Amazon sale s23 ultra 80k
Is it worth buying the Samsung s23ultra of cost 80k in Amazon prime sale today?(20/07/2024) I'm earning arround 45k and I'm already paying 20k for my car loan. And If I buy the phone in emi it is showing arround 8900/month Should I buy or not?
You already answered your question.
Ankur wariko gets a lot of shit on the internet but his one line stuck with me.
“If you can’t buy something thrice (without emi), it’s probably not the right financial decision to buy it.”
Doesn’t work always but it keeps you humble and helps with impulsive buying syndrome.
If you are from rich or settled background then go ahead. Yolo.
If not then it is time to read about investments and understand how compound interest works.
Good luck
You should let your money grow instead of growing your screen and camera size.
admiN
Stealth
2 months ago
You should get a phone in under 30k instead and buy some stocks or mutual funds. 20 to 30k ranged phones are good enough for most use cases. Also, 20k per month on a car loan + around 5k a month on maintenance cost, that's like more than 50% of your salary gone on a leisure that you probably could easily avoid with a public transport or a two wheeler. The rest 50% you wanna spend on more EMIs? You are already on the verge of falling into a debt hole. Either increase your salary or lower your expenses.
UnripeJourney
Student
2 months ago
U should do 20/30/50
Rule and see if this fits the bill may in 10 yrs
dragon
Stealth
2 months ago
No
SebastianFettel
Stealth
2 months ago
Shouldn't have bought the car in the first place, please don't get trapped into EMIs
Bought the car in march 2022 and 8 more months to go.
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