21, earning 95kPM in Hyderabad

I need advice on how to spend my income. I have no experience with investment and am just starting out. It feels a little overwhelming.

I need to send 40k home every month (to pay off EMIs and loans that my parents have taken) I spend 20K on rent/transport/household expenses I dont make food, i usually eat out. I need some money to spend on food also. I could also save up some money for travelling. Please advice on how to use this income