Tag Money

Meenal and Prashant were on NPR!

Sounds from this India experiment were aired on public radio in the US! Sangar ki sabzi, noisy kitchen, our opinion on renting vs. buying – it’s all there.
Read the 2012 article on WBUR and Listen to the 2012 story on WBUR.

Meenal's parent's place, Delhi, 2012. Meenal's mom is center left in Red Sari.Celebrating Meenal’s 2 week old niece. Delhi, 2012.

2 years ago, NPR (Morning Edition) had done a story on couples who were choosing to rent instead of buying a place. See 2010 pictures of our Boston apartment on WBUR and Listen to the 2010 story on WBUR.

Thanks to the very talented storyteller Curt Nickisch for seeking our wise words.

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Cost of living in India – monthly expenses after R2I 2010-2011

Rent + $2100 per month

Cost of living 3

August, 2011

  • Domestic travel – Meenal and I took a vacation in Ladakh. May be one of the most beautiful places we’ve ever seen.
  • Clothes – we didn’t take enough warm clothes to Ladakh thinking that it’ll be warm. Surprisingly we found good American and European brands for outer wear at very good prices.
  • Groceries – My mother-in-law started giving us lots of fruit every time we visited and she refuses to get paid for it. So it won’t be happening any longer.
  • Utils – I started using a smaller room for hanging out and the air conditioning bill went down. Also, we made fewer international calls since we were traveling for 10 days.

See the expenses between November, 2010 – May, 2011

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Letter to U.S. Congressmen: U.S. debt, exiled African kings and my bank account

Honorable Congressmen:

This email is NOT from an exiled African king asking for your bank account number. I hate hearing about royal problems but it is a compliment to the U.S. economy that even fake deposed kings want to park their fake loot in our bank accounts.

Continue reading: Letter to U.S. Congressmen: U.S. debt, exiled African kings and my bank account

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Cost of living in India – setup expenses for 2BR apartment after R2I

Last updated: December 6, 2010January 17, 2011 | US$1 = Rs.47

Setup expenses in India

$12,000

(Rs.5,65,000)
2 bedrooms used in a larger apartment in Gurgaon, India

Setup expenses
Our apartment came with an exhaust over stove $150 (Rs. 7000) and water heaters (Geyser): $160-$225 each (Rs. 7700-Rs.10,000).
Your landlord may or may not provide these.

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Please don’t compare New York’s cost of living with New Delhi or Mumbai

Meenal expressing herself in NYPHOTO: Meenal expressing herself in New York, November 2008.

Alright, I’m quite tipsy now. Can you repeat what you were saying. Oh yes, I remember now: the cost of living in New Delhi or Gurgaon is high and that makes sense. Something something New York something something. Your drink must be better than mine. Even in my current state of intoxication, hearing New York as justification or explanation for the cost of living in Delhi sounds like a stretch. Why?

Gross Metropolitan Product in 2008

  • New York: $1466 Billion
  • INDIA GDP in 2009: $1240 Billion*** 
  • Boston: $338 Billion
  • Mumbai (Bombay): $209 Billion
  • Phoenix, Arizona: $200 Billion
  • New Delhi:  $167 Billion

Source: PricewaterhouseCoopers list of world cities economies

*** Shockingly, New York’s metropolitan product is more than all of India’s GDP. There’s a 9 fold difference in wealth between New Delhi and New York. But 2008 is dated. New York and America have suffered an economic ‘situation’ since. New Delhi and India, on the other hand, are growing at 5-10% per year. Fair enough, let’s fast forward …

Continue reading: Please don’t compare New York’s cost of living with New Delhi or Mumbai

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The mother of all moving to India (R2I) checklist

Meenal and I moved to India at the end of October, 2010 and into our apartment in Gurgaon on November 1, 2010. Divided into 5 sections, this post will be a guided tour of Delhi Ledger R2I blog.

PART I     Long ago – September, 2010

Before moving to India or Returning to India

July 4th in Washington DC

  1. Emotional – what’s the point of moving to India or R2I?
    • Why and when we moved to India
    • The heart-to-heart with the spouse before moving to India
    • The talk with family about returning to India
  2. Immigration – Uncle Sam, can I come back to USA if I hate living in India?
    • US Citizenship before moving to India
    • US permanent residency/green card – maintenance requirements while living in India, I-131 re-entry permit BEFORE moving to India
    • Indian permanent residency – Overseas citizen of India visa before R2I
  3. Emotional – What will it take to make us like India?
    • Money and personal finance in India
    • Material things in India
    • Health and sports while living in India
    • Relationships after moving to India
    • Working in India after R2I
    • Intellectual stuff and hobbies after moving to India
    • Emotions and wisdom (touchy feely stuff) after moving to India
  4. Your stuff – sell them before moving to India
  5. Financial – taking care of personal finance before moving to India
    • Banking – U.S. bank accounts, Indian bank accounts – NRE and NRO, linking accounts
    • Credit and Debit cards – charges, exchange rates, setup for international transactions before moving to India
    • 401 K – Adjust deductions, move to IRA after quitting work
    • Vacation balances – using them or cashing out before moving to India
  6. Work
    • Talk to your current employer – pending promotions, yearly salary increase, etc. before setting a date to move to India
    • Moving to India with your current employer
    • Network with Indian employers even before you move to India
  7. Healthcare
    • U.S. health insurance and coverage after moving to India
    • Physical and dental exams before moving to India
    • Local health insurance in India
  8. Other
    • Get an international driving license before moving to India (AAA)

Continue reading: The mother of all moving to India (R2I) checklist

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