July 26, 2009
When To Borrow Money?
If you listen to the TV and radio advertisements you would think you can and should borrow money for just about anything. Credit card companies and banks encourage this by constantly sending you credit card offers and increasing the limits on your existing credit cards. They use compelling arguments to try to convince you that you owe it to yourself to borrow money. You deserve to live a better, more fulfilling lifestyle. It’s the American way! As a result, many people are sucked deep into debt by borrowing money for things they should have never gone in debt for in the first place. So when is it a good idea to borrow money?