Quit borrowing

[Bitcoin2009]

Actually if we are good at managing finances well then borrowing money is a good and productive thing, unfortunately most people borrow money for fun and unproductive things so that it makes us always involved in debt. from now on immediately stop these bad habits because it will make us regret.

[naikturun]

In my opinion, it's not bad to take a loan as long as we know how to pay, the only bad thing is that we don't know how to pay, the second reason is that other people are because the debt becomes a vice even if we say that we can pay the debt but it is already manipulating the borrowed money because it just goes to things that don't really help them.

   That's why it's good to borrow if it's used in a way that can produce money as well or be used in a business that you want to do.
 Because every country in the whole world is able to borrow.

While it is true that taking out a loan can help fund investments or business ventures that can generate income, it is important to consider the risks involved. Borrowing money means incurring debt, and debt carries interest and fees that can add up quickly, especially if the borrower is unable to make payments on time.

[Uruhara]

I'm sure right now there are very few people who don't lend money to meet their daily needs, because our current needs are very large. If there isn't enough income, lending money is everyone's solution, even though they will have difficulty paying, but because they are forced circumstances, borrowing has become something that we often find, if our income can indeed meet our daily needs, then I agree with your suggestion because borrowing money is not for very urgent needs, which is wrong, because from our sufficient income we can create a savings account so that when there is a sudden need we are not forced to borrow.

Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.

[salad daging]

Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.

The price of goods and needs is increasing, while the salary that has been determined will not be able to increase significantly because several companies have arranged this. What can workers do when inflation is higher, while a month's needs will not be enough with the income they get?

That's the best solution with additional income because if we don't try to do this and only rely on the main income then of course it won't be enough, people can be successful because there is additional income and they can manage well by investing, whereas if what is get a little then it needs to be arranged again will be more enough what is needed.

Making a loan won't be a problem as long as we can fulfill it when we have to pay installments and don't burden it even more.

[Uruhara]

Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.

The price of goods and needs is increasing, while the salary that has been determined will not be able to increase significantly because several companies have arranged this. What can workers do when inflation is higher, while a month's needs will not be enough with the income they get?

That's the best solution with additional income because if we don't try to do this and only rely on the main income then of course it won't be enough, people can be successful because there is additional income and they can manage well by investing, whereas if what is get a little then it needs to be arranged again will be more enough what is needed.

Making a loan won't be a problem as long as we can fulfill it when we have to pay installments and don't burden it even more.

Correct. And the point is we have to be smart in measuring the limits of our financial ability or resilience before making a loan. Because making loans without measuring the ability to pay in the future is a careless thing that can make someone feel that it is not easy to pay off the loan they have taken. And the important point of having extra income is because we want to avoid loans. And so that we have more money that we can save or invest for a better future for ourselves.

[Pamadar]

Currently borrowing has indeed become a kind of common thing and is done a lot. Economic pressure that is increasingly not easy. High inflation and no significant increase in salary have been the triggers why our salary sometimes cannot meet all our daily needs for a month. So some people are forced to take loans to cover the shortfall. and that is a natural and common thing to do. And when our salary is no longer sufficient for our daily needs, the solution is to find additional income. with side jobs and such. I also did that and it became effective for me so I could avoid loans and pay off every loan I made in the past. At first it's not easy but when we get used to working more hours in our daily life then eventually we will get used to it.

The price of goods and needs is increasing, while the salary that has been determined will not be able to increase significantly because several companies have arranged this. What can workers do when inflation is higher, while a month's needs will not be enough with the income they get?

That's the best solution with additional income because if we don't try to do this and only rely on the main income then of course it won't be enough, people can be successful because there is additional income and they can manage well by investing, whereas if what is get a little then it needs to be arranged again will be more enough what is needed.

Making a loan won't be a problem as long as we can fulfill it when we have to pay installments and don't burden it even more.

Correct. And the point is we have to be smart in measuring the limits of our financial ability or resilience before making a loan. Because making loans without measuring the ability to pay in the future is a careless thing that can make someone feel that it is not easy to pay off the loan they have taken. And the important point of having extra income is because we want to avoid loans. And so that we have more money that we can save or invest for a better future for ourselves.

Most mistake or most thing that happened to people who loan money is they are being pushed to ask for more,

I mean, if they can repay the first loan, they will be forced to loan again to cover the first one,
meaning to say that it will be a never ending debt that they needed to cover from time to time.

Limiting or analyzing your capability is very important, if you are borrowing just because you wanted to
buy material thing, it's better to save money and try to reach the amount and buy only when you already
have that spare out of your savings.

It's the wise and responsible way of managing your finances. Buy what you can afford and save if you
wanted to have something and not to loan money for it.

[GideonGono]

For me if you couldn't afford it then don't buy it, if you don't need it don't buy it.
Most of us are in debt because of things that they want they would borrow money just to have it and there are some who also borrows money to celebrate.
Just be contented with what you have and spend your hard earned money wisely, try to invest avoid unnecessary expenses.

[khiholangkang]

Actually if we are good at managing finances well then borrowing money is a good and productive thing, unfortunately most people borrow money for fun and unproductive things so that it makes us always involved in debt. from now on immediately stop these bad habits because it will make us regret.

Therefore it is important for us to protect the flow of income and expenditure in advance, borrowing for things that are not useful such as vacations or luxury goods for heart satisfaction is a bad choice while income remains stagnant below standard, or 1/3 of the borrowing, it will leave a lasting wound to the financial flow. of course that's a bad thing to do, considering you have to make a deposit and interest on loan payments.
it must be left.

Even if it's for productive things, we really have to be able to calculate your net income from work, to balance taking on debt, because if, for example, in this situation it will also have a bad impact on the way the business is being carried out, even though the goal is productive things.
First protect the flow of finances, then calculate the expenses that must be done, or in short you have to make a rough budget of needs first, if you find money left over from your salary after calculating expenses, then there you can take out a loan to improve your business, but What needs to be noted is that the deposit calculated cannot be more than 1/2 of the remaining money.

[Mame89]

Many people think instantly when they feel they have no money or want to buy things they want, for example motorbikes, gadgets and so on, the presence of online loan services makes people easily in debt, they will regret it when they know that the interest paid is very expensive, it's better to immediately leave bad habits.

IMO, debt is not always bad, if we have a business spirit and entrepreneur who is qualified far above the average person there is nothing wrong with having debt with the aim of making money with our money. And vice versa. If we don't have the ability to do business, don't approach debt, even if it's only a little. Moreover, being in debt just wants to buy something that doesn't really need to just follow lust.

It's better to build insight, read lots of books, build relationships, community and other positive things than just thinking about how to get into debt for business. Self-ability in doing business is the most valuable asset, not just money, having money but not having the ability is the same as using a motorbike without wheels.

[og kush420]

When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

Some people are used to borrowing and they never pay back these kind of people are the opportunist
they are those who harm people and make it there habit to take loan and harm people with their attitude. May God save us from all all these thugs

[smile1218]

Borrowing money can be a temporary solution to financial issues, but still it can lead to more debt in the long run. Many people  live beyond their means, which is a major cause of borrowing money. One of the common type of personal debt is a credit card and is growing at a faster rate than ever before. If we live only within our means we will not end up borrowing. To avoid overspending we need to budget all the things that we needed and never buy things that is not necessarily needed to avoid borrowing money from the banks. And also borrowing money is not good if you will just use it in investing crypto currencies.

[raidarksword]

I felt guilty on this one hence I am used to borrow money from borrowing cash app available in my country though I have valid reasons to bite the offer due to emergency situations before but the importantly I am one payment away to fully paid my debt. So, after that I will not involved anymore with DEBT, I am over it period so that I can sleep quietly without thinking about debts.

[CryptocurencyKing]

I felt guilty on this one hence I am used to borrow money from borrowing cash app available in my country though I have valid reasons to bite the offer due to emergency situations before but the importantly I am one payment away to fully paid my debt. So, after that I will not involved anymore with DEBT, I am over it period so that I can sleep quietly without thinking about debts.

The thing is, these offers were made available so you could use them in emergency situations and meet up investment plans amongst others.

The thing is, people have abused the system, seeing it as one way to make free money. Many even borrow with the intention of never paying back.
That's an abuse of the whole privilege ad those that could have actually benefited from these loan offers.
Borrowing money isn't always a best idea. Sometimes, you've got to try until you find it to be a last option.

[imamusma]

Borrowing money can be a temporary solution to financial issues, but still it can lead to more debt in the long run.

The purpose of making a loan is to solve financial problems in the sense that the borrower has no other choice but to make a loan. They don't expect to encounter any problems during the loan repayment period, but the risk is definitely there because one never knows when your source of income will dry up and how your source of income will dry up.

In the Covid19 era, many borrowers had to experience loan repayment problems because their source of income was reduced. The government took the initiative to provide an extension of the repayment period wherein within a certain period of time the borrower does not have to pay a penny for the loan. However, after the grace period has passed, the bank and borrowers only realize the impact. Many bad loans lead to foreclosure of property, it is a risk that actually becomes a consequence for the borrower.

[Jody.Drummer]

I felt guilty on this one hence I am used to borrow money from borrowing cash app available in my country though I have valid reasons to bite the offer due to emergency situations before but the importantly I am one payment away to fully paid my debt. So, after that I will not involved anymore with DEBT, I am over it period so that I can sleep quietly without thinking about debts.

The thing is, these offers were made available so you could use them in emergency situations and meet up investment plans amongst others.

The thing is, people have abused the system, seeing it as one way to make free money. Many even borrow with the intention of never paying back.
That's an abuse of the whole privilege ad those that could have actually benefited from these loan offers.
Borrowing money isn't always a best idea. Sometimes, you've got to try until you find it to be a last option.

True, we have to place borrowing money as a last resort when the situation is urgent, and from that last option we must also consider where we will borrow money from. There are two choices, from relatives or family where there is definitely no interest that we have to pay, or from a loan provider company and we are required to pay interest and even fines when we are late to pay it on time. And we have to try the first one first, namely borrowing from relatives or family, if that doesn't work the final option is to borrow money from a loan provider company. We have to think long and hard when we are like this, and don't regret our choice.

[terencio]

Borrowing money is a vicious cycle that can trap you in debt. You may think a loan will solve your problems, but it will only make them worse. The more you borrow, the harder it is to pay back. The root cause is living beyond your means. You need to spend less than you earn and avoid credit cards that tempt you to overspend.

[leonair]

An unnecessary debt actually equates to having more financial troubles, there are many that can’t coat their wants  in shape with their wages mostly because of the class they belong to. But there are others that actually borrow money for critical needs or situations that their savings can’t really cover.

Unnecessary loans are taken by those who are addicted to gambling or drugs because usually they do not have any job and they do not get any financial support from family for these activities. and that's when they turn to loans. and they can never make savings and on the contrary face many dangers

Also there are many businesses that have been built through loan or grants and they went all the way to been successful. The only way loan or borrowing isn’t advice is when it is done to acquire material stuffs that are more less liabilities rather than a source of income or a means to save ones dear life. Otherwise loans aren’t all that bad

Those who take business loans make good use of it and the business thrives, in which case the loan does not matter to them. on the contrary it is very beneficial for them. and no big businessmen can run their business with their own finance they have to resort to loans and they are able to make good use of it and repay those loans on time.  So it will not be possible to Quit all type of loans.

[bbigtart]

Borrowing is very common here in our country, especially when it is our relatives. Letting them borrow money is easy but it is hard when you're asking them to return the money they borrowed from you, that's why I don't lend money to people anymore even if they are my friends or even relatives. Lending them money will just make them more irresponsible when it comes to financial thing.

They will pay you using money that they borrowed from someone else, and it will just keep on looping, a never ending cycle of borrowed money.

Not the pleasure of being in debt, or the habit of being in debt. all of us who are in debt certainly want to have all our needs fulfilled without being in debt.
But sometimes there are circumstances that force us to be in debt, which eventually spreads to other debts, as we said, in the end there is a lot of debt.

The suggestion is that if you can't increase your income, you can try learning to tighten your belt first. The existing salary is managed in such a way that the expenses that are usually required are there, even though they are not really important/need to be reduced so that you can repay debt.

Examples of pulses, examples of cigarettes, samples of food or drinks, examples of housing rental fees, etc.
How to save money should not only be for problems when we have debt, but we should also get used to it so that we can set aside income so that we have more spare money. Remember not to "miser" but get used to "setting aside".

[capedbaldy]

Those who take business loans make good use of it and the business thrives, in which case the loan does not matter to them. on the contrary it is very beneficial for them. and no big businessmen can run their business with their own finance they have to resort to loans and they are able to make good use of it and repay those loans on time.  So it will not be possible to Quit all type of loans.

A businessman will estimate the possible profits that can be achieved every year if they have high capital to build a potential business, so they decide to use a loan to increase business capital and all risks from the loan have been considered if the prediction of business development is not as expected, they must save a reserve fund to pay off the loan time. So I agree that if borrowed funds are used to open up business opportunities, don't use borrowed funds for gambling and drugs.

[blockman]

A businessman will estimate the possible profits that can be achieved every year if they have high capital to build a potential business, so they decide to use a loan to increase business capital and all risks from the loan have been considered if the prediction of business development is not as expected, they must save a reserve fund to pay off the loan time.

All businessmen know that, they need to allocate some reserve fund if ever the business fails. But that's also what they do to make the business operational and bigger and that's through borrowed funds. So, just in case the business succeeds, it all came from loan money that will get paid by the operations of the business. And in short, there's no cash that these businessmen have pulled out from their pockets.

So I agree that if borrowed funds are used to open up business opportunities, don't use borrowed funds for gambling and drugs.

It should always been the case, borrowed funds for operational business and not with gambling and other activities that may cause addiction.