First and foremost I am not from the USA, or the UK.
I was wondering if it would be a good idea to loan money from a bank for something you want like a used motorcycle. I don't necessarily need it but I see it as something that I would buy around a year or two from now. I have a good source of income (although not big), no debts as of now, and newly started on investing since I was inspired by this subreddit. Should I wait a year or two from now or just get a loan to get what I want at a time sooner than a year?
How the loan affects me is as follows:
50% = payment of daily living which includes gas, rent, and food
40% = loan payment
10% = savings/investments
Thanks reddit!
Submitted May 21, 2017 at 05:16AM by clarkkentmaster http://ift.tt/2qKmckI
