Question

You are considering building a new deck on your​ home, what factors should you consider when deciding whether to borrow the money or take the money out of your savings​ account?

Answer 1

You should definitely consider that you are only allowed to withdrawl 6 times from your savings account in a month according to the federal law. So, this would probably make you consider borrowing because something might come up where you need the money from your savings. Also, you should consider if there is an interest rate in borrowing the money, and how long it would take you before you could pay it back. Hope this helps!

Answer 2

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