r2i forum

how much do u need to earn/month to maintain a family in hyderabad?
2 kids, parents. factoring in their own house, schools, a car, servant to clean dishes and a dhobi.

i'm sure this is one of the first questions that go thru any R2I person.
pls. kindly share ur thoughts and estimates. there might've been some existing studies. if so, pls. post those links in here.

Rs. 10k to infinity

Its best to R2I after owning a house.

Assuming that -

2-3 Servants + driver -> Rs. 10K
School fees (intl school) -> Rs. 10K/kid
Misc. (excluding car payment) -> 20K
-----------------

Rs. 50K

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gowtham;21586how much do u need to earn/month to maintain a family in hyderabad?
2 kids, parents. factoring in their own house, schools, a car, servant to clean dishes and a dhobi.

i'm sure this is one of the first questions that go thru any R2I person.
pls. kindly share ur thoughts and estimates. there might've been some existing studies. if so, pls. post those links in here.[/quote]

I want to be realistic here.

Electicity Bill: 5,000 (common electrical applicances)
Phone Bill(Landline+Cell): 2,000
Car+Bike Petrol: 4,000 (Avg - including office commute)
Servants: 2,000
School Fees: 5,000 (per month per kid - Avg)
Regular Groceries: 5,000 (Avg)
Weekend Outings: 4,000 (Avg)
Water Bill: 1,000 (Avg)
Insurance Premiums like
Life, Home, Health, Car: 5,000 (Avg, but this varies per person)
Car Maintenance: 2,000 (Just to keep aside)

Total = Rs 35,000 + Rs 5,000 (Some extras) = Rs 40,000

If you do not own a house, add a 20,000 towards rent. If you own a house and still paying EMis by the time of R2I, you may add on Avg Rs 40,000 (or your actual EMI).

DesiChap;21593Its best to R2I after owning a house.

Assuming that -

2-3 Servants + driver -> Rs. 10K
School fees (intl school) -> Rs. 10K/kid
Misc. (excluding car payment) -> 20K
-----------------

Rs. 50K

------------------[/quote]

ur calc should be 40k + 5k misc. right? u've counted only 1 kid's school fee.
we should also expect an EMI for a car. avg 10k.
2k for servants seem lil less. cleaning dishes, sweeping floors, cleaning bathrooms, washing clothes and ironing!!

spradeep;22167I want to be realistic here.

Electicity Bill: 5,000 (common electrical applicances)
Phone Bill(Landline+Cell): 2,000
Car+Bike Petrol: 4,000 (Avg - including office commute)
Servants: 2,000
School Fees: 5,000 (per month per kid - Avg)
Regular Groceries: 5,000 (Avg)
Weekend Outings: 4,000 (Avg)
Water Bill: 1,000 (Avg)
Insurance Premiums like
Life, Home, Health, Car: 5,000 (Avg, but this varies per person)
Car Maintenance: 2,000 (Just to keep aside)

Total = Rs 35,000 + Rs 5,000 (Some extras) = Rs 40,000

If you do not own a house, add a 20,000 towards rent. If you own a house and still paying EMis by the time of R2I, you may add on Avg Rs 40,000 (or your actual EMI).[/quote]

I live in Hyderabad and below is my expenses:

EMI -18k
Car loan -10K
Maid - 1200Rs (all except washing clothes as I have Washing machine)
Driver - 4500Rs
Groceries - 5000Rs
Weekend exp- 4000-6000Rs
School Fees (2 Kid) - 7K (Oakridge and Kidszee)
Petrol Expenses + Car Maint- 5K
Misc expenses -3K

Total - 60K (Max)

gowtham;22179ur calc should be 40k + 5k misc. right? u've counted only 1 kid's school fee.
we should also expect an EMI for a car. avg 10k.
2k for servants seem lil less. cleaning dishes, sweeping floors, cleaning bathrooms, washing clothes and ironing!!

FTTHYB, can you also tell us how much you spend on eliectricity bills, Communication(home phone, cell phone, internet connection), any association fee(apartment or GC i.e if any).

Thanks!

FTTHYD;22277I live in Hyderabad and below is my expenses:

EMI -18k
Car loan -10K
Maid - 1200Rs (all except washing clothes as I have Washing machine)
Driver - 4500Rs
Groceries - 5000Rs
Weekend exp- 4000-6000Rs
School Fees (2 Kid) - 7K (Oakridge and Kidszee)
Petrol Expenses + Car Maint- 5K
Misc expenses -3K

Total - 60K (Max)[/quote]

Our expenses;

20K rent
12k car emi
4500 driver
6000 petrol
3000 maid
1500 electricity
4000 home/cell phones/internet
10000 grocery, milk, food from outside
15,000 two children in schools
4000 extra stuff

80,000 a month are our expenses.

Rati
Thanks!

That looks like a realistic breakdown.

At the risk of diverting the thread- I would like to ask a few questions..

Are the kids going to international schools?

Breakdown for the maids..do they do cooking also. Is it difficult to get maids in hyd, I heard that it is getting increasingly difficult to find good help in Blore. I am from Kerala and planning to move to hyd and I am terrified about domestic chores in India. It just feels like endless work esp if you want your house squeaky clean.

Thanks again!

how do u manage w/ 1 car? why do u need a driver if its only 1 car?

rati;22353Our expenses;

20K rent
12k car emi
4500 driver
6000 petrol
3000 maid
1500 electricity
4000 home/cell phones/internet
10000 grocery, milk, food from outside
15,000 two children in schools
4000 extra stuff

80,000 a month are our expenses.[/quote]