wahlau's online hut

is this a common question you have in your mind? Where are all the money when you need them? It is obvious that no one can live without money nowadays. Not that we must have lots of money like millionaires, but at least we have to have a minimum amount to supply all our basic needs. Basic needs here means 衣食住行 - something to wear, to eat, a place to stay and you can move around freely. I believe this is the most important part that we often misunderstood, and often crossed the line.

My principles, if you have read earlier sponsored posts, is to always have enough cash in hand (or soon to have) before making any purchase. In this way you will:

1. think more than twice before buying something.
2. never buy something you cannot afford.
3. will not buy more than what you can afford.

when you can hold on to the 3 points above, i believe even if you go for a loan, such as homeowner loans or personal loans, you are not gonna get into huge pile of debts later. Why? Because you plan. It is also possible to profit from such help, when you buy things you need, since you will buy things you need,which at times help you in many areas to ease your life instead of bringing trouble to you. You might ask "how come"? I always have the idea that things you need will be a help to you. What ever is extra, will be add-on to your expenditure. For example, having a washing machine when you need it, might help you to save time and trouble when it comes to laundry. a good one might even save on water and electricity. Without it, you will either need to go to a laundry or hand wash. Now if you can afford to hand wash, perhaps you don't really have that many clothes, having a washing machine is a nice thing, but an unnecessary expenditure. If you understand the concept behind this thinking, you might have an extra reason to think over your next purchase.

What does that have to do with loans? Some loans, such as cheap secured loans, is going to be a timely help when you identified something you need. if you can justify how it will help you in many areas, including financially, but still lack of the needed portion of money to make the purchase, a loan will be helpful. I personally think loans are neutral. What makes some think it's bad is how these people have used them without much planning. If you take up a loan, which you know is within your reach, and can pay up in time as planned, and you are buying something of worth, it is going to be your great timely helper. Unless you got disillusionised, and think you have all the money you don't actually have now - then you are getting yourself into trouble. :)

So when you have this question in mind next time, do spend some time to make some planning and consideration. You might find some thoughts will clear things up better, and helped you in solving your moolah problems.

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