Gurgaon Product Manager Shares Monthly Expenses of ₹90,000, Sparking Discussion
Gurgaon-based 25-year-old product manager spends ₹90K monthly without partying; here’s where it goes
The Economic Times
Image: The Economic Times
Shivank Goel, a 25-year-old product manager living in Gurgaon, India, revealed his monthly expenses totaling ₹90,000 ($1,080 USD) in a recent Instagram post. His breakdown includes rent, groceries, investments, and a costly trip, highlighting the financial challenges faced by young professionals in urban areas.
- 01Shivank Goel's total monthly expenses amount to ₹90,000 ($1,080 USD).
- 02Rent for his 2BHK apartment in Gurgaon is ₹18,000 ($216 USD).
- 03He allocates ₹20,000 ($240 USD) monthly to Systematic Investment Plans (SIPs).
- 04The cost of a recent trip was ₹30,000 ($360 USD).
- 05Many viewers resonated with his experience, reflecting similar financial challenges in other urban areas.
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Shivank Goel, a 25-year-old product manager based in Gurgaon, Haryana, India, recently shared his monthly expenses on Instagram, totaling ₹90,000 ($1,080 USD). His breakdown reveals that he pays ₹18,000 ($216 USD) for rent on a 2BHK apartment, along with ₹2,000 ($24 USD) for house help and ₹1,000 ($12 USD) for electricity. Goel spends ₹3,000 ($36 USD) on subscriptions and phone bills, while commuting and food costs him nothing as he relies on office meals and cabs. He also invests ₹20,000 ($240 USD) in Systematic Investment Plans (SIPs) to manage his savings. A recent trip cost him ₹30,000 ($360 USD), adding to his monthly expenses, along with ₹10,000 ($120 USD) for miscellaneous items like laundry and shopping. His post resonated with many viewers, with comments reflecting similar financial experiences in other urban centers like Bangalore. The post highlights the financial pressures young professionals face in India's cities, even without extravagant lifestyles.
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The financial breakdown illustrates the cost of living challenges faced by young professionals in urban India, highlighting the need for better financial planning and awareness.
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