EMIs Have Gone Up? These are the five ways to manage them
Live MintAfter a lot of trending news and technically innovative startups in the fintech industry, buying the desired product on EMI is just a few clicks away. Create a secondary source of income A basic method to keep up with your regular expenses on EMI can be creating an extra income source to cope with the increase in EMI. This will require an extra effort to make your investments optimised enough to beat inflation and increased interest rate on loans by banks. Well, it might look like part of your lifestyle, but if you don't require something, try not to make it part of your budget. It's your responsibility to keep your investments aligned and financial stability intact, and it is always directed to look at your budget and make a few re-adjustments.