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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Modernization has led people to buy
unnessory
Correct your spelling
unnecessary
and costly products. In most of these cases
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,
show examples
people fall into debt.
Thus
, changes in the banking system can bring a solution to
this
issue.
This
reasoning will be
further
detailed in
this
essay.
Initially
, people preferred to live a simple lifestyle but recent changes
is
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are
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forcing people to get adapted to the trend. In order to provide a standard living, they make decisions that are not affordable.
For example
, in
this
generation
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,
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people are judged based on their appearance.
As a result
to make a good impression both women and men buy luxury products like ornaments and clothing that are expensive.
Secondly
, advertisements play a major role in
this
problem. Most of the company promotes
their
Change the pronoun
its
show examples
products through media. When people see these products, they tend to buy the items out of curiosity.
For instance
, certain things like wall stickers or painting are brought by
middle aged
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middle-aged
show examples
women for decorating houses which is not compulsory need.
Thus
,
result
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resulting
show examples
in wasting
money
in
Verify preposition usage
on
show examples
products which ultimately affects the expenditure to buy useful products. Since
,
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apply
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this
become
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becomes
show examples
a major issue in recent days,
b
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the
show examples
anking sector provides plans to save
money
by setting a limit to
card holders
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cardholders
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. For
exemplified
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exemplify
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, a person is given a card with
l
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a
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imited transaction for a month. When exceded an alert of the expenditure made is intimidated to the users.
Additionally
, people must
also
improve their self-control and understand their financial status. These are some of the ways to prevent overuse of
money
and being debted. In conclusion, people must understand that buying luxurious products are not the solution to modernization
instead
only leads to increased debts.
Instead
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,
show examples
they should work with banks that help them save
money
.
Submitted by pavithirasrisubramani on

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