lakh take home salary and 1 kid, then the monthly expenses to maintain the family should be 40 to 50K in tier 1 city, 35 to 40K in tier 2 city. I ignored unnecessary expenses like leisure travel, outside food, etc


correct me if i am wrong

what is the school fee for a reasonably good school in your city?

i am in tier 1 city.  The scool fees of two kids comes close to 4l including transportation which translates to 34k per month. 

For a family of four who are healthy, the milk consumed is 2ltrs which will be 2×70×30=4200.

kaamwali ka 2k.

Groceries min 20k.

rent, even if you consider 2bhk it is 15k+2k maintenance.

total 34000+4200+2000+17000=57000

commute public transport =2k.

Assuming 1L gross, the total savings will be around 20k.

Which is 20%.

I dont know how a tier1 city guy can save 70% unless he earns much higher than 1L

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playdime wrote:

what is the school fee for a reasonably good school in your city?

i am in tier 1 city.  The scool fees of two kids comes close to 4l including transportation which translates to 34k per month. 

For a family of four who are healthy, the milk consumed is 2ltrs which will be 2×70×30=4200.

kaamwali ka 2k.

Groceries min 20k.

rent, even if you consider 2bhk it is 15k+2k maintenance.

total 34000+4200+2000+17000=57000

commute public transport =2k.

Assuming 1L gross, the total savings will be around 20k.

Which is 20%.

I dont know how a tier1 city guy can save 70%.

Kaamwali surviving in 8k(assuming 4 houses) is highlight stuck_out_tongue_winking_eye

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jileg wrote:

Kaamwali surviving in 8k(assuming 4 houses) is highlight stuck_out_tongue_winking_eye

That would be impractical, our house help works in 10 houses from what she told (doing different jobs at different places) 


Surviving is a different game though, it’s possible to survive at anything above 10 k a month, but that life is not really worth it, sadly sad


* Unless someone has a really strong guiding force

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jileg wrote:

Kaamwali surviving in 8k(assuming 4 houses) is highlight stuck_out_tongue_winking_eye

its all depends on how many bread winners in a family. 

i am hoping you are not hinting to take a leaf from their life

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androgame wrote:

Off topic but just an abstract thought, why do people travel ?

I mean its the same thing everywhere, mountains , rivers, and such stuff, what else ?

I get bored of places very easily.

Have travel plans for abroad, but those cost alot wink

P- I am not a foodie as such, mere liye to domino’s ka pizza bhi “leisure” food hi hai 

Travel is a way to relax, take a break, be away from normal routine…. And with all this, there are always something nice to see when it comes history, uniqueness about the place.

Well, if you achieve all this sitting at home … You are one lucky chap. Cheers !!

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now i know the downsides of tier 1 cities joy Bro in tier 3 city 1lakh per month you will be considered rich and people will come to you asking for money in times of need joy joy

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kukdookoo wrote:

Have travel plans for abroad, but those cost alot

1 inr=1.11 Russian Ruble

there is one youtuber jo 40-50k me russia me acha fun kar aya @xxxyyyzzz @Tanmayyy @decideaim @kartikxxx

With the prevailing situation, ruble value will decrease, you will get offers like buy 1 and get 5, at russian equivalent of garstin bastion road plus1

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vkrmjeet wrote:

now i know the downsides of tier 1 cities joy Bro in tier 3 city 1lakh per month you will be considered rich and people will come to you asking for money in times of need joy joy

Very much true…. It is not how much you earn, look at what you save

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decideaim wrote:

With the prevailing situation, ruble value will decrease, you will get offers like buy 1 and get 5, at russian equivalent of garstin bastion road plus1

it wont decrease more

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vkrmjeet wrote:

now i know the downsides of tier 1 cities joy Bro in tier 3 city 1lakh per month you will be considered rich and people will come to you asking for money in times of need joy joy

who will give 1L in tier 3 city in a pvt. company? Hain to batana batana bhayya. O am ready to relocate.

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kukdookoo wrote:

it wont decrease more

Every one discussing about finances and @kukdookoo @decideaim Bhai aap naughty bante Jaa rahe ho
No body does it better 🤣🤣

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Hundred_Dios wrote:

Very much true…. It is not how much you earn, look at what you save

exactly. life is so calm and slow in tier 3 cities.

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iron-man wrote:

Every one discussing about finances and @kukdookoo @decideaim Bhai aap naughty bante Jaa rahe ho
No body does it better 🤣🤣

maine sahi likha yaar ruble wont decrease more in value.
paji aap hi naughty huye ja rahe ho

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playdime wrote:

its all depends on how many bread winners in a family. 

i am hoping you are not hinting to take a leaf from their life

No. I couldn’t not point out such less amount when people are discussing about multiple of that amount just for groceries etc.

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playdime wrote:

who will give 1L in tier 3 city in a pvt. company? Hain to batana batana bhayya. O am ready to relocate.

MLM wale joy joy on a serious not i know you are right 🙃 . downside of tier 3 city.
yha pe citi/amex etc wale card bh nh dete.
but school fees(very good quality education) , rent , groceries spends are less.

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androgame wrote:

That would be impractical, our house help works in 10 houses from what she told (doing different jobs at different places) 


Surviving is a different game though, it’s possible to survive at anything above 10 k a month, but that life is not really worth it, sadly sad


* Unless someone has a really strong guiding force

BTW bro what work you doing? means on which post?

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vkrmjeet wrote:

MLM wale joy joy on a serious not i know you are right 🙃 . downside of tier 3 city.
yha pe citi/amex etc wale card bh nh dete.
but school fees(very good quality education) , rent , groceries spends are less.

haan bhai mai bhi reh chuka hu.  and agree with you.

tasty food, ventilated houses for cheap prices.

eligible for all govt. schemes irrespective of income and if inclined will get money for municipal polls, mla, mp, parishad and legislative elction( if concil is there).

100 units free bijili, no traffic and full mileage even for Ferrari.

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playdime wrote:

haan bhai mai bhi reh chuka hu.  and agree with you.

tasty food, ventilated houses for cheap prices.

eligible for all govt. schemes irrespective of income and if inclined will get money for municipal polls, mla, mp, parishad and legislative elction( if concil is there).

100 units free bijili, no traffic and full mileage even for Ferrari.

free daaru in elections.
not free but electricity rates start from 2.65rs for first 180units then 4.5 upto 300 then 6.2 upto 800 then 7.1
pollution is comparitively less
you get fresh vegitables/food for less price
restaurents are cheap
travelling is cheap (rickshaw won’t ask you absurd 100rs for small distances , they ask 10-20).
less bheed.
renovation labour is cheap like carpenters etc

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vkrmjeet wrote:

free daaru in elections.
not free but electricity rates start from 2.65rs for first 180units then 4.5 upto 300 then 6.2 upto 800 then 7.1
pollution is comparitively less
you get fresh vegitables/food for less price
restaurents are cheap
travelling is cheap (rickshaw won’t ask you absurd 100rs for small distances , they ask 10-20).
less bheed.
renovation labour is cheap like carpenters etc

you are tempting people man.. This is all forgotten past for me.😌

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Cody wrote:

BTW bro what work you doing? means on which post?

he is class 7 student 😛

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Thanks for starting this thread and to everyone for sharing their experience. It is really nice to know different perspectives. Will try to share mine.

60% savings and investment – NPS, MF, Stocks(Ind and US), SGB
15% needs
15% wants
10% donation

Like to travel but more as experience. Take a week off (Work in IT and take 9 days including both sides of weekend) in a month and travel a particular state. Sometimes go for treks. Prefer traveling between places during night using public transport instead of staying at hotel. Try to eat at annadanam (places which serve food for free) and pay them in return for the service to support them. Sometimes go for long distance cycling. Try to go for vipassana sessions once a year. This is during solo travel but sometimes travel with family.

Currently live with parents in own house bought recently.

Recently taken term insurance and always try to keep emergency fund of at least 6 months salary. Have some ESOPs given by company as backup funds.

Work with NGOs as part of CSR team in company and donate some amount whenever possible.

Try to use mobile phones, clothes and similar things for as long as possible until the wear and tear takes over.

Buy some books and donate them to libraries once completed.

I have taken some CCs recently but have currently used them only to buy online gold coins as investment during offer time. And pay back right after the purchase.

Just sharing my experience and glad to hear and learn from others. Please do let me know if you have any suggestions. Cheers smile

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Random123 wrote:

Thanks for starting this thread and to everyone for sharing their experience. It is really nice to know different perspectives. Will try to share mine.

60% savings and investment – NPS, MF, Stocks(Ind and US), SGB
15% needs
15% wants
10% donation

Like to travel but more as experience. Take a week off (Work in IT and take 9 days including both sides of weekend) in a month and travel a particular state. Sometimes go for treks. Prefer traveling between places during night using public transport instead of staying at hotel. Try to eat at annadanam and pay there to support them. Sometimes go for long distance cycling. This is during solo travel but sometimes travel with family.

Currently live with parents in own house bought recently.

Try to use mobile phones, clothes and similar things for as long as possible until the wear and tear takes over. My wallet have been there for 9 years now smile

Buy some books and donate them to libraries once completed.

I have taken some CCs recently but have currently used them only to buy online gold coins as investment during offer time. And pay back right after the purchase.

Just sharing my experience and glad to hear and learn from others. Cheers smile

very much balanced…. keep going plus1

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