some people get into debt by buying things they dont need and cant afford . what are the reasons for this behaviour? what action can be taken to prevent people from having this problem?
In many nations
people
are getting into debt
by borrowing more money from bank
, financial houses and Fix the agreement mistake
banks
from
other investment firms Change preposition
apply
this
problem
is getting bigger everyday
. Several Replace the word
every day
people
are buying unwanted things
which is
not needed for their Change the verb form
are
life
and they are paying too much for those products and service
. Fix the agreement mistake
services
This
essay gives the major causes for this
unwanted buying things
and solutions to prevent Change preposition
of things
this
problem
.
In modern
Add an article
the modern
world
Add a comma
world,
people
are getting into debt
trap
so easily all financial firms are planning to pull working professionals into Fix the agreement mistake
traps
this
debt
trap
cycle. The main problem
is with people
and they want to explore lot
of Add an article
a lot
things
it can be a new product or service in the market, They like to travel a lot and they spent
so much on these Wrong verb form
spend
things
, so they don't have any money in their savings so they borrow. Another major problem
is people
are having
many desires these days, Wrong verb form
have
people
want to live a fake life
by looking into others life
Change noun form
'
styles
and to achieve these Correct your spelling
lifestyles
things
people
spent
more money so Wrong verb form
spend
as a result
they borrow and buy things
which is unnecessary for their life
. For example
, my friend bought a brand new phone for Rs 1,00,000 by EMI option from local
fund house and now he paying 18% interest, now he is in financial trouble.
To prevent Correct article usage
a local
people
from getting into debt
we need to educate them more on financial informations
like loan drawbacks, loan Change the wording
information
pieces of information
schems
, Correct your spelling
schemes
scheme
law
and regulations from the government. The best way to Fix the agreement mistake
laws
avoiding
Wrong verb form
avoid
this
debt
problem
is by giving more awareness towards public governments are doing
Verb problem
apply
this
they are giving Correct pronoun usage
apply
advertisments
related to loans and Correct your spelling
advertisements
debt
traps and people
can have a plan B solutions
to avoid Fix the agreement mistake
solution
this
debt
trap
. For example
, my friend avoided his debt
trap
by using his gold savings to pay his loans, so having a plan B always help in these situations
In conclusion, people
need more education and awarness
about their Correct your spelling
awareness
financial
and economy. They should have a plan B to avoid an unexpected financial Replace the word
finances
problem
these are essential for people
.Submitted by insighttribez on
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coherence cohesion
To improve the logical structure, you could organize ideas in clearer paragraphs and use more transitional phrases to guide the reader through your arguments.
task achievement
Make sure to fully develop your ideas with detailed explanations and relevant examples. For instance, explain more about educational campaigns on financial literacy and how they can be effective.
coherence cohesion
The conclusion effectively summarizes the main points and emphasizes the importance of financial education and planning.
task achievement
You provided relevant examples, such as the story of your friend buying a phone on EMI, which helps to illustrate your points.
Your opinion
Don’t put your opinion unless you are asked to give it.
If the question asks what you think, you MUST give your opinion to get a good score.
Don’t leave your opinion until the conclusion.
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