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GroovyLlama
GroovyLlama
Stealth

Flat or PG? If flat, how much should I spend on the rent? Help a lost girl out for good karma 😪

Hi,

I’ll be moving to Bangalore (HSR) for a new job and could really use some advice on setting a realistic rent budget.

My monthly in-hand salary is around 62k.

What should be my budget for rent? (Why are flats in HSR so expensive 😖) Or should I consider a PG instead?

Additionally, how much should I set aside for savings?

Any advice or insights would be super helpful. Thanks in advance!

Also, appreciate any leads on good PGs, flats and broker numbers 🙏🏻

1mo ago
4.8Kviews
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PerkyWalrus
PerkyWalrus
Deloitte1mo

Save atleast 35K. DON'T PARTY DON'T DRINK

BE HAPPY AT HOME. UNFOLLOW GIRLS WHI ARE DRINKING EVERY WEEKEND.

This will help you save money in bangalore.

SquishyBagel
SquishyBagel
Stealth1mo

Is drinking culture worse in Banglore? I am don't drink or party, would it be hard to stay social or thrive in Banglore.

GroovyLlama
GroovyLlama
Stealth1mo

Not really a party person but yet unable to save 🥲

SquishyWaffle
SquishyWaffle
Morgan Stanley1mo

Ideally your rent should be in b/w 20-25% range of your salary so in your case should be 12-16 k. If you go for a flat, there will be other expenses as well (maid, groceries etc) that will easily cross this mark.

Try to get a good PG (not zolo or chain type PGs - never heard anything good about them).

You should save 30% minimum. Assuming you are fresher/bachelor with no major financial responsibilities you can try to save 50% if you want to go big on savings.
Once you have a rainy day emergency fund good enough to cover your 6 months expenses, start investing as per your risk appetite.

GroovyLlama
GroovyLlama
Stealth1mo

This really helps, thank you! 🙏🏻

GroovyBagel
GroovyBagel
SAP1mo

HSR is one of the posh areas in Bangalore so rent will definitely be on the higher side.

GroovyMochi
GroovyMochi
Stealth1mo

You can stay in HSR or look for pgs in green glen layout. Its a hotspot for pgs, food stalls etc

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