A good manager of personal finances, like a good businessperson, uses borrowed funds whenever possible.

Question

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A good manager of personal finances will aim to avoid borrowing funds whenever possible and instead focus on budgeting, saving, and investing to achieve their financial goals. Borrowed funds often come with interest and fees, which can add up over time and increase the overall cost of the purchase or investment. While businesses may use borrowed funds to finance growth and expansion, personal finances generally do not require the same level of borrowing to achieve success.

A Good Manager of Personal Finances, Like a Good Businessperson