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

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Some people tend to purchase expensive
products even
Accept comma addition
products, even
though they do not need them and land themselves in the debt trap. Commercial advertising, consumerism, and an increase in the usage of
credit
card are some of the reasons for
this
trend.
However
, there are several measures that can be taken to discourage people from overspending. These include encouraging saving habits and discouraging the use of
credit
cards. To commence with, it is a globally accepted fact that TV-advertisements have a significant impact on an individual’s life. These commercials presented and pretended to be used by famous celebrities easily grab people’s attention and drive them to buy it even though they do not need it.
Moreover
, consumerism is deleterious to society. Some people cannot resist the urge to splurge after seeing attractive sales offers.
Besides
, increasing usage of plastic
money mainly,
Suggestion
money, mainly
credit
cards, provides consumers with the opportunity to spend more than they can afford. Many people intentionally use their
credit
cards to pay for an overpriced item, as they can pay off the
money
in instalments. All these factors jointly persuade an individual to expend more than they can afford on needless things.
However
, discouraging the use of
credit
cards can prevent people to some extent from spending a greater amount of
money
on unwanted things.
In addition
, the government should encourage saving habits among people by introducing attractive deposit schemes. In conclusion, though commercials, the consumptive lifestyle, and plastic
money
encourage people to spend more on unnecessary or useless things, encouraging saving habits and making
credit
cards inaccessible will coerce an individual to spend less and save more for
future
Suggestion
the future
.

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