How to Minimize Living Costs in Bangalore with Flatmates!

Shelf
6 min readOct 5, 2023

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Welcome to the vibrant city of Bangalore, where opportunities abound and dreams come true. Nestled in the heart of India, Bangalore offers a bustling metropolis with a rich cultural heritage and a thriving tech industry. However, like any big city, the cost of living in Bangalore can be a challenge for many. But fear not! In this article, we will explore how you can minimize your living costs in Bangalore with the help of sharing expenses & experiences with flatmates.

Understanding the Cost of Living in Bangalore

Before we dive into the benefits of living with flatmates, it’s important to understand the cost of living in Bangalore. The city’s rising popularity has led to an increase in prices, especially when it comes to accommodation. Rent, utilities, transportation, and meals can quickly eat away at your budget if you’re not careful.

But don’t let that discourage you! With the right strategies, tools, and great friends to share your bills, you can live comfortably in Bangalore without breaking the bank. 🤑

Benefits of Living with Flatmates

Living with flatmates is a fantastic way to not only minimize your living costs but also enhance your overall experience in Bangalore. Sharing the expenses of rent, utilities, and other household bills with your flatmates can significantly reduce your financial burden. Moreover, having flatmates allows you to build new friendships, create a support system, and share the joys and challenges of living in a new city. You’ll have someone to explore Bangalore with, go on weekend getaways, and even cook meals together. It’s a win-win situation!

How to Find the Right Flatmate in Bangalore

Finding the right flatmate is crucial to ensuring a harmonious living arrangement. Start by reaching out to your network of friends, colleagues, or classmates who may be looking for accommodation in Bangalore. You can also explore online platforms and social media groups dedicated to finding flatmates. When screening potential flatmates, be sure to consider factors such as compatibility, lifestyle, and personal values. Have casual meetups to get to know them better. Remember, finding the right flatmate is key to creating a comfortable and enjoyable living environment.

Sharing Expenses with Flatmates

Once you’ve found the perfect flatmate, it’s time to establish a system for sharing expenses. Sit down together and create a budget that outlines how expenses will be shared. You can consider using Shelfpay — India’s 1st Shared Payment App that makes it easy to pool money together very similar to a joint account and share bills fairly. This will eliminate the hassle of constantly chasing your flatmates for their share of the expenses. By having a clear and transparent system in place, you can ensure that everyone contributes their fair share and that financial matters are handled smoothly.

Exploring Coliving Options in Bangalore

If you prefer a ready-made solution, co-living spaces are a popular option in Bangalore. Coliving spaces provide fully furnished accommodations with shared amenities such as kitchens, living rooms, and even coworking spaces. These spaces often come with utilities and maintenance included in the rent, making it easier to budget your expenses. Additionally, coliving spaces offer a built-in community of like-minded individuals, allowing you to connect with people from various backgrounds and make lasting friendships.

Budget-Friendly Food in Bangalore: Tiffin Services

Food is an essential part of daily living, and it can quickly add up to a significant expense. Luckily, Bangalore is known for its delicious and affordable tiffin services. Tiffin services provide home-cooked meals that are delivered right to your doorstep. These services offer a variety of meal options at reasonable prices, ensuring that you can enjoy a wholesome and budget-friendly meal without the hassle of cooking or eating out. Look for tiffin services in your locality and explore their menus to find the best fit for your dietary preferences and budget.

Check out some popular Tiffin Services here.

Tips for Minimizing Living Costs in Bangalore

In addition to living with flatmates and exploring coliving options, there are several other tips and tricks to help you minimize your living costs in Bangalore. Consider these alternatives:

  • Public Transportation:
    Utilize Bangalore’s public transportation system, such as buses or the metro, to save on commuting costs.
  • Cooking at Home:
    Prepare your meals at home and take advantage of local markets for fresh and affordable ingredients.
  • Practice Sharing & Avoid Splitting:
    When you share the experiences together with flatmates and friends why not share money and bills as well? Avoid paying for all and getting into the hassles of splitting. We know asking money back from friends is super hard which is why we suggest pooling money together and paying for all your common expenses.
    Guess what, it’s super easy to start pooling money with your friends and loved ones on Shelf App, just install the application, sign up with a few basic details, and hurray you can now create a group to seamlessly start pooling money and pay conveniently for all your common expenses.
  • Energy Conservation:
    Practice energy-saving habits, such as turning off lights and appliances when not in use, to reduce your utility bills.
  • Shared Internet and Entertainment Subscriptions:
    Share the cost of internet and entertainment subscriptions with your flatmates to enjoy these services at a fraction of the cost.
  • Explore Free or Low-Cost Activities:
    Bangalore offers a plethora of free or low-cost activities, such as visiting parks, attending cultural events, exploring local markets, and attending networking meetups which are organized by early-stage startups for exploring new avenues in the ecosystem. Take advantage of these opportunities to have fun without breaking the bank.

Local Resources for Cost-Saving Measures in Bangalore

Bangalore is a city full of resources to help you save money. Take advantage of local websites, apps, and social media groups that offer discounts, deals, and affordable services. From discounted movie tickets to budget-friendly gym memberships, these resources can help you live your best life in Bangalore without burning a hole in your pocket.

Conclusion: Live Life To The Fullest

Living in Bangalore doesn’t have to be a financial burden. By embracing the concept of flatmates, exploring coliving options, utilizing tiffin services, and implementing cost-saving strategies, you can minimize your living costs and live the dream on a budget in this vibrant city. Remember, it’s not just about saving money, but also about building meaningful connections and creating unforgettable experiences. So, go ahead and take the leap — Bangalore is waiting to welcome you with open arms!

Last but not the least try Shelfpay: India’s 1st Shared Payments App for easily pooling money with your flatmates & friends to pay for all common expenses, sharing bills fairly, and eliminating the hassle of asking your own money back from your close ones. With Shelfpay, managing finances with your flatmates becomes a breeze, allowing you to focus on enjoying your life in Bangalore to the fullest.

Download Shelf now!

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