EMIs have become a part of everyday life. Whether it is a car, a phone, or another expensive purchase, paying in monthly installments has become common. For some, it is a smart financial tool. For others, it marks the beginning of long-term financial pressure. A viral Instagram video has now reignited this debate, with thousands discussing whether living on EMIs is really worth it.The video features a man identified as Amit, who has a simple message for young people: buy only what you can comfortably afford instead of chasing expensive purchases. His comments have found support among many users, while others argue that EMIs can also help people achieve important life goals.
Amit’s message: Don’t let EMIs control your life
In the viral clip, Amit says people may make many mistakes in life, but there is one they should avoid.“Never get trapped in an EMI cycle,” he says.According to Amit, many people dream of buying a car, and parents often hope to see that dream fulfilled. However, he believes that taking on an EMI beyond one’s means can leave people spending their youth managing repayments instead of building financial freedom.
A purchase may bring happiness, but the payments remain
Amit says buying a car or any expensive item may bring pride and excitement, but only for a short time. If the purchase comes with financial strain, the initial joy is soon replaced by the reality of monthly repayments.He believes these ongoing commitments can force people to make compromises in other areas of life.
Financial stress goes beyond money
The video also highlights the emotional impact of living under constant financial pressure.According to Amit, worrying about EMI payments every month can affect both work and personal life. The fear of missing an installment, he says, can create ongoing stress that eventually spills into everyday life.
Spend only what your income allows
Amit advises people not to buy things that are beyond their financial capacity.According to him, if an expensive purchase is not comfortably supported by one’s income, it is better to wait. He believes peace of mind is more valuable than owning costly items that later become a source of stress.The Instagram post carrying the video echoes the same sentiment. Its caption urges people not to build a lifestyle on EMIs simply to impress others, adding, “True luxury is financial freedom. Today’s show-off can become tomorrow’s stress, and peace is more valuable than impressing people.”
Internet users are divided
The video has sparked mixed reactions on social media.One user commented, “You are right.”Another wrote, “I am already stuck in this loop.”As the discussion continues online, many users remain divided over whether EMIs are a financial trap or a practical tool that helps people achieve major life goals.Disclaimer: This story is based on a viral social media post. The views expressed are those of the individual and do not necessarily reflect the views of The Times of India.
