Personal Loan EMIs Heavy? Manage Stress-Free with These Smart Strategies

• Analyze your actual monthly cash flow by reviewing bank statements to understand spending habits.
• Aim for EMIs to be less than 30-40% of your income to avoid financial strain.
• Create a safety cushion by keeping at least one EMI amount in savings for emergencies.
• Automate EMI payments but check account balance before due dates to prevent late fees.
• Avoid taking new loans or using credit cards to repay existing EMIs; explore balance transfers if rates drop and prepay whenever possible.