Type something and hit enter

ads here
On
advertise here

I'm new to personal finance in general and outside of using credit cards and obtaining loans, there isn't much in the finance world that I know of. Please contribute to the discussion so I may learn more.

A couple that are absolutely NO's

Timeshares - why are these so bad?

Payday loan -

Giving your Bank information to a collections agency

Lending family and friends money - If you are going to lend money, GIVE it to them and don't expect it back!

No Unless your life depends on it:

Home equity loan (?)

Keeping a credit card balance

401K Loans (?)

Whole life insurance - read the wiki on life insurance

co-signing loans - this could lead to some bad relationships.... be careful! Nobody co-signs a loan thinking they are going to get screwed in any situation.

What are some others that someone should never get into?



Submitted February 28, 2018 at 07:24AM by LotsOfStickyNotes http://ift.tt/2COVCLC

Click to comment