Despite having a good salary, many people struggle with financial pressure. One such case has come to light on Reddit, where a married couple in their 30s told that together they earn Rs 1.7 lakh every month, but at the end of the month they are left with only Rs 2,520. Due to heavy EMIs and daily expenses, they are worried about future savings, buying a house and planning for children. His post has now become a topic of discussion on social media.
In a post that went viral on Reddit, the couple told that it has been two years since their marriage. The monthly income of the husband is Rs 1.02 lakh and the income of the wife is Rs 68 thousand. The total earning of both is around Rs 1.7 lakh per month. However, despite this much income, they are not feeling financially secure. According to the couple, their biggest problem is huge debt. Every month he has to pay a total of Rs 85,980 as EMI. This includes personal loan, education loan, bike loan and mobile phone loan. Apart from this, about Rs 53,500 is spent every month on essential expenses like rent, maintenance, ration, travel, medical expenses and electricity and water. He has kept a separate budget of Rs 28,000 for personal needs, entertainment and family emergencies.
The couple is worried about the future
After all the expenses he is left with only Rs 2,520. The couple asked in the post how they should start saving for buying a house, planning for children, preparing an emergency fund and retirement. He said that the situation is expected to improve in the next two years, but at the moment he is mentally very tired.
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Different advice received on social media
After the post went viral, many users advised the couple to reduce their debt first. One user wrote that the real problem is not their expenses but their loans. It is advised that after the completion of the bike loan, one should try to repay the personal loan quickly with the amount saved.
At the same time, some people raised questions on the decision of taking loan for mobile phone. He said that the phone could have been purchased by reducing additional expenses for a few months. Overall, a debate broke out on social media about how wrong financial decisions, despite good earnings, can trap people in debt.
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