some people get into debt by buying things they don't need and can't afford. what are the reasons for this behaviour? what actions can be taken to prevent people from having this problem?

Life has changed over the years. The biggest problem is not worrying about being able to eat something anymore, but the biggest desire of people nowadays is to buy expensive gadgets even if they cannot afford them.

This

unwise action might lead to debt. Some of the reasons are connecting to the idea of showing the status in the society. By introducing stricter rules, related to the loans, might be a solution. Everyone has their own place not only in their family or in the workplace among coworkers but

also

everywhere they go and in every group. These positions can be occupied with behaviour and with possessions.

For instance

, if we see a man in a shirt with a Rolex watch in his arm driving a BMW

then

we might think that he is a wealthy person,

thus

we will treat him with respect. For

such

reason, people are willing to spend more on pieces of equipment which are not necessary for their life and cost too much to pay by themselves. There are already exist a few rules directing the method who can have an instalment and who cannot.

However

, human beings tend to trick the system as having credit to be able to pay another loan. Were the possibilities reduced and broadened, the requirements would make it harder to create a debt.

For example

, one person only can have one credit and maybe

this

would reduce the possibility of a mortgage. To summarize, with severe new laws the human greed could be controlled and reduced the expenses for unnecessary accessories. Hopefully, someday, humanity will be able to learn how to use money wisely.