debt traps on emi


Recently, I ordered an iPhone XR worth Rs 39,999 on Flipkart and surprisingly some of my relatives thought that I purchased it on EMI. This actually surprised me a bit. Some Indian’s probably think that if you are buying expensive stuff, it has to be on EMI. Well, that’s not the case with me honestly, I paid for it full upfront and don’t think that I am rich enough. It all takes some planning and…