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

There are various types of needs of human beings, and satisfying their finance matters a lot. To fulfil the necessities and business requirements one asks for funds through various sources. It is a subjective matter of whether to

have

Verb problem

meet

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all

requirements

Correct article usage

the requirements

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by getting financial facilities through the financial market. but, yes for me it is a good idea. There

is

Verb problem

apply

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a folk who

uses

Correct subject-verb agreement

use

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plastic money and loan

facility

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facilities

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for their luxury needs.

This

may be risky in

long

Correct article usage

the long

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run. Because if

this

life-required staff is not able to give a sufficient return in

such

a situation they may have to sell their things in need.

For example

, I know a businessman who was of

extravagant

Correct article usage

an extravagant

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nature

,

Remove the comma

apply

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and was fond of cars and mobiles, he used to replace an old car every three years with an iPhone mobile as and when a new version was launched,

This

habit made him sell his showroom, because the vehicle which purchased with finance facility is to be paid

along with

huge interest.

Further

,times mass tries to buy those items which

had

Wrong verb form

have

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a demonstration effect even when they are of no need. We have seen if a neighbour buys

70-inch

Correct article usage

a 70-inch

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new television

then

other

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others

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also

thinks

Correct subject-verb agreement

think

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the same as having a new one as though their current gazzate is providing the best quality and sound

effect

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effects

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. On the other side if anyone takes the benefit of the money market for setting up or expanding a business or profession

then

definitely it is a positive nod. The trade would definitely give a higher return than it has to pay as an interest cost, not only

this

the future of a person would be secure as the next generation would have set organisation for which they do have not to make the hard effort.

For instance

, Mr Gautam Adani have a loan against property facilities from the banks and he uses those facilities for their expansion,

however

, he has a huge burden of loans even

then

he is the richest person in Asia. If a youth takes an education loan and goes abroad for higher education

then

also

is a rational decision. and most probably the repayment is to be done by the student after completing his

study

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studies

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which makes him a responsible guy.

To Conclude

, the banking or financial institution's support if taken for business or for higher education which may secure our future is definitely the best thing but if it is taken for the products without which we may spend our routine life is vague. It is

told

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said

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that the upper part of the shoulder gives a higher reward than the lower part of any expenditure done for the same