Things You Should Never Waste Your Money On
Fancy phones
Not owning a smartphone does not mean you’ll be outcast from the society. Many of us buy costly phones that cost double our salaries just to maintain our status in the society. What if you buy and you are unable to repay the money? It’s better to buy an affordable phone than spending half of your salary on EMIs.
Co-signing a loan
If you are co-signing a loan for a friend on something like a boat or a used car, think about all the financial risk involved. If by any reason you friend loses his job or unable to repay the loan, you’ll be responsible for the loan. Moreover, unable to make payments on friend’s behalf will drag your credit score down to the pits.
