Some people get into debt by buying things they don't need and can't afford. what are the reasons for this behavior? what action can be taken to prevent people from having this problem
It is irrefutable that people are shopping without understanding the needs in their daily life,
this
trend has increased rapidly in recent years. Due to Linking Words
this
people face financial issues and most times they buy items which are not required and unaffordable. Linking Words
However
, I will be discussing the reasons and actions to be taken to control Linking Words
this
below.
One of the major reasons is no proper financial planning. The majority of middle-income people used to buy unnecessary items without understanding their financial status. In most cases, the expense of an individual is more than their income. Linking Words
For instance
, when some youth start earning, they try to buy a vehicle or asset without re-thinking whether it is required and affordable at that point Linking Words
of
time. Verify preposition usage
in
In addition
, they apply for financial supports from banks to buy Linking Words
such
expensive material. Linking Words
Secondly
, to show a better standard of life to society. The trend of materialistic love has increased drastically in recent years. Few people try to express gratitude or love by buying unaffordable items. They even take financial support from banks or friends like buying gadgets, vehicles and gifting.It is always better to avoid Linking Words
such
practise as they are trying to show their standard of life like affluent people.
One of the major Linking Words
action
which can prevent unwanted shopping can be taken by the individual itself . The person must take initiatives by thinking twice and understanding about the current situation. Replace the word
activities
Moreover
, the government must increase the tax on overpriced items Linking Words
such
that people will buy it only if it is required. Linking Words
For instance
, some people have 2 to 3 vehicles in their house, Linking Words
such
people must be either taxed highly or provide a bar on Linking Words
such
purchase. Linking Words
Secondly
, restrictions on credit card usage. In many houses,it is seen that people do shopping using credit cards. Since the amount is in advance people spend and repay the amount. The credit card holders must be provided with limited facilities and Linking Words
also
they must be restricted on spending by the providers, Linking Words
such
as providing limit by checking the background of expense and income of each individual and increasing and decreasing whenever required.
To summarise, people believe that as many expensive items in their house show a good status in society. Linking Words
Therefore
, people get into debt by purchasing unnecessary and costly products . It is the responsibility of an individual to think before they buy . Linking Words
In addition
, the government must not support Linking Words
such
people with loans.Linking Words
Submitted by pooch6161 on
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