6. Postpone Buying Major Assets

As Indians, we all love to invest in tangible assets. From land for our dream homes to gold, we all love investing in such forms of assets as security. But if you are debt ridden, you might want to postpone this dream for a while. Investing in such assets can be a costly affair, especially if you have tons of debt to repay. If you go for newer and larger forms of assets, it will disrupt your debt payoff plan. You can’t afford to have additional financial burdens when you are not debt-free.