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With the ever-growing digital space, borrowings have become much easier. It’s quite important to note that an incessant need for cash can push you towards an irrecoverable dent. You shouldn’t allow advertising gimmicks to lure you into taking on borrowings. You may just be caught up in a debt trap because they go by what’s being sold
Emergencies can come your way anytime & then your savings may not be enough to combat money matters. Also, using up your savings completely will not be that nice. The savings step can even backfire when your future financial backup will deplete. What will you do when you will need better assistance later in life?
Belonging to an Indian middle-class family all through my life, I have been very careful about managing my expenses in proportion of my earnings. I always made sure to put some part of my earnings into my savings account and accordingly manage the spending. But no matter how much you plan your finances in advance,
Life is unpredictable; you never know what it may have in store for you. Emergency situations are no different, as they come when one least expects it. It can be a fatal accident or a disease or even a job layoff. The odds of dealing with such situations with the help of money are always