ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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retirement
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unexpected emergency
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major purchases
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so you can loan it to your friends
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Detailed explanation-1: -Why Should You Never Lend Money to Friends or Family? Lending money can damage relationships with your friend and family, especially if they might have trouble paying it back. This emotional damage can often feel worse than losing the money.
Detailed explanation-2: -Saving can give you freedom. Saving provides financial security. Saving means you can take calculated risks. 22-Feb-2023
Detailed explanation-3: -Lack of consistent cash flow. Banks tend to favor SMBs that have a steady revenue stream and consistent cash flow coming in every month. Insufficient collateral. Debt-to-income ratio. Customer concentrations. Insufficient credit. Personal guarantees. Insufficient operating history. Economic concerns. More items •05-Nov-2014
Detailed explanation-4: -Buying a house. A home or mortgage loan is considered good debt. Home improvement loans. Building discipline and credit. Educational. Free up emergency funds. Growing your business. Credit Cards. Payday loans. More items