Is the intention of saving money to clear debts reasonable.

[CALVINDOL]

What ever the case may be , majority of individuals may carry out daily responsibilities and activities that will totally make them become indebted to another based on the issue of money . There is absolutely nothing bad for you to borrow money from another individual because for what we know the reason behind the borrowing of money could be something serious and something bearing the need of Swift and quick money involvement so as not to escalate into something irreparable . An individual no doubt may have a particular perspective awaiting him or her so as to be able to repay the loan that he or she has possibly collected from other financial institutions or financially established well-meaning friends of his or hers . But sometimes our intention to have a clear shot to repay back the loan we collected may not come as expected and as planned and for a certainty we may have to save money gradually so as to repay the loan we've collected .

No one love to be indebted to another especially when it is based on money all monetary issues and so because of this , you may want to relieve yourself off the debt that you owe to another by saving money gradually to do and accomplish so . They are so much reasonable and accomplishable goals that we can possibly when we save money and the acts of saving money for the purpose of repairing a debts is indeed a reasonable and positive reason to actually save money .

 

[TOZZIBLINKZ]

There is absolutely nothing wrong for an individual to have the intention all the action of saving money for the purpose of repairing debt , and if as an individual who possibly could be indebted to another person also a financial loan giving organisation , you are left with no option to save money then there is absolutely no one holding you to do so but rather you should go ahead to do it because it is better than not repaying the loan at all . An individual may constantly find him or herself in a situation where he or she has no other choice or option but to borrow money from loan granting organisation or possibly from a financially established well-meaning friend of his or hers , but for the purpose of sealing a deal so as to get the required money he or she must endeavour to repair back in the dued and agreed date and time .

Saving money could be for different reasons and purposes and the act of saving money so as to repay a borrowed loan is indeed and accomplishable and achievable goal and objective we can totally safe money to do .

 

[Abigael]

Taking loans is part of life. Though it should be a well taught decision with plans on how to pay back the loan. You should not just jump into borrowing, especially if it is for luxury. It is better to borrow to start a business or invest, that gives you a purpose that ensures that you get money to pay back the loan.

Now taking a loan is so easy, the hard part is paying it back. But as I said, it is best to only take calculated loans. Planning on how to pay back a loan should include the earning method that will enable you to pay back the loan. Maybe an online job or your offline job, you need a source of money that isn't taking another loan to repay the loan.

You may need to cut down on your expenses so as to save for loan repayment. Learn so spend less so thag you can save more.