Finance1 min read

Mumbai's 21-year-old spends Rs 3.25 lakh, pays own fees and invests Rs 40,000

By · Via Times of India · Published by Everything Blog

In short

The student documented that her single largest cost was a one-time college tuition payment of Rs 2.73 lakh. Her monthly living costs also included Rs 23,000 paid as rent to her parents to prepare for moving out, alongside groceries and digital tools. Furthermore, she channeled Rs 40,000 into systematic investment plans, driving her total monthly allocation to roughly Rs 3.65 lakh excluding travel. Online viewers commended her ability to cover her education while managing investments and lifestyle expenses.

Key points

  • The 21-year-old student achieved financial independence by taking over her college tuitio…: The 21-year-old student achieved financial independence by taking over her college tuition payments once she began earning.
  • Paying rent directly to her parents served as a structured financial step to prepare for…: Paying rent directly to her parents served as a structured financial step to prepare for eventually moving out.
  • Social media commentators widely praised her budgeting balance between mandatory educatio…: Social media commentators widely praised her budgeting balance between mandatory educational expenses, digital software, and disciplined investments.

Sources checked by our analysis pipeline: 1

At 21, many college students are still figuring out how to manage their monthly pocket money. But a young woman from Mumbai has taken on a much bigger financial responsibility: paying her own engineering college fees while managing rent, groceries, shopping and investments.

The fourth-year engineering student recently shared a breakdown of her October spending in a social media video, offering a glimpse into how she manages her money. What caught people's attention was not just the amount she spent, but the fact that she decided to pay her own college fees after her father supported her education during the initial years.

Her October financial breakdown included a major one-time payment of Rs 2.73 lakh towards her engineering education. Alongside this, she continued to invest Rs 40,000 through systematic investment plans (SIPs), even while handling several other expenses.

From father's support to paying her own engineering fees

The biggest entry in her October expense list was her fourth-year engineering college fee of Rs 2,73,000. She explained that her father had taken care of her college fees during the first two…

Finance