A Mumbai-based entrepreneur has broken down her ₹ 52,000 monthly expenses, saying that rent is not even the scariest part. The 25-year-old founder shared an Instagram video yesterday where she broke down her ₹ 52,000 monthly expenses, which does not even include shopping or eating out. Jahnvi Shah begs to differ While most people complain about the high rental prices in Mumbai.
The founder of marketing agency Buzzified explained that she shares a 3BHK with two other people. At last comes her biggest expense, one that almost rivals rent. “Expensive? Yes. Worth the independence?
Her share of the rent is a surprisingly modest ₹ 16,500 for use of the master bedroom. “I live in a 3 BHK with two other people, so there are three of us sharing the apartment. I have the master bedroom, and my share of the rent is around 16,500,” she said. Shah rents her furniture from Furlenco, which costs around ₹ 2,700 per month. She also budgets between ₹ 8,000 to 10,000 for groceries and other miscellaneous purchases on Blinkit, Zomato etc. The Mumbai-based founder added that commuting for work costs her around ₹ 5,000 to 6,000 per month. The entrepreneur revealed that she pays ₹ 12,000 every month as EMI for her iPhone. Also yes,” she wrote. (Also read: Bengaluru techie couple breaks down ₹ 1.7 lakh monthly expenses: ‘ ₹ 60,000 rent, ₹ 75,000 travel’ )
Shah said that her fixed monthly expenses therefore add up to ₹ 52,000 — and this number does not even include savings or shopping.
“These are my major monthly expenses as a 25-year-old founder living in Mumbai , and no, rent is not even the scary part,” Shah said in her Instagram video. “Groceries, Blinkit, Zomato together usually comes to around 8 to 10k, depending on how responsible I was that month, which is unpredictable,” she said. “Then there is commute between traveling for work, meetings, and just existing in Mumbai—that’s around 5,000 to 6,000 every month.” (Also read: 25-year-old breaks down her ₹ 27,000 monthly budget while living in Gurgaon ) For utilities like electricity, WiFi bill and domestic help, Shah pays another ₹ 3,500 per month. “And then comes to my favorite financial decision, which is my iPhone EMI—that is around 12,000 every month,” she said. “Then there are those tiny automatic deductions that don’t feel expensive individually, like Apple iCloud, Google Drive storage, subscription apps—until you add them all, it comes around 1,500 every month,” she said. “So before I even talk about savings, SIP, shopping, going out, travel, or unexpected expenses, my regular monthly spending is already roughly around 52k,” the 25-year-old said. she also said it’s worth it for the independence she gets While she acknowledged that life in Mumbai is expensive.
