For Youngsters in the economic crisis

1. This is the right time for young professionals to go on a financial diet, preparing a routine prescription for a healthy life for the times ahead.
2. “If you are paying too many EMIs on account of impulsive purchases, foreign tours and housing, first write off the liability breaking your fixed deposits or emptying your savings accounts,”
3. total amount of EMIs should not exceed 40 per cent of a two-member family’s net monthly income. In absence of home loan EMI, it must not exceed 20-25 per cent.