Borrow responsibly

When I was kid my mom had me go to our neighbors house to borrow some butter. The butter was in a container and I didn't look in it on the way home. As we sat down to eat my mom opened the container of butter and roaches started to come out. That may seem disgusting but I tell you this so that you can understand the point I am going to make. Sometimes in life we borrow things such as money or take out loans and we don't pay attention to what we are getting into. If we are to borrow money for something we at least know what we are borrowing the money for. We should also know the terms and conditions related to the money we are borrowing. I was always told that if you can't pay it back then you shouldn't borrow. That is good advice. If you borrow something than you should understand before you even borrow if you have the means to repay the borrowed assets. I know when it comes to contracts that the terminology is always a little hard to understand. If I were to go to a doctor and have a surgery I would like to understand the circumstances involved be it the risks and benefits. I'm not just going to let the doctor cut me open and hope to see what happens later. That is how a lot of people are when it comes to our finances and borrowing. We don't take the time to understand and learn about what is happening. I remember when I was looking at which credit card to get that one of them offered a 9.9% APR but if I was late on one payment then it would change to 24.99%. As long as I was never late then I would have nothing to worry about. Life happens and sometimes things like being late on a credit card payment happens. That's when something like a really low interest rate turns into an outrageous one and something like that could have been avoided if we just take the time to pay attention to what we are signing.

Dinner wasn't an easy one after opening that container of butter and having roaches crawl out. We managed to kill them all and decided to have something else to eat. If we are not responsible and pay attention to what and how we borrow life will give us roaches too. If we are careful and responsible about how we borrow we can avoid getting roaches in our lives. Please borrow responsibly.