Many people buy unnecessary things and get into debt when they do not need them. why people who buy extra things are getting into debt and discuss possible solutions.

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The buying power of the public is increasing, one of the factors is they have been purchasing a lot of unimportant
things
.
Moreover
, these habits are severed with the lack of financial control. In
this
essay, I will explore the major reason that causes
this
phenomenon and deliver a variety of solutions.
People
spend money to get
things
impulsively for their pride and instant desire. With the presence of social media, we often compare our lives with others, including their wealthy
products
.
Moreover
, we easily be influenced by advertisements and influencers that promote paid
products
.
As a result
, we falsely think that it is necessary which in fact it is not.
People
force themselves to buy expensive
things
such
as branded bags, and clothes.
However
, they get the money from third-party sources,
for instance
, pay later or credit card, without thinking about their financial capabilities to pay it back.
This
instant desire will cause
people
to get into debt and no longer be able to pay for their daily needs. The way to stop these habits is with financial awareness and self-control.
Firstly
,
people
should set a mindset that they do not have to buy what every popular person has. To make it clear, getting swayed by the trend is not a good lifestyle for us.
Secondly
, track the income and spending.
This
means, that even if we desperately want something, think about our priorities in life. If we can afford
things
without sacrificing our needs
then
we are safe to bring home that product.
Lastly
, for luxury
products
,
people
must contemplate about which is the product could be used as an investment or at least use it for a long time. In conclusion, impulsive buying is mostly caused by pride and influence in social media. To handle
this
,
people
should be really aware of their financial condition, control themselves, and reduce their desire especially if the
products
are quite expensive.
Submitted by evaagustine11 on

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coherence cohesion
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task achievement
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coherence cohesion
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Topic Vocabulary:
  • Consumer culture
  • Impulsive purchases
  • Financial literacy
  • Retail therapy
  • Sustainable living
  • Minimalism
  • Psychological tricks
  • Credit facilities
  • Debt cycle
  • Budgeting tools
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