As a couple who earns a Fixed salary of 25 LPA + 25LPA = 50LPA doesn't translate into 3L per month. My wife and i put together pay around 10L Tax . And there is also PF that gets cut. In-hand is around only 2.9L types. The most important killer is tax as you start earning more.
I agree the statement of getting 3l in hand us farce. Tax and pf will easily chunk off 65-75k then pf another 15-18k that sets the in hand to around 2.1 to 2.3lkhs pm
Bro my father and mother both are govt officers and earning total 40 lpa . Still they get almost same in hand salary than yours . Because most of the tax is absorbed by PSU co. Itself And almost 35% of ctc which are perks , lease accommodation, free medical care,etc are tax free for employees .
I think the monthly expenditures are badly mis-tracked/reported.... what about Maid? Phone/Broadband/Dish/OTT/Electricity bills? Petrol/Cab? Meds/Supplements? Toiletries/detergents/make-up? I think easily 30%-40% expenditure is not counted through these items
I like watching the show to know how much people are making. For the most part it feels like a show to brag about how much one is making and less about investment and financial goals. I like it nevertheless
@@thedaydreamer6437 ye mota yahi kr rha h bhai.. In chutiyo ko dekh lo.. 3 lakh per month kama rha h per ghar dekho unka bc.. Our family income is not even 1 lakh per month but I am living better life than this stupid IT labours in Bangalore..
Please do a video on non traditional households,like siblings staying together or single parents living alone. Also, lets start thinking of wedding and marriage as a financial decision.
This guy geniunely knows what he is talking about. Especially his advice on NCD's. NCD are lowest order debt obligation's without any backing from any collateral. In case of the NCD issuer going bust you will loose the entire invested amount and the company will loose only their brand reputation. that's why NCD pay significantly highrer rate of return than Current market rate to offset the risk and attract investors.
Hey Anshuman, Why dont you do a series of where people are after 1 year of getting the advice on "Fix your finance" . This will give us a glimpse of whether people really follow advices or they also need other things e.g a regular mentor etc . Also how are they doing now in term sof finance improvement or decay etc ? I think this will be a great insight .Hope my message reaches you.
I understand marriage is big thing in Indian society but not spending huge amount and using some of that money for small vacation/ honey moon and investing the rest will be better decision
If you want to buy a car, buy through Commercial lease vehicle agreement with your company ( only certain higher bands people eligible). Here whatever EMI for car will be directly deducted from your salary which makes your taxable income less.. Buy I would say don't increase your lifestyle expenses proportional to your growth in salary.. Salary can not grow forever. Their is certain phase of your life when you get stagnates. Once you increase your lifestyle by increasing expenses then it is very difficult to adjust back to past lifestyle for bad situation. So increase the lifestyle in conservative manner....
I didn't save or invest money at the initial years. I travelled a lot, bought a house of my own. At the time of marriage, since I didn't save money for the wedding, and it was Covid time, I went for a simple one without taking help from anyone and fixed it under 50k.I know, I earn less and have started investing only four years back, while I am in 10 th year of my job, still I have no regret. You don't need to be a conjus in daily expenses like this couple does to save money for one beautiful yet simple day of your life. Moreover, I shall not have kid, so, I don't need to save money for their future too. So, little investment, more reading and travelling, a simple house of my own and car is enough for a comfortable life.
This is a philosophical question - What is the purpose of life. So, how you spend your life depends on how you answer that question. To me there is one purpose that nature had for me - procreate to keep the genetic link alive, and ensure the offsprint survives & thrives. The second purpose is not of nature, but of nurture - i.e. A purpose as told by parents and society - To do your best in life. i.e. Enjoy while contributing to society - by learning, working improving the overall standard of living - which may result in improvement of society in general. I guess most people thrive to do the 2nd, but many people now a days do not want to do the purpose nature had for us.. :)
Roti kapda makaan are the basic needs , youth today is not realising the importance of "makaan" they will but after crossing best years of their life. We r going towards a low interest (home rates) regime like in the US, Inflation is always gonna be there, real estate is also gonna sky rocket in coming 5 years. One can go for premium brands (godrej properties, lodha,etc) and start buying under construction properties, dont go for "bada" ghar buy according to ur capacity, use leverage from the bank to build multiple properties..
why people are so fascinated with marriage and its spendings, i know it sounds almost off the world to say marriage is about the two person not about feeding 1000 people, lala party.... it can be accomplished with only family and friends whom you are surrounded ... which is almost minimal...(frugally under 200thousand max) ... so I feel we practically dont need to plan for a financial steps for million rupee wedding 😅
They have just started making so much in the last one year. So they might not have enough savings to fund their entire wedding. Weddings are expensive in India bro
In relationship being on the same side of finance equation is very important, I am very frugal and minimalist thought finding a partner like me is next to impossible but by watching these 2 now i have hope.
A salary of 2.16k per month as a fresh grad converts to 1.62k in hand only. Would be better if you start asking the take home components too else all the math you’re doing makes no sense. PS: I know it’ll never be the same for everyone but it’s always better to have an idea.
When I used to live in Bangalore, I had a Nepali cook and he used to make very healthy food and it was so tasty. Just a random memory popped in my head.
Ahh this channel has been very helpful for me , im an undergraduate and this channel helps me understand a lot of things and make my plans for when i will be earning . Really grateful to anshuman and also featured people for setting example through which people like me learn . :)
I planned my marriage with 10 lakh with own saving tht too disciplined. For marriage you need to prepared financially far early so that you don’t have to take loan
What would @Anshuman recommend for the amount you receive from one of your parent retirement fund, where should you park the money so that you receive monthly regular income. Pls recommend some instrument for the same. Btw, loved the format of this show. I am looking forward to see such videos.
ur videos are nice - we learn so many things from this couple series - plz take interview of business couples too than only salary people - so we ca see complete different story of investing expenses
20k mein shopping, hang out and food. Too frugal wrt Banglore's life. Thoda toh enjoy krlo yaar life ko😅 I think they aren't counting other expenses like maid, petrol, travel, etc
@@anchiit bro even if they are working from home this isn't realistic as per my opinion. Big bazar ya koi bhi supermarket jao 1k-2k aise hi chala jata h. Banglore mein toh cab bhi 300-500 tk aata h.
What third party service do this couple use for creating a portfolio? I also have a similar family income (family of 2) can you please suggest any service.
recession s bchne ka sirf ek raasta h government job. i am 24 soon going to be group B officer in Central Secretariat Service. Yes package will be less including everything it will be 11lpa. it will grow by 4-5 k every year i know hike is not great but peace of mind is important
@@greeshmapillai4048 this can't be further from the truth, your basic needs/expenses are not going to increase as exponentially as your salary would, hence naturally your expenses as a percentage of income would come down over the years, this doesn't mean they are living frugally
I wish you guys would stay married for a lifetime, but it's also appropriate to have a prenuptial agreement. Jim Rohn had said, spend your money 70% Savings, 20% Investment, 10% Donation. Regarding buying property, go for it if you can afford it. Best of luck 🤞
They shall also start divorce funds individually. Start planning & preparing for your divorce even before you think of marriage. All the best to the couple.
Bro I have completed 1 year in IT industry and my package is 45 LPA , you people are making video as you this people achieve big milestone oor next year they become Ambani or Adani 🤣🤣
Bhaiya mjhe ek help chaiye, Mjhe PFcontribution nahi dena , 80c me vese hi ELSS acha lagta h best option h for saving tax Mai PF contribution kese band krau apna . Aur ek scene h thoda mere first job me basic salary 15k se kam thi to PF me Mera EPS ( employee pension scheme) bhi deduct hota h , and EPS me to interest bhi earn nahi krte 🥲🥲 Sochiye har mahine paise invest kree h eps me jisme kuch interest na mile for 30+ yrs , to bura lagta h EPS ko bhi band Krna h kese possible h Mene pata Kara to pata laga EPS to band nahi ho skta Pura PF band hoga tabhi EPS band hoga Aap mere scene pe ek video bnaiye kyuki kafi log h jo PF contribution krte h but after being finance savvy , vo Krna nahi chahte to kya kre vo ... Koi creator is topic ko cover nahi krte
As a couple who earns a Fixed salary of 25 LPA + 25LPA = 50LPA doesn't translate into 3L per month. My wife and i put together pay around 10L Tax . And there is also PF that gets cut. In-hand is around only 2.9L types. The most important killer is tax as you start earning more.
I agree the statement of getting 3l in hand us farce. Tax and pf will easily chunk off 65-75k then pf another 15-18k that sets the in hand to around 2.1 to 2.3lkhs pm
@@AmanSingh-cy6hw kaha se maths seekh ke aya h bhai tu
Bro my father and mother both are govt officers and earning total 40 lpa .
Still they get almost same in hand salary than yours .
Because most of the tax is absorbed by PSU co. Itself And almost 35% of ctc which are perks , lease accommodation, free medical care,etc are tax free for employees .
@@cpulse7873 😂
@@Learnsomethingnew3456 Sorry but 40Lpa ?😲 May i know in which department they're working if you don't mind ?
I think the monthly expenditures are badly mis-tracked/reported.... what about Maid? Phone/Broadband/Dish/OTT/Electricity bills? Petrol/Cab? Meds/Supplements? Toiletries/detergents/make-up? I think easily 30%-40% expenditure is not counted through these items
Amen
@@zforzebr4 chaomeen
I like watching the show to know how much people are making. For the most part it feels like a show to brag about how much one is making and less about investment and financial goals. I like it nevertheless
@@thedaydreamer6437 ye mota yahi kr rha h bhai..
In chutiyo ko dekh lo..
3 lakh per month kama rha h per ghar dekho unka bc..
Our family income is not even 1 lakh per month but I am living better life than this stupid IT labours in Bangalore..
yeah my first thought was if rent is 30k then every think is else is only under 20k. how?
Please do a video on non traditional households,like siblings staying together or single parents living alone. Also, lets start thinking of wedding and marriage as a financial decision.
This series reminds me of the series I used to watch of home makeovers in TLC channels 😊 except here it's about finances👍
Love this series . Make some variations with different professions. Maybe you can ask Tanmay out for an episode. Kudos again.
This guy geniunely knows what he is talking about. Especially his advice on NCD's. NCD are lowest order debt obligation's without any backing from any collateral. In case of the NCD issuer going bust you will loose the entire invested amount and the company will loose only their brand reputation. that's why NCD pay significantly highrer rate of return than Current market rate to offset the risk and attract investors.
No secured NCD's are backed. Even when DHFL busted the NCD holders got some money.
@@hahaheee7906 haan 1 lakh pe 5 hazar mila tha
Next episode should be of irresponsible bachelor , we don't need stories perfect people.
hahahahah I feel you 🤣
@@anshumanfinance we need stories of irresponsible couple too 😂
You said and it's become true and essense of fix your finance now everytime irresponsible engineerir come 😅
Hey Anshuman,
Why dont you do a series of where people are after 1 year of getting the advice on "Fix your finance" .
This will give us a glimpse of whether people really follow advices or they also need other things e.g a regular mentor etc .
Also how are they doing now in term sof finance improvement or decay etc ?
I think this will be a great insight .Hope my message reaches you.
This series is what we all needed so much ♥️♥️
no
This is an amazing format. Thanks Anshuman for bringing this format of videos. This deserve more view and more subscribers guys
Me watching with 3lpa
Waqt sabka badalta hai ;)
Me too 🤣🤣 just graduated in month of may.
@@deepanshukhatri7099 Konso field se ho?
@@deepanshukhatri7099 upskill karo khudko bro aram se ho jayega 🫡
Me watching at 2lpa
I understand marriage is big thing in Indian society but not spending huge amount and using some of that money for small vacation/ honey moon and investing the rest will be better decision
Really liked this type of finance content where you solve people's problems live.
This is the wonder couple of blore .Living in blore at 20k 😀 loved the cute explanation that they don't drink which cuts their expenses
HAHAHAHAH Cocktails are expensive in Bangalore
@@anshumanfinance OMR to the rescue
Love this new series Anshuman! Keep it up!✨
Title me Living on a 40L package to aise likha hai jaise 2 time ka khana bhi mushkil se manage hota hoga 40 lakh me 😂😂
💀😂😂😂
This series will be a great hit , Anshuman. Great going man !
I absolutely loved this. Very raw, very candid. Waiting for more such videos of such format
Another conservative investment one can do is in REIT's..which is one of the best options out there used by very few people but decisive people
Thankyou for creating this
Amazing concept man 🙌🙌
42 k ctc pe impossible to get more than 32 in hand, so pm is 2.6
This is something new on youtube i have seen in finance kudos bro loved the series
Quick suggestion for this couple - Stop using word 'like'.
loved the session, waiting for the next episode!
If you want to buy a car, buy through Commercial lease vehicle agreement with your company ( only certain higher bands people eligible). Here whatever EMI for car will be directly deducted from your salary which makes your taxable income less..
Buy I would say don't increase your lifestyle expenses proportional to your growth in salary..
Salary can not grow forever. Their is certain phase of your life when you get stagnates.
Once you increase your lifestyle by increasing expenses then it is very difficult to adjust back to past lifestyle for bad situation.
So increase the lifestyle in conservative manner....
Nice and unique concept...
I am a student right now (22), my goal is to call Anshuman home after 4-5 years
Bhai 25+17 mai take home monthly 3lakhs, tax nai dete kya?
Ek acha CA hire krdo
Unhone pura ctc nhi btaya bas takehome btaya hain jo unhone btaya hain that is already after all the deductions and taxes
@@samarthsharma4615 how tf they're getting paid so much at the age of 27. One could only wish to accomplish such a package.
@@Kkohli there are people making 50 lpa at 26
@@bindutiwari4263 Those are maybe 0.5% or even lesser.
heyy, just a very tiny suggestion, please lower the music volume as vishal was not too loud while speaking
I didn't save or invest money at the initial years. I travelled a lot, bought a house of my own. At the time of marriage, since I didn't save money for the wedding, and it was Covid time, I went for a simple one without taking help from anyone and fixed it under 50k.I know, I earn less and have started investing only four years back, while I am in 10 th year of my job, still I have no regret. You don't need to be a conjus in daily expenses like this couple does to save money for one beautiful yet simple day of your life. Moreover, I shall not have kid, so, I don't need to save money for their future too. So, little investment, more reading and travelling, a simple house of my own and car is enough for a comfortable life.
I agree ☝️
This is a philosophical question - What is the purpose of life. So, how you spend your life depends on how you answer that question. To me there is one purpose that nature had for me - procreate to keep the genetic link alive, and ensure the offsprint survives & thrives. The second purpose is not of nature, but of nurture - i.e. A purpose as told by parents and society - To do your best in life. i.e. Enjoy while contributing to society - by learning, working improving the overall standard of living - which may result in improvement of society in general. I guess most people thrive to do the 2nd, but many people now a days do not want to do the purpose nature had for us.. :)
not having kids whether of your own / adopted feels like running away from responsibilities.
Marriage should be a financial decision,if my parents pay for it ,good ,which i know they can't,else I am doing a court marriage.
Roti kapda makaan are the basic needs , youth today is not realising the importance of "makaan" they will but after crossing best years of their life.
We r going towards a low interest (home rates) regime like in the US, Inflation is always gonna be there, real estate is also gonna sky rocket in coming 5 years.
One can go for premium brands (godrej properties, lodha,etc) and start buying under construction properties, dont go for "bada" ghar buy according to ur capacity, use leverage from the bank to build multiple properties..
Wow what a great concept it is. 🥳🥳 Would like to watch more of such videos.
Bdw how's gym going bro 😄
really love this show `flex your finances`
why people are so fascinated with marriage and its spendings, i know it sounds almost off the world to say marriage is about the two person not about feeding 1000 people, lala party.... it can be accomplished with only family and friends whom you are surrounded ... which is almost minimal...(frugally under 200thousand max) ... so I feel we practically dont need to plan for a financial steps for million rupee wedding 😅
I love how goofy you are while talking about something so serious.
6 - 7L loan when savings are about 2.4 lpm. Am I missing something? 😕
😂
Maybe International destination wedding
Sab tax bachane ka tarika hai Babu Bhai 😁😁
Taja taja heavy salary pe lage hoenge na dono
They have just started making so much in the last one year. So they might not have enough savings to fund their entire wedding. Weddings are expensive in India bro
In relationship being on the same side of finance equation is very important, I am very frugal and minimalist thought finding a partner like me is next to impossible but by watching these 2 now i have hope.
A salary of 2.16k per month as a fresh grad converts to 1.62k in hand only. Would be better if you start asking the take home components too else all the math you’re doing makes no sense.
PS: I know it’ll never be the same for everyone but it’s always better to have an idea.
Good point he put .. can u afford 3x of same.. at same time without breaking the bank
Subscribed. looking forward to learn a lot.
They can save upto 10-12 months of salary and have an amazing wedding. I don't know where's the problem? Savings bhi toh hongi.
Looking forward to more such videos!
When I used to live in Bangalore, I had a Nepali cook and he used to make very healthy food and it was so tasty. Just a random memory popped in my head.
Ahh this channel has been very helpful for me , im an undergraduate and this channel helps me understand a lot of things and make my plans for when i will be earning . Really grateful to anshuman and also featured people for setting example through which people like me learn . :)
Bhai Anshuman.... Voluntary provident fund and EPS95 ke baare mein eek vedio banade dost...
please do not add background music 😢 while conversation
I planned my marriage with 10 lakh with own saving tht too disciplined. For marriage you need to prepared financially far early so that you don’t have to take loan
Remembered puskar sir's lines.If you cannot buy a product three times u cannot afford it.
2nd-Your expenses should not be more than 30%of your income.
Hey Anshuman, it would be great if you could do the entire video in English, since a small chunk of people like me doesn't understand Hindi!
Shutup
💯👍
Learn this is the opportunity
Just found this channel a couple of days back. Very unique
What would @Anshuman recommend for the amount you receive from one of your parent retirement fund, where should you park the money so that you receive monthly regular income. Pls recommend some instrument for the same. Btw, loved the format of this show. I am looking forward to see such videos.
Invest a chunk of the retirement corpus in real estate & rest you can plan for STP .
You can look for some pension plans, basic investing into index funds, look for tax free returns.
Series is great ,make vedios on different profession than it and diff ranve
Though I don't like to comment over financial matters but here I am tempted to do so. Stay disciplined with money.
ur videos are nice - we learn so many things from this couple series - plz take interview of business couples too than only salary people - so we ca see complete different story of investing expenses
@Anshuman Sharma Great episode and your energy next level. 👌👍
CTC not equal to Salary. Atleast that's what I knew
20k mein shopping, hang out and food. Too frugal wrt Banglore's life. Thoda toh enjoy krlo yaar life ko😅
I think they aren't counting other expenses like maid, petrol, travel, etc
Everything is included
Maybe both have WFH
@@anchiit bro even if they are working from home this isn't realistic as per my opinion. Big bazar ya koi bhi supermarket jao 1k-2k aise hi chala jata h. Banglore mein toh cab bhi 300-500 tk aata h.
@@anshumanfinance Next time thoda realistic lao na bro. If they are spending this less then inko kya hi advice chaiye rahega.
@@aytida2370 In your opinion what amount Per Month or PA is considered rich in city like Bangalore?
I guess this gonna be a great series
What third party service do this couple use for creating a portfolio?
I also have a similar family income (family of 2) can you please suggest any service.
What is IAS Akshat Jain doing here? 🤔
They are non official couple.. Still managed to see their dreams ahead..
recession s bchne ka sirf ek raasta h government job. i am 24 soon going to be group B officer in Central Secretariat Service. Yes package will be less including everything it will be 11lpa. it will grow by 4-5 k every year i know hike is not great but peace of mind is important
RBI grade b exam Diya tha kya , I am college students , i am confusing cat mba vs preparation for gov job like RBI grade b
RBI grade b exam Diya tha kya , I am college students , i am confusing cat mba vs preparation for gov job like RBI grade b
What did you suggest
Improve on audio quality bro. Its too low to hear it. Without headphones.
Fab series ♥️
This is what we call living life frugaly
How 50 k expenditure is frugal
Spending, as a percentage of their income, is very low. Rent itself is 30,000. They are indeed living frugally
@@greeshmapillai4048 this can't be further from the truth, your basic needs/expenses are not going to increase as exponentially as your salary would, hence naturally your expenses as a percentage of income would come down over the years, this doesn't mean they are living frugally
Bro our monthly income is 4 lakh rupees but our expenses are almost 3 lakhs on shopping food etc!
Thanks Anshuman!
Hi anshuman , your series are really good. How to get connect with you to get advise for my finances
Sorry but seems so scripted.
Need discussion on term insurance and life insurance other than what company provides.
Aside money the only thing she likes is the word like 😂
“I need not to take credit and it doesn’t hurt my bank balance”. WTF he just said😅
Desi CNBC make it. Yahi to chahiye thi. Thanks for making these videos.
40 lakh mere pure mohhele itna paisa Nehi hai, 30k for rent minimalist living achha joke hai 🤣🤣🤣
Exactly they can pay 30k rent , but grocery and food 10 K🙄 . 30k main thoda amount Mila do toh 1-2bhk sale bhi kar sakate hai.
Why did i feel this couple just wanted to show off their income and how good they are at saving 😅
I love this...need more engineer please also put their Linkedin link
Its all good but i am not sure if you are eligible to give financial advice to people. Are you SEBI Registered Adviser?
😂😂 nice joke
@@PradeepKumarIIITD What Joke?
@@PradeepKumarIIITD it's not a joke. He cannot legally give financial advice
I wish you guys would stay married for a lifetime, but it's also appropriate to have a prenuptial agreement.
Jim Rohn had said, spend your money 70% Savings, 20% Investment, 10% Donation. Regarding buying property, go for it if you can afford it. Best of luck 🤞
prenuptial agreement have no validity in India.
Wont hold in any court in case of any disputes.
Advising against term insurance 👍
They shall also start divorce funds individually.
Start planning & preparing for your divorce even before you think of marriage.
All the best to the couple.
😂
Ggs 😂
You must be unemployed nibba
I felt you are too much worried about future - relax guys just enjoy life as per the ball comes. "Live Today ❤️"
I got married in COVID in under 3 lacs and then went to honeymoon for 20 lacs. Priorities set straight!
Brother which place u visited for your honeymoon in 20 lacs budget because 20 lacs is a huge amount for just one trip
@@vinayaksharma1517 yeah would be interesting to know
किधर गया था भाई 20 लाख में 😂
@@trendinginbihar4605 चांद पे गया था शायद
@@ajinkya3780 🤣
Amazing bro
I liked this series, please do more offen like this.
Bro I have completed 1 year in IT industry and my package is 45 LPA , you people are making video as you this people achieve big milestone oor next year they become Ambani or Adani 🤣🤣
What is the base ?
Nonsense
45lpa it should have been 1cpa
45L package sometimes gives inhand of 1.4L per month afte tax
@@jaypalnitkar4400 whatever it is .. but all is mine baby .. what is wrong in paying tax ..?? Even stocks is also mine , and bonus is also mine ..
Bhai India mai kitne log 40Lac kamatha hai?
Toda 5 Lac walo ka bhi video bana
"Yeh scheme apke liye nahi hai" 🤣
So truee
Where was this channel until now?
Remove the soundtrack and boost the voice level please
That principle on 4.12 ✌️👍👍
Bhaiya mjhe ek help chaiye,
Mjhe PFcontribution nahi dena , 80c me vese hi ELSS acha lagta h best option h for saving tax
Mai PF contribution kese band krau apna .
Aur ek scene h thoda mere first job me basic salary 15k se kam thi to PF me Mera EPS ( employee pension scheme) bhi deduct hota h , and EPS me to interest bhi earn nahi krte 🥲🥲
Sochiye har mahine paise invest kree h eps me jisme kuch interest na mile for 30+ yrs , to bura lagta h
EPS ko bhi band Krna h kese possible h
Mene pata Kara to pata laga EPS to band nahi ho skta
Pura PF band hoga tabhi EPS band hoga
Aap mere scene pe ek video bnaiye kyuki kafi log h jo PF contribution krte h but after being finance savvy , vo Krna nahi chahte to kya kre vo ...
Koi creator is topic ko cover nahi krte
How to maintain and spend both husband and wife salary ?
Should we transfer to separate joint account or husband account and do spendings or how ?
You shd add gurugram’s planning on ur call
Why is the name plate inside house ???
She wanted a hug.... 😂
Also have a life, go out on a date, have a drink with your money also 😀
Tax ?
Hangout amount 10,000 ......mera dost call center m kaam krta uski salary 22 hazar hai. ........but hangout amount same hai uska bhi 😂
these guys dont really need help..they were here to flex their finances lol
So 😊 nice 😊😊😊