Reached a net debt of 180k Rupees at the age of 25 .

In my opinion, you should think of switching company who will pay you in lakhs. Software engineer with 3 years of experience are earning 1.5 lakh per month. Study hard and crack a interview in a solid company. You will be out of debt in just 1 pay cheque. Think of coming out of this debt trap Asap. Meanwhile, convince your parents to limit their expenses for 4-5 months so you can prepare with free mindset. Goodluck!

Married, combined salary= 130k/month. Two personal loan emi. Total emi= 58K. Total loan amt = 40lakh (including my father’s which i have to repay).

Currently searching for a better salary. Keep going…

You need a routine... one routine and one discipline and for the rest day you can be as much lazy or shameless as you want but one routine (like workout for an hour) and one discipline like 'Will have one healthy meal a day!' Or 'Will put in 1 hour everyday upskilling'. Start with this... and scale up when you feel like levelling up. Posting here shouldn't be the last thing you do.

Read Laziness Does Not Exist

Iam not sure if it helps but when we were using credit cards like nothing we were always in debt .so my husband and myself decided to close everything. all credit cards were closed and deactivated . Simpl / paylayers / lazypay all accounts deleted .we did took hand loan to close everything but got them cleared in next month . This was the best decision we took and considered spending with only cash on hand .

Now we are out of debts no unnecessary spends and happy no bills to close . You should surely do that and see how relaxed and happy you will be .

1. You need to switch as soon as possible to a job with atleast double your salary and it's possible with your current package with higher chances.
2. You need to make a strict pattern of not spending the money however you want, otherwise it won't take time to convert this 180k to 1800k or 18L in a year regardless of how much you earn.
3. You are stuck in a debt track now and maybe you need a year atleast with the current salary to clear it off.
4. Credit card debt trap is the worst as you would have to pay compound interest monthly. 3% monthly compounds to 42.5% annually is a misconception. The reason is you aren't considering 18% GST on the interest and it compounds to 51.8% annually.
5. If you are paying just the minimum due, you are never gonna get out of this debt trap. So please pay as much money as you can in the beginning itself and be a miser the rest of the month.
6. If possible, try to convert this whole amount into EMIs as it would lead to a minimum due of (180k+interest as applicable)/(no of EMIs to pay).

I am not criticizing you, I am just mentioning these points so that you can get out of this damn trap as I was once in this and severely burdened financially.

I'm in the same situation the only thing is I'm earning 2 lakhs per month

Cheers

Can relate totally, if I can accumulate all the expenses I did on Zomato/swiggy alone where I could have easily had homemade dinner, the expense could easily go above 2L lol. It is indeed a guilty pleasure. Just spend wisely brother.

Switching and earning more are the only options.