Viral Post 1 Lakh Salary is New 30000: Has the monthly salary of Rs 1 Lakh started falling now? Know the complete monthly budget and expenditure account of the middle class in the viral post of a Gurugram woman.
Instagram Viral Post: There was a time when a monthly salary of Rs 1 lakh was considered a symbol of financially strong status. But now rising inflation, expensive living in metro cities and the need to secure the future have started changing this thinking. Recently, a social media post by Gurugram resident CA Muskaan Mittal brought forward this issue, in which she told how even a monthly income of Rs 1 lakh gets completely divided between daily expenses, savings and investment.
This is how the monthly budget of Rs 1 lakh is distributed
According to the post, if a middle-class working person lives alone in a metro city, a large part of his income goes towards essential expenses. For example, about Rs 25 thousand can be spent on rent, Rs 10 thousand on food and ration, Rs 5 thousand on commuting expenses and about Rs 3 thousand on bills like electricity, internet and mobile. Apart from this, it has been said to keep aside Rs 5,000 for clothes and personal care, Rs 5,000 for eating out and entertainment, Rs 7,000 for medical, insurance and emergency needs and about Rs 5,000 for family support, gifts and other minor expenses.
Not just spending, saving and investment are also a big priority
The most important part of the post was that it gave equal importance to future financial security. In this, it was suggested to invest Rs 20 thousand every month in SIP and other investments and keep Rs 15 thousand for emergency fund or additional savings. That means a large part of the earnings also goes towards preparing for the future. The message of the post was clear that the objective is not to save every rupee, but to strike the right balance between the needs of the present and the financial security of the future. See viral post below-
People agreed on social media
After this post surfaced, many people on social media said it was related to their lives. Many users wrote that today a salary of Rs 1 lakh is no longer as big as it used to be. Some people questioned how low-income families would be able to balance when the budget of Rs 1 lakh is divided like this. Many responses also said that rising inflation, high rents and ever-increasing household expenses have made the financial challenges of the middle class more difficult than ever.
Pointing towards changing economic reality
Although every person’s expenses may vary according to his lifestyle, city and family responsibilities, this discussion definitely points out that having a good salary alone is not enough today. Proper budget planning, SIP investments, emergency funds and financial management have become more important than ever. This is the reason why in the era of rising inflation, people are paying more attention to increasing their income as well as managing their money in a better way.