Frugality emphasized for Bengaluru engineers struggling financially

A billionaire in India has raised concerns about financial stability in urban life after a tech worker in Bengaluru shared his struggles. Dr. A Velumani, the founder of Thyrocare, highlighted that even with a salary of ₹1.5 lakh per month, the engineer faced financial challenges due to the high cost of living in the city. Dr. Velumani stressed the importance of being frugal. He argued that success should not be measured solely by earnings, but by how little one needs to live comfortably. This message resonated on social media, where many discussed what financial security looks like. Some users pointed out that true success lies in building a fulfilling life, rather than just accumulating wealth. Many online commentators noted the steep costs in Bengaluru. High rents, expensive education, and daily living expenses can make it hard for anyone to save money. Some argued that a salary of ₹1.5 lakh is not enough to live comfortably in the city, with one user highlighting that even basic housing can cost a large part of that salary. In a reflective post on Reddit, an engineer discussed his financial worries despite earning a good salary. He explained that his income was not enough to provide a sense of security. If he lost his job, he feared his savings would quickly run out. His story echoed a common struggle among urban residents who work hard but still feel financially insecure. The tech worker shared feelings of anxiety caused by the pressures of urban life. Many people work tirelessly to meet rising costs, yet worries about job loss and the need for constant upskilling add to their stress. This fast-paced environment often leaves little room for financial planning or saving. His post sparked a broad discussion among professionals facing similar challenges. It served as a reminder that financial well-being depends on both earnings and the ability to save and prepare for unexpected difficulties. In bustling cities like Bengaluru, many people find that financial stability remains out of reach despite high incomes.