To Borrow Money or Not? That Is the Question

November 3, 2009 by  
Filed under Blog, Borrowing Money?

Are you debating whether or not you should borrow money?

Lets be real, owing money to anyone sucks.  If I never needed another penny from a person again,  I can swear that I would not take it.  It doesn’t matter if you are borrowing from friends, family, or even the banks, no matter who it is you want to stay debt free.  I understand times are tough right now and people are continuously looking to obtain some funds to pay off their debt, but this will be considered revolving debt as they are just borrowing from somewhere else and eventually needing to pay that off as well.

Owing people money can change your relationship in a negative way, and I have seen this time and time again.  No matter what, you should always try to avoid borrowing money from family and friends.  If you have ever lent money out, then you know exactly how it feels for the other person. With the new year coming around, let’s do our best to stay debt free.


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