Can a 25 year old earn 10 million/month to live in Hanoi?
How income is enough to live in big cities is probably a difficult question for young people, especially new graduates. Recently, there is a controversial topic “Is 25 years old with an income of 10 million/month enough to live in Hanoi?”.
To understand this issue better, let’s meet two young people who have just turned 25 years old to share this story:
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Financial life when living with parents and living away from home is completely different
Financial problems will become different when we live with our parents and have to rent a house. Spending numbers differ, financial focus also tilts in different directions.
For example, my friend Quynh Chi, is living alone and renting a house in Hanoi. Because she is alone, living expenses account for the highest percentage of her expenses. “With an income of 10 million, I had to spend at least 6 million VND for food, house, electricity, water, gas, …”
On the other hand, for Ha Anh, expenses are usually for personal things such as eating, shopping, and making friends. Because her friend is living with her parents, she almost doesn’t need to worry about rent, electricity, water, internet, etc. However, every month Ha Anh also deducts 1 salary to send to her parents but is not pressured. like inns.
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Not only the story of spending, the financial goals of these two girls are also completely different. For Ha Anh, the closest money-related dream is to travel, and further, it will be to “buy” a car and then buy a house.
Unlike Ha Anh, buying big property is the “dream” of her friend Quynh Chi, but with the current income, it is really not enough, and seems too far away to dream. “Currently, I just want to change the gear car into a scooter to move more comfortably. I also try to save up for further projects in the future.”
25 years old, income 10 million/month, can you live in Hanoi?
Even with different living situations, goals or expenses, both girls think that such an income in Hanoi can still “survive”.
“The truth is, there is never ‘not enough’. Because how much money you make, you will by default have to adjust your spending to match that number. If my income is low, I have to accept that my standard of living is only average, cannot buy expensive items, travel everywhere or drink a glass of water of 50k per day. Quynh Chi’s point of view.
Based on the experience of someone living in a big city like Hanoi and Ho Chi Minh City, Quynh Chi thinks that currently 6 million VND is enough to live on. It should be noted that this is just the cost just enough to eat, rent a small motel room, not include money for other personal interests.
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Because she doesn’t have to worry too much with the cost of living when the essentials have been largely supported by her parents, Ha Anh shared that the salary is about the same and still lives comfortably in Hanoi, even every day. still save a little bit every month.
“I’m lucky that I was born and raised in Hanoi, still living with my parents, so I don’t have to worry about money. But in my opinion, even if I live on my own, I have to spend everything myself. After all, a salary of 10 million can still live in Hanoi. It’s just that then I will have to be more responsible, make a careful spending table,…”
Both girls think that it is important that people choose how to live, balance spending within the money they have. Low income is forced to live more thrifty, even sometimes a bit stingy. And if you want to spend comfortably, you must “have to work to eat”. “10 million is still too much, but many people earn 5-6 million/month, they can still live here”the frank sharing of Ha Anh.
What is the age of 25 to be considered successful in financial terms?
The younger generation is constantly under pressure from their peers, especially as more and more people reach society’s standards of success in their twenties. One of them is the “heavenly” income, not even in Vietnamese Dong but in dollars. The question is, what is really successful, is the income of 10 million/month is too low?
In this story, Ha Anh believes that this definition will depend on each person’s own point of view and value system. “Personally, I think that at the age of 25, I still haven’t been successful because I don’t have a house, car and don’t know how to save. I feel that I will be happier when I always have an account balance of about 8 zeros. for example, but there will also be many people who simply think that earning money to spend for themselves, regardless of their parents’ finances is also a type of success.”
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With her friend Quynh Chi, at the age of 25, it is not necessary to be financially stable. “If you have just worked for 3 or 4 years, the accumulated money cannot be too large if you work as a hired worker. Each person has their own measure, for me, 25 years old has a good income compared to the labor market, for example, over 20 million VND, has a savings of over 300 million VND and knows how to invest money. is success”.
Perhaps, still trying to dedicate, work hard, and become more and more perfect in everything including finance is already a success.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
