Neha Nagar Instagram – Financial freedom or Show-off – what are you really chasing?
With UPI, shopping apps, and EMIs at every corner, saving has become harder than ever. India’s household savings are at a 5-year low, while debt is at an all-time high.
We’re slowly shifting from a saving economy to a debt economy, prioritizing appearances over stability.
Around 70% of iPhones are bought on EMI by people earning ₹25-30K while the phone costs ₹70-80K.
Impulse buying is now just a tap away, and credit card defaults are rising fast, with people borrowing more to pay off old loans.
This festive season, spend only on what you truly need. For any major purchase, wait 30 days—if it still feels essential after a month, go for it.
Ready to break free from the debt cycle? Comment ‘Challenge Accepted!
#FinancialFreedom #smartspending #MoneyMatters #PersonalFinance | Posted on 15/Oct/2024 18:05:33
