Archive · 24 Jul 2026
IT Professional Living Paycheque to Paycheque Despite High Salary
A 27-year-old IT professional earns Rs 2 lakh a month but is living paycheque to paycheque due to several major life events.
He got married, supported his family, and relocated to a new city with his wife.
They had to set up a new home, and his wife lost her job, leaving them with a single income.
He has taken loans totaling Rs 22.2 lakh and has no savings.
He is seeking advice on how to manage his debt and rebuild his finances over the next few years.
A 27-year-old IT professional earns Rs 2 lakh a month but is living paycheque to paycheque.
He has taken loans totaling Rs 22.2 lakh due to marriage, family support, and relocation.
His wife lost her job, leaving them with a single income.
He is paying Rs 50,000 monthly towards loans and has no emergency fund.
He is seeking advice on managing debt and rebuilding finances.
- Who
- A 27-year-old married IT professional
- What
- Living paycheque to paycheque despite a high salary
- When
- Recent events over the past eight or nine months
- Where
- Relocated to a new city
- Why
- Due to multiple financial pressures including marriage, family support, and job loss
Financial Responsibility
Life Circumstances
Debt Accumulation
Financial Responsibility
The IT professional should have avoided taking on multiple loans and credit card debt.
Life Circumstances
Unexpected life events and financial pressures made it difficult to avoid borrowing.
Budgeting and Planning
Financial Responsibility
Better budgeting and financial planning could have prevented the current situation.
Life Circumstances
Major life events like marriage, relocation, and job loss made it challenging to plan finances effectively.
- Monthly Salary
- Rs 2 Lakh
- Total Debt
- Rs 22.2 Lakh
- Monthly Loan Repayments
- Rs 50,000
- Credit Card EMIs
- Rs 30,000 (ending in 2 months)
- Mutual Funds Pledged
- Rs 6 Lakh
- Emergency Fund
- None