To pay (down the debt) or not to pay is a Shakespearean dilemma. In fact, it is an ancient argument for ages. A Sankrit proverb ("Rinam kritwa ghritam pibet") proclaims that "Borrow to enjoy!" Many modern management practices follow the fiscal principle of "using other people's money" to carry your business. In short, it is as difficult to resolve this dilemma as to seek moral dispute whether euthanasia is right or wrong. The quickest answer to these dilemmas may be: "It's all in your head!" But it is easy to note pros and cons of this easy way out.
It may be right when you are unable to pay full cost of a house and the lender is offering it to you at a reasonable rate of interest for a mutually agreed period to accept the offer, Because it fulfills the needs of both lender and borrower without exploitation of the other party. But it may not be right at all even if both the borrower and lender mutually agree to all terms which may or may not be exploitative, to borrow to gamble. Credit card issuers apparently do not lend you money to gamble away, but they do encourage you to pay for instant gratification of your desires, small or big, without thinking of the consequences. Again, it must be noted that they may entice you but not force you to utilize the credit they have offered. It is YOU who decide to accept or ignore their encouragements. That is both in your hand (pocket) and in your head.
So, it is you who decide to enjoy with or WITHOUT borrowing. If you think you have ability to repay the loan with interest and you think it is a "Reasonable" rate, go right ahead and enjoy. If not, RESIST the temptation and DEFER the enjoyment until YOU think you are "Reasonable" in borrowing to enjoy.
