Tuesday, August 12, 2014

Tips for Borrowing Money

So, you’ve found yourself strapped for cash until that next paycheck? Don’t beat yourself up. The best and most conscientious of people sometimes find themselves in this situation. If it happens to you, then be smart about getting the cash you need to “get through.” Make sure you borrow from the right places.

To begin with, never take out personal loans with family members or friends. As tempting as it may be, you don’t want to risk ruining an important relationship or appearing untrustworthy in the event that “something comes up” (as it so often does), and you can’t repay the loan as expected.

Similarly, never borrow money from your boss or even bring the topic up. Doing so makes you look unprofessional and irresponsible, which are not traits you want to display in the workplace.

If you must take out personal loans, it’s always best to do so through a loan company, where the stakes aren’t quite so high and you don’t run the risk of causing additional, personal problems in your life.

No comments:

Post a Comment