6 Things You Should Never Finance With EMI

Zee Media Bureau
Mar 22, 2024

1. Honeymoon Package

Everybody's honeymoon is a unique time when they should spend making priceless memories with their spouse. Taking out an EMI for a honeymoon package could make things more expensive and less enjoyable.

2. Phone

Even though the newest smartphone models could be alluring, paying for them with EMIs could result in needless financial strain.

3. Expensive Clothes

While fads come and go, debt incurred from making interest-only payments on pricey apparel can last a lifetime. While making clothes purchases, it's critical to discern between needs and wants.

4. Luxury Watches

Luxury watches are often seen as status symbols, but financing them through EMI may not be the wisest financial decision.

5. Electronics Gadgets

While it's tempting to stay up-to-date with the latest electronic gadgets, financing them through EMI can lead to unnecessary financial strain.

6. Luxury Cars

Purchasing a luxury car through EMI may seem glamorous, but it's essential to consider the long-term financial implications. EMI payments can add to the overall expense.

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