Some people get into debt by buying things they don’t need and cannot afford. What are the reasons for this behaviour? What actions can be taken to prevent people from having this problem?

Nowadays, some individuals gain loans to purchase expensive items which they do not really need in their daily lives. Personally, I think it has to do with lack of skills, the influence of advertising and so on,

thus

people

should take several impactful actions to preclude

this

issue

such

as increasing their abilities. It is logical that some

people

do not have any knowledge about finances. Because of

this

, they waste money on things that are not really essential or helpful, and they tend to think that by acquiring non-essential products they would experience an increase in their social status, which is not true.

For example

, it is noticeable that a number of individuals certainly copy each other, wearing the same clothes, and similar technology from brands

such

as Gucci, and Apple, and the reason for

this

statement is the influence of advertising and consumer culture.

Moreover

, most part of our society believes that if they bought some expensive and new-brand units, they would become better known and more relevant, but

this

cannot even work .

Nevertheless

, there are plenty of ways to solve

this

problem.

Firstly

, the most important thing that a community needs is knowledge about spending cash correctly, which is financial education.

For instance

, everyone can easily use the internet and take some online courses that provide adequate materials to learn how to save not just money, but

also

time.

Secondly

, if society blocks any easy access to credit and loans, they will experience freedom of action and will no longer be in debt. To give a clear example, new technologies have required built-in facilities

such

as blocking something and so on, and it will be especially helpful for everyone who tries to abandon their bad habits.

Finally

,

people

may buy needed things with the same abilities just by researching through online platforms and checking qualities

instead

of purchasing a lot of unnecessary items. In conclusion,

although

people

tend to purchase a lot of products that are not very meaningful and expensive, they can try to change themselves, learn some financial skills and study first the quality of the product rather than its price tag.