The first step to making more money 

Lovely! What a great way to engage with youngsters about something that matters to them!

Hey guys, I am here from 2028 Madhur and riya are now settled together. Riya got a huge hike whereas madhur lost the earlier job because important meeting ke din pulsar kharaab ho gyi. Now they are waiting for tanmay to make a budget for them as a whole so that they can plan their future accordingly. Also, upen succumbed to steroids overdose

One thing which has really helped me is to have a fixed monthly budget and then divide that with 30 days and give myself a daily allowance. Agar allowance ke upar gaya to next din starve, neeche gaya to kabhi aage jaake reward yourself. It works wonders honestly! I started off by budgeting everything as Tanmay mentioned and in 2 years I was able to get better at allowing myself to spend, responsibly. Regardless, taking your budget one day at a time works wonders!

EMI trap is very real. For example you can hardly afford a 15k smartphone but end up buying a 70k phone going for no cost EMI offers. It took me 2 years to realise that I was spending 30-40% of my salary to pay EMIs. Then it took me 4 more years to get out of that trap completely.

No one in the world has combined finance with comedy

You missed out on a few things on the budget which i've mostly considered : -medical bills ( if a person is living in the city, they need medicines and at least quarterly medical checkups) - a lot of people go for therapy, so at least 2k a month goes behind therapy or spa or any sort of body and mind maintenance - public transport and uber combined minimum 5k a month, cz even if you have a car/bike, no one drives it while going for drinking - electric bill -if somebody is living with their parents, at times they support their parents medical expenditures too. - if we really want to save money, the best practice is to create RD's. So that even if you're know you're not saving much at the back of your head, you know that there is a fixed amount of money that is getting saved in a piggy bank within your bank account, which you can access 6 months later. ( secret: this is how i afford my plane tickets to go back to my hometown)

Let's take a moment to appreciate what he's doing just to educate people with whatever knowledge he has..!!

My budget Salary - 10k/month Rent- 5500/- Recharge- 400/- Kirana - 2000/- That's it.

Tanmay the content you are serving on this channel is one of its kind,Very unique and Learning,keep going

Meanwhile I live in Ahmedabad, earn 70k and save 50k flat after all the expenses he mentioned :D Now I realize how cheap Ahmedabad really is!

Not all IT sector people earn 70k p.m. many start from 20-25k also. Plus staying with parents makes a huge difference. I'm living alone in mumbai paying 28k rent. Its a major expenditure but it's my choice and i have such liberty 😅

Replacing my name with Riya, feeling personally attacked with that Graphic Designer salary :P

Make a budget for students with pocket money travelling by train and want to save and living with parents, in hostel and living with room mates

I think there is some problem with the tax deduction method you used there. If he gets ₹70K/Mo (After deductions like PF, EPF, etc.), it turns out to be ₹840K/Year of in hand salary. If he opts for the new Taxation scheme, that is, Upto ₹5 Lakh - NIL ₹ 5 Lakh - ₹ 7.5 Lakh - 10% ₹ 7.5 lakh - ₹ 10 Lakh - 15% For ₹ 8 Lakh 40 K, So the net income tax turns to be = NIL(5Lakh) + 10% (₹7.5L - ₹5L) + 15% (₹8.4L - ₹7.5L) = ₹ 38,500 per Annum After 4% Cess (Tax on Tax) = ₹38,500 + 4% (₹ 38,500) = ₹ 40,040 per Annum So the net Tax/Month = ₹40,040/ 12 = ₹3,336 = ₹ 3500 (Roughly) So, he is left with ₹70K - ₹3500 = ₹66500/Month (After Taxation) Post Deducting the Living Necessity = ₹ 66500 - 27000 = ₹ 39500 Post deductions of Luxury wants = ₹ 39500 - 15000 = ₹ 24500 So basically he is left with ₹24500 as his savings. Let me know if I’ve made any mistakes.

Another thing that I still do with my budgeting exercise is first save and then work backwards to my expenses. This helps in having targeted savings each month and not just a random amount of ‘jitna is mahine bach gaya’

Haha! I’m that Riya 😂 that example was so relatable.

Tanmay, it feels super awkward to say this, but You're a genius. Honestly.

Maqsood bhai tum bahot aacha kaam karta hai apun ko tumko thankyou bolne ka hai ... Ek jhaapii

epic advice: salary doesn't matter, what you save matters.

Bro 70k per month for a IT fresher is just similar to a new guy at the comedy store opening for Dave Chappelle at Madison Square garden!!! Adjust for beraham duniya

70k it me kam se kam 3 to 4 years experience chahiye starting me 10k hi milate hai max logo ko 😂😂

1:16 I literally watched this scene 20 times 🤣

Bro everything is good but How to earn money 🤷‍♂️

11:11 "Salary does not matter, what you save matters" This makes a lot of difference, specially cause people think they earn too little to save or that the amounts they save are inconsequential. Saving is a habit. When you get your appraisals and earn more, through the years, you will save more and more every year!

Bro don't underestimate Zomato expenses 😂

Great work Tanmay. You are truly working for the youth of the society. Your efforts will make our generation strong. You are even better than teacher. Salute💪

I really would like to appreciate the things ur doing to educate us...

I wonder how these people are managing without cooking gas and electricity.

clearly tanmay doesn' t know how much graphic designers and IT people really earn. common man, 20-25000 is starting wo bhi luck se!

After listen this word budgeting I just realise to revise my costing chapter of my CA course 😊😊😊😊 thankyou

30- 35 thousand for a designer that to fresher :D me who started at 12k now 15k

I spend 50% salary (take home) on paying home loan (started 6 months ago, should have got possession by now, but thanks to lockdown, it's delayed.) 25% of my salary goes for my room rent. Remaining 25% is what I pay for maid, groceries, bills, etc. I don't have money left for things i want. :(

Great reference for the uninitiated. Some feedback: I think more salary brackets (preferably 5) would have given a clearer picture. And getting in one person each from the same salary bracket, or who has earned the same bracket will give better visibility into specific expenditure points. Edit: Absolutely not a troll. Honest feedback from my side. This is a fantastic initiative by him and told in a uncomplicated way to reach a lot more people. * applause in normal sized palms *

This is such a fun series. I'm hoping this leads into some interactive ways of what can be doing with savings - through trading and investments. Few things i'd also bucket into budgeting expenses: - Holidays/traveling - Art/Passion related expense (Buying a camera, musical equipment) - Students with big loans (education or house loans and not just a bike/phone loans) - Also how this factors for young families (Someone who's 30-32 and married and is just about to have a kid) And this might just be a future corporate plug (for a splitwise or similar companies) - but maintaining a budget regularly as opposed to doing it one at a time. How do you get better at this? How do we make this a habit? Cheers and look forward to following this entire series!

Already watched the episode when you added it in playlist as Final cut, it was a great one! Love you Tanmay bhai

Thank you tanmay you have increased my knowledge and made my future self better By the way love your sense of humor

Yaar ye TCS walon ko bhi consider kar lete....madhur jitna mahine ka tax bharta hai wo unki starting ki salary hai... Please consider me I mean them..

This shows how far away you're from the real world. Average monthly salary for an IT guy is 70k. This is too much even for a joke. And when he is already spending 250+300 monthly on his phone. What would he do with internet? Why do you forget that calls are free and whatever he is paying is for internet. And if you're just talking about budgeting here than I think if a person is earning 25k a month than He is just surviving. People are even working for 12k a month. They pay their rent and eat chole kulche near their office in the afternoon and for supper they just eat a thali somewhere or cook anything which can just fill them up.

I first thought tanmay can only do backhodi but now I came to now that he can do backhodi with knowledge. 😁😂😁

Who cannot ignore his palms after getting conscious about it

The way to become rich is to do 4 things. 1. Have multiple sources of income - Buy dividend paying stocks 2. Own other people's debt and not be in debt yourself - Buy bonds (ie owning other's debt), pay your loans and credit cards bills in full 3. Use the power of compounding interst - Invest in long term FDs which add the the interest payments back into the principal 4. Pay less in taxes - Register a business in your name and buy yourself stuff showing it as business expense. Find yourself an honest CA and register an OPC in your name. Everything else, like equity stocks, crypto, real estate, is more or less gambling.

Thanks for FINANCIAL ADVICE which is really necessary for teenagers like me!!!! 👍

I will forever be in your DEBT for making this!

Although Covd-19 has put a halt to this but our generation is obsessed with travelling and it's something that ideally needs to be budgeted for. Besides I think if you are young/just starting out there is always some kind of education expenses either as repayment of loan or budgeting /spending for higher studies (MBA/CFA etc.) or certification courses just to improve professional skills. When it comes to women they end up spending a lot on clothes (formal attire or party) an personal care/grooming stuff as living in the city does require to living up with the lifestyle. Finally in my opinion those people who are in relationship or dating then toh bichare extra spending karte hai than singles 😂😅 and it's almost a crime to be in love relationships!

school and colleges never taught us this! learn it today!

THANKS FOR USING YOUR REACH RIGHT AND TALKING ABOUT MONEY TO YOUR AUDIENCE THAT'S ACTUALLY THE YOUTH OF THE COUNTRY

Need to add one highly important and missed out expense while budgeting... SENDING SUPER CHAT. (Especially if you are sending to Honestly channel during joke writing sessions)

Thanks a lot 🙏for attaching the sheet, I have been thinking of making the budget plan for a week now. And the image of blank excel staring at me, just made me procrastinate more. Now done in 5 min 😀

This is giving me anxiety

Finally koi aadmi jo itni important chiz pe baat kar raha hai. Love you bhai.

Tanmay: Speaking wise things. Me: Tanmay's keyboard is so trippy.

While calculating net income, they just reduced the income by 25% whereas income tax is calculated by using slabs. So, the first 5 lakhs, there's no tax, after that, the balance income will be taxable as per the bracket.

AIB: Tanmay 1st channel: Tanmay 2nd channel:paisa he paisa hoga

Can you make a episode on early retirement. Like how much money is enough to go for early retirement. (A number would be great to know) How to plan it. So a considerably good (not very lavish also not very broke but a decent lifestyle) can be achieved after retirement. what investments are best to walk on this path. Also what would be a decent age for early retirement. I like your videos. you are very nice as a person.

70k??? For an IT guy??? Wtfff!!!!!

bottom of my heart thank you. its good at least some one who has a fan following as you is taking this initiative to help fellow indian's

Is it me or did they forget to factor in food as part of the expenses for the first and the third person? groceries and foods are daily essentials.

Another thing that helps me immensely is the Recurring Deposits. So once ive set it slightly ahead of the day i get my salary, it automatically removes money from my account thereby never giving me the chance to assume that i have a lot. A simple device which keeps piling on and keeps hatching eggs, slowly albeit surely

The tie size is equal to tanmay’s palm 🤓

Thanks a lot Tanmay bhai, love your money and budgeting series. This is a revolution man. I have been working for 2 years and was not saving after looking at your videos I have 2 MFs now, and now have budgeted and Need/Wants in my google sheet. Love you Bhai.

Tanmay's content is always different, amazing and definitely something that you can learn from. You're an amazing personality tanmay, keep growing, this is just the beginning ♥️

Loved this initiative. Young minds needs to hear this from some cool influential person so they can follow it.

BHAI MEDICAL EXPENSES

Great work!!!!! 👏👏👏👏 This is the kind of content we want more on RU-vid...

thank you so much Tanmay Bhat, its sooooo helpful ,literally tears in my eyes that someones talking about this topic and helping people out .great job ,looking forward for more of these 👍❤️

Thanks Tanmay Bhai ! Very good and motivated .

12pm is too late re bro. 6 am sleep time 2 pm wake up time. see u at 3 pm to watch this vlog bro.

Beautiful session, u can add House maintainence, gas, Shopping , electricity bill, insurances

When you’ve been catfished so hard by adulthood that a comedian has started teaching you *finance*.The entire generation relates

Okay. So this is the kind of content i subscribed for. 👏👏 Bravo Tanmay

I want to search for that small town boy madhur who is earning 70000 and it's average

Thank you so much for doing this. I have massive anxiety with money. This series has helped a lot.

Mechanical engineers Ka budget bana(avg 15k salary) 😢

I love how this is so informative and entertainment at the same time

I feel like their expenses r too high like they r wasting money on Netflix and all (pirated mil hi jaata h ) also buying a bike in start is not a wise decision like from this small small things can get a hefty amount of savings

This is a unique concept. I loved it. So informative.

First step to make more money. 1 step - Rob a Bank😁

thanks buddy i really needed this !

My budget: Income- 100,000 After Tax- 75,000 Need - 5,000 Want - 1,000 Miscellaneous - 69,000

Hi Tanmay, thanks for this initiative to create the spreadsheet. For someone who is a salaried employee, could you please include following as well ? 1. TDS 2. Include various other Monthly Savings Schemes like FD, NPS etc. 3. Doctor and medical expenditures 4. If a person is taking some kind of training on some subject, that expenditure Observation : Online Groceries has been entered twice. Was that purposeful?

Stop It With Those Extra Hand Gestures PALM FLASHING especially 🤣🤣🤣🤣🤣😂😂🤣🤣🤣🤣

Money now is like good people ... difficult to find..... think before u spend.

This Is The Type Of Content I Pay My Internet Bill For

Tanmay bhai ek no. Content hai bro i get to learn so much 👏

Damn that expression at 1:57 😂❤️

2:11 To quote a great man, "sakhti"😂

Bring kunal Shah - BEST PERSON EVER... philosophy + Intelligence.

Hard-work and experience u have , we definitely like to hear from u about life

Bruh, but he does have huge palms.

1:21 finally i know the use of green screen in background

Tanmay's main income source: Kidnapping families and then letting them free for money. 🤣🤣🤣

Thanks for doing this Tanmay! Really appreciate it!

350 dislikes from graphic designers.

Thank you Tanmay! Happy to see you doing these.

"bai ka paisa kharcha karega, khud khana nhi banata" NRI audience: Am I a joke to you?

Also our friend circle plays a vital role in investment/budgeting. Innke chaakar me paiso ka hisab hi nhi rehta.

IT engineer starting salary is 22-25k in hand, all freshers from TCS Infy Accenture Amdocs Lnt will agree. 7OK IT engineer gets after one or may be 2 switch and then he gets married. Budget Hil gaya!

Nice and neat Excel graphs. All must work on their analytical skills. Excel is a good start. Try PowerBi, Tableau, etc.

I left tanmay bhat to watch tanmay bhat. Only notification squad will get it.

Tanmay bhai this is very informative.. Now i also think of making my budget..