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?
Nowadays, youngsters spend on needless exorbitant commodities, which results in
insolvency
status Use synonyms
due to
their budgets being bankrupted from many financial wastes. Linking Words
This
phenomenon likely stems from the influences of a consumerism society and is stuck in a financial credit trap owing to the lack of financial knowledge. There is a general consensus about a potential solution for financial education.
Linking Words
To begin
with, it is undeniable of the influences of consumerism culture to Linking Words
this
Linking Words
insolvency
. Perhaps the gravest impact is peer pressure, people attempt to own some symbolised commodities just to achieve validation from their friends because they want to integrate into a community. Use synonyms
For example
, in a materialistic culture, people prefer buying expensive Linking Words
items
to generate a good impression of others' surroundings, which makes them feel compelled and beyond their means. Use synonyms
Additionally
, the prevalence of digital marketing in consumerism society in social networking sites with many psychological effects that were applied to these advertisement videos to persuade a target consumer group to buy these productions. Linking Words
In particular
, aggressive emotional marketing techniques including fear of missing out and retail therapy in advertising campaigns have proven their effectiveness, which led to impulsive buying of some customers and temporary skyrocketing sales during holiday events. Linking Words
Secondly
, many businesses launched their promotional events with plenty of discount codes and a lot of financial assistance methods to support purchasers, who do not have enough financial capacity, to buy their preferred Linking Words
items
. Use synonyms
As a result
, the availability of credit cards and loans with relatively low barriers to entry can make it easy for individuals to accumulate debt, which might make them struggle with a Linking Words
high interest
ratio of Add a hyphen
high-interest
this
loan and some punishment fees as they did not pay their fees on time. In general, the lack of basic financial literacy and impulsive decision-making from losing control of emotions have contributed significantly to Linking Words
this
Linking Words
insolvency
.
Use synonyms
Nevertheless
, the most optimal way to alleviate Linking Words
this
phenomenon is to strengthen financial knowledge about some financial assistance options provided by financial institutions. Linking Words
Firstly
, Linking Words
this
helps them choose the better loan with the lower fees and avoids any punishment fee in their contract. Linking Words
Secondly
, Linking Words
this
type of course helps them have a better financial scheme and minimizes being stuck in a financial trap. Linking Words
Lastly
, they Linking Words
also
need to consider the actual necessary Linking Words
items
based on their requests to minimize financial waste for these trashes.
Use synonyms
To conclude
, it is advisable that the lack of basic financial knowledge and impulsive decision-making are two of the predominant factors in Linking Words
insolvency
, which can be solved by following a financial course and considering the actual necessary Use synonyms
items
for themselves.Use synonyms
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coherence cohesion
To improve the coherence and cohesion, consider segmenting your essay into clear paragraphs with each paragraph focused on a single idea. This will help in maintaining a logical flow of information.
task achievement
To further enhance task achievement, ensure that each main point is fully elaborated with relevant examples and explanations. For instance, you could delve deeper into the psychological aspects of consumer behavior or provide specific statistics.
task achievement
The essay provides a comprehensive response to the task by addressing both the reasons people fall into debt and potential solutions.
coherence cohesion
The essay has a clear introduction and conclusion, which helps in framing the response effectively.
task achievement
You have used relevant examples, such as peer pressure and digital marketing, to support your main points.
Support ideas with relevant, specific examples
Examples make your writing easier to understand by illustrating points more effectively.
Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.
When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.
Linking words for giving examples:
- for example
- for instance
- to illustrate this
- to give a clear example
- such as
- namely
- to illustrate
- take, for example