The EMI Trap: Why Your iPhone Could Be Eating Into Your Future Wealth
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said financing gadgets through loans locks monthly surplus into fixed payments, leaving less for savings or an emergency fund. He added that an EMI may be worthwhile only if the device helps earn or raise income.
More of Abhishek's views on debt and loans
A large share of premium phones in India are bought on EMIs. The article explains how no-cost EMIs can carry hidden costs, how several small instalments can eat into savings, and when buying a gadget on EMI may still make sense.
Publisher source
The EMI Trap: Why Your iPhone Could Be Eating Into Your Future Wealth