Many people are using credit cards or loans to run up huge personal debts that they may be unable to repay. It should, therefore, be made more difficult for individuals to borrow large amounts of money. What are your opinions on this? Give reasons for your answer and include any relevant example from your knowledge or experience.

There are many possible options to pay for something,

such

as

credit

cards and cash. The

credit

card

was designed to aid to purchase and nowadays, people are utilizing cards, because it is safer and more convenient than cash. For

this

reason, I believe some people could be drowning in debt with financial institutions, because they overuse the cards to buy.

Therefore

, to avoid

this

situation, financial education can help to get out of the red and demonstrate knowledge to save

money

. The

credit

card

is a tool used to purchase many items, but it is very easy to lose control of spending because only at the end of the month you receive the

card

invoice with all your expenses made. If you are not in control of spending,

this

will be a difficult situation to pay when you receive the bill. Unfortunately, some people cannot pay off for many reasons

such

as do not have enough cash or do not have a job, as a consequence, it turns difficult to request borrowing if necessary. Almost 9 million young people own

money

in Brazil,

in other words

, 18% of people up to 20 years there are debts. The experts recommend looking for a professional to help and negotiate with the lender.

Furthermore

, the financial education is important independent of age to raise awareness about

this

subject. The experts show examples of steps to save

money

and avoid des necessary use of

credit

cards,

for instance

, create a list of necessary items before shopping, look for the best price in different stores and buy only when is crucial.

In addition

, could to avoid miscellaneous entertainment at crisis moment and keep only the essential expense,

for example

, rent, gas, and food. In conclusion, the

credit

card

is an easy tool to buy,

however

, a trick if you do not use it appropriately.

Moreover

, the economic education can give

this

knowledge and show some strategies to manage and do not own

money

.

This

essay was

also

a demonstrated example of the actions to economize

money

.