Most people like Christmas. For many people, it is one of the most beautiful time of the year. Everything is full of lights, people are happier than usual and if you are lucky and it snows then everything looks perfect.

But it is not perfect for all. Many people cannot afford to buy many things for Christmas, especially presents for their children. Everybody wants to make their children happy and give them many nice presents under the Christmas tree. Also those parents who cannot afford it.

presents under a Christmas tree - jan vrabec - Sparrow's English Reader - Level2 English for beginners
presents under a Christmas tree / blog: L-2: Christmas Time

Financial experts say that the Christmas time can be very dangerous for many families. Many people take a loan in order to buy presents for their children. And very often, they take that loan from small financial companies. These companies charge a huge interest, 50%, 80% or sometimes even 180%. And so, people who borrow €500 from this company have to pay back €1,500, sometimes more.

Christmas can be dangerous for some people, but it is a beautiful time of the year. People should not spend a lot of money on the presents for their family. People should spend a lot of time with each other.


afford /əˈfɔːd/ – dovoliť si, (nemať na niečo peniaze)

loan /ləʊn/ – pôžička, úver

charge /tʃɑːdʒ/ – účtovať si (poplatok za niečo)

interest /ˈɪntrəst/ – úrok

borrow /ˈbɒrəʊ/ – požičiať si

pay back – splatiť

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