Task 2: Some people get into debt by buying things they don't need and can't afford. Where are the reasons for this behavior? What action can be taken to prevent people from having this problem.?
Nowadays, a number of individuals choose to buy things which aren't necessary for them and they don't bear the cost of paying for them. As a results, some people are put in debt. In this essay, I will discuss for the same and ways to prevent people from getting trapped in this problem.
In fact, there are many factors why people have this situation. Firstly, they think that enable for them to look cool they should be in trend. and are often lured by some luxury products. Although certain products are available at a smaller cost, people still buy them. They buy anything they want because of the brand instead of their functionality. To tackle this problem, people deciding things are bought, they need or not.
Secondly, credit cards,purchase cards, gift cards, are more available nowadays and having a credit card from a bank is easier than ever before.A credit card allows people to buy first and then pay at the end of month. People are attracted by this function of the card, so they tend to purchase too much without knowing whether the products are need or not. So the best way of solving this problem is to pay their bills with the use of cash. For example when they go shopping , instead of using credit cards, they had better pay it with their own money in their pockets. In addition, people need to manage their budgets efficiently when buying something.
In conclusion, buying unnecessary things is quiet common and we have to action to stop it now. Let's be a smart consumer and spend money wisely.
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