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

It is common for

people

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to use

money

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in advance and buy some expensive items nowadays. There are arguments for and against borrowing

money

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from the bank, as we will discuss here. On one hand, it often needs a large volume of

money

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to buy a house, which may affect a person's economic mobility. It is less possible to collect a large amount of

money

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in a short period while securing a living place is quite necessary for city dwellers.

Thus

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, lending a mortgage seems reasonable to avoid financial instability.

Furthermore

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,

people

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who use a mortgage to buy a house may take it as a motivation. The more you borrow on the credit card, the more inspiration you may get on paying back the

money

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.

However

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, as the governments are building more council houses or implementing more tax incentives, house-buying is more affordable to youngsters. They could pay less or even no

money

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on credit.

On the other hand

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,

people

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are more likely to be affected by economic instability.

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, most city dwellers are self-sufficient smallholders, safeguarding themselves from changes in the wider economy. Sometimes, owing debts increases the risk of living at the subsistence level. What's more, those who owe

money

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to banks may be involved in law issues and

thus

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gain a deterrent to crimes,

for instance

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, including sentencing, imprisonment, fines and bad credit records.

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, a negative consuming habit--the demands exceeding the real economic condition, easily comes into being, as the excessive use of

money

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encourages.

This

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may exacerbate

people

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's financial security, even threaten their livelihood. To sum up,

although

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mortgages could reduce the economic instability in a short time, profound risks show on the bad habit, poor economic condition and potential crimes. Dangers can still be seen in mortgages, in my opinion.