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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

There is vast majority of
people
keep spending large amounts of
money
to buy products
while
getting into debt. In my opinion, the reason why
people
are addicted to purchasing is because they are influenced by their surrounding environment and
peers
. On the one hand, there are several reasons that lead to the problem of over-purchasing.
Firstly
, big companies lure customers by delivering prevalent advertisements and billboards
while
building ideal images by celebrities. Some
people
will buy products in order to be just like their favourite idol.
However
, they are just trapped by the mass
media
and giving away their incomes to purchase something unnecessary.
Similarly
,
peers
also
impact
people
’s consumption patterns through social
media
platforms.
People
often buy things under
peers
’ pressure
instead
of their needs. It turns out that, the environment, social
media
and our
peers
become a chain that leads
people
to over-purchasing.
On the other hand
, we should stop
this
vicious circle by building up proper attitudes towards
money
to the public. The government can prevent the trend of over-purchasing by holding financial management lectures or promoting tips for saving
money
.
For example
, setting a budget before shopping or don't go shopping
while
feeling emotional.
Furthermore
, the authorities should let the public understand the serious consequences of getting into debt that they cannot afford
such
as losing their credits by purchasing unneeded products.
In addition
, teachers need to let the children know that they should not follow any trend blindly and establish proper purchasing habits at a young age. On the whole, influence from the environment, social
media
and our
peers
are all reasons that lead to
this
behaviour. We should prevent
people
from having
this
problem by building up a correct attitude towards
money
to the public.
Submitted by BeckyJ on

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