Borrowing dulls the edge of Husbandry

This statement is full of advice. It is used by Shakespeare in his play 'Hamlet'. An aged Courtier named Polonius quoted these words which proved to be very useful to every human being. This proverb though coined so many years ago is still very relevant.

Nowadays life has become very competitive. Everyone wants to be at the top at any cost. Mostly householders do not want to be left behind so they borrow money and buy things so that they look  more prosperous than their neighbors. On the other hand borrowing becomes their habit and it makes them spend thrift. Those who borrow frequently remain borrowers throughout their life. One should try to adjust one's expenditures within one's means and income. Borrower is never welcomed in the society. Nobody cares for such persons. They lose their self-respect and dignity. It spoils the name of persons if he can't pay the debts. That's why it’s unwise to borrow money to maintain a false show. Gray De Maupasant represented the same thing in his story. "The Diamond Necklace" in which he depicts how  a couple sports their whole life paying the debts only for borrowing an artificial necklace due to ignorance.

In the same manner when  underdeveloped countries borrow and take huge loans from other rich nations it makes them worse. They can never stand independently. The habit of borrowing dulls the edges of judicious economy. That's why it is essential to try to live within one's own resources and means.

This proverb boils on the point that a person who borrows frequently to show off , will always remain in debt. Moreover his greed is never fulfilled, he always wants more and more in life. This proverb has more relevance in today's  fast paced economy. On the one hand due to advanced technology there are more and more  products, gadgets, machines which people feel are necessary and are required to maintain their status. On the other hand there are credit cards and ever willing banks to give loans at reasonable interest rates, thus making it more tempting and attractive to borrowers. Gone are the days when persons would save and buy only things they could afford. In this showy world people are less practical and have lost the habit of saving, instead they are spending more than they earn, This proverb is thus an awakening call to the younger generations.  It is highly unwise and stupid to borrow money to lead a life of show and unrealistic pomp.