A 31-year-old guy from Kerala who works as a software engineer and lives alone recently posted his full monthly spending details on social media. He takes home ₹2,04,375 but spent ₹1,33,257 last month. That left him with ₹71,118.
His main question was simple: Is he managing his money well?
His Spending Breakdown
Here’s how he spent the money:
- Home Loan EMI: ₹26,500
- Rent: ₹26,000
- Food & Dining: ₹23,929
- Phone EMI: ₹23,429
- Car Service: ₹12,242
- Online Shopping: ₹9,198
- Petrol: ₹4,551
- Internet: ₹2,039
- Medical: ₹1,150
- Drinking Water: ₹890
- Electricity: ₹877
- Groceries: ₹833
- Misc: ₹800 + small expenses
Total spent: ₹1,33,257 Money left: ₹71,118 (he is keeping it for buying a car next year)
Important Background
- He owns half of his family home but is paying the full EMI right now because he moved out.
- His food bill is high because he uses a costly high-protein meal delivery service.
- The phone EMI will finish in two months.
- He already has some savings in fixed deposits, mutual funds, and EPF.
What’s Good and What Needs Work
Good things:
- Earning over ₹2 lakh a month at 31 is really strong.
- He tracks every small expense carefully.
- He is saving for a clear goal (the car).
- Once the phone EMI ends, he will have more money every month.
Things to improve:
- He is paying both home loan EMI and rent — that’s more than ₹52,000 together.
- Spending ₹24,000 on food for one person is quite high.
- Some expenses like the expensive phone on EMI add up quickly.
Simple Suggestions
- Talk to his family about sharing the home loan EMI.
- Try hiring a cook or cooking at home instead of expensive meal delivery. This can save a lot.
- Finish the current EMIs and be careful before taking new ones.
- After saving for the car, put more money into long-term investments like mutual funds.
- Keep a good emergency fund and proper health insurance.
Final Thoughts
Overall, he is doing well for his age. His income is good and he is careful with tracking. If he fixes the food and housing costs, he can easily save more than ₹1 lakh every month. Once the phone EMI stops and family helps with the home loan, his situation will become even better.
Many people on social media agreed that he is in a strong position and just needs small changes.
What about you? What is your biggest monthly expense? Share in the comments.
This is based on a real post shared on social media. For personal advice, speak to a financial expert.
