A detailed breakdown of an investment banker's monthly expenses in Mumbai is gaining attention online, offering a glimpse into the realities of life in one of India's most expensive cities. The professional, who lives in Mumbai's upscale Worli neighbourhood, revealed spending around Rs 1.3 lakh every month on basic living expenses, and that does not include vacations.
The post has sparked conversations about the high cost of urban living, especially for professionals working demanding jobs in sectors such as investment banking.
A Rs 1.3 Lakh Monthly Budget in Mumbai
Sharing his expenses on social media, the investment banker explained how his monthly spending adds up while balancing a demanding work schedule.
According to the post, the largest expense is rent- Rs 60,000. "I live 5 mins from office. In IB, your time is your only asset. I don’t negotiate on commute." The banker highlighted that living close to work is not about luxury but about saving valuable time amid long working hours.
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Why Domestic Help Is ‘Non-Negotiable’
With investment banking often involving 80-hour workweeks, household chores take a back seat. "Non-negotiable. I’m not spending my 2 free hours making food and he spends Rs 5,000 on house help." The comment resonated with many professionals who rely on domestic help to manage their work-life balance in large cities.
Convenience Comes at a Cost
Instead of owning a car, the banker prefers ride-hailing services, so has to pay Rs 10,000 per month for his travelling expenses.
"No car. No parking headache. Pure convenience." The choice reflects a growing trend among urban professionals who prioritize convenience over vehicle ownership, particularly in congested metropolitan areas.
