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, It is becoming a trend to purchase luxurious things.
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.
Linking Words
Firstly
,Many physiological factors influencing a person to purchase lavish 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. Linking Words
Moreover
, fancy advertisements Linking Words
also
attract the public to invest in secondary items like fashion, jewellery and gadget. Linking Words
Lastly
, as applying for and obtaining credit cards is more effortless these days, many Linking Words
people
buy expensive items 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.
Admittedly, Use synonyms
this
behaviour could bring Linking Words
people
into a very hazardous situation. some solutions need to take to prevent Use synonyms
this
situation. Linking Words
Firstly
, the government has to impose some taxes to avoid unnecessary shopping out of budget. Linking Words
For instance
, Government can limit the advertisement and there must be a penalty for purchasing extra on the specific limit. Linking Words
Additionally
, there must be rigid rules and regulations on the procedure of issuing credit cards that every bank must follow. It must be ensured that the card limit must not be greater than the cardholder monthly income.Linking Words
Therefore
, by accepting these solutions we can prevent the detrimental situation of over purchasing.
In summary, to avoid getting into debt, everyone should consider both advantages and disadvantages of the products before buying them. Someone should not simply purchase a product because of pure luxury or pride. The repayment should Linking Words
also
be considered at the time of purchasing.Linking Words
Submitted by skshikhakochar on
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