People borrow in the medium or long term to finance expenses that are too big for them now, or because they have been saving for too long and they want it now. The amount borrowed depends on a number of factors: Their income - this determines the amount they can repay over a period and also determines the amount the service provider is willing to lend them. Their other expenses, especially mandatory and necessary items -the more someone spends on other things, the less they can borrow. Duration of the loan - the longer the term, the more it is possible to borrow and repay. Need to borrow - depends on the price of goods in relation to income. For example, most people cannot afford to buy their own home unless they can get a mortgage. The extent to which a loan is considered necessary depends on the nature of the life event or the project used to finance it. For example, in, someone who needs an operation and wants to avoid a long NHS waiting list can decide to borrow money to finance a operation in a private hospital. A young woman who has her heart set on a big and expensive wedding may find she needs to borrow money to make her dream come true.Human attitude to borrowing - some people don't like the idea of being in debt for a long time, while others don't care at all.If a person only borrows and does not save, this indicates that his monthly income is only sufficient to cover ordinary expenses and long-term loan payments.Most likely, a borrower has also purchased one or more insurances. For example, if they bought a home or apartment with a mortgage,they probably also bought lifetime mortgage insurance; they may also have purchased payment protection in the event of unemployment or illness. They must have insured the house and probably its contents as well.