Can you really live a comfortable life in Delhi on ₹70,000 a month? One Delhi-based couple says, “Yes!” Their story has gone viral after they shared their detailed monthly budget on Reddit, showcasing how they thrive in one of India’s most expensive cities while spending far less than many would expect. Their budget-conscious lifestyle has sparked debates online about privilege, frugal living, and financial planning. Here, we break down their lifestyle, expenses, and the key takeaways for anyone looking to live well on a budget.
The Couple’s Lifestyle at a Glance
The couple comprises a freelance content strategist and a full-time employee. They live in a rented 2BHK DDA flat in South Delhi. While their shared monthly income amounts to ₹70,000, the household expenses are managed through strategic budgeting and prioritization. Here’s what sets their lifestyle apart:
- No Loans or EMIs: Neither owns a car nor luxury gadgets. They also avoid living on credit cards.
- Balanced Spending: They focus on necessities like rent, groceries, and healthcare, while keeping discretionary expenses controlled.
- Affordable Choices: From their home to their pets, their decisions reflect a thoughtful balance between comfort and economy.
Breakdown of Monthly Expenses
Here’s a closer look at their budget:
- Rent: ₹24,000 (Their biggest expense and a significant share of the budget)
- Rented Furniture: ₹5,000
- Groceries, Cook & Housekeeping: ₹20,000
- Utilities & Subscriptions: ₹5,000
- Eating Out, Shopping & Miscellaneous Expenses: ₹10,000
Despite having occasional medical expenses for their three pets, they manage to keep the costs within this budget. They do not currently allocate money for holidays but plan to save for domestic travel and nearby Asian countries in the future.
Key Lessons from Their Strategy
1. Keeping Fixed Costs Low
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- By choosing a 2BHK in South Delhi and renting furniture, the couple limits housing-related expenses while maintaining comfort.
- They avoid car ownership and rely on local travel options to save money on fuel and maintenance.
2. Minimizing Luxury Spending
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- No high-end gadgets, fancy club memberships, or impulsive purchases. They prioritize functionality and utility in their purchases, such as a ₹9,000 phone that has lasted over five years.
3. Focus on Health and Convenience
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- With part of their budget allocated to a cook and groceries, they ensure healthy eating while saving time. This reflects a meaningful investment in well-being.
4. Debt-Free Living
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- With no outstanding loans or credit card usage, they eliminate any interest payments, allowing them to focus on essential and discretionary spending.
5. Financial Planning for the Future
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- While they currently lack emergency funds, they are mindful of building one and are committed to enhancing their overall financial safety net over time.
The Debate Around Privilege and Affordability
The couple’s post has divided opinions online. On the one hand, many users have applauded their disciplined approach and grounded lifestyle. On the other hand, some highlighted their privilege, including benefits like no personal loans, a stable household income, and rent-free living with family in earlier years.
“Living on ₹70,000 is fine if you don’t have unforeseen emergencies,” one commenter pointed out, emphasizing the importance of contingency funds. Others mentioned societal factors, noting that family support or inherited assets can make a critical difference in financial management.
Practical Takeaways for Aspiring Budgeters
If you’re inspired to explore a more cost-effective lifestyle while maintaining comfort, here are some actionable insights:
- Track and Optimize Expenses: Start by analyzing your current spending habits and identifying areas for cuts.
- Prioritize Essential Spending: Focus on rent, groceries, and utilities while curbing unnecessary luxury purchases.
- Go Debt-Free: Avoid high-interest debts, such as credit cards or personal loans, to minimize financial strain.
- Build an Emergency Fund: Allocate a portion of your income to a savings account to cover unpredictable expenses.
- Live Below Your Means: Adopt a conscious spending mindset to ensure your expenses stay well within your income bracket.
Gratitude and Frugality in Financial Planning
Perhaps the most heartwarming takeaway from the couple’s story is their gratitude. Instead of chasing lifestyle inflation or flashy spending, they’ve found happiness and contentment within their means. One Reddit user summed it up perfectly, “It’s time to stop chasing what we don’t have and enjoy the little things instead.”
Despite the debates surrounding privilege and income disparity, this story stands as a testament to the potential of financial mindfulness. Whether you’re earning ₹70,000 or ₹7,00,000, strategic planning and intentional choices can help you create a fulfilling life.
FAQs: Frequently Asked Questions
1. Is ₹70,000 enough to live comfortably in Delhi?
A. Yes, ₹70,000 can be enough to live comfortably in Delhi if you have a well-planned budget. By prioritizing needs, optimizing expenses, and making conscious financial choices, it is possible to maintain a good quality of life.
2. What are some ways to save money while living in Delhi?
A. To save money in Delhi, you can focus on cooking at home, using public transportation, cutting down on unnecessary expenses, and planning your shopping around discounts and sales.
3. Can this budget accommodate entertainment and leisure activities?
A. Yes, the budget can include leisure activities. It depends on how you allocate your expenses. Opt for cost-effective entertainment options and prioritize your preferences to strike a balance between needs and wants.
4. Is ₹70,000 enough for a family with children in Delhi?
A. For a family with children, ₹70,000 may require stricter budgeting, particularly for education and childcare expenses. However, with financial discipline and smart spending, it can be managed.
5. What should I prioritize when planning a budget for Delhi?
A. When planning a budget for Delhi, prioritize essential expenses such as rent, utilities, groceries, and transportation. Allocate funds for savings and then consider discretionary spending for dining out, entertainment, or other interests.
6. How does location in Delhi affect expenses?
A. Expenses in Delhi can vary significantly depending on the area you choose to live in. Central and South Delhi tend to be more expensive, whereas areas in the outskirts often offer more affordable rent and living costs.
Final Thoughts
Living comfortably on ₹70,000 in Delhi isn’t necessarily about earning less or sacrificing happiness. It’s about making thoughtful decisions that align with your priorities and long-term goals. This Delhi couple’s story reminds us that financial stability is achievable, even in the face of modern challenges like rising living costs.
Take a moment to evaluate your own financial habits and consider how you can apply their lessons to your life. After all, budgeting isn’t just about cutting costs; it’s about investing in a lifestyle that brings you joy, peace, and security.
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