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Mumbai couple's viral post details struggle to save despite high income

Created at 11 Jun · 2:45 PM1 source↑ Market-relevant
IN SHORT

A Mumbai couple earning ₹2.2 lakh monthly shared their financial struggles on Reddit, detailing how high expenses leave them with little savings. Their post, which went viral, highlighted costs like rent, utilities, and lifestyle spending, prompting discussions on budgeting and financial sustainability.

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Key Numbers

₹2.2 lakhmonthly income of Mumbai couple
₹44,000monthly rent expense
₹5,000-₹6,000monthly travel expense
₹5,000-₹6,000monthly electricity expense
₹8,000monthly domestic help expense
₹20,000monthly groceries and household needs
₹60,000monthly SIP investments
₹5,000monthly medication expense
₹12,000-₹13,000monthly outings expense
₹45,000expense for one trip to hometown

Who's Involved

Mumbai couple
earning ₹2.2 lakh monthly and struggling to save
Reddit user
commented on the couple's spending habits

↳ Why This Matters

This story highlights the significant impact of high living costs and discretionary spending on household savings, even for individuals with above-average incomes, prompting broader conversations about financial planning and economic pressures in major urban centers.

Key facts

  • A Mumbai couple earning a combined ₹2.2 lakh per month is struggling to save.
  • Their monthly expenses include ₹44,000 for rent, ₹12,000-₹13,000 for outings, and ₹20,000 for groceries.
  • The couple also allocates ₹60,000 for SIP investments and ₹5,000 for medications.
  • They expressed anxiety about surviving and saving money, questioning future sustainability.
  • A Reddit user commented that the couple lacks control over their spending.

A Mumbai couple's detailed breakdown of their monthly expenses, shared on Reddit, has gone viral, highlighting the challenges of saving money even with a substantial income of ₹2.2 lakh per month. The couple described their financial situation, stating they often find themselves with no savings by the end of the month despite their earnings.

Their expenses include ₹44,000 for rent, ₹5,000-₹6,000 for travel, and a similar amount for electricity. Household needs like groceries and gas amount to approximately ₹20,000, with an additional ₹8,000 for domestic help. They also invest ₹60,000 monthly in SIPs and spend ₹5,000 on medications. Social and office-related outings cost them ₹12,000-₹13,000 monthly, and they noted a significant expense of ₹45,000 for a single trip to their hometown.

The couple expressed anxiety about their financial sustainability, questioning how others manage and what their future holds, particularly with potential responsibilities like children. One commenter on Reddit suggested they lack control over their spending, stating that even with a higher income, they might not be content.

The post has ignited discussions about the high cost of living in Mumbai and the difficulties individuals face in saving money despite earning decent incomes.

Frequently asked questions

The couple's combined monthly income is ₹2.2 lakh.

Key expenses include ₹44,000 for rent, ₹60,000 for SIP investments, ₹20,000 for groceries, and ₹12,000-₹13,000 for outings.

Despite their income, high living costs in Mumbai and significant discretionary spending leave them with little to no savings by month's end.

The post went viral, sparking discussions about financial struggles and spending habits, with one user suggesting a lack of spending control.

What Happens Next

01The couple may seek further budgeting advice from the online community.
02Discussions on financial management and cost of living in Mumbai are likely to continue online.

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How It Developed

A Mumbai couple earning ₹2.2 lakh per month shared their financial struggles on Reddit.
They detailed monthly expenses including rent, travel, electricity, domestic help, and groceries.
The couple noted that despite their income, they struggle to save money by the end of the month.
They expressed concerns about long-term financial stability, especially with future responsibilities like children.
The post sparked online discussion about spending control and financial planning.

Sources

T1
“How are people surviving?” Mumbai couple’s viral post breaks down monthly spending and struggle to save despite a good incomeThe Economic Times

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