We are a 1 daughter, one grandparent household. We live in a Tier 2 city. After noting down ALL our expenses for the past 4 months, this is what we got:
Monthly Expenses(some quarterly and annual expenses are divided to get this)-
FOOD: 31,000 (includes groceries+takeout+dining out)
Petrol: 13,000 (2 petrol cars)
Maids: 9,000 (one cook, one cleaning, one gardner/handiman, one nanny)
Daughter School++ : 11,000(school related everything)
Medicines/health reports : 9,000 (mom has psychiatric issues+ supplements etc etc)
Insurance: 4,000(Health, car, life)
Gifts: 2,400(birthday gifts and sweets for friends and family)
Groceries: 2,000(soaps coffee filter cellotape etc)
Electricity: 3,500
Clothes: 1,500 (excluding school uniform)
Phone bill: 900
Entertainment:700(netflix+++)
Gas: 400
Internet:400 (broadband)
Rent:0 (we own our house)
EMI: 0 (no loans)
Then we are estimating the following:
Travel: 16,000 (2,00,000 worth of travel throughout the year)
Repairs: 3,000 (car service, repair and maintenance at home etc)
Party: 5,000 (birthday parties and other occasions)
Others: 1,000
Total Rs.1,10,000/-
I was shocked to see the Food expense as 8k per person. It feels very high.
Could the wise readers of Reddit let us know if this looks okay?
EDIT: our take home income is about ₹1,30,000. So we are not in the red.
Edit : Vadodara, Gujarat
Monthly Expenses(some quarterly and annual expenses are divided to get this)-
FOOD: 31,000 (includes groceries+takeout+dining out)
Petrol: 13,000 (2 petrol cars)
Maids: 9,000 (one cook, one cleaning, one gardner/handiman, one nanny)
Daughter School++ : 11,000(school related everything)
Medicines/health reports : 9,000 (mom has psychiatric issues+ supplements etc etc)
Insurance: 4,000(Health, car, life)
Gifts: 2,400(birthday gifts and sweets for friends and family)
Groceries: 2,000(soaps coffee filter cellotape etc)
Electricity: 3,500
Clothes: 1,500 (excluding school uniform)
Phone bill: 900
Entertainment:700(netflix+++)
Gas: 400
Internet:400 (broadband)
Rent:0 (we own our house)
EMI: 0 (no loans)
Then we are estimating the following:
Travel: 16,000 (2,00,000 worth of travel throughout the year)
Repairs: 3,000 (car service, repair and maintenance at home etc)
Party: 5,000 (birthday parties and other occasions)
Others: 1,000
Total Rs.1,10,000/-
I was shocked to see the Food expense as 8k per person. It feels very high.
Could the wise readers of Reddit let us know if this looks okay?
EDIT: our take home income is about ₹1,30,000. So we are not in the red.
Edit : Vadodara, Gujarat