ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Top Purchases You Should Not Borrow Money For

Updated on August 19, 2016

There are right times to use credit to purchase something and there are also times when it is absolutely unwise to use it. Granted, using a loan than using cash is good for building credit, but using borrowed money for some purchases can be unwise. What are these purchases?

Your dream vacation

A “dream come true” may sound like the best things that could happen to anyone but a dream made true by taking on a loan and pawning your future income might not be worth it. If you use a credit card to fund that vacation promising to pay it off in one fell swoop, but in reality you could not make the payments, then your memories are ruined.

You see, vacations are there to set you free from stress. But if a vacation will put you under stress because of a mounting debt, then something here is not right.

Don’t force or rush a dream vacation. After all, what makes it a “dream” is that it is not easily achieved. You have to work hard for it, and working hard for it could mean saving money for months until you get to the last cent of your supposed dream vacation budget.

Your dream wedding

Weddings are an expensive thing. For sure, a “dream” wedding is even an awful lot more expensive.

A wedding marks the start of your life together as husband and wife, but having a huge debt and a sky-high interest rate might be a terrible thing for a start.

You see, wedding is just the start of the even more expensive stuff that you’re going to spend for as couples. After wedding, there will be maternity, then kids, kids’ education, life insurance....possibly a new home or a new car. Then in a few years, you’ll start thinking about retirement.

Instead of taking out a huge loan for a dream wedding, why not just talk to your partner and start saving for it together? Come to think of it. It’s like having a shared goal together, even if you are not yet officially married. Plus, neither of you will feel rushed about it. Lastly, when you achieve your savings goal for your dream wedding, you both feel that you have accomplished something big as a couple...and walking down the aisle would even feel like another victory -- a different one after marrying the woman or man of your dreams.


Milestones in life may call for celebrations but if you need to borrow for them to happen, then it would be better to relinquish that thought. Celebrations are not a matter of life and death, and you will not lose your friends or families just because you failed to throw a party, where you have to spend for booze (a lot of them!) and food for a lot of people. Moreover, if after a celebration you’re left with stress because of the debt you incurred, then the party, which ought to make you feel good, would mean nothing. Opt for a simple gathering with a select people instead. Even if it’s a small group, it is still a celebration.


Submit a Comment

No comments yet.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)