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?”

In the contemporary world,

people

tend to get influenced by the material goods they see on social media.

In addition

, ads seen on mobile applications

such

as Tiktok and Instagram tend to make

people

make unnecessary purchases.

Furthermore

, it develops a habit of abrupt spending on useless stuff which adds no value to their

lives

and creates a serious imbalance in their finances leading to heavy debts. In

this

essay, I will discuss the root of

this

problem and try to give a solution before my conclusion is reached. In many cases, the unnecessary spendings usually originate from peer pressure and the fear of missing out.

Moreover

,

people

are usually inspired by celebrities on social media and crave to own the things they see in the hands of their favourite actors or musicians.

In addition

, these unpredictable shopping patterns are

also

caused due to a lack of foresight on

one

's finances.

For instance

, many

people

were caught wearing huge spectacles worn by a very famous actor in

one

of his TV shows recently. The solution is pretty simple.

One

must be comfortable in their own skin. Every purchase must be thoroughly thought through and the necessity of the said item must be accessed before making the purchase.

Additionally

,

people

must develop a habit of making a weekly or monthly budget to keep a firm grip on their spending. The habit of saving must be developed to save some amount for a rainy day.

For example

, studies show that

people

who make a budget and make sensible shopping decisions tend to have contended

lives

and are reported to have a higher degree of mental peace. In conclusion,

people

tend to make abrupt decisions when going shopping without accessing the necessity of their purchases and

this

results in adverse effects on their

lives

.

Instead

, individuals should always try to foresee their budget and try to plan their finances as much as possible to avoid unpredictability in their

lives

. In my opinion, financial debt is a curse and

one

must try to avoid it at all costs unless of course extremely necessary.