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How to manage your EMIs, debts to save money during festive session
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Buying things on debt may give you instant satisfaction, but it creates obligation to pay the amount from future earnings. So, buying a thing on debt or on equated monthly installment (EMI) may appear affordable, but making a habit of doing so may create tremendous financial stress on you in future.
In such a situation, any disturbance in future earnings may make you even bankrupt.
Even if you manage to stay afloat, too many EMIs may put severe constraint on your ability of future spending, even on essentials.
So, it’s important to restrict your desire and spend within your earning limits to ensure that you have capacity to spend during festivities to bring happiness among your near and dear ones.
“While your debts should not define who you
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