Reasons to Avoid for Borrowing Money

Organizing a wedding and wearing jewelry, those have been some of the most pleasant dreams almost every one of us has dreamed of licensed moneylender Singapore, indeed. However, you need to remember these kinds of things are the one you should pay with your own money, and not by borrowing money. Especially, if you do not want to be chased by the shadow of debt every night. Therefore, you should not think of borrowing money for these reasons, even from a licensed moneylender Singapore. Here is the explanation.

Wedding Party

Do you know that problems in regard to the economy of the family are the ones which have successfully made a lot of couples in the world make a decision to be separated from each other? When it comes to money, most of the people often turn to be more sensitive than they usually are. Although you might think that you and your partner are not one of them, who knows when both of you are finally faced with this kind of problems? Hence, it is better to start off you marriage without any problem, especially the economic problems.

Marriage is a sacred process which becomes one of the happiest moments in each of our lives. When you and your partner are ready to get married, you have to discuss and think about the source of financing which will be used to organize the wedding. The cost is not cheap that it must require you and your partner to set aside some money each month. Taking shortcuts by borrowing money to embellish the wedding party is one of the things that should be avoided because of the need after marriage is already waiting, either to buy a house, pay the mortgage, or preparing to welcome baby fund. Therefore, it would be better to have the wedding party according to your financial ability and your partner, without forcing by borrowing some money for it.

Buying jewelry

Actually, buying jewelry is one way to invest though would be far more profitable when you buy pure gold. But if you want to invest money in the form of jewelry, either gold or diamonds, avoid buying by borrowing money. Indeed, there are many jewelers who provide the lure to help finance by offering zero percent interest if paid within 6 or 12 months. Even so, you have to be alert because once you are late or fail to pay on time, the jewelry store will be charged an interest sizable. So, if you want to invest, you should be sure to buy jewelry with your personal funds, and not by borrowing money.