The 50/30/20 Rule for Indians: Does This Budgeting Formula Actually Work Here?
In 2022, when I moved to Bangalore for a new job with a monthly take-home of ₹65,000, I tried to follow the 50/30/20 rule to the letter. My rent alone ₹22,000 for a 1BHK in a decent locality plus an ₹8,000 EMI on an old education loan already ate ₹30,000 of my supposed ₹32,500 “needs” … Read more