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?
Over the
last
few years, because of economic growth, the concept of Linking Words
consumerist
society is becoming more popular. It means that Correct article usage
a consumerist
people
buy much more than Use synonyms
this
is necessary for them. In Linking Words
this
essay, I will explore the reasons for Linking Words
this
conduct and the actions that could help to tackle Linking Words
this
problem.
There are several reasons why Linking Words
people
get into debt to buy Use synonyms
things
that are not essentials for them. Use synonyms
Firstly
, the governments encourage Linking Words
people
to spend money to buy everything from realty estate to modern household appliances. Use synonyms
This
is because, when Linking Words
people
spend their disposable income Use synonyms
instead
of saving money, they help different companies to increase their income that results in boost economics and more taxes go to the country’s budget. Linking Words
That is
why authorities undertake measures to make bank loans are more accessible for the majority of the population.
Another reason for increased consumption is likely related to the development of different social networks Linking Words
such
as Facebook or Instagram where Linking Words
people
try to demonstrate their superiority through luxury Use synonyms
things
. On one hand, Use synonyms
this
helps them increase their self-esteem, Linking Words
on the other hand
, Linking Words
this
prompts others to buy the same Linking Words
things
or even more luxurious and expensive. Use synonyms
Consequently
, Linking Words
people
get into a debt trap for a long time. Use synonyms
Finally
, these days, Linking Words
people
can obtain credit cards easier than before and when many tempting Use synonyms
things
Use synonyms
such
as new gadgets, fashion, or Linking Words
jewelry
, surround you, it is very difficult to refrain from buying them.
The ultimate responsibility for reckless spending lies with Change the spelling
jewellery
people
. They should learn to plan their expenses and spend money only for necessary Use synonyms
things
with their level of income. Use synonyms
For example
, it could be a budget application where you lay out your expenses for the coming year or month and Linking Words
then
you spend following Linking Words
this
plan. Linking Words
Therefore
, you can control all your expenses and avoid buying unnecessary Linking Words
things
.
To sum up, nowadays, with the development of technologies and financial Use synonyms
institution
Fix the agreement mistake
institutions
people
hardly can resist the temptation to purchase something impulsively that creates for them serious financial difficulties. Use synonyms
However
, wise planning and avoiding spontaneous purchases could help to solve these problems and to prevent mankind from increasing financial burden.Linking Words
Submitted by alkirina on
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