Parents are always willing to do anything to give the best for the child. Especially for educational affairs. Must be number one. For the benefit of that one, not a few parents who are willing to do anything, even though debt. The question, is not it wise, the cost of debt for the sake of education?
Debt is not necessarily a negative. Debt can be a positive origin of the objective is not for expenses not necessary. For example, for shopping or merely fulfilling lifestyle. Debt to finance the education of children, of course, including one of the debts that can be tolerated. However, before deciding to go into debt, you must understand the risks.
Debt for Child Education Cost Bijakkah - DompetPintar.Com
First, you must be well aware that the rise in debt to pay principal and interest obligations. Well, it pays interest that you should not forget. Due to the often plagues this loan is interest. Secondly, the risk of seizure of assets as collateral if the loan is not paid off. Third, the debt is too concentrated can lead to volatility in psychiatric conditions.
You could avoid all these risks, if you are able to answer the following questions. Can you pay off your debt later? If the answer is yes, then, you can immediately execute the decision to go into debt. If still in doubt, then you should think of another way, besides debt. Because the impact ditimpulkan by debt can be very powerful.
If you are already convinced to go into debt, so the first time should consider is how you are going to pay? Whether by way of cash, or credit. If it is decided by the credit, the amount should not be more than 30 percent of your income in order not to disturb the household finances.
Well, because every tahuh tiered children's education, we recommend completing the loan in a period of less than a year. Because if the debt in the last school year has not been paid, but you also need additional funding again for the cost of the new school year, you can be the bigger debts.
