1. Elizabeth Warren and Amelia Warren Tyagi have written one unconventional and scaring book. As we know, we are a credit card generation and seek a comfortable and luxurious life which is unaffordable sometimes. We are spending our future money in pursuit of a better life. This phenomenon is especially common in the middle-class. It seems that this lifestyle is admirable and correct. However, in this book, Warrenwarns this lifestyle may lead us into a risky situation where we face the risk of bankrupt at any time.

现代社会是一个用信用卡的时代，我们经常用信用卡来使我们的生活过的更好，并且经常让我们难以承受的负担。但是，我们为了追求更好的生活，这些都算不了什么。这种生活，在中产阶级中更为常见。然而在这本书中，并没有提到这一种现象。

Recently, there is an increasing craze in the middle-class parents to pursue a good education and a good living environment for their children, which means they shall earn a lot of money to purchase the house with a good school or with a good environment they can afford. Faced with such great economical burden, they have to become a two-income family. Normally, it seems that they shall lead a happy and comfortable life with the increasing income. However, unfortunately, with the increasing extra expenses, they are busy with paying off the credit cards debts without little disposable money. As a result, they are stuck in an unprecedented crisis. If there is an emergency happening, for example, one of them lose the job, they may hardly pay off the debts. Then they may be trapped in the bankrupt.

最近，很多家长都非常重视孩子的教育，都想给孩子一个良好的生活和教育环境，这意味着他们需要更多的钱去买房子，去让孩子上更好的学校。然而这个是远远超过他们的承受能力的。面对如此大的经济压力，他们的家庭的收入已经成为了负数。他们陷入了前所未有的危机。他们要偿还债务。还可能导致他们的生意的破产。

This is generally blamed on overconsumption and claims that we are a credit card generation that it is paying the price for its free spending ways. On one hand, undoubtedly, credit spending will stimulate the purchase of goods to accelerate the economic development. To some extent, it plays an irreplaceable and fatal role in solving the financial problems ofMiddle America. On the other hand, it pushes people into a dangerous situation where people wantonly spend their present income even their future income without any savings. Gradually, people will be addicted to a bad financing habit. This consumption habit is on the hazard and risky. The financial crisis happening inAmericais the best evidence.

出现这一现象的原因都是过度消费，因为透支信用卡所付出的代价，毫无疑问，信贷消费刺激了经济的发展，在莫种程度上，对美国财政问题上，起着非常重要的作用。而另一方面，他也让很多人陷入了经济的困境。他们大肆的消费，挥霍了未来的收入。

3. According to the statement of Warren and Tyagi, this is not necessarily the whole story. Instead, according to the recommendation put forward by Professor Warren, it is not advocated that everyone have exactly precisely 50/30/20 budgeting, but rather, except for certain temporary circumstances, at most 50% for fixed must-have expenses and at least 20% for savings. Thus, 45/35/20 is fine, as is 40/35/25, depending on the personal preferences and situations.

As far as I’m concerned, I agree with what Professor Warren and Tyagi propose. We are supposed to form good finance habit. It is not wise to spend all of our money to chase something we can’t afford regardless of the future arrangement. If we do so, what if we meet something urgent or unexpected? After all, everything is possible. Thus, to me, the most reasonable and wise solution is to spend at most 50% on fixed must-have expenses and at least 20% on savings. Then, we will set aside sufficient money to deal with any emergency without fear of an attack from the rear. Thus, spend your income reasonably for the benefit of yourself. Only in this way can we hardly get stuck in the danger of bankrupt.

我觉得，我们应该养成好的理财习惯，把我们的钱用在更好的地方，用更明智的选择来购物和消费。对我们来说，最合理的消费应该是大部分50%左右的钱用来储蓄，以备不时之需，发生紧急情况的话，可以用来躲避风险。