4. Your Choice Can Affect Someone else

If a financial decision can ultimately have a negative impact on someone else, it's probably a bad decision and you should seek alternatives. Maybe you're the one who needs a cosigner to buy a car. Your parents or a sibling might be willing to help, but if you have a history of being irresponsible with your bills, paying the loan late can hurt this person's credit history and drive a rift in the relationship.

The Choice Does More Harm than Good
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