Modern society has integrated a lot of things to ease shopping for customers, but the same equipment has turned shopping into a horrific debt traps. Economic debt in particular is seen and experienced by a lot of people worldwide. In my opinion, modern day advertisments and credit cards are the main problems and ultimate debt-cause among shoppers. Thanks to technological advancements and modern shopping, we are exposed to advertisments of products and services almost all the time. Ads will reach to you through big street billboards, facebook links, whatsapp messages, television and podcast operators. This alone has caused a lot of unnecessary purchases, by often intimidating the users to think that their belongings are very old, or not as functional compared to before. The other major debt cause is credit cards, credit cards will try to trick you into thinking that you have enough source of money, and contribute to the debt factor, many credit card companies are making huge profits by charging gigantic amounts of money for installment plans, or setting big limits for your purchases that are not within your income range. With all of that said, there are major steps you should take that will prevent you from falling into debt, the first one inlcudes having self-control. You do not need to upgrade your devices if they are perfectly functional, and you do not need to subscribe to a discount plan if you know you won't use it regularly. Most importantly, you should ask your credit card provider to lower your purchase limit according to your salary. To conclude this, dept traps are easy to fall into, but very difficult to solve. The most effective way of fighting it is taking precautions mentioned earlier, and most importantly spreading the word! Your reletives and friends will be thankfull later on.
Modern society has integrated
a lot of
things to
ease
shopping for customers,
but
the same equipment has turned shopping into a horrific
debt
traps. Economic
debt
in particular
is
seen
and experienced by
a lot of
people
worldwide. In my opinion, modern day
advertisments
and
credit
cards
are the main problems and ultimate debt-cause among shoppers. Thanks to technological advancements and modern shopping, we
are exposed
to
advertisments
of products and services almost all the time. Ads will reach to you through
big
street billboards,
facebook
links,
whatsapp
messages, television and podcast operators. This alone has caused
a lot of
unnecessary
purchases
, by
often
intimidating the users to
think
that their belongings are
very
old
, or not as functional compared to
before
. The other major
debt
cause is
credit
cards
,
credit
cards
will try to trick you into thinking that you have
enough
source of money, and contribute to the
debt
factor,
many
credit
card
companies
are making huge profits by charging gigantic amounts of money for installment plans, or setting
big
limits for your
purchases
that are not within your income range. With all of that said, there are major steps you should take that will
prevent
you from falling into
debt
, the
first
one
inlcudes
having self-control. You do not need to upgrade your devices if they are
perfectly
functional, and you do not need to subscribe to a discount plan if you know you won't
use
it
regularly
. Most
importantly
, you should ask your
credit
card
provider to lower your
purchase
limit according to your salary.
To conclude
this, dept traps are easy to fall into,
but
very
difficult to solve. The most effective way of fighting it is taking precautions mentioned earlier, and most
importantly
spreading the word! Your
reletives
and friends will be
thankfull
later on.