In a total of 200 words, write two paragraphs with about how interest rates affect our purchasing decision. Identify the topic sentence in each by underlining it.

I need help with Identifying topic sentence

If the interest rates are higher, than insted of spending money for purchasing new things. People go for saving to get interest on their money. With increase in interest rates the purchasing power of people decreases. If something will cost far more than it is worth because you do not have the money to buy it, then you should wait until you can afford it and stay out of debt. Very low interest may temp many to go into debt to that the item now, but high interest is just plain stupid to pay. If the interest rates are higher than insted of spending money for purchasing new things people go for saving to get interest on their money. In short you can say with increase in interest rates the purchasing power of people decreases.

If the interest rates are higher, than insted of spending money for purchasing new things. People go for saving to get interest on their money. With increase in interest rates the purchasing power of people decreases. If something will cost far more than it is worth because you do not have the money to buy it, then you should wait until you can afford it and stay out of debt. Very low interest may temp many to go into debt to that the item now, but high interest is just plain not smart to pay. Interest Rates affect people in many ways, and it can have a major consequence if not paid properly. Most of the time in this day and age I think it is smarter to pay for items cash out of pocket. One reason is you own it out right, and you do not have to worry about paying interest or creating more debt. But let’s say you end up having a credit card and the interest is low. You only use the credit card for emergencies and it might be worth it to you . For the most part the way I see it you the only way to not create debt is to try not to have a lot of purchases involving using credit.

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Yes. But I stopped reading after I found two misspelled words in the few words. Although it's punctuated as a sentence, it's incomplete.

After you carefully proofread your essay, please repost.

If the interest rates are higher, than insted of spending money for purchasing new things. People go for saving to get interest on their money. With increase in interest rates the purchasing power of people decreases. If something will cost far more than it is worth because you do not have the money to buy it, then you should wait until you can afford it and stay out of debt. Very low interest may temp many to go into debt to that the item now, but high interest is just plain not smart to pay. Interest Rates affect people in many ways, and it can have a major consequence if not paid properly. Most of the time in this day and age I think it is smarter to pay for items cash out of pocket. One reason is you own it out right, and you do not have to worry about paying interest or creating more debt. But let’s say you end up having a credit card and the interest is low. You only use the credit card for emergencies and it might be worth it to you . For the most part the way I see it you the only way to not create debt is to try not to have a lot of purchases involving using credit.

When considering how interest rates affect our purchasing decisions, it is crucial to acknowledge their significant impact on our financial choices. The topic sentence in this paragraph is "When considering how interest rates affect our purchasing decisions". Interest rates can have both direct and indirect effects on our purchasing habits. Directly, higher interest rates on loans and credit cards may deter us from making large purchases, as the cost of borrowing increases. When interest rates are low, on the other hand, it becomes more enticing to make purchases using credit, as the cost of borrowing is reduced. However, it is important to note that indirect effects can also influence our decision-making process. For example, high interest rates can decrease overall consumer spending, leading to a slowdown in the economy. This could result in job losses or reduced job security, which in turn may cause individuals to be more cautious with their purchasing decisions.

Another paragraph discussing how interest rates affect our purchasing decisions could start with the topic sentence: "Furthermore, interest rates influence the affordability of goods and services." One way in which interest rates impact affordability is through mortgages. Higher interest rates can make monthly mortgage payments more expensive, reducing the purchasing power of potential homebuyers. Conversely, lower interest rates make mortgage payments more affordable, potentially encouraging individuals to enter the housing market. Additionally, interest rates can affect the prices of big-ticket items, such as cars. When interest rates rise, financing options become more expensive, making it less appealing for consumers to purchase these items. Conversely, when interest rates decrease, consumers may be more willing to invest in larger purchases, as the cost of financing becomes more affordable. In summary, interest rates have a significant impact on our purchasing decisions, both directly through the cost of borrowing and indirectly by influencing overall economic conditions and affordability.