It has become very common for people to borrow money. Most people have a Credit Card, a mortgage and often they will buy a car on credit as well. Is this a good idea is it too risky? Discuss both views and give your own opinion.

Nowadays, people can easily acquire any kind of product by taking a loan. Earlier borrowing money was a cumbersome task
however
at present it has become a hassle-free process.
This
helps people in various ways but sometimes it can turn into a burden.
This
essay discusses the concept of benefits and risks related to
borrowings
and
further
opines whether it is useful or not.
To begin
with, a person has to maintain a certain status in the society he lives in. For that, he should have a few basic things
such
as a four-wheeler, a smartphone, a LED television and much more.
Although
owning all these is somewhat necessary yet, an individual does not have enough resources. To sort
this
out, borrowing is a legible option. The instalments of the
borrowings
can be returned from the monthly income over a period of time.
Consequently
, the burden is not created.
Further
, if a human has to purchase something to carry out an activity
then
he can borrow if he does not have enough funds.
For instance
, due to covid-19 majority of folks had to work from home. Employees who did not own a laptop or were not provided one from their company had to procure it.
However
, it was not possible for them because of financial constraints.
Nonetheless
, acquiring it by borrowing helped them during that time.
On the contrary
, sometimes the masses take over so much
borrowings
that eventually, they are unable to pay off. They snap up goods that they do not even need in the
first
place.
This
results in the wastage of resources as well. In my opinion,
borrowings
should be undertaken to obtain the necessary stuff.
Moreover
, the amount required to pay back every month should be kept in mind.
Then
only the risk of going bankrupt can be avoided and
borrowings
can be repaid regularly. To conclude,
borrowings
do facilitate in an exceptional way
however
, to be aware of its cons is necessary. Borrowing according to one self's capacity is a sensible decision.

Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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