⦁Some loans can actually help you grow in the long run. Borrowing for education, a home, or to learn new skills adds lasting value to your life. These are called essential loans because they help build your future. Such borrowing is an investment, not just an expense.
⦁Loans taken for wants like vacations or impulse buys can burden you long after the fun is over. The excitement fades, but the payments stay. Such borrowing often leads to regret. Spend thoughtfully and save for what truly matters.
