High costs of Living. Anyone feeling the pressure?

Me and my spouse in total are earning 6 Lakh a month pre-tax, but inspite of that there is too much pressure on finances. I am just amazed with the cost of living. Rents, School fees, EMIs, Taxes are just eating away all the income. I am barely left with 1 lakh at end of month.

This saving is not enough for any emergency. Recently my family faced with medical emergency and I am still recovering with the debt it created. Company covered health insurance denied the claim on certain grounds and we were fc*.

It looks so pretty from outside, but honestly I am frustrated even with this package in hand. Is anyone else feeling the pressure, or I am just bad at managing finances?