Always ask yourself the question before making a personal finance decision


There are so many personal financial decisions to make in life that it can be hard to know where to start. Before making a decision, it is essential to ask yourself a few key questions. By carefully considering your options, you can make the best choice for your situation. This article will look at some of the questions you need to ask yourself in your financial decisions.

Financial decision

A financial decision is a choice made between two or more alternatives that involve the use of money. Some common financial decisions include:

  • Save or spend money
  • To borrow money or not
  • Invest money or not

1. Am I aware of what I accept?

You need to know what you’re getting into before making any personal finance decisions. This is particularly important when it comes to Viva Payday Loans. Make sure you fully understand the terms and conditions of the loan before signing anything. Not only when you take out loans, but also when you invest in stocks, take out an insurance policy, etc.

2. Why do I want this?

Know the reasons why you are making the financial decision to better assess whether it is the right decision. For example, do you want a Viva payday loan to consolidate your debts? Cover an emergency expense?

Whatever the reason, please write it down and hold yourself accountable. If you’re questioning the motivations behind the decision, it may be a sign that you shouldn’t continue.

3. Am I patient to wait until the next day?

You need to know if you are patient enough to wait for something or if you need it now. If you’re willing to wait, you might be able to get a better deal. Viva Payday Loans can help you get the money you need right away.

Viva payday loans can be a great option if you have bad credit. Viva Paydays is a short term lending company that can help you get the money you need.

4. What would I do with the money if I didn’t buy this?

If you have options for spending your money, always ask yourself this question. This can help you determine if you’re buying for the right reasons. For example, let’s say you are considering signing up for Viva Paydays to purchase a new television. Before you decide, ask yourself what you would have done with the money if you hadn’t bought the TV.

If your answer is something like “I would save it” or “I would use it to pay off a debt”, then you know that taking out the loan is not the best decision. However, if your answer is something like “I would use it to buy food”, you might want to reconsider.

Only you can decide what’s best for you and your finances. But, by asking yourself this question, you can be sure that you are making the right decision for the right reasons.

5. How long did it take to make the purchase?

How long have you worked to earn the money you are about to spend? It is essential to think about the opportunity cost. For example, if you make $20 an hour and are considering a purchase of $200, you worked ten hours to earn money for that item. Is it worth your time? Could you make better use of your ten hours?

Of course, some purchases are worth more than the number of hours worked. But it’s essential to think about the opportunity cost of your time and money before making a purchase.

6. Am I impressing someone else?

If your intentions behind a financial decision are to make someone else happy, you’ll likely spend more than you can afford. It’s important to be selfish when it comes to your money and only make decisions that will benefit you in the long run.


If you want to make smart personal finance decisions, you need to ask yourself the right questions. Viva Paydays is here to help you get the answers you need to make the best decisions for your financial future.

Stay up to date with all the information.
Browse the news, 1 email per day.
Subscribe to Qrius


About Author

Comments are closed.