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Do These 4 Checks to Fix Your Finances 💰

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About Do These 4 Checks to Fix Your Finances 💰

Explore Do These 4 Checks to Fix Your Finances 💰 with 281,961 views, 3,454 likes, and 48 comments. Experience the impact of this video content that has captured audience attention.

How much you earn doesn’t tell you if you’re good with money. Your habits do. Here are 4 simple checks you can do today: 1. EMI-to-Income Ratio Add up all your monthly EMIs and divide them by your monthly in-hand income. Ideally, this number should be below 30%. The higher your EMIs, the less room you have to save, invest, or deal with unexpected expenses. 2. What are you buying on credit? Think about everything you’ve purchased on EMIs or with your credit card. Is it helping you earn more or build your future (an asset)? Or is it simply something that loses value the moment you buy it (a liability)? If most of your debt is funding liabilities, it may be time to rethink your spending habits. 3. Credit Card Utilisation If your credit limit is ₹2 lakh and you’re regularly spending ₹1.6–1.8 lakh every month, you’re using 80–90% of your available credit. While doing this occasionally isn’t a problem, making it a habit can hurt your credit profile and may also indicate that you’re relying too much on borrowed money. 4. Emergency Fund If your income stopped tomorrow, could you pay your bills for the next six months? That’s what an emergency fund is for. Keep around 6 months’ worth of expenses in a safe, easily accessible place that isn’t linked to the stock market. It’s one of the strongest financial safety nets you can build. These aren’t hard rules. They’re simple checkpoints that can tell you whether you’re building a strong financial foundation. How many out of 4 do you already have? Let me know in the comments. 👇

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