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22 January, 11:16

Financial choices revolve around three primary decisions: spending, saving, and

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  1. 22 January, 14:12
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    Answer: borrowing.

    When you have money you have to decide whether you want to spend/invest it or save for future spending. If you save it is because you can earn interests and increase the value of your money.

    Yet, you have a third option to consider. You can borrow money. Whether it is better to borrow money to spend today is a financial issue, and the convenience will depend on the cost of that money (the interests that you have to pay to the bank) and the benefits of using it.
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