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.
Nowadays,
This
is becoming a trend to Linking Words
purchase
luxurious things. Use synonyms
However
, Linking Words
People
get to be in debt because of buying goods that they do not need and could not buy. There may be various reasons for Use synonyms
this
attitude like competition, social tradition, greed and marketing tactics are the influencing factors for Linking Words
such
a trend and Some logical preventions can be taken to prevent it.
Many physiological factors motivate a person to Linking Words
purchase
luxurious goods. For some consumers, a luxury good can go a long way in increasing self-esteem or providing a sense of belonging. They believe that they can impress others by showing their wealth. Use synonyms
Moreover
, fancy advertisements Linking Words
also
attract Linking Words
people
to Use synonyms
purchase
secondary items like fashion, jewellery and gadget. Use synonyms
Lastly
, as applying for and obtaining Linking Words
credit
Use synonyms
cards
is more effortless these days, many Use synonyms
people
buy expensive items that are greater than their income. As a consequence of Use synonyms
this
hedonistic lifestyle, many Linking Words
people
are ended up with a severe problem of debts.
There are several things that Use synonyms
people
could do to solve the problem. One of them is that there should be a clear regulation about Use synonyms
credit
Use synonyms
cards
that must be followed by banks and financial institutions, regarding the procedure of issuing Use synonyms
credit
Use synonyms
cards
to their consumers. It must be ensured that the Use synonyms
credit
limit Use synonyms
that is
given to Linking Words
credit
card holders is aligned with the individual’s income. And Use synonyms
then
, Linking Words
instead
of adding more malls in the city, the government should focus on building more public parks and children playgrounds. Linking Words
Therefore
, Linking Words
people
would have more options for entertainments Use synonyms
besides
going to the shopping centres.
In conclusion, it is true that a lot of Linking Words
people
are having debt problems, as they Use synonyms
purchase
luxurious stuff and having fancy lifestyles. Some of the factors that trigger the problem Use synonyms
are
Correct your spelling
area
due to
the effect of social media, the increasing number of shopping malls and the easier procedure in obtaining Change preposition
apply
credit
Use synonyms
cards
. And to solve the issue, the government should make a better regulation about Use synonyms
credit
card usage and build more public facilities; Use synonyms
therefore
Linking Words
people
have more alternative places to visit Use synonyms
beside
malls.Correct your spelling
besides
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