Earning 1.7 lakh, saving only Rs 2520! Your head will spin after seeing this couple’s budget

In today’s times, despite having huge salaries, many people are left empty handed at the end of the month. Something similar happened with a 30-year-old married couple, whose story is now making a lot of headlines. You will be surprised to know that the total monthly income of this couple is Rs 1.7 lakh, but at the end of the month they are left with only Rs 2,520. The troubled couple has shared their ordeal on the social discussion forum Reddit and sought advice from people.
The couple titled their post on Reddit as, Earning Rs 1.7 lakh, living on monthly salary, mentally tired, need your advice. The couple told that it has been two years since their marriage and when they started calculating their expenses, they were shocked. They are badly stuck between the burden of debt, household expenses and future dreams like owning a house, children and retirement. They do not understand how to create an emergency fund and get out of this quagmire.
Complete mathematics of earnings and expenses
According to the post, this couple is paying a huge EMI of Rs 85,980 every month. This includes personal loan of Rs 70,154, bike loan of Rs 12,000, education loan of Rs 3,000 and phone EMI of Rs 826. At the same time, Rs 53,500 is directly spent every month including rent, society maintenance, ration, electricity-water bill, travel and medical expenses. Apart from this, the couple keeps aside Rs 28,000 every month for travelling, personal expenses and minor needs of the family. After adding all these things, only a nominal amount of Rs 2,520 is left in the pocket.
People gave this advice
As this Reddit post went viral, people started giving their opinions and suggested many solutions to improve it. One wrote, the real problem is not the household expenses, but your loans. Until the personal loan ends, Saving is impossible.
Another user commented, this salary is low for the IT sector at your age. Change job and go to a company with better package, so that income can increase. Some people said that until all the loans are exhausted, then drastically cut down on your lifestyle and travel expenses, and repay the loan first with that money.

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Disclaimer: This news is based on viral social media posts and reactions of netizens. TV9 Bharatvarsha does not independently verify the authenticity of any claims made in this post.