Posted by Cara on Sunday, September 19, 2010 at 5:31pm.
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.
is anyone availble
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.
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