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Ramesh Kumar
Ramesh Kumar· 5 years ago
Simplifying learning through practical guides, educational resources, and easy-to-understand explanations.

How do you spend your monthly salary?

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To be honest, I try to divide it between necessities, future financial goals, personal enjoyment, and helping others.

The first thing I do is cover my essential expenses. These include rent, food, transportation, and other day-to-day necessities. I think it is important to take care of these basics before spending money anywhere else because they form the foundation of my monthly budget.

Once my essential expenses are covered, I look at my additional spending. This includes things like OTT subscriptions, gym fees, occasional outings, and other lifestyle expenses. I enjoy going out once in a while, and I do not mind spending on experiences that help me relax and enjoy life.

I also set aside some money for shopping. Whether it is clothing, footwear, accessories, or something useful I need, I like having a separate budget for those purchases rather than spending impulsively.

Another area that is important to me is investing. Currently, I have three SIPs, and I try to contribute to them regularly. I see investments as a way of preparing for the future rather than focusing only on the present. Even small, consistent investments can add up over time.

Apart from spending and investing, I also like to save a portion of my salary for charity. I sometimes contribute to an orphanage, and honestly, it is one of the most satisfying uses of money for me. Knowing that even a small contribution can help someone else makes me feel genuinely happy.

Of course, I do not make my budget so strict that I cannot enjoy small things. I always try to leave some room for those unexpected cravings, whether it is a late-night bowl of Maggi, an ice cream order, or one of those random Blinkit or Amazon purchases that somehow end up in the cart.

So, if I had to summarize it, I would say I try to balance my salary between necessities, investments, personal enjoyment, and giving back to others. That approach helps me enjoy the present while still planning for the future.

Must Read: What was your initial salary & what is it now?

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Tara Verma
Tara Verma
Managing money with purpose, planning, and practicality
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Tara Verma is a practising teacher and education content writer with over 10 years of classroom experience across primary and secondary levels. She holds a Master's degree in Education (M.Ed.) from Delhi University and a Bachelor of Education (B.Ed.) from Jamia Millia Islamia — qualifications that ground her writing in both pedagogical theory and the day-to-day realities of teaching in India. Her content covers exam preparation strategies, learning methodologies, curriculum guidance, student mental health, career counselling for students, and the evolving state of school and higher education in India. Her work has appeared on platforms including TeacherVision India, Jagran Josh, and Careers360, where she writes for students, parents, and fellow educators who need content built on actual teaching experience — not theory alone. Over a decade of working directly with students across age groups and learning levels has given Tara a practical understanding of how education content should be written — clearly, accessibly, and with genuine awareness of the challenges students and teachers face on the ground. She has taught 1,000+ students, contributed to school curriculum development initiatives, and published 250+ articles on education across digital platforms. She is an active member of the National Council of Teachers of English (NCTE) India. Across all her writing, every recommendation is classroom-tested, every insight comes from direct teaching experience, and every article is held to the same standard she applies in her own classroom — accuracy, clarity, and genuine usefulness for the reader.

Answered on06/12/26
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Monthly salary comes and goes within a few days for many.Its not a joke but a fact of modern life.Because its the lifestyle of the city that is repsonsible for this salary drain.For a middle class person life and all expenses depend on the monthly salary.I am no different, pandemic and the recession have had a bad effect on the financial state.I wish i could save a part of my income but paying of loans and other liablilties takes away a part of the salary.Saving should be done on a monthly basis.Thats what i am looking forward to do.

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bindu thekutte
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Answered on08/13/21
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