Taking loans is actually a good thing if you do it for your own business progress and extension. Even rich men are doing that and made them wealthier in the society. However, if you become dependent from taking a loan and even include that in your budget, then you will never easily get out from that situation. Instead, it will make your life harder to live due to high interest and monthly amortization, which means all your hard-earned income will only be used to pay for it and leave nothing in your pocket. So you take another loan again, and that cycle will only continue as long as you don’t manage your finances well.