Use installment loans instead of credit cards for large expenses

Choose shorter loan terms when your budget allows

Plan your loan around your income, not your dreams

Don’t stack loans unless it’s part of a clear repayment plan

Keep track of due dates to avoid late fees

Use loan proceeds for income-producing investments if possible

Avoid co-signing unless you're prepared to repay

Build your emergency fund before taking new debt

Never sign loan paperwork you don’t fully understand

Always confirm what collateral is required for secured loans

Check your eligibility without affecting your credit score

Negotiate the terms if the lender allows it

Factor in insurance or hidden fees in the final amount

Check prepayment penalties in the contract

Avoid variable-rate loans if you need predictability

Don’t rely on promotional rates without checking the fine print

Use loan calculators to test your monthly budget

Explore federal or government-backed options first

Review the repayment schedule before accepting terms

Use personal loans to consolidate high-interest debt

Avoid loans for lifestyle upgrades you can’t maintain