Some people get into debt by buying things they don’t need and can’t afford. What are the reasons for this behavior? What action can be taken to prevent people from having this problem?

We often see
people
who are drowning in debt for buying things that mostly are not either needed or are beyond the buyers capacity.
Thus
,
this
essay will discuss the reasons and prevention pertaining to
this
social issue.
Firstly
, I believe that social stigma is the main reason behind
this
impulse buying. To elaborate, it's a see-saw world where we are easily influenced by the things we see.
Furthermore
,
people
are in a never-ending war with their neighbours where the winner is decided upon the number of assets or tangible goods.
For example
, the US television series- Living with the Jones, humorously but precisely portrayed the bitter truth where
people
try to justify the purchase of stuff
that is
never required, just to gain the upper hand over the neighbour.
Similarly
, the sense of satisfaction that
people
get from owning things, is another catalyst that compels
people
to indulge in
such
behaviour. Andy the sad truth is that these are sometimes sustained from the means of debt.
Secondly
, self-contentment is the only way out of the aforementioned issue.
However
, I can
also
say that proper education in regards to self-control will be beneficial against
this
phenomenon.
On the other hand
, parents are the most important cog in maintaining socially responsible behaviour, which will ensure that their kids won't fall into the trap of temptation.
For instance
, my parents never allowed me to buy anything other than what was absolutely essential,
hence
, I never developed the habit of buying what I didn't need. In conclusion, there are many
people
who are falling into debt traps just to sustain a lifestyle
that is
not theirs or they simply can't afford it. But with proper guidance and self-control,
this
issue can be minimised.
Submitted by sagar_shrestha007 on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Improve your writing score in 2 weeks
After you write your essay, you will be provided with tips with examples of how to make your essay better in order to get a score above 7.

Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

Read more in the eBook

The Ultimate Guide to Get a Target Band Score of 7+ »

* free ebook for Premium users

What to do next:
Look at other essays:
Improve your band scores without paying for expensive tutoring
Hundreds of algorithms will assess your writing according to 4 evaluation criteria. Writing9 helps you find the weak points of your essay and make it flawless.