Borrow

These days borrowing has a bad rap.

Yes, borrowing money can be problematic if you use loans to spend more than you can otherwise afford. You should not borrow so you have more money on hand to pay for a lavish lifestyle of fancy food and entertainment and, in effect, live beyond your means. If you do, you will only dig yourself into a hole because you won’t be able to make your loan payments and will be required to pay back more than you initially spent.

That said, borrowing can be OK – even essential – if you do it wisely and responsibly.

Borrowing Reasons

Borrowing can be okay – even essential – if you do it wisely and responsibly.

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Borrowing Sources

There are many to choose from, so choose wisely.

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Key Concepts

Regardless the source of your loan, be sure you understand it.

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Loan Types

APR, Fixed vs Adjustable, Secured vs Unsecured, and much more.

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Credit Cards

Credit cards allow you to automate and track your monthly outflows.

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Credit Scores

Your score directly affects your borrowing power.

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