Saturday, October 13, 2007

Advantages and Disadvantages of using tomorrow’s money

Advantages and Disadvantages of using tomorrow’s money
There are both advantages and disadvantages of using tomorrow’s money I think.
Sometimes many people use tomorrow’s money because they decide to succeed early or hold glory or something else. For example, some people collect money to run a company or do business; some use it to buy houses or cars. And they pay it back in the future as soon as they have. But there are also some people who don’t work hard and just want to enjoy abundant life. For that reason they apply for loan. No matter how, I think applying for loan is a good way for people to accomplish their wishes without worrying about renter who will let you pay off money as soon as he wants.
But there are also many troubles about using tomorrow’s money. For example, if you are ill and in hospital today, what should you do? Do you continue borrowing money from the bank or people who you are familiar with? If so, what about tomorrow? Keep up this situation? Then tomorrow will be a blue day for you I think. The heavy debt will push you down. So before you do this ,think carefully whether it is beneficial to you.

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