Now a days young generation of our country is more interested in EMI i.e. Equated Monthly Installment over SIP (Systematic Investment Plan) or regular savings. This tendency has been increased due to E commerce portal. Credit card has added fuel to this tendency. In a office floor with a capacity of 500 persons you can easily see at least 50 new mobiles or some other electronic items are coming from Flipkart, amazon etc. They are more interested to buy it on offer even if they don't require it.
In addition to the above, home loan, consumer durable loans and personal loans are adding burdens to the youth for their status war with their peers.
One should spend as per their requirement. Don' t go by the offer and try saving at least ten percent of your net income in the regular savings scheme like equity SIP or recurring deposit.
In addition to the above, home loan, consumer durable loans and personal loans are adding burdens to the youth for their status war with their peers.
One should spend as per their requirement. Don' t go by the offer and try saving at least ten percent of your net income in the regular savings scheme like equity SIP or recurring deposit.
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