Master Your Money: The 2-6-10 EMI Rule to Avoid Debt Traps

• The '2-6-10' rule helps manage EMIs and prevent financial strain amidst easy credit availability.
• The '2' means an item's cost should not exceed half your monthly income (e.g., Rs 25,000 for a Rs 50,000 salary).
• The '6' suggests keeping EMI tenure within six months to reduce financial stress and total interest paid.
• The '10' indicates your monthly EMI should not exceed 10% of your income (e.g., Rs 4,000 for a Rs 40,000 salary).
• Following this rule ensures expensive purchases remain a source of comfort, not debt, by protecting your budget and savings.