Planning to Buy a Phone, Bike, or Travel Abroad?
Here's How to Do It Without Loans or EMIs
The
"EMI trap" looks attractive — zero down payment, easy installments —
but it quietly eats your wealth. Instead, learn how to buy big items fully
in cash.
💰 Step 1: Define Your Target &
Deadline
Example:
- Goal: Buy an iPhone worth
₹90,000
- Deadline: 9 months from now
- Monthly saving goal: ₹10,000
This
gives you a clear roadmap.
💰 Step 2: Create a Parallel
"Big Goal Budget"
Separate
it from your normal budget. Open a new account (like in Paytm Payments Bank, Fi
Money, or small savings account) and deposit your monthly target there.
Don't
touch this amount unless for your goal.
💰 Step 3: Use the 3x Rule
For every
₹1 you want to spend, try to save ₹3 in advance:
- ₹1 goes to purchase
- ₹1 to cover emergencies
- ₹1 remains as your reserve
fund
This
keeps your core finances safe even during a big buy.
💰 Step 4: Automate Saving for the
Goal
Set up a
recurring deposit (RD) or monthly auto-transfer. The less manual it is, the
more consistent you become.
💰 Step 5: Delay Gratification
Each time
you're tempted by an EMI offer, remind yourself:
- EMI = debt + interest
- Cash = ownership + freedom
Put a picture of your goal as your phone wallpaper — daily motivation.
✅ Conclusion
Debt
isn’t required for lifestyle upgrades. With smart goal-based budgeting, you can
buy anything — phone, car, or trip — without worrying about EMIs.
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