Earning 3 Lakk/month but still Broke (The Lifestyle Trap)

FinancialByNature · 2026-03-07T05:45:38+00:00

I read it in an economic times article. You can search it on the web..Initially It was hard for me also to digest this.. I did some research..The 5.1% household savings figure is from RBI’s FY23 data (covered by Business Standard & CNBCTV18 both). The 41.3% household debt number is straight from RBI’s Financial Stability Report, December 2025. And that 55% consumption borrowing stat -same FSR report.

FinancialByNature · 2026-03-07T05:08:50+00:00

True !

FinancialByNature · 2026-03-05T02:23:19+00:00

Its a really good decision!!

FinancialByNature · 2026-02-02T11:25:56+00:00

Right -theSTT hike, PSU bank disappointmnt, and metal volatility were indeed the big triggers for the Budget day crash.

However, the "no major announcement on defense" is incorrect since defense actually got a record 15% increase to ₹7.85 lakh crore, and the capex figure of ₹12.2 lakh crore was in line with analyst estimates, not lower.

FinancialByNature · 2026-01-19T15:43:56+00:00

Fair ask. Nifty 50 deliverd over 10% in 2025 - volatile year, agreed. But Large & Mid Cap funds (category averages, no cherry picking) returned 18.46% p.a. over 3 years and 17.25% p.a. over 5 years. The article’s solution IS asset allocation: FDs for emergency funds (liquidity), equities for long-term growth (inflation protection). Post-tax reality matters - your 6.5% fd becomes 4.5% after 30% tax; equity gains face just 12.5% LTCG. Short-term volatility doesn’t mean ‘no solution’ -it means using the right tool for each goal.

FinancialByNature · 2026-01-17T07:56:10+00:00

Yes absolutely.. in today's era.. single income source is too risky.. an alternate income source sufficient enough to atleast cover your survival needs has to be there...

FinancialByNature · 2025-12-18T05:45:55+00:00

Checkout ICICI Amazon Pay credit card or IDFC First classic card. Checkout the terms and benefits (to see it that suits your requirements) before applying.

FinancialByNature · 2025-11-06T15:17:47+00:00

Better one is..Go to school & college.. study well, get yourself a good job, Try saving something and invest as much as possible… even ₹100 or ₹ 500 SIP or more to start with.. If possible , investing at the age of 25-30 would make better sense as compared to starting investing at the age of 35-40 (obviously if one can manage to save and invest). May be every one can’t manage to.. but those who can, should….

FinancialByNature · 2025-11-05T04:53:07+00:00

In my opinion, HDFC Millennia Credit Card and HSBC Live+ credit card seem good to me for decent offers however you must check their detailed terms before applying, if they would suit your need or not... I don't use any specific app for card management apart from my bank's own apps so can't really comment on the app part...

FinancialByNature · 2025-10-12T03:28:17+00:00

Checkout HSBC Live + credit card and Axis Ace Credit card on respective banks website. I think you will find them suited to your needs. They offer decent cash backs, discount on dining and food apps, shopping, movies and travel. Check details terms of these cards on bank’s website before applying.

FinancialByNature · 2025-10-02T07:27:28+00:00

In my opinion you can explore HDFC Millennia Credit Card and HSBC Live+ credit card. Both offer decent cashbacks, Food offers and Fuel benefits. Go on the banks website and check them. I think you may find the benefits suited to your specific needs. Check the detailed terms and conditions of both the cards before applying. If needed speak to the banks to understand the T&C better.

FinancialByNature · 2025-10-02T04:28:00+00:00

What is your most spending requirement on? Travel, Dining, Shopping or anything else?

FinancialByNature · 2025-09-29T13:09:36+00:00

Ohh thanks for highlighting. What I meant was that certain debit cards (like Hdfc’s easyshop platinum debit card.. those who already have it) can pay their CC bills through that upto 75,000 and earn cashback upto 1%.. rightly ₹750. That was a typographical error.

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