# @financewizardcl on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DS97w_HiRKW
- **Gondola URL:** https://gondola.cc/posts/59780958-financewizardcl-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/323626fde5.jpg
- **Posted:** 2026-01-01T12:17:05.000+00:00
- **Account Owner:** Chandralekha Mittemari Ravikumar (@financewizardcl) — https://gondola.cc/financewizardcl

## Caption

Let’s be honest..

India is slowly getting addicted to easy money.
And when this party ends, the crash is going to hurt.

Personal loans are growing at 17% a year.
Most salaries? 8–10%.
Prices around us? 5–7% inflation.

We now owe ₹12 lakh crore in personal loans.
But that’s not the scary part.

Earlier, people borrowed for hospitals or education.
Today, 35% of loans are for trips, weddings, phones, upgrades.
Not because we need them — because we don’t want to feel “left out”.

Taking a personal loan for an iPhone means paying 18–24% interest
for something that loses 40% value in a year.
That’s not enjoying life. That’s slowly making yourself poorer.

Already stuck in EMIs? No judgement.
Pause. Breathe. Look at the numbers.

List your loans by interest rate.
Attack the highest one first.
Pay minimums on the rest.

Simple rule to remember:
Don’t fund a lifestyle at 18% when your income grows at 8%.

- This is chandralekha and I love talking about money

#personalfinance #loan #money

## Stats

- **Views:** 50,000
- **Likes:** 1,565
- **Shares:** 0
- **Comments:** 20

## Tags

personalfinance, money, loan

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