Some of the reasons why it is preferable save to borrow:
1.- Debt makes despise the money
To get something without the sweat of the front makes what values less (that is why many people who win the lottery squandering the money quickly).
2.- Debt is a solution short-term financial consequences with material and psychological long-term
The consequences of the debt are materials (interest) and psychological (concern, feeling of powerlessness if not can pay, insecurity in the event that appear unforeseen expenses).
3.- Debt becomes habit
The debt can even become a style of life through which people believe that live indebted is normal. Many they use little rational use of its credit cards to maintain your lifestyle.
4.- Debt leads inevitably to the financial stress
Simple and clear: The debts are stressful! You worry, you pressure because what you are to win, belongs to you, for a long time, to another person (the bank).
5.- Debt makes it difficult save
What is the main excuse for that people do not save? The debts. If they arise contingency: how to pay an unexpected spending? The answer is “with another new debt”.
Even with debts debés seek ways to save, in the same way that those who were trained in survival even with hunger trying to eat as little as possible so that the food they lasts.
6.- Debts you limit and condition mentally
Do you consider able to buy a car, starting a business or buy a housing spot? “Yes, but here a few years”. However many people cannot think get the foregoing without borrowing.
Life is easier to cope to save and then buy spot, that the borrow and end up paying years, the capital, the interests of the capital and other expenses.
7.- Debts you put in an inferior position
The that there is a debt by half makes the debtor feel that the creditor have some control or authority on, and in some situations makes the lender feel right to control in some way to its debtor.
It is clear that who saves because it can is a fortunate, gets a plus for quality of life and sense of security. But the savings alone is not enough. The smooth operation of the economy and its most important aspect, job creation and maintenance of existing posts, require savings transformed into investment.