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Whether to borrow or use savings depends on the situation. Using savings avoids interest but may deplete emergency funds. Borrowing incurs interest but preserves savings. Evaluate interest rates, urgency, and impact on finances. Generally, prioritize savings for emergencies and borrow sensibly for larger investments or essential needs.
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What is a short-term savings account?
You should pay more attention in class. :)
How do you Borrow a pound on O2 Pay as you go?
how do you borrow a quid of o2
Need a loan but can not pay back?
If you need a loan but can't pay it back, you should not get a loan. You should rethink your 'need' and find another way to resolve it. If you borrow money that you can't pay back, that is a form of theft.
What are advantages to having credit?
Credit allows you to arrange your cash flow so that you can borrow enough money to buy a house or a car (for example) and pay later. You can't really use credit to pay for a down payment, so you do need to have savings also.
Does a co-signer help with your credit?
No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.No. A co-signer helps you borrow money and helps the lender by promising to pay your loan if you default.
Can you borrow from the same lender to repay a student loan?
i think you should not borrow the money because how are you going to pay back but if you have a plan to pay back go ahead and borrow
Do you have to pay money back?
Ethically: If you borrow, you should repay.
What is savings and mortgage?
Savings is money you put into an account that is yours until you want to withdraw it. It also collects interest. A mortgage is when you borrow money for a house and agree to pay it back under certain terms.
When you borrow money do you incur debt savings budgets or assets?
When you borrow money you incur debt.
Who should have high yield savings?
People with good credit should have high yield savings. This is because they are trustworthy with credit companies, and even with savings, they will pay the money back.
Condgress can borrow money by sellings US savings bonds?
congress can borrow money from the saving bonds
Can you borrow against personal savings account?
Yes. You can always "borrow" against your own funds. You can apply for a loan or just withdraw the amount you need from your personal savings account.
Should a person have a savings account for college?
Yes, a person should have a savings account for college. If you do not qualify for a scholarship you will need the funds to pay for your tuition and books.
The sources of capital for a sole trader are?
A sole trader can get capital from personal savings or from a family member. A number of them are able to borrow money from a financial institution if they can pay from a secondary source.
What is a short-term savings account?
You should pay more attention in class. :)
What do you have to pay when you borrow?
Interest
How do you Borrow a pound on O2 Pay as you go?
how do you borrow a quid of o2
