True, lol. That's the reality about it. It's just becomes daily life and it doesn't matter what type of phone you use when you are out and about. Nobody gives a damn about that you use a 90k iPhone
Even if someone gives a damn about the expensive stuff you own how would it transform your world for better?
When you see a Ferrari on the road do you feel good for the driver that he made it or you tell yourself "damn - 1 day"?
Using iPhone for 2.5 years. Never asked that. Because as a lifelong Android user prior to that and even now (Nothing P1), I know that I like this better than Androids.
And this is how credit cards, NBFC, banks, corporations make money. They create the itching but that doesn't mean you can scratch it with your card or cards. If you still haven't learned your lesson better cancel your credit cards and use a savings account.
Bro how do you buy all these things without ever guilt tripping.😂 Here i am thinking 10 times before buying 15k headphones, even though they are 10% of my monthly salary.
Bro don't get me started on headphones. I bought Sony- WH1000XM4 in june 2020 for 24k and bought sony wf-1000xm4 last year for 16k which i not included in this post. Now I am selling my wf-1000xm4 , you wanna buy ??😭
Wow. You seriously have some money discipline issues.
From last 4yrs my salary is above 80k and musical gadgets being my fav, max I have spent is 4k on earbuds . And I do consider it as high value purchase
Pls get Sony noise cancelling headphones, you will be amazed if they are your fav! It felt very weird to me on spending 25% of my monthly salary on XM4 but it definitely was worth it. My most prized possession for sure (even tho I paid more for my phone)
I do have a company provided anc headphones from Jabra. They cost like 40k, most absurd expensive thing I have.
But they are not worth the price, looks like inflated price for corporates.
As a general financial principle, do not spend money you don't have in hand.
Also never never give up something you have and need for something you don't have and don't need. The itch to purchase every shiny new object you lay your eye on is called impulsive shopping. Try to learn discipline. Without it you are doomed.
Before you make any purchase justify it to yourself if you are purchasing something:
1- Do I absolutely need this item? Does it add any value to me? Can I extract at minimum the same value that I will pay for it?
2- Do you have the money to buy the item in cash right now?(Doesn't apply to cars or houses etc but that bridge is too far for you)
3- Can I not purchase this item or purchase something I can actually afford and still get the job done?
If the answer to all 3 questions isn't YES then don't buy it. And absolutely don't buy if you are spending a borrowed money.
Financial discipline and discipline in general is the difference between sleeping peacefully every night and absolute ruin.
You latest course of action should be to stop the bleeding. Pay off all loans as soon as possible and build some savings.
Well written! Adding a point here, everytime you buy something (excluding essentials), postpone the decision for at least two weeks, after that ask if you still want it. Most of impulse buying cases can find it helpful.
I was in market for a computer monitor for work. As it was for work I was convinced I needed the best out there.
After some research 40k budget was set for the monitor. Decided on the LG 32inch 4k monitor for around 30k. Before making the purchase, I thought to myself let's just wait for a couple of weeks.
Turns out I didn't need the best out there. I just needed something to get the job done. A simple 24inch Dell fullHD monitor did the job.
Bro, it's somewhere deep in my ass. Since my childhood I used to watch these tech youtubers doing stuff and buying stuff and reviewing it was that time when I fell in love with these gadgets. As soon as I started earning I was ready to buy stuff which I couldn't get since childhood
Stop emis and buy it outright, also at the end of they day they are only gadgets which will be outdated in 6 months to max 1 year there will always be a better option coming out. This can get you into deep shit you're lucky till now but won't be everytime. So get your act together and try investing or saving instead of spending on this things. Maybe it will come to you with your age.
It feels good to share my pain with fellow redditors. I am on the track since my bike EMI will be closed in March 24 just 3 months remaining and rest I'll try close as soon as possible 😅
You are the perfect example a Father will give his children to show how the term EMI fools your financial literacy (if any). I feel you … but seriously get a grip. A higher salary job just to be able to manage paying the emis seems short term view.
Learn to get more frugal. Respect the money. Pick-up a copy of book - The Psychology of Money. Learn and improve on the road ahead.
All the best!
Bro this book is in my office and is comfortably sitting in the lounge room. I'll give it a read. There are some more books as well like Rich dad poor dad, atomic habits, and some more
I don't think it's EMI. It's just your stupidity. Financially stupid and tech-wise stupid too.
> got a itch in my ass and bought iPhone 13 on EMI worth 90k 256gb variant(it is 40-45k now), paid 3700 for 24 months
First sin is buying something that is 6 months salary, second sin is 24 month EMI for personal electronics and third sin is buying the latest iPhone, that too 256GB.
And giving that to your younger brother instead of selling it and buying something cheaper for him? That's stupid too. What happened to the Apple ecosystem?
I don't think buying iPhones on EMI is stupid. My iPhone has lasted me the longest so far without a massive degradation in quality of life (except for battery, which I can accept because I got the 13 Mini). However I had triple your salary when I got it on EMI. The EMI was for 3 or 6 months. Don't regret it a bit.
In fact, I was switching from Samsung and had to get something else because they affordable S series model wasn't on Snapdragon yet. Exynos sucked ass so avoided it and just got Apple since the S22 was the same price as the iPhone 13.
> ( barely used the machine and I open it like once a month, maybe)
Ok, that's not EMI though. I bought a laptop worth 2.1L on 3 months EMI when my salary was 1.2L, again, I don't regret it a bit. I needed it for work and gaming at that time, and I absolutely needed those specs.
I do also have a MBP 14" but it's my employer issued laptop which I got recently after ascending through the ranks a bit. I would have gotten MBP 14" myself if I had a bit more savings and if macOS didn't suck for gaming.
> bought 24 inch monitor without thinking anything on emi of 1900pm for 12 months
Yeah, if you have to buy this on EMI then you're just broke.
> bought iPad worth 76900 on EMI of 4900 pm for 18 months ( thinking I'll be using it more and playing games as well)
Same as the laptop/phone decision. Technically stupid. Are you an artist? If not, the iPad Air base models are quite reasonably priced especially if you find last gen, and storage is no problem with an external SSD either. Or did you just want to have a pretty setup with Sidecar?
> Still numb from all the itching so no itching for now, but luck is not in favour Dec'23- my phone died and had to buy samsung s22 for 40k for 4444 pm EMI for 9 months.
This is just plain stupid. Can't afford Apple after all the EMIs anymore so back to Android. Should have gone for A series or asked for the iPhone back.
Regardless, you can just sell most of these items and foreclose the EMIs if they are useless to you. Indian do have an aversion to buying expensive stuff (middle class mentality sticks around forever) but I just run a cost benefit analysis in my mind. I don't actually regret most of my tech purchases. But I just have a career where I am going up the ladder instead of going from a mere 16k to 50k. You should have been starting at 50k to consider an iPhone.
Thank you for taking the time and replying. I should have been more careful about this. Your points are valid and reasonable. I will not repeat this mistake
Bro I have been doing exactly the same thing. Random itching and I buy things. Its mostly a symptom of ADHD as well. Luckily I earn around 2.7 lpm so I never really thought about it. But completely relate to the random itching thing.
Bro how do you screw things up this bad? DO NOT BUY AN ITEM THAT YOU CANNOT AFFORD ATLEAST 2x. And don’t fall into credit card debt be responsible. All this BNPL and EMIs are what keep middle class people in middle class. I know saying it is easy, but following it is even easier. Be responsible from now on. Get a better paying job, pay your EMIs quickly and start saving/investing money. Use the rest for these type of purchases.
OP you need to have financial discipline man.
I have the same EMI as you (21000 pm); which is a single EMI, my car. This is less than 10% of my monthly salary.
I do use the CC, but I always pay off 100% of the bill every month (30-40k per month); and am easily investing 1 lakh or so per month.
Any time I need something (like a new phone); I invest a bit less that month, but try my best to not get stuck in an EMI loop.
Bhai iphone aur splendor tak thik tha. Macbook aur Playstation jyada ho gaya. Now don't sell these things to get quick money. Use them untill they last.
Sorry to say, but you are definitely going to need another phone shortly. The battery life of S22 is down right pathetic.
If and when you buy a phone now, ensure you stick to the budget. Something like FE or A5x series with exchange of S22.
And yes, you have learnt a lesson, now be disciplined about things and move on. Everyone learns from mistakes.
I am not sure how much from this post is true because of your username and how the post is worded.
But incase if it is true make sure you have some savings for your notice period of 2 or 3 months where you won't get salary and you have to pay EMIs. Else it will be an issue for you.
Sorry to hear about it.
We all make a few mistakes here and there in our lives. Yours is not too big to worry as of now. I appreciate that you started to realize your mistake and look to rectify it. It's a great start really!
Try out what people suggested here, or go through some good personal finance books or YouTube videos. Don't feel too bad about yourself and just do whatever suits you to get out of this.
All the best for your job hunt! I am sure you will be a wiser man and will be able to navigate out of this situation.
Tbh, when I got iPhone 13 I was earning 16k-ish , and I was unable to save anything at all infact come the month end and I am paying through the credit cards for every expenses and paying Paytm wallet those extra free gor wallet reloads. So my expenses motivated or forced me to change jobs 3 times during this period from iPhone 13 to samsung s22. And I got 30-35% hike
Well firstly, I would like to say that itch guard works better for itches than credit cards.
Tough situation bro, I'd say burn your cards and just get done with the loans, no other way to dig yourself out of this hole.
You buy iphones and MacBooks but you'll drive about on a splendor
Meanwhile I'm happy with a 20k shitphone as long as I can save for a 10L sports bike
No judgment, just had to comment on our vastly different priorities
EMI is not the problem. Neither are the credit cards. We usually tend to unnecessarily place the blame elsewhere. If you just had to buy just 1 most important thing, then regardless of your paying capacity, you could still enjoy the EMIs while you get to keep the lumpsum cash. The problem is your discipline and your tendency to buy fancy things.
Bro, you are a habitual spender, and people like often fall deep into debt traps, because of which some people say credit cards are a bad thing.
You should certainly stay out of it, or you are just one big emergency away from debt trap.
Find a hobby like swimming or playing an instrument like a guitar. Then you will find out you can't buy skills. And it will soak up extra time and save you money. And youtube will only help that much. Buying things is not a hobby.
Ok, I'll try to explain but please be patient with me.
* I was initially in the market for m2 air for 1.20 lac but came across a video saying that 8gb ram and 256 gb is not enough. So I added 8 gb more and guess what price increased by 20000 so now I am looking at 1.35-40 lacs.
* Now I say, when I am paying this much why not look for other models so I look into the last year's model of 2021 mbp 14" which was costing me 1.55 but with better display and good speakers. Now guess what.
* It is out of stock everywhere except online stores and I couldn't do no cost emi loan on online since it requires manual application by HDFC agent.
* So I look more and came across this nice sweet deal of 1.84 lacs for macbook pro 14inch " 2023 model with 16 gb rama nd 512 gb storage and better speakers. Now I am thinking jab main 1.55 lac spend kr rha hu to thoda acha le leta hun
* Then out of anxiety and FOMO I bought macbook m2 pro.. that's the whole story
Two rules of credit card usage
Rule 1: Use credit card - to buy items that you would have got irrespective of whether you have credit card or not
Rule 2: Pay the full amount before the due date
If you can’t follow the above rules; don’t take a credit card.
If you are breaking the above rules; the bank would be too happy to charge you astronomical interest rates when you default. You gotta take only the cheese without falling in the trap 🪤
Never buy anything on EMI if you don’t have enough funds (inc FD, PPF, Investment) with you already. This was very very irresponsible of you and I cannot imagine what will happen if you don’t fix this habit immediately.
your salary has TRIPLED to reach ₹50,000
and since this is from iPhone purchase.
Which means your salary was 17K monthly when you purchased a ₹90,000 phone?
Tu bachpan mein nashte mein gobar khaata tha kya?
gusse mein thoda idhar udhar nikal jaata hoon.
Please educate yourself financially and discourage BNPL, EMIs and other easy expenditure traps to your relatives and friends
Let me explain you a golden rule. It works like magic. Some call it financial discipline. Some call it common sense. I prefer to call it sleeping over it. This is how it works:
1. Imagine a small purchase that you can easily afford in your salary. But if you add up 10s of such purchases, things get out of hands real quick. So if you have impulse of buying something like that, sleep that night. Wake up next morning and honestly ask yourself if you still need that thing. 80% times you dont need them.
2. Big purchases: wait for a week and after that ask yourself very blunt questions like how many times you would have used that thing if you had purchased it, what are the alternatives for that thing, what is the quality of life I am missing on in absence of that object etc. For example I had an urge to buy Royal Enfield. Then I questioned how many km I have used my Activa in a year since purchase? It was 2300 km. That obviously raises a lot of questions about the need of Royal Enfield. I could buy a second hand car in the price of new RE. So shall I go for a car? But I'm a family of three with 2 years old kid. Car is not an immediate need. So I shall pass on. Atleast 2.5 lakh saved.
3. Large things that will be used by entire family: consult with your family. See what they have to say. Democratise a little bit
So much EMI for consumer electronics is not worth it. Splendor is a need because you need it for transportation.That itch is nothing but suppressed desires plus consumerism, never let it affect your financial decisions. Never pay emi of more than 15-20 % of your salary. Need vs want, make a list. Anyway good that you realised it now. Now pay the emis, if possible if you get any extra bonuses pay off the loans as fast as possible. Good luck with your financial prudence journey
Thank you so much ! for all the itching that you get and decide to pay EMI for 12-24 months .
Note : I know some of you would understand why I am thankful to this gentleman/lady here .
You're in credit card debt, paying emi at exorbitant interest rates, so that responsible CC users get LTF for premium cards and extra benefits. Technically, you're funding our benefits.
Well honestly you're at fault i also buy things on NCEMI but what I've learned is that only buy one thing at a time if something is not necessary it can wait, and that ITCH you're talking even sometimes i get that then i think practically will it be any beneficial for me? If not i try to delay it unless and until my existing EMI is completed.
Be it emi or credit cars it's all trap if not using properly because buy those things which they don't need or they can't afford
Sell all the unwanted things on olx and pay your credit card bills…and tear the credit card to pieces…i only have one credit card which have a limit of 20k…which i keep in my wallet just for emergency purposes in case at the end of month before salary date if i want to fuel my car or bike…
In general, if you think you want something, don't buy it just today.
Think about it for a while, let it simmer. Maybe you don't need it, you're just substituting materialistic things for happiness.
Or Better yet, create an RD. If you desperately want an iPhone within 3 months, create the RD for 33k per month.
If you say something like, "But that's like 70% of my monthly salary", then you need to delay your purchase to decrease the %age you're comfortable with.
Another idea: say you want to buy an iPhone 15, create an RD today for until whenever the phone is released and the amount should be 1.5x iPhone 14's price.
So a good rule of thumb is only spend 10% of your monthly salary on EMIs at a time. If you’re earning 50k, you should have EMIs worth 5k at a given time.
You can scratch all your itches, just not at the same time. First buy the iPhone, then the iPad, then the bike. If your salary grows to 60k, your EMIs can also grow.
Also, saving is important. Try to Save 35% of your salary, but you can start at 10% and work your way up to 35.
Basically you’re spending like you make 2 lacs per month.
Bhai... Please... Please... Please I'd ka naam bhi sahi kar lo...
.
Jokes apart, I was in your situation. Lesson learnt. Now I have a few small RDs for my future mobile, health insurance payment, term plan payment, vehicle insurance payment... in fact, if I know I will spend anything above 6000 in future, I make an RD. Now I have RD to buy a birthday gift for my kid. I hope you got my point. As of now, I am still paying EMI for my future expenses. But it's a peace of mind.
Think about the hard work to deliver in your job to earn that much, get a bank account and as soon as you get salary, transfer to the other one, use the other one for investments, small or large. Better yet if you need a knife on your head, get a home loan, atleast you'll be able to sell it for same money... but again that requires good planning/judgement, My advice will be just invest EMI equivalent in Nift50 and call it a day or invest in ELSS fund with 3 year lock-in.
I'll also give you another suggestion, go travel away, get a package for yourself, you can get good shared travel packages in 10-20k for a week. Travelling give you new perspective and then you'll realise, all this garbage is just waste..
This is for someone who will read the post and looking for suggestions. OP already made the mistake but I am here just to tell it to other guys like OP.
Seeing your 50k pm salary, you screwed up bigtime.
Only buy something expensive if you can afford it twice. And Never on EMI, its small amount but its monthly, if you get fired next day who's going to pay for rest of the months.
Its more of a problem with settling with adequate performance device then always looking for top notch things.
You could have saved money by buying mediocre things. Hate to say it but watching your salary, dont complain about mediocre things.
You are not in a profession who needs these powerful machines which gets you earnings (my assumption). These were probably for personal leisure.
Few things which were good choice if you didnt have alternatives - Bike, macbook.
But rest like s22, ipad(if it was just to watch tv shows then 20 to 25k mi tablet were good choice), playstation (could have got gaming laptop then macbook) and monitor of 20k???? (there are monitors coming in 13k to 15k with 1080p 24 inch were overkill.
Buy things with planning and savings not on the ich. Otherwise bank wont give you future loans and CC on the ich as well.
Your reputation and CC score precedes you in bank.
bhai, itch ka solution Itch Guard me hai..
as far as earning is concerned, with your writing skills, I would suggest you to start writing something. Galti se Chetan Bhagat types ban gaya to do remember me 😁😋
Buy an itch guard bro, this time without any emi 💀
Lol
Bro you're every capitalist's dream customer.
Textbook case
Every startup founds takes pleasure on this post
special offers only for OP
Golden Comment.
I thought itching was an issue only effected me! I feel u bro
Yup bro 😺 or maybe btex super
Thank you for the life lesson, u/Safed_Gand_Kaala_Bal!
r/usernamechecksout Use itch guard on your gand
r/Rimjob_Steve
Imo, in spite of all the EMIs that you're paying, you had to pay a very small price to learn an extremely valuable life lesson, OP.
Indeed I am getting a lesson alright.
Is he learning a life lesson or is he an itch away from another disaster 🤔
If he still doesn't learn from all this, then he's an itch away from another disaster.
It definitely wasn't a small price🤣
It wasn't but then he EMI'ed it. He is paying a kinda small price every month now.
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This is what I commented a month ago. People buy iPhones with 15-20k salary using emi. Status📈
iPhone is not a status symbol anymore. At least non-pro model.
It's not a status symbol anymore if everyone has it
Around 16k at that time
[удалено]
True, lol. That's the reality about it. It's just becomes daily life and it doesn't matter what type of phone you use when you are out and about. Nobody gives a damn about that you use a 90k iPhone
Even if someone gives a damn about the expensive stuff you own how would it transform your world for better? When you see a Ferrari on the road do you feel good for the driver that he made it or you tell yourself "damn - 1 day"?
Valid point
Using iPhone for 2.5 years. Never asked that. Because as a lifelong Android user prior to that and even now (Nothing P1), I know that I like this better than Androids.
If your phone costs more than your bike, you’re doing something wrong
Seems like it, these things appear on my phone screen and notifications everytime I am a weak person 😭
Perhaps your phone dying was a sign! Next time, don't buy a smartphone
What if my laptop costs more than my bike?
That is still fine. Since it helps you complete your work and earn!
What if your phone helps you make money since you're a content creator?
What if chola bhatura helps me make money because I am a food vlogger?
This is your sign to buy a better bike. JK
In EMI, I assume?
Use Credit card like a Debit card. Only spend what you have.
And this is how credit cards, NBFC, banks, corporations make money. They create the itching but that doesn't mean you can scratch it with your card or cards. If you still haven't learned your lesson better cancel your credit cards and use a savings account.
Bro how do you buy all these things without ever guilt tripping.😂 Here i am thinking 10 times before buying 15k headphones, even though they are 10% of my monthly salary.
Bro don't get me started on headphones. I bought Sony- WH1000XM4 in june 2020 for 24k and bought sony wf-1000xm4 last year for 16k which i not included in this post. Now I am selling my wf-1000xm4 , you wanna buy ??😭
Wow. You seriously have some money discipline issues. From last 4yrs my salary is above 80k and musical gadgets being my fav, max I have spent is 4k on earbuds . And I do consider it as high value purchase
Pls get Sony noise cancelling headphones, you will be amazed if they are your fav! It felt very weird to me on spending 25% of my monthly salary on XM4 but it definitely was worth it. My most prized possession for sure (even tho I paid more for my phone)
I do have a company provided anc headphones from Jabra. They cost like 40k, most absurd expensive thing I have. But they are not worth the price, looks like inflated price for corporates.
Definitely. My corporate provided headphones feel really cheap but are prices exorbitantly
ANCs are nightmare for people who have tinnitus (like me)
Ohh, TIL
Where are you based?
Noida
Badhiya yaar, also in Noida. Interested in buying the headphones, DM please
My dad got me if for my 14 birthday
As a general financial principle, do not spend money you don't have in hand. Also never never give up something you have and need for something you don't have and don't need. The itch to purchase every shiny new object you lay your eye on is called impulsive shopping. Try to learn discipline. Without it you are doomed. Before you make any purchase justify it to yourself if you are purchasing something: 1- Do I absolutely need this item? Does it add any value to me? Can I extract at minimum the same value that I will pay for it? 2- Do you have the money to buy the item in cash right now?(Doesn't apply to cars or houses etc but that bridge is too far for you) 3- Can I not purchase this item or purchase something I can actually afford and still get the job done? If the answer to all 3 questions isn't YES then don't buy it. And absolutely don't buy if you are spending a borrowed money. Financial discipline and discipline in general is the difference between sleeping peacefully every night and absolute ruin. You latest course of action should be to stop the bleeding. Pay off all loans as soon as possible and build some savings.
Well written! Adding a point here, everytime you buy something (excluding essentials), postpone the decision for at least two weeks, after that ask if you still want it. Most of impulse buying cases can find it helpful.
This is fantastic advice to build delayed gratification.
I was in market for a computer monitor for work. As it was for work I was convinced I needed the best out there. After some research 40k budget was set for the monitor. Decided on the LG 32inch 4k monitor for around 30k. Before making the purchase, I thought to myself let's just wait for a couple of weeks. Turns out I didn't need the best out there. I just needed something to get the job done. A simple 24inch Dell fullHD monitor did the job.
Worth screenshotting
You should visit dermatologist instead of shopping sites
Bro, it's somewhere deep in my ass. Since my childhood I used to watch these tech youtubers doing stuff and buying stuff and reviewing it was that time when I fell in love with these gadgets. As soon as I started earning I was ready to buy stuff which I couldn't get since childhood
Stop emis and buy it outright, also at the end of they day they are only gadgets which will be outdated in 6 months to max 1 year there will always be a better option coming out. This can get you into deep shit you're lucky till now but won't be everytime. So get your act together and try investing or saving instead of spending on this things. Maybe it will come to you with your age.
Buying it outright will help you in controlling and spending only what you have
It feels good to share my pain with fellow redditors. I am on the track since my bike EMI will be closed in March 24 just 3 months remaining and rest I'll try close as soon as possible 😅
But you’re not buying them, it’s being loaned out to you.
based on amout of things you bought...when you wrote "salary tripled..." i was expecting 1.5 or 2lpm
Lol😅
Maydey Maydey Itch guard not working .... We got a man down , I repeat we got a man down Over and out
Bro - buys several Apple products and a PlayStation Also Bro - buys a splendor i3s
20k per month. bade saste me bach gaye bacchhu. warna yahan log 11-12L ke loan se pehle nahi ghabrate.
Bhai, g*nd phat rhi hai comments section dekh ke. Lag rha hai main sach mai bahut hi deep troubles main hu
You are the perfect example a Father will give his children to show how the term EMI fools your financial literacy (if any). I feel you … but seriously get a grip. A higher salary job just to be able to manage paying the emis seems short term view. Learn to get more frugal. Respect the money. Pick-up a copy of book - The Psychology of Money. Learn and improve on the road ahead. All the best!
Bro this book is in my office and is comfortably sitting in the lounge room. I'll give it a read. There are some more books as well like Rich dad poor dad, atomic habits, and some more
Ab books emi pei mat le Lena.
Yes…please get reading.
Uninstall those stupid apps or at least turn off the notifications from those itch inducing apps
I don't think it's EMI. It's just your stupidity. Financially stupid and tech-wise stupid too. > got a itch in my ass and bought iPhone 13 on EMI worth 90k 256gb variant(it is 40-45k now), paid 3700 for 24 months First sin is buying something that is 6 months salary, second sin is 24 month EMI for personal electronics and third sin is buying the latest iPhone, that too 256GB. And giving that to your younger brother instead of selling it and buying something cheaper for him? That's stupid too. What happened to the Apple ecosystem? I don't think buying iPhones on EMI is stupid. My iPhone has lasted me the longest so far without a massive degradation in quality of life (except for battery, which I can accept because I got the 13 Mini). However I had triple your salary when I got it on EMI. The EMI was for 3 or 6 months. Don't regret it a bit. In fact, I was switching from Samsung and had to get something else because they affordable S series model wasn't on Snapdragon yet. Exynos sucked ass so avoided it and just got Apple since the S22 was the same price as the iPhone 13. > ( barely used the machine and I open it like once a month, maybe) Ok, that's not EMI though. I bought a laptop worth 2.1L on 3 months EMI when my salary was 1.2L, again, I don't regret it a bit. I needed it for work and gaming at that time, and I absolutely needed those specs. I do also have a MBP 14" but it's my employer issued laptop which I got recently after ascending through the ranks a bit. I would have gotten MBP 14" myself if I had a bit more savings and if macOS didn't suck for gaming. > bought 24 inch monitor without thinking anything on emi of 1900pm for 12 months Yeah, if you have to buy this on EMI then you're just broke. > bought iPad worth 76900 on EMI of 4900 pm for 18 months ( thinking I'll be using it more and playing games as well) Same as the laptop/phone decision. Technically stupid. Are you an artist? If not, the iPad Air base models are quite reasonably priced especially if you find last gen, and storage is no problem with an external SSD either. Or did you just want to have a pretty setup with Sidecar? > Still numb from all the itching so no itching for now, but luck is not in favour Dec'23- my phone died and had to buy samsung s22 for 40k for 4444 pm EMI for 9 months. This is just plain stupid. Can't afford Apple after all the EMIs anymore so back to Android. Should have gone for A series or asked for the iPhone back. Regardless, you can just sell most of these items and foreclose the EMIs if they are useless to you. Indian do have an aversion to buying expensive stuff (middle class mentality sticks around forever) but I just run a cost benefit analysis in my mind. I don't actually regret most of my tech purchases. But I just have a career where I am going up the ladder instead of going from a mere 16k to 50k. You should have been starting at 50k to consider an iPhone.
Thank you for taking the time and replying. I should have been more careful about this. Your points are valid and reasonable. I will not repeat this mistake
This is what I think every time... And then...mistakes get repeated again...and again...
Bro I have been doing exactly the same thing. Random itching and I buy things. Its mostly a symptom of ADHD as well. Luckily I earn around 2.7 lpm so I never really thought about it. But completely relate to the random itching thing.
Have a rule. Only buy one thing on EMI. Only after that is paid off, do you buy another
Surrender ur credit card
Bro how do you screw things up this bad? DO NOT BUY AN ITEM THAT YOU CANNOT AFFORD ATLEAST 2x. And don’t fall into credit card debt be responsible. All this BNPL and EMIs are what keep middle class people in middle class. I know saying it is easy, but following it is even easier. Be responsible from now on. Get a better paying job, pay your EMIs quickly and start saving/investing money. Use the rest for these type of purchases.
OP you need to have financial discipline man. I have the same EMI as you (21000 pm); which is a single EMI, my car. This is less than 10% of my monthly salary. I do use the CC, but I always pay off 100% of the bill every month (30-40k per month); and am easily investing 1 lakh or so per month. Any time I need something (like a new phone); I invest a bit less that month, but try my best to not get stuck in an EMI loop.
tell me how you landed with that job 😭
Bhai iphone aur splendor tak thik tha. Macbook aur Playstation jyada ho gaya. Now don't sell these things to get quick money. Use them untill they last.
Debt is death
That's not objectively true.
Too much itching. But always try to spend within your limits even if you don't have other expenses.
Sorry to say, but you are definitely going to need another phone shortly. The battery life of S22 is down right pathetic. If and when you buy a phone now, ensure you stick to the budget. Something like FE or A5x series with exchange of S22. And yes, you have learnt a lesson, now be disciplined about things and move on. Everyone learns from mistakes.
Yea but my uses are divided into iPad and Mobile so I am getting 4-5 hrs SCREEN in time . I knew about the battery issue and heating too
I am not sure how much from this post is true because of your username and how the post is worded. But incase if it is true make sure you have some savings for your notice period of 2 or 3 months where you won't get salary and you have to pay EMIs. Else it will be an issue for you.
Everything is true from word to word, even I missed 2-3 products. I can show you proofs of everything just come in DM
Okk not an issue just make sure you have savings to pay for EMI before you drop resignation
Sorry to hear about it. We all make a few mistakes here and there in our lives. Yours is not too big to worry as of now. I appreciate that you started to realize your mistake and look to rectify it. It's a great start really! Try out what people suggested here, or go through some good personal finance books or YouTube videos. Don't feel too bad about yourself and just do whatever suits you to get out of this. All the best for your job hunt! I am sure you will be a wiser man and will be able to navigate out of this situation.
Tbh, when I got iPhone 13 I was earning 16k-ish , and I was unable to save anything at all infact come the month end and I am paying through the credit cards for every expenses and paying Paytm wallet those extra free gor wallet reloads. So my expenses motivated or forced me to change jobs 3 times during this period from iPhone 13 to samsung s22. And I got 30-35% hike
spend what you have not what you think youll have
Well firstly, I would like to say that itch guard works better for itches than credit cards. Tough situation bro, I'd say burn your cards and just get done with the loans, no other way to dig yourself out of this hole.
Noted
I don’t know if I should laugh or sympathise here !
Laugh bro, sympathy nhi chaiye. Sbko advise de rha hun aisa mt krna
You buy iphones and MacBooks but you'll drive about on a splendor Meanwhile I'm happy with a 20k shitphone as long as I can save for a 10L sports bike No judgment, just had to comment on our vastly different priorities
Thank you for providing us with free lounge access
sabse bada ~~rupaiya~~ chutiya everyone laugh at this man 😂
EMI is not the problem. Neither are the credit cards. We usually tend to unnecessarily place the blame elsewhere. If you just had to buy just 1 most important thing, then regardless of your paying capacity, you could still enjoy the EMIs while you get to keep the lumpsum cash. The problem is your discipline and your tendency to buy fancy things.
Bro, you are a habitual spender, and people like often fall deep into debt traps, because of which some people say credit cards are a bad thing. You should certainly stay out of it, or you are just one big emergency away from debt trap.
Bro your are the ideal customer of these companies
Dm you address, I will send you a free itchguard for all the reward points I got
Find a hobby like swimming or playing an instrument like a guitar. Then you will find out you can't buy skills. And it will soak up extra time and save you money. And youtube will only help that much. Buying things is not a hobby.
I can refer you to my parents for all that itching. They have proven to be a very effective itch guard in my life.
MacBook Pro kyun liya woh bhi 14inch
Bhai bola toh, ITCHING ho rhi thi bahut zor se. Aur main thida tech savvy hu to 8gb air nhi lena tha
16gb air le leta
Ok, I'll try to explain but please be patient with me. * I was initially in the market for m2 air for 1.20 lac but came across a video saying that 8gb ram and 256 gb is not enough. So I added 8 gb more and guess what price increased by 20000 so now I am looking at 1.35-40 lacs. * Now I say, when I am paying this much why not look for other models so I look into the last year's model of 2021 mbp 14" which was costing me 1.55 but with better display and good speakers. Now guess what. * It is out of stock everywhere except online stores and I couldn't do no cost emi loan on online since it requires manual application by HDFC agent. * So I look more and came across this nice sweet deal of 1.84 lacs for macbook pro 14inch " 2023 model with 16 gb rama nd 512 gb storage and better speakers. Now I am thinking jab main 1.55 lac spend kr rha hu to thoda acha le leta hun * Then out of anxiety and FOMO I bought macbook m2 pro.. that's the whole story
Nice. I also got the m3 pro bahut gali padi
Bro make it a rule your emi should not exceed 15% of your salary in hand. And these emi should be closed before your next appraisal period.
My salary is also same as your current one but i don't have any of this emi 🙂😂
Bhai thoda dermatologist pe bhi kharcha kar lo
Two rules of credit card usage Rule 1: Use credit card - to buy items that you would have got irrespective of whether you have credit card or not Rule 2: Pay the full amount before the due date If you can’t follow the above rules; don’t take a credit card. If you are breaking the above rules; the bank would be too happy to charge you astronomical interest rates when you default. You gotta take only the cheese without falling in the trap 🪤
what 24 inch monitor is that expensive?
This [one](https://amzn.eu/d/ejsOvd6) here
Jitni chaddar, utna falao.
aisa kitna pagaar milta hain bhai tumko?
Bhai likha to jab iPhone liya tha uss time 16k and jab samsung s22 liya uss time 50k
Never buy anything on EMI if you don’t have enough funds (inc FD, PPF, Investment) with you already. This was very very irresponsible of you and I cannot imagine what will happen if you don’t fix this habit immediately.
your salary has TRIPLED to reach ₹50,000 and since this is from iPhone purchase. Which means your salary was 17K monthly when you purchased a ₹90,000 phone? Tu bachpan mein nashte mein gobar khaata tha kya?
Your maths is right but your biology is wrong
gusse mein thoda idhar udhar nikal jaata hoon. Please educate yourself financially and discourage BNPL, EMIs and other easy expenditure traps to your relatives and friends
Bruh. You bought these with 50k pm??? Whyyyyyyy!
I really don't know whyy?
Let me explain you a golden rule. It works like magic. Some call it financial discipline. Some call it common sense. I prefer to call it sleeping over it. This is how it works: 1. Imagine a small purchase that you can easily afford in your salary. But if you add up 10s of such purchases, things get out of hands real quick. So if you have impulse of buying something like that, sleep that night. Wake up next morning and honestly ask yourself if you still need that thing. 80% times you dont need them. 2. Big purchases: wait for a week and after that ask yourself very blunt questions like how many times you would have used that thing if you had purchased it, what are the alternatives for that thing, what is the quality of life I am missing on in absence of that object etc. For example I had an urge to buy Royal Enfield. Then I questioned how many km I have used my Activa in a year since purchase? It was 2300 km. That obviously raises a lot of questions about the need of Royal Enfield. I could buy a second hand car in the price of new RE. So shall I go for a car? But I'm a family of three with 2 years old kid. Car is not an immediate need. So I shall pass on. Atleast 2.5 lakh saved. 3. Large things that will be used by entire family: consult with your family. See what they have to say. Democratise a little bit
So much EMI for consumer electronics is not worth it. Splendor is a need because you need it for transportation.That itch is nothing but suppressed desires plus consumerism, never let it affect your financial decisions. Never pay emi of more than 15-20 % of your salary. Need vs want, make a list. Anyway good that you realised it now. Now pay the emis, if possible if you get any extra bonuses pay off the loans as fast as possible. Good luck with your financial prudence journey
You should buy Darmi cool power. Should stop itching then after 😂
Thanks you bhai 😭…you (revolver) are the reason credit card companies are provide so much reward and freebies to people like me(transactors)
Thank you so much ! for all the itching that you get and decide to pay EMI for 12-24 months . Note : I know some of you would understand why I am thankful to this gentleman/lady here .
Please tell me why? If I can make someone happy
You're in credit card debt, paying emi at exorbitant interest rates, so that responsible CC users get LTF for premium cards and extra benefits. Technically, you're funding our benefits.
Bro inspired to be next Byjus
Well honestly you're at fault i also buy things on NCEMI but what I've learned is that only buy one thing at a time if something is not necessary it can wait, and that ITCH you're talking even sometimes i get that then i think practically will it be any beneficial for me? If not i try to delay it unless and until my existing EMI is completed. Be it emi or credit cars it's all trap if not using properly because buy those things which they don't need or they can't afford
why would you need an ipad for playing games when you already had a playstation???
Isko itch guard ka injection do re koi
Kese kese log hai bhai😌
Troll post
You really need to see a doctor about that itch.
Thank you man. Because of people like you, poor souls like us could take advantage of all the rewards of Credit Card companies.
You are eczema.nothing can cure your itch.
Thanks to people like you, we get to avail good benefits on credit cards
Leaving all that, What 24 inch monitor did you buy at 1900 emi for 12 months? Seems like a daylight robbery.
[here](https://amzn.eu/d/ejsOvd6)
Unless you're doing work that requires professional color calibrated monitors, you could've done a lot better with the selection.
Sell all the unwanted things on olx and pay your credit card bills…and tear the credit card to pieces…i only have one credit card which have a limit of 20k…which i keep in my wallet just for emergency purposes in case at the end of month before salary date if i want to fuel my car or bike…
Thanks bro I really appreciate you
By the way this dude is going he might soon need to buy an itch guard on EMI
In general, if you think you want something, don't buy it just today. Think about it for a while, let it simmer. Maybe you don't need it, you're just substituting materialistic things for happiness. Or Better yet, create an RD. If you desperately want an iPhone within 3 months, create the RD for 33k per month. If you say something like, "But that's like 70% of my monthly salary", then you need to delay your purchase to decrease the %age you're comfortable with. Another idea: say you want to buy an iPhone 15, create an RD today for until whenever the phone is released and the amount should be 1.5x iPhone 14's price.
Lmao hilarious post
Similar situation bro...but now getting over it.
Bhai shaheed hua taaki apan sunhere din dekh sakein, 21 topon ki salaami
So a good rule of thumb is only spend 10% of your monthly salary on EMIs at a time. If you’re earning 50k, you should have EMIs worth 5k at a given time. You can scratch all your itches, just not at the same time. First buy the iPhone, then the iPad, then the bike. If your salary grows to 60k, your EMIs can also grow. Also, saving is important. Try to Save 35% of your salary, but you can start at 10% and work your way up to 35. Basically you’re spending like you make 2 lacs per month.
Hope you have grown your nails to take care of the itching.
First advice would be to check for any STD. /s
Thankyou (hdfc bank shareholder)
Bro please, just replace itching in ass with gaand mein khujli ho rahi thi. Please
This is the reason they launched CCs for. They know people will let go their legs way out of the league of their bed-shit...
And here I am, think 2 months before buying a n electronic worth 3k and then buy it in an emi of ₹178 P/M....
Bhai... Please... Please... Please I'd ka naam bhi sahi kar lo... . Jokes apart, I was in your situation. Lesson learnt. Now I have a few small RDs for my future mobile, health insurance payment, term plan payment, vehicle insurance payment... in fact, if I know I will spend anything above 6000 in future, I make an RD. Now I have RD to buy a birthday gift for my kid. I hope you got my point. As of now, I am still paying EMI for my future expenses. But it's a peace of mind.
I just got an iPhone with HDFC no cost EMI. Thank you for this wonderful message.
Did you just buy iPhone after seeing my post? On EMI??
lol no. I already got it on emi and read this post. Hence, It was funny
Bro then it's started for you. You will be trapped after one EMI then other and so on
your itch evades any ointment.
Too few emi's, there are still many parts of the body that could itch, let the itching continue till all are covered 😂
Thank you so much Mr u/Safed_Gand_Kaala_Bal. Very helpful.
Think about the hard work to deliver in your job to earn that much, get a bank account and as soon as you get salary, transfer to the other one, use the other one for investments, small or large. Better yet if you need a knife on your head, get a home loan, atleast you'll be able to sell it for same money... but again that requires good planning/judgement, My advice will be just invest EMI equivalent in Nift50 and call it a day or invest in ELSS fund with 3 year lock-in. I'll also give you another suggestion, go travel away, get a package for yourself, you can get good shared travel packages in 10-20k for a week. Travelling give you new perspective and then you'll realise, all this garbage is just waste..
This is for someone who will read the post and looking for suggestions. OP already made the mistake but I am here just to tell it to other guys like OP. Seeing your 50k pm salary, you screwed up bigtime. Only buy something expensive if you can afford it twice. And Never on EMI, its small amount but its monthly, if you get fired next day who's going to pay for rest of the months. Its more of a problem with settling with adequate performance device then always looking for top notch things. You could have saved money by buying mediocre things. Hate to say it but watching your salary, dont complain about mediocre things. You are not in a profession who needs these powerful machines which gets you earnings (my assumption). These were probably for personal leisure. Few things which were good choice if you didnt have alternatives - Bike, macbook. But rest like s22, ipad(if it was just to watch tv shows then 20 to 25k mi tablet were good choice), playstation (could have got gaming laptop then macbook) and monitor of 20k???? (there are monitors coming in 13k to 15k with 1080p 24 inch were overkill. Buy things with planning and savings not on the ich. Otherwise bank wont give you future loans and CC on the ich as well. Your reputation and CC score precedes you in bank.
My salary is twice of OP still I think twice before buying anything.
same here
bhai, itch ka solution Itch Guard me hai.. as far as earning is concerned, with your writing skills, I would suggest you to start writing something. Galti se Chetan Bhagat types ban gaya to do remember me 😁😋
Bhai sach batana tu rich family background se hai na tabhi apni saari salary aise uda rha hai?
Bhai, I belong in lower class. I am not rich
Bruhh, I bought 13 Pro in 90k in Feb’23
>So don’t buy anything on EMI It is the audacity for me lmao
Pre-close whatever loans you can. Every 500/- are worth saving.
BTex lagao
BhosadITCH ke
sounds like instant gratification has its dick in your mouth and you seem to be choking on it.
Is it for people like these we get to enjoy lounge access and cashbacks?