Rs 2.5 lakh monthly income, still Bengaluru man fell into a 'debt trap': One common money management mistake costed him 95% savings

A 29-year-old Bengaluru man earning a combined ₹2.5 lakh a month after taxes says he has lost nearly 95% of his savings after spending heavily on a ₹35 lakh home renovation and a wedding costing more than ₹30 lakh. With a car loan, personal loan and around ₹70,000 in monthly credit card spending, he turned to Reddit for advice. Users suggested stopping credit card spending, pausing SIPs temporarily, clearing high-cost debt and building an emergency fund.

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