Some people get into debt by buying thing they do not need and cannot afford. What is the reason for this behaviour? What action can be taken to prevent people from having this problem?

Many
people
using debit cards to acquire possession which is unnecessary and out of their reach. There
are
Change the verb form
is
show examples
number
Change the article
a number
the number
show examples
of reasons which I will
discussing
Change the verb form
discuss
be discussing
show examples
in the upcoming paragraph and
decribing
Correct your spelling
describing
the
resonable
Correct your spelling
reasonable
solution for
such
situation. In
this
fast paced
Add a hyphen
fast-paced
show examples
world, everyone like to obtain expensive clothes and luxury life.
Nodoubt
Correct your spelling
No doubt
that these development make
the
Correct article usage
apply
show examples
human life easy but
on the other hand
it is a kind of burden.
Firstly
,
people
using
debit
Add an article
a debit
the debit
show examples
card
for getting new and high-priced possession for taking and uploading pictures on various social media
such
as Facebook,Instagram,TikTok and so on.
Secondly
, the significant growth of many elite
Malls
, that attract the masses in spending money on
jewellry
Correct your spelling
jewellery
,branded clothes and gadgets.
Lastly
, with the apply of
crdit
Correct your spelling
credit
card
people
who have
average
Add an article
an average
show examples
range of salary will
also
obtain branded things.
For buying
Change preposition
Buying
show examples
unnessary
Correct your spelling
unnecessary
things using
ths
Correct your spelling
this
the
debit will lead
a
Change preposition
to a
show examples
serious
problem
for many of the
card holders
Correct your spelling
cardholders
show examples
. There are several things that
people
could do to mitigate the
problem
. One of several
reason
Change to a plural noun
reasons
show examples
is that there should be provided
a
Add the preposition
with a
show examples
clear regulation about
credit
Add an article
a credit
the credit
show examples
card
that must be followed by banks and financial institution, regarding the process to get a credit
card
. To ensure that every
individuals
Change to a singular noun
individual
show examples
must have a
limit
Replace the word
limited
show examples
amount of access to
credit
Correct article usage
a credit
show examples
card
according to
its
Correct pronoun usage
their
show examples
income.
Moreover
, for adding more
malls
into the cities
instead
, the government
shoud
Correct your spelling
should
build more parks and children playgrounds.
Therefore
,
people
should have more options for entertainments
besides
going to shopping
malls
. To be concluded, it is true that
people
facing
many
Correct your spelling
any
show examples
problem
Change to a plural noun
problems
show examples
with
the
Correct article usage
apply
show examples
debt for obtaining luxury and fancy goods. To solve
this
problem
,
government
Add an article
the government
show examples
should build more recreational parks or area where
people
shoud
Correct your spelling
should
spend their time
instead
of
malls
.
Submitted by mandeepsandhu7067 on

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Topic Vocabulary:
  • Consumerism
  • Impulsive purchasing
  • Financial literacy
  • Debt management
  • Budgeting skills
  • Credit facilities
  • Emotional spending
  • Therapeutic shopping
  • Fiscal responsibility
  • Credit card debt
  • Financial education
  • Social status
  • Retail therapy
  • Economic behavior
  • Spending patterns
  • Compulsive buying
  • Financial solvency
  • Advertising influence
  • Societal expectations
  • Long-term consequences
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