Personal Loans


Did you accept a loan from family? You may come to a point in your life when you need to ask family or a friend for a loan If they offer to help you out financially you need to ask up front if this is a loan or a gift Sometimes a cash gift can be a spirit of generosity and you can thank them and their generosity However, sometimes you need to pay them back and you need to be responsible Create a payback contract and be realistic about it. Can you pay back one hundred dollars a month? Less? More? Figure out what is reasonable for you and stick to the plan. Pay it back monthly or you could potentially ruin your relationship Keep track of what you owe because it is your responsibility In sum, address what you can reasonably pay but make sure you also fund your needs, do not continue to punish yourself Just take responsibility and perhaps this person will be willing to help you if you ever need help again in the future To learn more please visit our website www.rumanek.com

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