Some people get into debt by buying things they don’t need and can’t afford. What are the reasons for this behavior? What actions can be taken to prevent people from having this problem?

Today, we are living in a society based on consuming.
This
leads to buying of unnecessary and
unaffordable
products by few gullible buyers, who end up in
enormous amount
Suggestion
an enormous amount
of debts. In
this
essay, I will explain the reasons behind
this
behavior
manner of acting or controlling yourself
behaviour
and provide with possible solutions. Nowadays, there are certain factors which augment
this
type of attitude.
To begin
with, many companies have now socially engineered
such
techniques which lure more buyers.
For instance
, advertisements are manipulated, so as to portray that acquisition of their product might make some naïve people feel, socially superior to others.
This
is purely psychological.
Furthermore
, the
digitalization
the administration of digitalis for the treatment of certain heart disorders
digitalisation
of currency has made it more difficult to manage the budget, as more people are drawn towards online shopping of unwanted products due the lucrative “Mega-sale” offers.
Additionally
, while the leasing policies have made it possible to buy certain things instantly, but people are often left unaware of the interest rates of the lease returns.
Consequently
,
this
unusual
behavior
manner of acting or controlling yourself
behaviour
of buying things piles up huge debts on certain people, making it a serious mental-health issue. In order to minimize
this
habit, governments should offer
counselling therapies
Accept comma addition
counselling, therapies
by health professionals. The manipulation of adverts which prevents the companies to tell the factual data, should be banned.
Further
, one should properly
managing
Suggestion
manage
his budget, by getting a correct idea of his income and number of purchases made. In conclusion, I think people should determine the usefulness of products beforehand, keeping in-view of their financial aspects.
This
will not only avoid them from getting into
debts but
Accept comma addition
debts, but
also
prevent subsequent disillusionment.
Submitted by hussainsajjad23 on

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