most of the cost is incurred on the better education for the kids.we can cut the cost upon fruits and meat as mentioned by Inani Sarkar.And also if we have to live with an income of Rs 20000 we have to stop unnecessary shopping.
By
ravikant sharma, Service/Maintenance Supervisor, AIRCRAFT MAINTENANCE
| 08 20 2012 12:07:46 +0000
Depends on their expenses
By
Omkar Kulkarni, Accounts Officer, Minilec(India) Pvt Ltd
| 12 29 2011 13:47:53 +0000
I agree with Rashmi and Rajiv. Yes, it is possible to live and save !!
By
Suryanarayan Murthy, Free lancer
| 12 21 2011 09:59:12 +0000
Well, dear Inani Sarkar it depends, what kind of lifestyle you are used to. Petty shopkeeper, computer operator, typist, courier boy etc they earn around 5 to 15 thousand even in metro cities. They are also managing their affairs. Then why not any one earning Rs 20K per month. Its all in the mindset how you want live life. Definitely if you want to construct a palatial house, you may take years to accumulate that amount or to be frank its obviously impossible. However, if you want a two room home with basic amenities not in a plush colony, you can make it. Its all about how we want to manage our affairs...
By
Rajiv Azad (Thinks out of Box), Manager, Communications, Branding and Content Development , Leading Hyderabad based organization
| 12 21 2011 09:44:21 +0000
As far as income is concerned, I`d like to say that per- capita income is about Rs.5500, from this it can be concluded that a couple can live comfortably in Rs.11,000. Actually our needs are in accordance with our income. A family whose monthly income is Rs.1,00,000 have different type of requirement to that of those who use to earn Rs.10,000. As far as the cities like Mumbai and Bangalore is concerned there are many families in these cities whose monthly income is Rs.15,000 are leading a comfortable life. It is a very famous saying in hindi that paai eti pasaariye laambi jeti saur; it simply means our requirements should be in accordance of our affordability. If we desire for more we must not forget that even Rs.1,00,000 is not sufficient for even a single person, for a couple I don`t think there is a need to say anything.
By
Saquib Alam, B.A (sociology), BRA Bihar university
| 12 19 2011 13:15:59 +0000
Even one lakh is not enough for spend thrifts, Rs. 10,000/ is sufficient for someone. It depends on the life style we used to. Those who would like to live in the heart of any city, the amount is sufficient to pay the rent only. One can get residential accommodation that fits their pocket on the outskirts of any city.
By
Srinivas suravajhala, Asst. Manager.
| 12 19 2011 07:21:08 +0000
Hi again!
I posted last week asking advice about food and am really thankful for the replies.
Now I have another question! The people who I may be working for over in Delhi have got back to and my partner with wages.
They are offering accomodation (bedroom with bathroom attatched) and also as a couple they are paying approx. 20000 - 25000 rupees a month.
I have been to currency converter and see this is approx. £250 - £325.
Is this a good wage for a month in Delhi India? I am trying to work out costs of living, clothes, eating, drinking, etc.
Are we going to live pretty comfortably on this?
By
ravindra shrivastava, Information Systems(MIS)-Manager, iifs pvt ltd
| 03 24 2010 12:15:18 +0000
if ur house is own its possible.
By
Packiaraj Anthonyraj, Software Developer, Mediinfotec
| 03 06 2010 02:07:32 +0000
Oh .. realy a thought provoking question though ... ( elaborations r wanting ) !! If a renowned economic newspaper like EcoTimes has published a report like this, as reported by U, this may be correct. Ur life-style may be : plain living - high thinking ( India, China ) or : high living - plain thinking ( USA & Europe ). But, again, choice is yours. Only .. if U want to live HiFi, there may not be any limitations. One point : this may not mean that U might not ask your employer for a rise even your income is 20K or more. One question may haunt anybody here on TooStep : Is Rs 2,000=00 enough for a couple to live in any place in India ( most of our population has an income like that ) ?
By
ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India
| 02 19 2010 13:39:21 +0000
Swati I support you. For a normal couple 20,000 per month is more than enough to lead a healthy and happy life. Good example but usually only few people will do that. When the income is more the purchasing power will increases. But as of now I feel this is enough. :)
By
Esha Johar, Risk Analyst, Irevna
| 02 19 2010 08:29:13 +0000
Hello everybody....... I was thinking that it all depends on how many you are taking about in afamily if it is family of 2 it is more then sufficient ........
By
LEENA , DOMESTIC PACKAGES EXECUTIVE, TRAVELZONE
| 02 15 2010 06:05:23 +0000
Though it is a very subjective topic to debate as cost of living varies person to person as per life style. But still taking few assumptions, Mr. Wagle, an ideal middle aged men with Mrs. Wagle only having a parental property or living in a lower middle-class society driving Hamara Bajaj can survive. Provided medical cover is on employer and they do not have any other obligations.
By
Prassan Kumar Sharma, Content Writer and Domain Consultant, FREELANCER
| 02 13 2010 21:53:13 +0000
As Rashmi Patil said, one can manage basic needs of couples for their living cost in Major cities such as Mumbai,Bangalore,Delhi..Etc.This is true only when there are no dependents such as parents,brother or sister education or marriage,medical bills for oldage parents,relatives marriage functions etc. In addition purely couple if more than couple, I meant to say Kids who has education its tough, still manage depends on person to person by sacrificing ones need over priority of family.THERE is a single term LIVE LIFE SIMPLE i,e YOGI LIFE! he/she can manage.
By
Parvez Abdul Rauf, PROJECT CLOSEOUT INCHARGE
| 02 13 2010 19:38:31 +0000
Only if both of them earn 20K a month....
By
nirave rathod, trainee, ESSAR
| 02 13 2010 14:01:39 +0000
Yes I do agree that many families are there whose income line is less than 20k but it is not sufficient for one's need, expectations, upgrading the life style etc. Saving is also not possible with 20K, So I think to live very healthy live one's income should increase.
By
Seema , Partner/Principal/VP, Angel Associates
| 02 13 2010 10:25:32 +0000
Yes, Rs. 2000/- sufficient for necessities and for some comforts. Some comforts have to be compromised with this amount. But, a family can live with that amount.
By
Kumara Swamy, Project Associate, IIIT-H
| 02 13 2010 07:29:35 +0000
As long as one's income is just 20K , we will be forced to live within that ! Millions of Indians are doing it , in fact. But the article does not speak of the family having children. As long as the family size is 2 members , it is possible , even though one will have to do without a lot of luxuries. Once the family has a child , then expediture on clothes , toys , and medical care , and thereafter on schooling will make it impossible to live on just 20K. Even the house / flat of 1 BHK will be insufficient.
By
K. NARAYAN, None, None
| 02 13 2010 04:25:59 +0000
it depends on your standard of living.
By
vipin a r, QA/QC Engineer, Thai Jurong Engineering Ltd
| 02 13 2010 03:17:44 +0000
"No amount of money is enough for human to live" But I think in country like India there are many cities like Kolkata, Indore, Lucknow, Nagpur, etc;where you can find that married couple having children can easily live in the city with the income of Rs.20000. As we find that these cities are on there growing stage and many commercial and residential properties of big developers are making these cities a living heaven with ample amount of opportunities to live and earn. So if the funds are managed properly they can manage in Rs.20000.
By
Sharad Kiyal, Financial Planning Advisor, Aviva Life Insurance
| 02 12 2010 18:36:08 +0000
I think Rs20000 are enough for a couple for a month if they spend wisely. if you are staying in rented house you can take flat for Rs. 7000, monthly expense including food, transport, entertainment etc, 7-8k max to max. remaining 5-6k you can save. you must control on useless expense then you can happily survive.
By
swati , MBA/PGDM student, amity school of insurance and acturial science
| 02 12 2010 14:58:26 +0000
In a nutshell, if the couple believes the following financial equation, then it is possible or else not! INCOME-SAVINGS=EXPENSES
By
N M K D SARMA AMBATIPUDI, GM-MARKET DEVELOPMENT, DURON ENERGY PRIVATE LIMITED
| 02 12 2010 14:43:43 +0000
If you have your own house then it is possible to live in any cities. It depend on your lifestyle also.
By
Omkar Kulkarni, Accounts Officer, Minilec(India) Pvt Ltd
| 02 12 2010 14:23:31 +0000
Yes, it is possible to sustain with Rs 20,000 per month in any city in India. The opportunity of adjustments are there in every city depemding upon the attitude of the person and his lifstyle. Calcutta is city where even Rs 10,000/ will also suffice in a rented house. Mumai and Bangalore are costly comparatively but by negotiating places and distances from the city it is possible to fit into the budget. The choice for car or bike will aso enable for fine adjustments. Indians particularly housewives are well versed in manipulating the budget to fit in. The best way is to adjust with the allocated budget rather than to import a lyfestyle that cannot be sustained within the budget. Inflation and deflation continue coming but cutting the coat according to the cloth is the wisest strategy to lead a happy life. Microsoalar Brain
By
Kanti Mohan Pandit, CEO/MD/Director, Center- Business Intelligence & Forecasting Cal
| 02 12 2010 13:40:07 +0000
yes-it all depends on maintaining a standard of living
By
VINAY BUSHAN. S, Head/VP/GM-Accounts, SUNDHARAMS PVT LTD
| 02 12 2010 13:03:57 +0000
It all depends how much you save. After all if you know to save 1 in 100 you can save 1000 in 100000 and likewise. Saving does not come overnight, all you need is to inculcate the habit of saving.
By
KUMAR SAURABH JHA, HR Manager
| 02 12 2010 12:35:18 +0000
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Lets breakdown in simple terms: hose rent in a metropolitan city is rs 6000 to 8000 for a single bedroom house,electricity charges are around 1000 rs per month, milk is around 30*25=750 rs, vegetable 250 per week works out to be 1000, fruits 200 per week works out to be 800 per month,grocery works out to be 2500 to 3000 per family per month, gas= 1000 per month, non veg per week 300 *4 1200 per month,sundry expenditures on soap and oil worksout to be 600 to 800 per month, entertainment 2 movies costs 500 rs per month, fuel cost works per month would be 1000 per 2 wheeler. I think it is difficult to live under the present state with 20K .with the recession in and the money getting devalued it would be more difficult
By
Rajendran Mariagnanam Mariagnanam, Founder and managing partner, Braintrain consultancy services LLP
| 12 21 2011 12:32:40 +0000
All those in favour of YES , are not taking one basic fact into account. The question is not whether a family ( whether there are 2 members in it , or there are 10 is immaterial ) can live within Rs. 20,000 per month. The question should be whether a family can maintain its existing lifestyle , if its net monthly income suddenly becomes Rs. 20,000 ! The answer is obviously NO. The millions of poor people ( below the poverty line or above it ) obviously do not have a monthly income of Rs. 20,000. Yet , they manage to carry on their lives. Can a family whose lifestyle was on an income of Rs. 45,000 per month , now suddenly adjust to a monthly income of Rs. 20,000 ? What does everyone think ?
By
K. NARAYAN, None, None
| 12 20 2011 04:39:37 +0000
Na 20k is not at all sufficient to survive in any city in India. On top of that if they have a child then the situation becomes even worse. Cost of living, rent,Bills,Food,clothing,grocery,Medical Bills,schooling,transport,etc.etc.etc. the list never ends. On the 15th of every month the couple is left with nothing, Cant even think of Saving something out of it. By God's grace if some guests come to visit their house then the Credit Card helps but the next month becomes HELL :p So the people supporting this question in "YES" really need to give it a second thought.
By
Neha Kapoor Jagga, Process Executive, Genpact,Jaipur,IN.
| 12 18 2011 14:36:23 +0000
I would like to differ that 20K is not enough for couple to live in cities like Mumbai, Delhi, Bangalore where cost of living is very high in terms of rent, food, transportation etc. Also for the family planning purposes one can hardly save any money out of this for the future. Every one of us today is running towards an improved standard of living and education, so seems difficult with it.
By
Rajiv Shekhar Bhandari, Presales & Business Development (U.S.), Magic Software Pvt. Ltd.
| 03 24 2010 11:55:22 +0000
see,this is totally nonsense.whatever economic indicators say about standards of living they do so based on WPI inflation pattern.But the ultimate consumer consumes based on retailer's price.Economic Times perhaps does nt know how to calculate it as Sugar is at Rs32/kg,Apple at Rs45/kg etc etc (all these on WPI).But ultimate consumer pays Rs 46/kg for sugar,Rs 80-100/kg for apple.There are many other things to be considered too.I dont know how Economic times started to write such rubbish?
By
DEEPAK SHARMA, International IT and ITes sales,Business Acquisition, Account Management, Relationship Management, Safaltek Software Pvt. Ltd.
| 03 24 2010 11:47:52 +0000
Rentals, travel, INFLATION,.........everything is high..... Any amount is based on the lifestyle and comforts/luxuries the couple wants to have!!!!
By
Abhijeet Magdum, Business Analyst, ING Vysya Bank
| 03 10 2010 16:45:00 +0000
Its very difficult to stay in city like Mumbai with just Rs 20K, 20k will be exhaust by fulfilling your basic needs only. If you have your own house then you can fight hard to stay here. In Mumbai, minimum rental is around 4500/- for 160sq ft area, that means people staying on rent, have got just Rs. 15500/- to spend for other needs. And also for how long they will be stay as couple, they definitely have children in future then that earner has to think about saving.
By
Ravi Sahu, Sr. Media Research Analyst- Media, Audience Measurement & Analytics Pvt. Ltd
| 03 03 2010 12:12:06 +0000
Yea you are right it is possible only when they have their own house plus they don't have any dependent with them.
By
Nisar Ahmad, Manager buisness developement, IBall
| 03 03 2010 11:55:24 +0000
You are correct with the increase in the cost of real estate ,fuel ,electricity ,and normal foodgrains which is basic requirement of one's need it is just impossible to sustain with 20k
By
Nisar Ahmad, Manager buisness developement, IBall
| 03 03 2010 11:50:37 +0000
Great ! First of all such a genuine issue for all employees. Only adjustment here will work. But overall it is not living.........
By
Manish Grover, Account Manager , Impressico Business Solutions Pvt Ltd
| 02 17 2010 09:12:54 +0000
Not at all
By
DEVENDRA SHARMA, Project Manager, FOUR C PLUS
| 02 16 2010 04:53:49 +0000
Thanks to all for giving their views here, really got a good insight on this perspective, and yes if one is having a own house then yes one can manage but if one is living in a rented house then it becomes really difficult, I really feel sad as there are many who live on a monthly income of 2000, and here I am discussing whether we can live with 20k, I mean yes with some adjustments one can lead a decent life...thanks once again.
By
Inani Sarkar, Sales/BD Manager, Aricent
| 02 15 2010 12:51:35 +0000
The cost of living is depend on the way of living which defers person to person.If you have ur own house still u can manage somehow but ,with the rented house it is very hard to manage in 20k in city like bangalore Now a days Prise of every thing is touching the sky so it is almost impossible to manage with 20k.
By
yogeeta umesh datir, Environment Officer, GOPALAN ENTERPRISES
| 02 14 2010 07:03:04 +0000
no,It is not possible.
By
mbhingnekar , Head/VP/GM-Production/Manufacturing, mahagenco,maharashtra
| 02 13 2010 16:28:49 +0000
It’s all beggars’ choice!!! India is more famous for its Population, Poverty and Politics than to Development. Its easy to avoid / exclude something is your life then to get it with full efforts. You to follow the path of Gandhiji (Father of Nation). He used to assist people for simple lifestyle. But we (ALL) are following British / American culture (Including Language) Pls hypocrisy is not allowed in development. In India today’s scenario, the Inflation is coming up vigorously. Still we are silent. We are accepting whichever, whatever things done by ruling government / Influencing communities. Our living standards, cost of living, educational expenses, dependencies of equipments are increasing day by day. I’m not sure about Others (Living - Below Poverty Line or Billionaires) but rest of US (Middle Class) family have to sacrifices everything to survive with this much little cost. That would not be possible in long run…..
By
Harindra J Bhatt, Associated Financial Service Mngr, ICICI Prudential LIC
| 02 13 2010 09:26:19 +0000
Interesting topic even though I do not agree. For me its being put like a theory but practically other way round. One can live with 20k minus devoid many necessities. People are surviving with less 20k. I would like to hear more indetail break up wise.
By
Syed Fareh-uz Zaman, Causal Research Team Leader, Brooke-India
| 02 13 2010 08:56:46 +0000
I appreciate your topic but i do not think it is possible for a couple to confine themselves within just 20k per a month.Prices increases so highly in these days starting from fuel to mustard oil.Day by day demands of people are also getting high.So it is very difficult to survive with 20k in any city all over the country. Now a days minimum rent for a house is starting from 5k.Then you have to spend your money for food,clothes,entertainment etc.Keeping all these views in mind i think it is quite impossible to live with this amount.I am waiting for others view regarding this topic. Regards, Sumeet Biswal.
By
Sumeet Biswal, B.Tech/B.E. student, Veer Surendra Sai university of technology,Odisha
| 02 13 2010 07:58:16 +0000
Well, I somewhat disagree with the point that you can run a house with INR 20,000 with savings in delhi. Firstly we have to be very clear what type of household we are talking about here for example- standard of living of a person who works in a bank will not be similar to a person who is running his own shop and both of them can be earning the same income but in this case the banker will not be able to save anything as he will have to spend a lot more to maintain a certain standard whereas the shop owner will have a lot more comfortable life by his own standards. Als keeping in mind the article was published in economictimes.com I seriously don't think with the kind of readers they have, many of them would be able to sustain themselves with a family income of 20000 in delhi (leave aside a saving of 5000).
By
PABITRA SEN, BRANCH SALES MANAGER, AXIS BANK
| 02 12 2010 14:27:52 +0000
Nowadays 20K is not enough for guys to survive in city like Bangalore.
By
CareerGreet ,
| 02 12 2010 12:54:05 +0000
I agree with Kumar Saurabh Jha ONLY to some extent... but life is not so proportional you see... your expenses varies with the place you are in.. you can never standardise your expenses irrespective of the city.. yes, you can get an appropriate figure if you plan but my suggestion is take a note from day 1 stay in your city for 5/6 months... just check if that is same irrespective of the cities you have stayed.... well i am jotting all these from my personal experience... the readers are welcome to comment on it....
By
Kaustabh Basu, Consultant, Hewlett-Packard
| 02 12 2010 12:46:46 +0000
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