Smart Decisions for borrowing money - BTE2

 In Business I was tasked with doing one of two tasks, I chose the flow chart and made two ways of the use of the loan, needs and wants.

Do you reckon this is smart, the ways in which I have given you the info on the uses of the loan, needs and wants, why you wouldn't want to spend it on wants?

I found the task pretty easy and simple for what I needed to put in, the tips for the use of a loan from a bank, person or family (anyone that gives out loans). I started with thinking of what you would spend the loan on then I realised it would most likely be needs or wants. That needs are of course needed to be paid for but wants aren't, they do not ever become a required object in your life. Basically, it was easy to state the ideas of wants and needs and what was required and not required, realising an iPhone 10 wouldn't need to be bought and that the rent is important as its money to stay inside your rented home.