Earning Rs 1.5 L In Bangalore But Still Broke! Why Living In Metro Cities Is Getting Difficult
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar, a SEBI-registered investment adviser, said metro living can trap young earners, describing a rough 40-30-30 split of income across housing, necessities and everything else, and suggested an emergency fund of eight to 12 months of expenses in a high-cost city.
More of Abhishek's views on money management
Outlook Money looks at a Reddit post by a 26-year-old in Bengaluru earning ₹1.5 lakh a month who still felt one setback away from financial trouble. The article sets out pressures common to young metro professionals, including rent, EMIs, supporting parents, thin emergency savings and lifestyle inflation, and lists habits to cope with them. It includes comments from Abhishek Kumar.
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Earning Rs 1.5 L In Bangalore But Still Broke! Why Living In Metro Cities Is Getting Difficult