IIT Kharagpur Alumnus Lists Expenses For 4-Member Family In Metro City, Total Comes To ₹20 Lakh

Living in metropolitan cities in India has become exorbitantly pricey, especially for families of four. The rent for a decent-sized apartment can easily gobble up a big chunk of the monthly budget, leaving little for other expenses. And school fees? They’re soaring too. Basic living expenses like groceries, transportation, and healthcare are also shooting up, putting a heavy strain on family finances. If one doesn’t plan their finances and stick to it, they’re doomed.

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For example, Pritesh Kakani, an IIT Kharagpur alumnus, made an entire list of monthly expenses for a 4-member family living in a metropolitan city in India. The total yearly cost comes down to Rs 20 lakh. This includes Rs 35,000 monthly rent, Rs 10,000 for food expenses, Rs 5350 for petrol, Rs 8000 for medical expenses, electricity and gas for Rs 1000, etc.

Have a look:

It’s safe to say that a lot of the expenses listed here are minimal and can easily go up to a higher amount in a metropolitan city.

Have a look at Pritesh’s post here:

Several people took to the comments section to debate the entire list but Pritesh had some very strong arguments in return which made a lot of sense. For example, while clothing and footwear expenses can count as “luxury”, having a personal mode of transport in metro cities nowadays is a necessity.

Have a look at some of the responses here:

This feels like like juggling with coins on a tightrope, where every step feels like a financial balancing act.

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