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DancingBoba
DancingBoba
Morgan Stanley

Banglore to Mumbai

Is it worth moving to Mumbai Goregaon with a fixed salary of 18 LPA from Bangalore? I was living on a paycheck-to-paycheck basis in Bangalore. (In-hand salary: 115k) I am a 25-year-old single man. Actually I want to know about change in living costs after shifting to Mumbai.

5mo ago
2.5Kviews
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SquishyCupcake
SquishyCupcake
Fi Money5mo

If you were paycheck to paycheck with 1.15L per month in Bangalore, it'll be the same in Mumbai with 18 base

PrancingNarwhal
PrancingNarwhal
PayTM5mo

Why are you living with paycheck to paycheck with 1.15 lpm in-hand. What expenses you have?

DancingBoba
DancingBoba
Morgan Stanley4mo

40k EMI 11.5K rent 10k Food 20K (Sending it ro my home)

PrancingNarwhal
PrancingNarwhal
PayTM4mo

That's still 81.5, you're left with some 44k. Considering some outgoing & shopping exp of 14k you should still be able to save 30k.

And why 40 emis at such a young age.

ZippyMochi
ZippyMochi
Stealth5mo

Mumbai is way more expensive. Shifting cost upfront plus higher living cost there = going broke soon.

ZippyMochi
ZippyMochi
Stealth5mo

You shouldn't be living paycheck to paycheck in Bangalore either tbh, do you send money home or have loans?

SquishyQuokka
SquishyQuokka
Gojek5mo

Don’t do it. It’s a bad idea

DancingDonut
DancingDonut
Accenture5mo

Can you please give more insights on your lifestyle, and hometown, it will help In making an informed opinion

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