Some people get into debt 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 having this problem?‎

This

is very common to see that many individuals are embedding themselves in a high amount of debt which is not in their budget to pay off. Even though people are aware of their financial conditions still they tend to continue the same practice. There is a plethora of causes behind

this

problem which I am going to elaborate on in the upcoming paragraphs. Starting with, I believe people are getting so fond of pleasing each other that they are going beyond their economic conditions to maintain their standards in society.

For instance

,

while

attending social gatherings, every person brings a luxury item as a gift which may or may not be considered useful by the receiver. Just to show off their social class in front of fellow guests, everyone is forcing themselves to buy expensive stuff. Moving forward,

this

practice can be stopped if everyone contributes to changing their typical stereotypes regarding social behaviours. No matter if you belong to a rich, a poor or a middle-class family every individual has to set up some boundaries to limit the expenditure. People pleasing needs to be prevented. We cannot control what happened in the past but we can teach our younger generations how to make a monthly budget based on their income in order to control their expenses. Young minds are under the huge influence of social media. We need to take good control over what is being advertised on all platforms.

Additionally

, relevant information should be provided to viewers to protect them from getting manipulated into buying unnecessary goods. To be concluded, with the adoption of urbanization and globalization, buying stuff online is very convenient than in the past. Whatever we shop it gets delivered at home without any hustle. There is an immediate need to be aware of each other that living up to our earning figures could bring prosperity, less stress and a feeling of satisfaction into our lives.