Skip to main content

E for Enough

How much is enough? 

One of my favorite RJs on Radio, Aiyyo Shraddha picked up this topic a few weeks back and that really got me thinking. When would I say I have enough money and retire.

Here's what I am thinking:

Let's do the Basics first:
  1. Roti: Let's be honest. By roti, we mean eating out twice a week. Fancy gourmet place twice a month. The 1 mandatory insisting on "I will pay." with a random friend and actually ending up paying. This comes to around Rs 15,000. Plus contingency (I don't feel like cooking, did you also get a message about the Pizza Hut offer?) of Rs 5000. So, Rs 20,000.
  2. Kapda: Again. E-Commerce has entered our lives. Does not make sense to cut it down and act all conservative. Between Myntra's "You love yourself" sale, Jabong's "Don't tell me you haven't bought anything yet sale", we must account for atleast Rs 10,000. And you can't really walk by a good store without peaking in, just because you started cheating on them with e-commerce. So, Rs 5,000 there. And contingency (I am not in a good mood, you bought for Rs 10,000 - I need to catch up). So a total of Rs 20,000
  3. Makaan: I have no notions that I will ever buy a flat. That's too adult a thing for me to do. I am happy doling out my salary as rent to all you lucky flat owners out there. But since we are dreaming, let me be generous. Penthouse on rent in Koramangala. Not less than Rs 1 Lakh.
So, there. We need Rs 1,40,000 so far.

Now for the essentials. I mean, luxuries.
  1. Vacation: Obviously, I don't want to go abroad every month. Aircraft fuel is expensive. Two big trips an year costing around Rs 3 Lakhs each. One small trip every alternate month, costing Rs 10,000 each. So that comes to Rs 6.6 Lakhs an year or Rs 55,000 a month.
  2. Books: It doesn't matter whether or not we read them. Book collection is a sign of genius and we have no intention of backing out on that one. Also, one day, I plan to have a library. So, Rs 2000 per month for books.
  3. Gifts: The random gifts for people we love. Rs 3000 per month.
  4. Savings: Save around Rs 50,000 a month.

So, essentials come to approximately Rs 1.1 Lakhs.

In other words, I need Rs 2.5 Lakhs per month to be happy. Hmm.

I am a bit depressed right now. It seems like I am able to put an exact figure on what my happiness costs. Meaning, if tomorrow you come to me with a cheque of Rs 2.5 Lakhs (every month of course), I will just give up everything and be happy for ever.

This is a little bit scary. What's your figure? Am I in the average zone or is my happiness too cheap or too expensive?

Do let me know!

Thanks
Preeks


Comments

  1. Take a printout of this to your boss when you sit for your appraisal discussion. After he/she is done laughing, tell him/her that you're serious about your expectation.

    I sure hate Indian salaries.

    Cheers
    CRD

    P.S. - Struggling with my E post. Any suggestions for topics?

    ReplyDelete
    Replies
    1. Haha! :D
      Then I would be with a zero salary!

      Delete
  2. Very very close! The good part is, all the items are the same - I however added Zo's education costs, and my money for makaan went to EMIs (because I am SO grown up we bought a second apartment)but the net amount (EMI - rent from other place) is similar.
    I too want the amount but I don't want to work for it. Is there a manner that can happen?

    ReplyDelete
    Replies
    1. I am sure it can. Will take some figuring out! :D

      Delete
  3. that comes to roughly 2500pounds OH BOY I am so poooor , damn I dont earn that much even with overtime :( now i am sad.. I am definitely not in the right job damn damn damn...

    Bikram's

    ReplyDelete

Post a Comment

Popular posts from this blog

Letters to the Upparwalla!

(Wow! BlogAdda made my day! :) ) Prologue: I have been SO so SO so lazy, busy and blank, that I stopped writing posts altogether. But then, on reflection, I thought I owed this one to the unseen forces above. Hence, this post! LETTER #1 To The Gods Above, 1, "All Roads Lead to Heaven" Road, Heaven - 000000 15.06.2010 From Un Faithful Earthling Somewhere on Earth - Does the pin code matter? Sir/Ma'am, SUB: Complaint Regarding Services Rendered             This is to bring to your kind attention, the highly unsatisfactory services being rendered to me, not at all in keeping with the Contract signed during my release to the Earth. Further, I wish to register a complaint regarding the following key issues: Interaction With Irritating People : According to Clause 4 of my Contract which you have also signed, it was mutually agreed by both parties, that during my peaceful stay on Earth, my interaction with irritating peo...

The Truant Family!

The low hanging trees were always in demand. As Raji rushed for the nearest one, with her little brother in her tow, she cast a quick glance at the tree to survey the bounty. It was laden with fresh guavas, alright! Pumped, she put her foot on the lowest branch and pulled herself up. Raji had barely put her foot on the next branch, when she felt a tug on her skirt. Feeling a nudge of irritation, she peered down at her four year old brother. "What is it, Appu?" "Where's my guava?" he demanded. "Will you at least wait while I climb up?" She resumed her climb up carefully, so as not to tear her skirt. The trick was to choose the right branches.She had barely moved up one level, when she felt a tug again. She looked around for the nearest ripe guava and hurled it before Appu could speak.She heard his chuckles of delight as he dug into large juicy bites. That settled, she ensconced in a comfortable branch, and began her feast of the large, ripe guavas. S...

The Battle of the Cities

"Aasmaan Se Tapka, Khajoor Ke Ped Pe Latka" How else would explain my wonderful vacation, moving from one hothouse called Delhi to another called Hyderabad? To be fair, I never thought I was going to a hill-station or Switzerland. But a cooler Hyderabad would have been so much more fun! Cities have their own ways of growing on you. Or of not growing, but clawing at you. Either way, you cannot ignore some cities. Hyderabad is one of them. 20 years, and our love-hate match continues. Day 1 is always the day of the bungle before the war. I emerge from the airport, all optimistic, with brushed up Telugu skills and renewed love for the hometown. Half an hour later, on the top of the long snake-like flyover, enroute to the city, the anger begins to kick in. Conversations with drivers. That's when I realize the war is on. I speak my posh, broken Telugu, and the drivers, their rude, unbroken Telugu. At some point, I try putting up a white flag and shift to Hindi politely. To n...