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

In

this

day and

age

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,age

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a lot of

people

borrow

money

. Most

of

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apply

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the

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apply

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people

have

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a mortgage

the mortgage

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mortgage

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mortgages

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for the

next

30 years or

indebt

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in debt

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credit card.

This

essay will discuss if borrowing

money

is a good idea and show that it can be

risky

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the risky

a risky

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and uncertain solution.

People

work harder than ever before, but almost no one has enough

money

for buying a house or a car.

This

is why a lot of

people

decide

for

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on

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mortgage

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a mortgage

the mortgage

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. It gives them material goods but

instead

of

that

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,that

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they have

financial

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a financial

the financial

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commitment for

the

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most of their lives. We live in uncertain ages, where wars

as well as epidemics

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, as well as epidemics,

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are present. The financial situation of banks can change rapidly as well as our loan

installment

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instalment

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. It may turn out that it is

to

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too

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high in relation to

to

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our salary and that we will go bankrupt. Buying only

this

for which we have enough

money

is a smart solution. Renting a house

instead

of buying a new one can be a safer option nowadays. In unstable

ages

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,ages

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it gives an opportunity for quick moving and changing place of living without any commitments. Additional pleasures

such

as cars or modern devices are not necessary for life. By getting into debt for our pleasures, we can burden not only ourselves

,

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but

also

our children, who will have to repay these loans after our death. In conclusion,

although

borrowed

money

can give us a higher standard of living, borrowing

money

from a bank can be very risky. It is worth considering whether the goods for which we borrow

money

are actually needed for life and whether if the loan

installment

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instalment

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increases, we will still be able to pay it back.