Nowadays young generation of our country is more interested in EMI i.e. Equated Monthly Installment over SIP (Systematic Investment Plan) or regular savings. This is why a thought came in my mind to write something about EMI vs SIP. This tendency has been increased due to increment in the use of E-commerce portal. The credit card has also added fuel to this tendency. In an office floor with a capacity of 500 persons, you can easily see at least 50 new mobiles or some other electronic items are coming from Flipkart, amazon etc. They are more interested in buying it on offer or discount even if they don’t require it. 
Also Read: How a credit card can ruin your finance and how to protect it.

In addition to the above, home loan, consumer durable loans and personal loans are adding burdens to the youth for their status war with their peers.

One should spend as per their requirement. Don’ t go by the offer and try saving at least ten percent of your net income in the regular savings scheme like equity SIP or recurring deposit.