New here! Saw Grapevine posts in a few WA groups and joined in. This topic might be common, but I’m looking for advice specific to my situation. Generic tips like "save X%" don’t fit everyone’s priorities or cultural context. Sharing details for better context—not a flex, just seeking balance.
I’m an SDE working in India, earning a decent salary, but I was raised in a middle-class family where frugality was the norm. Over the past few years, I’ve focused heavily on saving and being financially responsible. Recently, I crossed a financial milestone I didn’t expect to reach this early, but now I’m questioning whether I’m striking the right balance between saving for the future and enjoying the present.
Here are some quick stats:
My Dilemma:
I’d love to hear from people who’ve been in a similar boat. Did you adjust your spending after hitting certain milestones? How did you make sure you were saving enough while still enjoying your life?
Only here for unfiltered advice - thanks in advance!
Firstly, congratulations on reaching ₹50 lakh net worth in your mid 20s. This is a great start.
Regarding big spend items, I think of it in terms of - it's alright to have big spends but they must be limited and conscientious.
Limited: You can't afford to splurge across several areas of life, especially when you're focussed on being consistent with your savings and investments. So decide what is that 1 (or max 2) areas of life where you will allow yourself a loose hand with money e.g travel, automobile, gadgets, etc. Once decided, budget for this and stick to the plan.
Conscientious: Since one can only afford limited high spending activities, it's worth introspecting on the areas of life where you would allow yourself to splurge some. What is it that would truly make you happy and prioritise the one or two activities that matter to you the most.
In a world where we are constantly bombarded with advertisements from corporates and the psychological effects of social media, it is becoming harder to prioritise your spending. It's always a good idea to regularly assess your desires, wants and needs.
Lastly, know that happiness doesn't always cost a lot of money and try to build a life around this e.g playing a sport recreationally, indulging in other hobbies, spending quality time with loved ones, indulging in learning new skills, etc.
Happy to address other questions. Been in a similar boat as you wrt balancing spending, enjoyment and being financially responsible. Current net worth ~₹2cr, on the path to financial independence in the next few years, mid 30s, 15 YOE, graduate.
Cheers!
focused*
I'm in my late 20s, earn 45 LPA excluding bonuses, and I still think twice before ordering hoodies and shoes I love. Been using the same pair of shoes for 5 years now, because I still have the guilt that I paid 11k for them. That's fine, it's a good quality to have.
I'm curious to know your networth
Just keep saving
From what I have learnt:
No one can give you correct figure on how much and on What you must spend.
It is advisable to spend how much you are comfortable with.
Discussion with your family helps rather than asking a bigger community.
First goal should be to create another stream of income once you have achieved financial stability.( This is my opinion, so this will discourage you from spending more )
What other streams on income have you considered /tried ?
Basically want to know how you guys strategise and manage spending. Few questions to make this easier
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Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.
