I used to spend my money quite freely when I was younger. I went shopping nearly every single day and would think nothing of splashing down $350 for a single pair of shoes or a similarly frivolous purchase. Obviously, it didn’t take long until I was in major debt, at which point I needed to consult with a financial counselor in order to evaluate my options. I eventually took out a secured loan against my home, consolidated my bills, and got everything squared away in a few years, but I still remember that experience and definitely have a different attitude towards money now.
And that brings me to the point I wish to discuss today. While I certainly advocate living within your means, I do believe that there are times when it’s smart to take out a loan to gain some financial leverage. For example, getting a consolidation loan that carries a lower interest rate than your credit cards will end up saving you money in the long run, and is definitely the right play in that situation. In fact, as long as you exercise due diligence and compare loans to ensure you’re getting the best rates available, there’s no reason not to take advantage of these types of offers to help you get through a rough patch.
It’s even possible to get a loan if you don’t have any collateral. Many lenders are willing to extend unsecured loans to customers that meet minimum criteria, so bear in mind that those options exist as well.
No one wants to go into debt, but sometimes it’s unavoidable. If you find yourself in a precarious financial situation, perhaps you should consider a low-interest loan to help get things sorted out.
Every year after the Oscars broadcast, I make an effort to see some of the films that were nominated in the bigger categories. Blood Diamond received a total of five nominations, including two major ones: Best Performance by an Actor in a Leading Role (Leonardo DiCaprio) and Best Performance by an Actor in a Supporting Role (Djimon Hounsou). I’ve recently started to appreciate DiCaprio’s work, so I decided to give this film a chance.
I realize that I’m a couple days late with my recap of episode 2×18 of How I Met Your Mother, but in my defense, I watch four different shows on Monday night, so a couple of them obviously have to get pushed to the backburner. At any rate, the episode that aired on March 19 was called “Moving Day” and dealt with Ted and Robin’s recent decision to live together. Here’s what happened.