As much as possible, I want to stay debt-free.  If it’s possible, loan-free for the rest of my life.  However, truth is I can never predict my future.  There might come a day when I am left with no other choice but to borrow money [ouch!].

I am looking forward to applying for a Swedish driver’s license.  Problem is, the entire process is complicated and I will have to pay more than I could ever imagine.  I haven’t asked around yet personally but friends say that it’s going to be about 1,500 to 2,400 USD depending on how slow or fast I learn and how quick I pass both the practical and theory tests.  The amount might not sound that huge to you but for me, it’s a big deal.  Bebe and I will start saving for the license but if something comes up, I am thinking of getting a loan to pay a part of whatever it may cost us.

Talking about loans, I am not an expert on the matter but I’ve been going through some tips [just the basics] from the experts.  Number one rule is to always get the list of financial establishments offering the best loans [http://www.fivecentnickel.com/2010/08/11/best-retirement-plan-for-small-business-owners/].  Inquire and compare the pros and cons.  Make sure that the repayment period is something you can handle.  Last but definitely not the least, only borrow the amount you know you can pay for.

If our economy’s better by the time I get my license, then I’ll probably be applying for a car loan.  We’ll see!