When taking out a loan, reduce the amount you expect to take (9/10)

When taking out a loan, it’s a good practice to reduce the amount you expect to take 10 or 20% of what’s offered to you. When you underbuy, there’s more wiggle room in your budget which will help you save, pay off the loan quicker, and allow for emergencies.

Contributor: Ryan Skidmore from liftcredit.com

Written by Nathaniel Fried

Co-founder of Fupping. Busy churning out content and building an empire.

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