How To Manage Personal Finances While Staying Alone In A PG In Delhi?

Delhi being the capital of the country is a bustling city – from the cosmopolitan culture to the top-notch higher education and job opportunities

How To Manage Personal Finances While Staying Alone In A PG In Delhi?

Delhi being the capital of the country is a bustling city – from the cosmopolitan culture to the top-notch higher education and job opportunities, the ever-improving infrastructure developments to the youthful vibe of the city – it attracts thousands of people for a better lifestyle, career, and academic opportunities. While the city has offerings across all price points, it can tend to be slightly expensive especially if you are moving here for the first time and unfamiliar with how to crack a good deal by renting the best luxury pg in Delhi that turns out to be a true value for money. Considering you have to manage your own expenses – accommodation, food, daily necessities, etc, it’s important to learn how to not end up burning a hole in your pocket.

Manage your Food Expenses

Eating out often can set you back – not just monetarily, but also impact your health in the long run. While occasionally going out for a meal is fine, try to have most of your meals in the PG. It can be the case that even the best PG in Laxmi Nagar, Karol Bagh, or Mukherjee Nagar is dependent on third party food vendors and the meals are not of good taste and quality. That’s why it’s important to choose a place basis for the food quality – check for reviews online, speak to current residents to get a good picture. While cooking on your own or hiring help can be other ways to solve the food concern, factor in the additional time, cost, and energy that will go in either exercise, including ensuring the clean-up after that. Some branded accommodation providers also allow you to sample the food so you know what you will be served. They provide chef-cooked meals, flexible menus, and factor in your feedback to prepare meals. Moreover, the costs are included in the rent itself, so you don’t even have to pay any extra costs for that.

Bring Down your Accommodation Expense

Let’s first start with accommodation. A PG in Delhi is a good option if you want to save a bit on the rent, as it turns out to be a bit more economical than an independent flat/apartment. It is important to understand that when you look for a place, don’t just hinge your decision on the rent amount but also look at other living expenses and accordingly select a place. For example, if you choose a managed accommodation like Stanza Living, you have an all-inclusive monthly expenditure that covers rent as well as the cost of amenities/ facilities you avail. As a lump sum, this might appear to be more expensive than just paying rent for a place but turns out to be a good option when you factor in all other monthly expenditures that already get covered in the all-inclusive deal. Most professional accommodation operators have a wide range of properties across the city to cater to various locations and price needs. They come with fully-furnished rooms and offer a host of amenities like food, wifi, laundry, housekeeping, etc.

Get Rid of Separate Utility Costs

Each PG in Delhi may have its own arrangement of what’s included in the rent Some may approach you for lease that is comprehensive, while others may have additional charges for electricity, internet, water bills, etc. Ensure that you are clear on the terms and conditions before you sign the rental agreement. Managing separate utility bills can be a hassle and ideally, you should go for places that have this factored into the rent component. However, if there are additional charges, discuss how these would be calculated – whether there will be a separate meter for your use, how will the cost-sharing be done among you and your roommates, etc.

Look for a Well-connected Location

Opt for accommodation that is close to your place of work/educational institute. This will not only help you save time but even money on the daily commute, especially if your accommodation is either walking distance or a short ride away. Additionally, a well-connected locality helps you bank on public transport, which is any day less expensive than going on your own vehicle or private cabs. What’s more you benefit by not having to suffer being stuck in traffic jams, spend on fuel, or costs of maintaining your own vehicle. Also, if you stay with roommates who work/study nearby, you can always commute together which will be mutually beneficial or you.

So here are some of the ways you can cut down on expenses when living in a PG in Delhi.

Updated Date: 18 September 2020, 15:27

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