Topic: If you were in desperate need for money.... - page 45. (Read 209030 times)

Quote from: BeGoods on April 09, 2017, 08:29:43 AM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

If you are saving regularly then you should increase the percentage of saving so it will make you to save more instead of spending on useless things and if you have saved good amount of money then you don't have to borrow it from your friends and family and that will keep your reputation intact.

back the funds will be needed when you are in need of emergency cash. therefore allocate more funds to save your money when you get a salary, do not use your salary for things that are not necessary

Saving is the best habit and if you have saved money regularly then it will take care of you in this kind of situation so that you don't have to depend on others to get money and may be your friends and family won't be able to help you out each and every time.

That's true and I believe everyone should learn how to save regardless of our status in life, time will come that we did not expect we need more money, so at least we have something that we can use. Also, saving is not only for that purpose alone, it can also be use for business plans in the future and that thing could really help improve your life though.

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Quote from: phaddie on April 09, 2017, 08:01:17 AM

Quote from: phaddie on April 09, 2017, 08:01:17 AM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

If you are saving regularly then you should increase the percentage of saving so it will make you to save more instead of spending on useless things and if you have saved good amount of money then you don't have to borrow it from your friends and family and that will keep your reputation intact.

back the funds will be needed when you are in need of emergency cash. therefore allocate more funds to save your money when you get a salary, do not use your salary for things that are not necessary

Saving is the best habit and if you have saved money regularly then it will take care of you in this kind of situation so that you don't have to depend on others to get money and may be your friends and family won't be able to help you out each and every time.

BeGoods

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Quote from: ethereumhunter on April 09, 2017, 08:25:45 AM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

If you are saving regularly then you should increase the percentage of saving so it will make you to save more instead of spending on useless things and if you have saved good amount of money then you don't have to borrow it from your friends and family and that will keep your reputation intact.

back the funds will be needed when you are in need of emergency cash. therefore allocate more funds to save your money when you get a salary, do not use your salary for things that are not necessary

revans

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Quote from: Pattart on April 09, 2017, 08:18:38 AM

Quote from: Pattart on April 09, 2017, 08:18:38 AM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

therefore borrow is the last step when you have no other way to get emergency money. because you also have to return the borrowed money with interest dude

i am agree because before we borrow the money from other people, we should thinking how we can payback that money and how long we can give to that person. its better if we are seeking for a job in around our city and i am sure that there will be an offer to us to start work so we can have our own money. its not good if we only depend from other people and this could makes us become lazy and we don't want to get better life.

Having a day job is always an right move to make but if you need money desperately then you have to wait till the pay day to have money in hands and may be sometimes you need so desperately that you cannot afford to wait that long and in that case borrowing is the only choice left for you.

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Quote from: Pattart on April 09, 2017, 08:18:38 AM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

therefore borrow is the last step when you have no other way to get emergency money. because you also have to return the borrowed money with interest dude

i am agree because before we borrow the money from other people, we should thinking how we can payback that money and how long we can give to that person. its better if we are seeking for a job in around our city and i am sure that there will be an offer to us to start work so we can have our own money. its not good if we only depend from other people and this could makes us become lazy and we don't want to get better life.

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I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

therefore borrow is the last step when you have no other way to get emergency money. because you also have to return the borrowed money with interest dude

Pay what is agreed upon including the interest to keep the relationship intact, when you are in desperate need of money and you are getting help, you also need to return the favor which is paying the amount that you borrow, that's simple if you know your responsibility and you are a responsible person.

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Quote from: Fatanut on April 09, 2017, 07:14:05 AM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

therefore borrow is the last step when you have no other way to get emergency money. because you also have to return the borrowed money with interest dude

Ziskinberg

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Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

It's just that people think that it's alright with the lender for them not to pay their debt especially if the lender is their friend or a relative. They are thinking "It's probably okay if I just pay next month. At least I paid, right?" until that next month becomes next next month and so on.. Until he forgets that he has debt from his friend. Of course the friend will still have the debt on his mind because he is low-key waiting for him to pay.

You don't need to build such reputation after you got the loan. In real life, even if you don't pay your debt from 2 or 3 people, it's alright. Your reputation is still good unless they spread rumors to your other friends. While here in bitcointalk, one unpaid debt destroys your whole reputation. It's kind of a good thing for the lenders since they know that the guy will pay them eventually since it's important here to maintain good reputation.

Bottom line it's till not good not to pay debt, if you do it with your relatives that will change the color of your relationship and when you do it with banks or lending company, you will be force to face legal consequences if they prefer to bring that case to the higher court. Our reputation is very important and being honest would help rather than making processing that are not bound to be fulfilled.

phaddie

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I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

If you are saving regularly then you should increase the percentage of saving so it will make you to save more instead of spending on useless things and if you have saved good amount of money then you don't have to borrow it from your friends and family and that will keep your reputation intact.

Fatanut

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Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

It's just that people think that it's alright with the lender for them not to pay their debt especially if the lender is their friend or a relative. They are thinking "It's probably okay if I just pay next month. At least I paid, right?" until that next month becomes next next month and so on.. Until he forgets that he has debt from his friend. Of course the friend will still have the debt on his mind because he is low-key waiting for him to pay.

You don't need to build such reputation after you got the loan. In real life, even if you don't pay your debt from 2 or 3 people, it's alright. Your reputation is still good unless they spread rumors to your other friends. While here in bitcointalk, one unpaid debt destroys your whole reputation. It's kind of a good thing for the lenders since they know that the guy will pay them eventually since it's important here to maintain good reputation.

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Quote from: GreenBits on March 29, 2017, 08:48:09 PM

I use to save some percentage of my earnings monthly for use in emergency situations.But if need a very big amount,then i would ask my friends or relatives a loan.But we should be careful in repaying these loans as it may even destroy our relationships if unpaid.I would try my best to avoid taking interest loans at any cast.

Paying your debt is the most important thing after you get the help. Sometimes we are just good in borrowing money but when payment time
comes we seem to forget, let's not forget that we are building reputation here and if we do not have a good one then we will surely not gonna
be given a chance to borrow again, worst if desperate times come again.

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Quote from: tracktorr on March 29, 2017, 06:35:51 PM

Quote from: bep42 on March 29, 2017, 11:49:42 AM

Quote from: michkima on March 29, 2017, 10:53:18 AM

Quote from: CryptoCurrencyInc.com on March 29, 2017, 08:05:49 AM

If I am short of cash and need money desperately then I will prefer to break my fixed deposit and help myself as I don't have habit of asking money from people around me as it creates a bad impression and it can spoil my goodwill too.

I agree. Thats the biggest thing to consider about borrowing money as you'll have people's trust in you on the line aside from the money itself. If you have something esle to exhaust like a few savings, or things you don't actually need that you can sell, you can do that. Though if you really are out of options, nake sure you don't bresk the trust of people who helped you

Yeah that's right if you borrow money from people around you then make sure that you return them money on time or else it will spoil your relations with them and in future if same situation comes across you then they will not be willing to help you out.

It is he legit way of dealing with money problems, though you have to be very careful to not borrow from people who charge a really big interest on the loan. If you borrow with a high interest, you might even be more buried in debt than you were before you borrowed. You should not dig a bigger hole.

What you are saying is true but I dont think that your family and friends will charge interest from you as they have faith in you that you will return them back on time but if you are borrowing from unknown person then he can charge you heavy interest.

There is a proverb that says that if you want to lose a friend, then borrow money from him. A person is more responsible when he takes a loan from a bank than when he lends a friend. Always think that a friend can wait and as a result of friendship is over. Therefore, friends and relatives are not an option to take money.

There is merit in borrowing money from friends and family, but it should be an act of absolute necessity. Just make sure you can pay it back. You are absolutely right this is the quickest way to ruin a relationship. But a parent, or a sibling, or even a grandma, can help you out of a really crappy situation. This is what family is for, to provide support in times of need. But the 'loan' should be good faith, or be a gift instead.

One way we can accept that based on the absolute requirement we can request to help without ruining our relation. Loanswere the best to get if we are good enough with scheduled tasks to repay the amount in within the time that's been provided.

GreenBits

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Quote from: tracktorr on March 29, 2017, 06:35:51 PM

Quote from: bep42 on March 29, 2017, 11:49:42 AM

Quote from: michkima on March 29, 2017, 10:53:18 AM

Quote from: CryptoCurrencyInc.com on March 29, 2017, 08:05:49 AM

If I am short of cash and need money desperately then I will prefer to break my fixed deposit and help myself as I don't have habit of asking money from people around me as it creates a bad impression and it can spoil my goodwill too.

I agree. Thats the biggest thing to consider about borrowing money as you'll have people's trust in you on the line aside from the money itself. If you have something esle to exhaust like a few savings, or things you don't actually need that you can sell, you can do that. Though if you really are out of options, nake sure you don't bresk the trust of people who helped you

Yeah that's right if you borrow money from people around you then make sure that you return them money on time or else it will spoil your relations with them and in future if same situation comes across you then they will not be willing to help you out.

It is he legit way of dealing with money problems, though you have to be very careful to not borrow from people who charge a really big interest on the loan. If you borrow with a high interest, you might even be more buried in debt than you were before you borrowed. You should not dig a bigger hole.

What you are saying is true but I dont think that your family and friends will charge interest from you as they have faith in you that you will return them back on time but if you are borrowing from unknown person then he can charge you heavy interest.

There is a proverb that says that if you want to lose a friend, then borrow money from him. A person is more responsible when he takes a loan from a bank than when he lends a friend. Always think that a friend can wait and as a result of friendship is over. Therefore, friends and relatives are not an option to take money.

There is merit in borrowing money from friends and family, but it should be an act of absolute necessity. Just make sure you can pay it back. You are absolutely right this is the quickest way to ruin a relationship. But a parent, or a sibling, or even a grandma, can help you out of a really crappy situation. This is what family is for, to provide support in times of need. But the 'loan' should be good faith, or be a gift instead.

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Quote from: Cherylstar86 on March 29, 2017, 05:23:11 AM

In my personal aspects of life I will use my extra savings in my cooperative fixed money in case of desperate needs of money. Some people think that having money in an easy way could sustain in a long run and they don't prepare for deeper problems like what may occur in finances. They will end up borrowing money or engaging of loans because of unpreparedness.

This is a good solution of your desperation but I guess this isn't cannot be considered as desperation since you do have savings. We all know that savings is good for it but well still, there are times that we don't want to use our savings no matter happens. It's good to be prepared when this time is going to come to us.

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Quote from: bep42 on March 29, 2017, 11:49:42 AM

Quote from: michkima on March 29, 2017, 10:53:18 AM

Quote from: CryptoCurrencyInc.com on March 29, 2017, 08:05:49 AM

If I am short of cash and need money desperately then I will prefer to break my fixed deposit and help myself as I don't have habit of asking money from people around me as it creates a bad impression and it can spoil my goodwill too.

I agree. Thats the biggest thing to consider about borrowing money as you'll have people's trust in you on the line aside from the money itself. If you have something esle to exhaust like a few savings, or things you don't actually need that you can sell, you can do that. Though if you really are out of options, nake sure you don't bresk the trust of people who helped you

Yeah that's right if you borrow money from people around you then make sure that you return them money on time or else it will spoil your relations with them and in future if same situation comes across you then they will not be willing to help you out.

It is he legit way of dealing with money problems, though you have to be very careful to not borrow from people who charge a really big interest on the loan. If you borrow with a high interest, you might even be more buried in debt than you were before you borrowed. You should not dig a bigger hole.

What you are saying is true but I dont think that your family and friends will charge interest from you as they have faith in you that you will return them back on time but if you are borrowing from unknown person then he can charge you heavy interest.

There is a proverb that says that if you want to lose a friend, then borrow money from him. A person is more responsible when he takes a loan from a bank than when he lends a friend. Always think that a friend can wait and as a result of friendship is over. Therefore, friends and relatives are not an option to take money.

bep42

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Quote from: michkima on March 29, 2017, 10:53:18 AM

Quote from: CryptoCurrencyInc.com on March 29, 2017, 08:05:49 AM

If I am short of cash and need money desperately then I will prefer to break my fixed deposit and help myself as I don't have habit of asking money from people around me as it creates a bad impression and it can spoil my goodwill too.

I agree. Thats the biggest thing to consider about borrowing money as you'll have people's trust in you on the line aside from the money itself. If you have something esle to exhaust like a few savings, or things you don't actually need that you can sell, you can do that. Though if you really are out of options, nake sure you don't bresk the trust of people who helped you

Yeah that's right if you borrow money from people around you then make sure that you return them money on time or else it will spoil your relations with them and in future if same situation comes across you then they will not be willing to help you out.

It is he legit way of dealing with money problems, though you have to be very careful to not borrow from people who charge a really big interest on the loan. If you borrow with a high interest, you might even be more buried in debt than you were before you borrowed. You should not dig a bigger hole.

What you are saying is true but I dont think that your family and friends will charge interest from you as they have faith in you that you will return them back on time but if you are borrowing from unknown person then he can charge you heavy interest.

michkima

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Quote from: CryptoCurrencyInc.com on March 29, 2017, 08:05:49 AM

If I am short of cash and need money desperately then I will prefer to break my fixed deposit and help myself as I don't have habit of asking money from people around me as it creates a bad impression and it can spoil my goodwill too.

I agree. Thats the biggest thing to consider about borrowing money as you'll have people's trust in you on the line aside from the money itself. If you have something esle to exhaust like a few savings, or things you don't actually need that you can sell, you can do that. Though if you really are out of options, nake sure you don't bresk the trust of people who helped you

Yeah that's right if you borrow money from people around you then make sure that you return them money on time or else it will spoil your relations with them and in future if same situation comes across you then they will not be willing to help you out.

It is he legit way of dealing with money problems, though you have to be very careful to not borrow from people who charge a really big interest on the loan. If you borrow with a high interest, you might even be more buried in debt than you were before you borrowed. You should not dig a bigger hole.

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