There’s a price for staying at the Silicon Valley of India. That price can sometimes be more than a lefty salary. An X post on a high-earning Bengaluru based couple living from paycheck to paycheck even after earning Rs 70 lakh per year (combined) in Bengaluru, has gone viral on the microblogging platform.
The wife is the Vice President at a private bank. The husband is a senior developer at an MNC. Despite each bringing home Rs 4.1 lakh per month, their financial health is far from stable.
The post delved into their expenses in great depth. “Home loan EMI: ₹1.7L. Car loan: ₹65,000. School fees: ₹50,000. Domestic help: ₹15,000. Groceries + utilities: ₹25,000. Left: ₹55,000…” the user wrote.
Despite earning big, the pair has zero retirement fund, no emergency savings. Despite being in an enviable position salary wise, they are living from paycheck to paycheck.
And unlike many couples who live extravagantly, the pair is not financially stable due to excessive expenses, but due to the high cost-of-living in Bengaluru.
“Not because they are bad with money. Because the city ate them alive…” the user concluded at the end of the post.
Netizens React
Many X users called out the couple in the story for not being astute with their finances. One pointed out that the figures being mentioned pointed out to them splurging on luxuries rather than basic comfort. They explained that spending ₹65,000 every month on a car loan seems excessively high, and a home loan EMI of ₹1.7 lakh would likely correspond to a property worth well above ₹3 crore, especially if an initial down payment of at least 10% was made. Presenting such expenses as standard living costs creates a misleading picture and does not accurately represent the average person’s reality.
Another comment read: “Why do they need such an expensive car and house?
They can rent a similar house for much less money, right?..”
The wife is the Vice President at a private bank. The husband is a senior developer at an MNC. Despite each bringing home Rs 4.1 lakh per month, their financial health is far from stable.
The post delved into their expenses in great depth. “Home loan EMI: ₹1.7L. Car loan: ₹65,000. School fees: ₹50,000. Domestic help: ₹15,000. Groceries + utilities: ₹25,000. Left: ₹55,000…” the user wrote.
Despite earning big, the pair has zero retirement fund, no emergency savings. Despite being in an enviable position salary wise, they are living from paycheck to paycheck.
And unlike many couples who live extravagantly, the pair is not financially stable due to excessive expenses, but due to the high cost-of-living in Bengaluru.
“Not because they are bad with money. Because the city ate them alive…” the user concluded at the end of the post.
Netizens React
Many X users called out the couple in the story for not being astute with their finances. One pointed out that the figures being mentioned pointed out to them splurging on luxuries rather than basic comfort. They explained that spending ₹65,000 every month on a car loan seems excessively high, and a home loan EMI of ₹1.7 lakh would likely correspond to a property worth well above ₹3 crore, especially if an initial down payment of at least 10% was made. Presenting such expenses as standard living costs creates a misleading picture and does not accurately represent the average person’s reality.Another comment read: “Why do they need such an expensive car and house?
They can rent a similar house for much less money, right?..”
