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 it became a usual factor that people use credit cards, or buy
Correct article usage
a house
house
, or Fix the agreement mistake
houses
car
via loans Fix the agreement mistake
cars
in
banks. Some would argue that it is too risky, Change preposition
from
others
insist that it's the successful model of family economics. In Correct word choice
while others
this
essay
I will discuss both opinions and give my opinion regarding Add a comma
,essay
money
issues and loans.
To begin
with, many people believe that loans take individuals into debt
for a long time. For
example
one friend of mine has a salary of 2500 manatsAdd a comma
,example
,
and decided to take a loan from Remove the comma
apply
bank
and buy a Add an article
the bank
a bank
car
. The price of the car
was 60.000 manats and the debt
with percentage rate became 75900. She had to pay 1265 azn monthly for five years. At first
everything went smoothly, but while COVID her company faced a lot of problems and she lost her job. The Bank requires to have regular payments, Add a comma
,first
otherwise
it will take back the Add a comma
,otherwise
car
and sell it, in order to close the debt
. From this
point
borrowing Add a comma
,point
money
can be risky for people.
On the other hand
, many business mentors and leaders suggest that it is beneficial to use banks
Change noun form
banks'
bank's
money
in projects rather than earned money
. For
example
while establishing my company banks give a retreat period where you can organize your work and start having cash flow, after that 6 month-1 Add a comma
,example
year
you start making your payment. In a given period of time with Change to a plural noun
years
regular
cash Add an article
the regular
flow
you will be able to be free of Add a comma
,flow
debt
.
In conclusion, I would like to say that no matter what credit card debts for a personal matter should always consist of 30% of your earnings. Business credits are not harmful because if you Correct your spelling
lose
loose
what you tried to build, Correct your spelling
lose
bank
will sell it and get Add an article
the bank
it's
Correct your spelling
its
money
back. Both of them are not harmful if you have a proper plan.Add an article
a money
the money
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Use cohesive linking words accurately and appropriately
Linking words are very important in your essay.
To score effectively on your IELTS exam, you should make an effort to implement short concise sentences coupled with linking words.
Almost every sentence in your essay should have a linking word of some sort.
In fact, the only sentences that can omit linking words are your background sentence and thesis.
Linking word examples:
- firstly
- secondly
- thirdly
- in additional
- moreover
- also
- for example
- for instance
- therefore
- however
- although
- even though
- despite