Indian Debt Trap: How to Identify and Escape It

Many people in India are having trouble with their loans.

Families are borrowing more money and not saving as much.

This happens when people spend too much, use credit cards like free money, and get many loans.

It's important to know the difference between 'good' and 'bad' debt, plan a budget you can stick to, and pay off loans wisely.

If you're in trouble, look at your loans and make a plan to pay them off.

You can pay the smaller debts first to stay motivated, and then attack the ones with high interest.