What is the share of EMIs in your salary?
The 40% EMI rule tells you how much of your monthly income should be allocated to loan repayments. After deducting house rent, food, and other expenses, you should ensure that your EMIs do not exceed 40 percent of your disposable income. Otherwise, you will face financial difficulties. Home, personal, and car loans – all combined should be within this limit. You can only have peace of mind if you reduce your debt burden. This principle is very useful for increasing savings.
You Might Also Like
-
It is known that the central government is launching the 'Bharat Taxi' app in Delhi under a pilot...
-
In 2025, silver prices are surging to record levels. The main reason for this is the increasing d...
Leave A Comment
Comments