Borrowing in order to save may feel contradictory. And, yet, life happens and it could feel like a larger unexpected expense will undo your savings progress. For example, if you have a sudden car repair bill, you might dip into your bank account to cover it, but that could set your long-term savings goals back. Or, if you don't have savings, you could rack up credit card debt, which could interfere with short-term debt management goals. And if you can't get your car fixed and drive to work, it’s harder to save. Fixing the car may be an immediate need, but it feeds your long-term plan. In this example, a personal loan might help you cover your sudden unanticipated expense without sacrificing your savings or your credit card balance. With a personal loan, you get fixed rate, fixed term funding with a regular set monthly payment. This allows you to budget for building your nest egg, buying a car, or saving for retirement.