Personal loan, March 3 -- If you have a domestic oroverseas travel lined up and are short of funds - you may have a temptation to take out apersonal loan for the same.

Although fundamentally it is not a complete no-no, it is subject to some checks and balances. Let us understand more on this.

Suppose you have a plan to go to Goa with your childhood friends which was made at the drop of a hat. You have recently run out of money because you bought a car recently.

You can easily save enough money in the next two to three months for this Goa trip but the trip is scheduled for the first week of next month. In this situation, it is not completely unreasonable to take a personal loan.

Similarly, your former colleagues from your previous empl...