Home Money Matters THINK TWICE BEFORE BORROWING MONEY

THINK TWICE BEFORE BORROWING MONEY

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MONEY MATTERS

Its so scary how we sometimes fall into the trap of over borrowing or over commitment .At the end of the day who is really responsible to tell consumers when they have exceeded borrowing limits? The major set back is that when we as customers are told by our bankers that we do not qualify we develop an attitude. We start believing that they are jealous and envious even when the poor banker has never seen or met you in their life time. It’s even worse when you as the customer can trace them to your home village, that’s when village politics of witch craft and magic powers starts! Ladies and gentlemen sometimes it is for our own good that Banks refuse you money. Our desire for materials and or wealth puts us under pressure. The Banks must stand their ground and not give in to our demands.
A couple of months ago a friend of mine was so offended that one chain store would not advance her credit to buy a fridge. She was so disgusted with the cashiers as they told her the bad news. She whipped her salary slip and stomped into the manager’s office to show them her ‘gross salary”. Customers or people in general do not want to be told they are not ready to handle  money or even good with money. We have very fast paced lifestyles and there is nothing we can do about it .The reality is, as much as you can have instant coffee, you can also have instant access to thousands of pula from any financier.  We all want money and when we feel denied it is human nature to throw tantrums especially when we believe we have money to pay back!
It is not your gross salary that counts but ability to service your loans that makes you a good customer and a responsible adult. However, those who advance you money have a greater obligation to ensure that they do not impoverish anyone and even stand a chance to loose their investment too.
I believe the bulk of the responsibility lies with financial institutions to inform and teach us about money and access to credit. There are advantages and disadvantages in every situation and therefore money should not be excluded.
It is repulsive to be indebted beyond recognition simply because somebody failed to warn you of the dangers. I take it that customers are often at the mercy of creditors as a result of greed and pure lack of care on the part of the financier. We really need to have stringent policies that can police  and clean up  this country  of  household debts.

4 COMMENTS

  1. dikoloto have costed many people a lot of stress, suicidal thots, so ppl lik to leave beyond their means…………………….

  2. Exactly, ‘…household debts.’, essentially debts over house contents, not buildings themselves! This is the disease that Batswana need to be purged of! Being showy and flashy over silly things that don’t secure anyone’s future or strengthen our economy are what we get trapped in! The level of unsecured loans for consummables or goods that depreciate in a flash like flashy cars has to come to an end!

  3. ZAGA NTATE…IF E SEO GA GONA BOROKO MARE GA E BATLE OE XONDA BAYA CAUSE O KA SENYA BUT DIKOLOTONYANA TSE DINGWE TSE GA DI MAAKE SENSE AND WE SHOULD LEARN GO ITSHOKA O EMELE PEI NYANA YA GAGO, BO MACHONISA LE BONE BA LE HOO, AISH DILO TSEO DNT EVER O DI IKATUMETSA CAUS LE GO IVAISA O KA GO DIRA ELE FA GO GATANG TSONE TENG.