Got my first salary and I'm afraid (3.5lpa)
Long time lurker and first time poster,
So i received my first salary of 23k yesterday. I am confused and afraid about how am i going fo manage "everything" in this.
Here are breakdown of everything:
Fix expenses:
- Rent = 5500
- SIP (3 sips) = 5000
- fd for emergency= 2000
- bike (this expense is only for 2 months) = 3500
Variable expenses:
- food = 2500-3000
- fuel = 1000-1500
- cigs = 2000~
So now im remaining with 7000 (not including variable expenses)and after next month I'll be remaining with 9000 (i plan on increasing emergency as well)
So i wanted some suggestions if this breakdown is good or should i change anything?