July 3, 2025
Article
How to Manage Debt in India Smartly: Practical Tips for Young Adults
You just opened your credit card bill. Again.
The number at the top doesn’t look real. You scroll, hoping for a mistake, but it’s all there — the groceries, the cab rides, the late-night swipes you said you’d repay soon.
Debt has a way of creeping up, doesn’t it?
And if you’re feeling stuck in it, you're far from alone. Right now, household debt in India is at an all-time high, especially among people in their 20s and 30s. But we rarely talk about it — and that makes it harder to ask for help.
So let’s change that.
Here’s a calm, clear way to start managing your debt — without panic, without shame.
First, List Everything You Owe
Type of Debt | Amount Owed | Interest Rate | Minimum Due | Due Date |
|---|---|---|---|---|
Credit Card | ₹45,000 | 42% p.a. | ₹3,600 | 10th monthly |
Personal Loan (Zest) | ₹70,000 | 18% p.a. | ₹2,500 | 5th monthly |
Laptop EMI | ₹18,000 | 14% p.a. | ₹1,800 | 15th monthly |
Choose a Repayment Method That Motivates You
There’s no one-size-fits-all. Pick based on your personality:
Avalanche method: Pay off highest-interest debt first. Saves the most money in the long run.
Snowball method: Pay off smallest balance first. Builds emotional wins that keep you going.
Just start somewhere. Don’t wait to “feel ready.”
Restructure or Renegotiate
Lenders aren’t the enemy. Many will restructure loans if you just ask. A longer term, lower EMI, or temporary pause can give you breathing space.
It’s okay to say, “I need a little help.”
Automate the Basics, Track the Wins
Let your bank auto-pay the minimum due so you never miss a deadline.
Then automate just a little extra — maybe ₹1,000 extra on your highest-interest loan.
Track it. Watch it shrink.
Even tiny progress keeps you emotionally invested.
Be Part of a Community
Debt often feels isolating.
But you’re not alone.
Inside RYYT, people talk about things like “how I cleared ₹1 lakh in credit card dues in 8 months” or “the side hustle that helped me pay off my loan.”
You can ask questions anonymously, get support, and even help someone else who’s feeling stuck.
That shared energy is powerful.
Don’t Wait to Be Debt-Free to Breathe Again
Your self-worth isn’t tied to a loan balance.
You’re allowed to feel proud for trying. For showing up. For facing it.
And if you ever want a space to talk, learn, or just feel less alone — RYYT is here. Quietly in the background, cheering you on.
Summary Table: How to Start Clearing Debt
Step | Action | Why It Helps |
1 | List all debts | See the full picture |
2 | Choose a payoff method (avalanche/snowball) | Stay focused and motivated |
3 | Renegotiate EMIs or restructure | Get relief on pressure |
4 | Automate minimum + small extra payment | Build habits and avoid penalties |
5 | Track progress weekly | Reinforce consistency |
6 | Join a support community | Don’t do it alone |
Final Thought
Debt is real. But so is your ability to overcome it — with time, strategy, and the right support.
Now go take the first step.
We’re rooting for you.
👉 Join the early access community at www.ryyt.in