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Three steps to save while clearing EMIs, per finance coach
Finance coach Aruna Keerthy shares a three-step method for saving while repaying debt, starting with cutting negotiable expenses and redirecting freed-up EMI money into savings.
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Equated monthly instalments can strain a monthly budget, especially when multiple payments overlap. Personal finance coach Aruna Keerthy posted a three-step framework on Instagram for building savings while repaying debt.
The first step is to create "breathing room" by cutting negotiable expenses. Keerthy recommended identifying one or two costs to reduce or pause for the repayment period.
Second, she said to stop taking on new EMIs while existing debt is being cleared. The third step involves redirecting freed-up cash flow. "Whenever an EMI or expense ends, redirect that money straight into savings instead of increasing your lifestyle. Even ₹2,000 or 3,000 a month can become your starting point," Keerthy said.