Post
Topic
Board Economics
Re: If you were in desperate need for money....
by
freedomgo
on 30/09/2016, 08:48:14 UTC
I would consider selling things that I don't need, or that are not very important for me in my daily life. Then I would use part of the earned money to invest in something with potential to give me profit.
Yes its a wise idea than to borrow money to someone with interest. i would also sell the things that is not really important, but to prevent that scenario its better to start saving so you will have money to spend incase you badly need it.

I think if we can generate the habit of saving on regular basis then we will never face such tough situation when we need to spend some things or borrow it from people around us.
well yeah, i think saving is always a good decision to make right now, and you would never need money

Yep that's why you save an emergency fund just so you don't have to ask this question to yourself ever.
But if in need of desperate money I would resort to family since I can trust them and they can trust me. I'd borrow from them and pay it back asap.
There will be nothing better that you family because they understands better, if they can lend you money then it's good because they will not pressure you to pay right away but do not abuse them, you also need to pay as agreed.