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?
People nowadays, love to live an extravagant lifestyle, though they aren't capable of doing
such
thing. Eventually, they get into financial risks of paying high debts. In this
essay, we will briefly go through about relevant attributes, and take some preventive measures.
Firstly
, one main reason for this
situation would be the desire, and the urge to purchase things. Moreover
, an individual or a family is being treated on the basis of the possession, and money they have. Obviously, this
trend led people to pursue a lavish lifestyle, although
they didn't really need it. For example
, when we are going to a party or a wedding reception, will be so conscious in presenting ourselves among others. Apparently, this
leads into spending our money recklessly.
Secondly
, an individual has to decide his real needs and don't. In addition
to that, he has to emphasize his family members to follow it. Indeed, we have to live a life for ourselves, and not for the sake of society or value. For instance
, we have to prioritize our purchasing according to our salary or total income. By opting this
method we can make ourselves free from debts. Thus
, it is clear that, a better plan will eliminate all the shortcomings.
In conclusion, a clear-cut strategy for this
trouble would be, devising an appropriate plan with absolute scrutiny regarding the future requirements. Lastly
, as stated above, we have to live a life as we truly intent, and not for others. This
would be an ultimate solution for this
problem.Submitted by vignesh Tosh on
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