Some individuals purchase expensive products that are not necessary, which leads them into financial troubles. The reasons for this are excessive advertisement by the companies and people maintaining their social status. This can be avoided with the aid of the government as well as having a precise budget plan.
To commence with, people choose to spend their money due to two main causes. Firstly, the organizations are advertising about their items in a creative way. This influences them to checkout their things although they had no intention of purchasing. For instance, the makeup products of a prominent company- Maybelline, advertises attractively, which makes women to buy without a second thought. Secondly, most of the citizens would like to behave as an opulent person. As a result, they acquire international garments to be seen as socially acceptable. For example, many teenagers are interested in owning foreign branded goods like Zara, to standout from their friends. In short, people are attracted to own the products that are advertised online and wear fancy clothes to portray their richness and get into debt.
However, this can be prevented by taking up few measures. The government should conduct workshops to educate people about finances, which would be conducive in living a comfortable life without any loans. Furthermore, they can have a clear plan about how to spend their expenses in order to save money and buy things they need. For example, if the adults spend less amount on their credit cards, they do not have to worry about paying huge interests. If people do not take any action towards this behaviour, then it increases stress and leads to depression of not being able to pay back the money they spent.
In conclusion, although individuals acquire items that are unwanted they can control their spending by following an allowance plan.
Some
individuals
purchase
expensive products that are not necessary, which leads them into financial troubles. The reasons for this are excessive advertisement by the
companies
and
people
maintaining their social status. This can
be avoided
with the aid of the
government
as well
as having a precise budget plan.
To commence with,
people
choose to spend their money due to two main causes.
Firstly
, the organizations are advertising about their items
in a creative way
. This influences them
to checkout
their things although they had no intention of purchasing.
For instance
, the makeup products of a prominent
company
- Maybelline, advertises
attractively
, which
makes
women to
buy
without a second
thought
.
Secondly
, most of the citizens would like to behave as an opulent person.
As a result
, they acquire international garments to be
seen
as
socially
acceptable.
For example
,
many
teenagers
are interested
in owning foreign branded
goods
like Zara, to standout from their friends. In short,
people
are attracted
to
own
the products that
are advertised
online and wear fancy clothes to portray their richness and
get
into debt.
However
, this can be
prevented
by taking up few measures. The
government
should conduct workshops to educate
people
about finances, which would be conducive in living a comfortable life without any loans.
Furthermore
, they can have a
clear
plan about how to spend their expenses in order to save money and
buy
things they need.
For example
, if the adults spend less amount on their credit cards, they do not
have to
worry about paying huge interests. If
people
do not take any action towards this
behaviour
, then it increases
stress
and leads to depression of not being able to pay back the money they spent.
In conclusion
, although individuals acquire items that
are unwanted
they can control their spending by following an allowance plan.