QuirkyBanana

Expense estimate

I'll be moving to Mumbai (Andheri East) next month. I'll be earning 80K PM after tax and this is how I'm thinking of dividing my finances. Please give your inputs. Fixed:

Rent - 18K (PG)
Food - 4K
Electricity - 3K (estimating)
Travel - 3k (worst scenario, home to office - Rs 100, 3 days a week - 600/week) 5.Groceriess - 2K (Not sure because in a PG but considering it)
Internet - 1K
Lifestyle/Misc - 10K (I don't party much, most of this will spent in misc and exploring Mumbai etc) Total - 41K

Savings - 39K/40K

25K in savings bank account (i need to have this because I'm scared of emergency stuff)
5K MF
5K PPF
4K/5K - sending home

Is this good?

14mo ago

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PeppyMarshmallow

Stealth14mo

I’ll also recommend getting a shared apartment in Andheri East.
Road connectivity between east and west is terrible because Andheri bridge is under construction for a while now.

JB nagar and Sher-e-Punjab will have cheap accommodation.

Electricity will be cheaper. I pay <2000 (Adani) total per month for a 2bhk and I work from home (display, laptop, ac, fan).

Also consider cost of maid/cook. For 2bhk it’ll be about 3-4k and cool salary will be based on number of people and meals.

Airtel Broadband has 200 mbps plan for ₹1200. Divide that between occupants. Jio has similar plans.

I’ll suggest not staying in a pg. It’s usually not a good experience; there will be curfew hours and most ‘aunties’ who run these are very intrusive. Sharing based on past experiences.

All the best 👍🏽

QuirkyBanana

Dunzo14mo

Thanks a lot. I found a really nice shared 2BHK for 24K but it will fuck up my savings. Not sure what to do. I'm going there on 1st till 5th with my father. Would I be able to find a shared 2BHK in this timeframe with the help of a broker?

SillyJellybean

Stealth14mo

Yes. You can also look at flats without brokers groups on Facebook.

SwirlyTaco

Stealth14mo

It's good! A shared apartment is more likely in Andheri E. PGs are rare.

Good luck!

QuirkyBanana

Dunzo14mo

I actually found a PG in Andheri West near a bus stop and auto stand nearby. It's 4.5kms from the office and 18K (negotiable). Should I go for it?

PeppyMarshmallow

Stealth14mo

Don’t rely on roads. Take it if it’s close to metro and you can’t afford to wait. Road connectivity between east-west is bad.

CosmicLlama

Stealth14mo

If your savings cross 20k.. consider yourself lucky

GigglyCoconut

Stealth13mo

is this specific to Mumbai ?

CosmicLlama

Stealth13mo

Not just Mumbai, blore, ncr.. pretty much any city. Unless you live in a smaller city like jamshedpur the odds of saving 50% of your income with rent of 18k is very difficult.

SqueakyBanana

Stealth14mo

Andheri is freaking costly..why not Goregaon or Malad..

PeppyKoala

Stealth14mo

Goregaon is a great place to live

QuirkyBanana

Dunzo14mo

These places are far and I won't have my bike until a few more months. Can you suggest some travel modes from these places to VKG in Andheri E

SwirlyPenguin

Stealth14mo

I'd suggest start investing after a few months of your job, because there will some unexpected expenses for the first few months. first get settled for a while then start investing

QuirkyBanana

Dunzo14mo

Got it. Makes sense, thank you

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