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?
Nowadays, high status matters a lot in society and
therefore
, people
get into debt by buying unnecessary things
which are not affordable. The following essay will give a detail explanation of the reasons and actions for the behaviour.
The main reason behind this
behaviour is that the public is competing with each other for showcasing high status in community
. Add an article
the community
For example
, a person wants to buy a large home even though he already has a house but that house is smaller in size and the main reason is that he wants to showcase his high status in society and for that
he is ready to pay the loan. Add a comma
,that
Moreover
, some people
also
desire to buy a car even if it is not necessary because they want to compete with people
who have high
income. Add an article
a high
In addition
to that, nowadays, many children make use of mobile phones at a very young age and the only reason behind this
attitude is that they want to showoff
in front of others. For an instance, a child who is rich makes use of mobile phones which are very costly and the children who are from Correct your spelling
show off
middle class
family cannot afford them and so, they force their parents.
There are many actions that can be taken to avoid the behaviour. Add a hyphen
middle-class
Firstly
, people
should balance their budget and according to that
they should buy Add a comma
,that
things
. To illustrate, people
should buy things
first
which are necessary and then
go for unnecessary things
and that is
only possible when savings are maintained.
To conclude, people
should buy things
first
which are important and will prove beneficial to them and after this
they should go for Add a comma
,this
things
which are not crucial and that is
,only if, they have saved some money.Submitted by manasiparmar97 on
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