No doubt, everybody has their unique needs. Some may be special or some just waste. Do you have any dream?
In some example, people want a car, Home, Clothes, Holidays or any other material. They wish to get them.
But your priority. If you have less money. Other, you are going to buy a new car only to show richness. Then you’re really foolish. Please don’t mind about it but its sore truth. Because, after buying a car you just get a regret of stress. When you will take a great depth and then you haven’t any single payment source.
This will know as the painful path of life. Because the Dept is more painful than other critical situation. It beat is daily. If you have any doubt. Ask them who has lost all property due to high debt.
Here, Please concrete I’m not against to get a loan but you should recognize priority. Before going to the bank ask yourself some searchable questions.
Why do you need Loan?
Do you have any income source to pay installments?
Do you have any backup property in a critical situation?
Would you pass out dept soon?
Not only given questions but this topic is all about extensive research. Be smart to go forward. Bank will not tell you hidden facts of dept. They just attract you to get a loan after a single decision.
Conclusion: By the way, I recommend you to go away from any loan. Moreover, Invest money, save money and try to earn money. You should have your own money reserve option in critical situations.
To get more financial knowledge (Money Saving Tips, Financial Freedom, Money Ideas) Please go through my blogs >Gadi and Deborah Slade