When is doing the least is best? There basically three times when doing the least is best. They are:
- When borrowing money, borrow the LEAST AMOUNT possible.
- When borrowing money, borrow for the LEAST TIME possible.
- When borrowing money, borrow for the LEAST PERCENTAGE RATE possible.
It would seem obvious that borrowing a small amount, for the least amount possible, for the lowest percentage is best. Doing these three simple things gets the borrowed amount paid-off sooner and costs less.