Mumbai student pays Rs 2.73 lakh engineering fees and invests Rs 40,000
A 21-year-old engineering student in Mumbai shared her October financial breakdown via a social media video.
A 21-year-old engineering student in Mumbai has shared a breakdown of her October expenses, which included paying Rs 2.73 lakh for her fourth-year college fees. According to reports by The Times of India and Moneycontrol, the student also invested Rs 40,000 through systematic investment plans (SIPs) during the same month.
The student explained that her father had paid her college fees during the first two years of her degree, but she decided to fund her own education after she started earning. Her October spending, excluding investments and unspecified travel costs, totalled approximately Rs 3.25 lakh. When the Rs 40,000 SIP is included, the total amount allocated rises to approximately Rs 3.65 lakh.
Her monthly commitments included paying Rs 23,000 in rent to her parents as she prepares to move out. Other expenses listed in her video included Rs 11,000 for groceries, Rs 9,300 for shopping, and Rs 2,700 for eating out. She also spent Rs 6,300 on digital subscriptions for services such as Claude, Meta, Spotify, Edit, and InShot.
The student noted that while investments are deducted from her account every month, they should not technically be considered expenses. Social media users responded to her video with praise for her financial independence and spending power.