Archive · 22 Jul 2026
Techie Earns Rs 2 Lakh Monthly but Drowns in Debt
A 27-year-old techie earns Rs 2 lakh every month but is drowning in debt.
He and his wife moved to a new city, which cost a lot of money.
His wife lost her job, so now they only have one income.
He has loans from a relative and credit cards, and he has no savings.
People on the internet are giving him advice on how to manage his money better.
They say he should pay off his most expensive loans first, stop using credit cards, and save money for emergencies.
A techie earns Rs 2 lakh monthly but is drowning in debt.
Debt increased after moving to a new city and wife losing her job.
Paying Rs 25,000 monthly for a Rs 20 lakh loan from a relative.
Credit card EMIs total Rs 30,000 monthly, ending in two months.
No emergency fund; seeks advice on financial recovery.
- Who
- A 27-year-old techie and his wife
- What
- Struggling with debt despite a high monthly income
- When
- Debt increased in the last year after moving to a new city and wife losing her job
- Where
- Another city (not specified)
- Why
- Unavoidable family commitments, setting up a new home, and loss of wife's job
Financial Advisors
Techie's Situation
Debt Management
Financial Advisors
Consolidate debts, prioritize high-interest loans, cut unnecessary expenses, and build an emergency fund.
Techie's Situation
Struggling with multiple debts, including a Rs 20 lakh loan from a relative and credit card EMIs, with no emergency fund.
Income Management
Financial Advisors
Encourage dual income and strict budgeting to manage expenses.
Techie's Situation
Currently managing on a single income after wife lost her job, with significant monthly expenses.
- Monthly Income
- Rs 2 lakh
- Total Debt
- Rs 20 lakh (relative) + Rs 2.2 lakh (mutual funds) + credit card EMIs
- Monthly Expenses
- Rs 25,000 (personal loan EMI) + Rs 30,000 (credit card EMIs)
- Savings
- Zero rupees
- Emergency Fund
- None