Video summary

đź’¸ Expenses of Living in Bangalore as a 24-Year-Old | Real Monthly Budget Breakdown 2026 | Salary đź’¸

Main summary

Key takeaways

Finance

Finance-Focused Monthly Breakdown (Bengaluru)

The speaker shares his personal monthly cost of living in Bengaluru, focusing on how expenses are allocated across basic living costs, lifestyle spending, debt payments (EMIs), and investing through SIPs. The discussion is budgeting-oriented rather than market/portfolio construction.

Housing, Utilities, and Household

  • Rent: â‚ą17,000/month for a 1 BHK shared with a roommate/cousin (2 people)

  • Initial move-in/setup (one-time): â‚ą20,000–₹25,000 Semi-furnished; includes items like bed/cupboard and kitchen setup.

  • Maid + cook: â‚ą7,000/month Cooks 3 meals; cleaning on alternate days.

  • Electricity: â‚ą1,200–₹1,300/month Note: roommate “does it wrong,” implying variability.

  • Wi‑Fi + mobile recharges: â‚ą800–₹900/month (speaker’s personal Wi‑Fi + recharges)

  • Net “basic” living floor (as stated): â‚ą15,000–₹16,000/month (rent + maid/cook + electricity + Wi‑Fi/recharges etc., as described)

Food / Groceries

  • Groceries: â‚ą5,000/month total (â‚ą2,500/person)

Lifestyle / Variable Spending

  • Shopping: â‚ą5,000–₹6,000/month
  • Entertainment / eating out / movies / clubbing / trips (lumped): ~â‚ą10,000/month
  • Entertainment + food out + shopping total (stated): ~â‚ą15,000/month (described as an “approximately” bucket)

Transport

  • Bike petrol cost: â‚ą3,000/month
  • The speaker mentions petrol price increases as a reason expenses may rise over time (no exact rate provided).

Debt, Credit Cards, and Investing

EMIs (debt payments)

  • Bike EMI + personal loan EMI combined: ~â‚ą25,000/month

SIP investing

  • SIPs total: ~â‚ą15,000/month

Credit card bills

  • Usually does not exceed â‚ą25,000/month, but can rise due to:
    • “accidents” (unexpected expenses),
    • heavy spending,
    • travel.
  • The allocation is described somewhat inconsistently, because credit card bills are referenced multiple times with differing framing.

Monthly Totals (as Described)

The speaker gives an approximate monthly structure culminating in:

  • â‚ą55,000–₹60,000/month into “all these expenses” (rent/basic + bills + EMI/credit card bucket + entertainment/shopping bucket; exact overlap varies in the narration)

He also mentions a rough calculation path:

  • â‚ą15,000 toward “rent and basic expenses”
  • â‚ą25,000 EMI
  • â‚ą15,000 bills/entertainment/shopping
  • Groceries and petrol are also mentioned separately, so totals can vary.

Savings and Recommendations (General)

  • The speaker emphasizes that with income growth, the standard of living increases, but he still maintains savings.
  • Advice is framed around:
    • “Taking out major expenses”, including trips (treated as ongoing)
    • Budgeting so you still invest / maintain SIPs and savings
  • No specific investing strategy beyond maintaining SIPs/savings is provided.

Methodology / Framework Mentioned

No formal investing/valuation/portfolio-construction methodology is given. The only framework is personal budgeting, separating spending into:

  • Fixed housing + household costs
  • Utilities and basic bills
  • Groceries
  • Lifestyle/entertainment/shopping
  • Transport (petrol)
  • Debt payments (EMIs)
  • Investing (SIPs)
  • Credit card spending (variable)

Key Numbers & Time Context (Explicit)

  • Time context: living in the area for 5 years
  • SIPs: â‚ą15,000/month
  • Rent: â‚ą17,000/month (shared 1 BHK)
  • Initial setup: â‚ą20,000–₹25,000 (one-time)
  • Maid + cook: â‚ą7,000/month
  • Electricity: â‚ą1,200–₹1,300/month
  • Wi‑Fi + recharge: â‚ą800–₹900/month
  • Groceries: â‚ą5,000/month
  • Shopping: â‚ą5,000–₹6,000/month
  • Entertainment / food out / movies/clubbing/trips bucket: ~â‚ą10,000/month, then grouped to ~â‚ą15,000/month combined
  • EMIs (bike + personal loan): ~â‚ą25,000/month
  • Petrol: â‚ą3,000/month
  • Approx total expenses: â‚ą55,000–₹60,000/month (stated)

Additional (mentioned but context varies):

  • Internship stipend range (low): â‚ą15,000–₹20,000
  • A claim of “staying here for â‚ą10,000” earlier
  • PG cost: â‚ą10,000+
  • “₹12,000 including food and drinks for both meals” (as claimed)

Tickers / Assets / Instruments

  • SIPs are mentioned, but no specific tickers, ETFs, mutual funds, bonds, or sectors are named.
  • Debt is referenced generally via bike EMI and a personal loan (no lender or interest rate details).

Disclosures / Disclaimers

  • The subtitles include a general channel-style disclaimer about providing “genuine advice/suggestions.”
  • There is no explicit legal-style financial disclaimer (e.g., “not financial advice”) included in the provided text.

Presenter / Source

  • Single presenter: the YouTuber/speaker (name not stated in the subtitles).

Original video