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In today's lifestyle, EMI (Equated Monthly Installment) seems like an easy solution. Need a phone? EMI. Need a bike? EMI. Planning to buy household appliances? Take EMI again. At first glance, EMI seems easy and stress-free—but if you don't think carefully before taking it, it can slowly drain your income and peace of mind. This EMI can increase your stress. EMI can be a trap to lure you in. You can pay 30-40% of your salary on EMI. Your physical comforts, a large EMI, and the hassle of being stuck in a job. Before saying yes to any EMI, these are the most important things you should consider.
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