Professor Sorokina called the “necessary” things that it is better not to borrow at all 17:58

Deciding on a loan is effortless and there are so many different things that it’s best to never get a loan. With the agency “Prime” about this shared State University of Management Galina Sorokina Professor of World Economy and International Economic Relations.

“One controversial point is to take credit for organizing celebrations and holidays. On the one hand, the desire to “show” friends and relatives at first glance seems like a reasonable reason, on the other hand, such investments rarely pay off, and then only cause regrets, ”Sorokina said.

According to him, it is not worth taking a loan for basic necessities, food, clothing. Also, the decision often requires a balanced approach. The main thing is not to succumb to spontaneous buying decisions, especially in situations where you need to borrow money.

He added that a loan to pay off old debts seems an even more awkward solution, but only justified if the terms of the new loan are much better than before. Investment loan in general is a risky business, because it is better to take it with a clear business plan, taking into account all possible risks.

At the end of January, independent financial expert Sergey Makarov judicial spending salaries “to zero” is the main financial mistake of Russians. According to him, the 3 biggest mistakes in personal finance are applying for unnecessary loans and not taking expenses into account. If you do not plan the budget by considering income and expenses, there is a risk of spending all your savings and taking loans.



Source: Gazeta

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