We often hear about the necessity of prioritising needs over wants. It is definitely right, but you have to consider that there are some secondary demands that can have a substantial impact on our quality of life and financial well-being.
Here are some secondary necessities that are worth obtaining loans for, as well as how quick money lenders in Singapore can help you meet these vital needs.
Personal growth through education
Most of us were told that a bachelor’s degree is enough for us to land higher-paying jobs and greater career opportunities that we’ve dreamt of. However, while it may be enough for many, further education will get you further in your career. That is definitely a compelling reason to consider taking out loans.
Imagine that you are working as a marketing professional with a bachelor’s degree but you are still not satisfied with your marketing knowledge. You aspire to shift your career focus to digital marketing, which is currently booming in use by many companies. But to do so, you will need to at least acquire specific skills and certifications.
You decide to take a digital marketing course but find the tuition costs exceed your budget. You are initially hesitant to take out a loan for it but realise the potential career benefits going forward. Finally, you decide to take personal loan assistance from a licensed quick lender to cover college costs and start your educational journey.
Over the next year, you will have successfully completed a digital marketing programme and earned several certifications in the process. These credentials will not only help you land a new job but also allow you to negotiate a higher salary. In a few years, you have not only paid off the loan but also significantly increased your earning potential and job satisfaction.
Home renovation and maintenance
Our homes are our havens, and keeping them in good shape is critical to our well-being. Repairing a leaking roof, updating outdated plumbing, or renovating a kitchen are all instances of secondary needs that can significantly improve our quality of life. However, these endeavours are typically costly and could make family members raise questions about it. However, there are compelling reasons to consider it.
Imagine a family that has been in their old suburban home for over a decade. Their family’s requirement for room and utility grows as they mature. Their budget, however, did not allow for extensive home improvements.
They chose to take out a home improvement loan from a licensed quick lender in Singapore after doing some research. Thanks to this financial assistance, they were able to transform their old kitchen into a more modern and cleaner one, rebuild their small bathroom into a comfy and relaxing refuge, and add an additional bedroom for their growing family.
Aside from improving their daily life at home their home improvement investment will also boost the value of their home. When they decided to sell their home, they were surprised to receive an offer that was significantly greater than the initial purchase price. It is because of the modifications they had completed in the past.
Reliable transportation
A lot of aspects of life require dependable transportation, from commuting to work to doing daily errands and attending family activities. However, whether you need to buy a new vehicle or maintain an old one, the expenditures might be significant.
Here’s an example: Melissa is a devoted professional who works in the heart of Singapore. Her job requires her to travel throughout the city on a daily basis. She relies on public transport, yet schedule delays frequently occur, adding hours to his daily routine.
She understands that cars not only save time but are also more convenient. Buying a car in Singapore, however, is a major financial commitment. Nevertheless, Melissa still decided to buy a car anyway. She then did her research and learned that she could obtain a car loan at a reasonable interest rate from a trustworthy lender.
Melissa’s daily journey has been smoother, as she is no longer reliant on public transportation schedules. It’s helped her become more productive, leading to income rises and new opportunities that exceeded the expense of the car loan.
This example shows how reliable personal transportation can have a huge positive impact on your daily life and professional aspirations. Its long-term advantages makes taking out a loan for it a smart choice.
Realise your secondary needs with reputable quick money lender
While prioritising needs over wants is essential for sound financial management, it’s equally crucial to recognise that some secondary needs are worth loaning money for, as they can significantly impact your overall quality of life and even financial well-being. Whether it’s investing in education, maintaining your home, or securing reliable personal transportation, quick money lenders in Singapore can provide personal loans tailored to these essential requirements. By making well-informed decisions and responsibly borrowing and paying for the financial resources needed for these things, you’re sure to have a better life.