Nowadays, people are fond of luxurious things and expensive lifestyle. In order to get these, people are taking credit, though they are not able to afford those things. This essay will discuss the reasons why this is happening and put forward several solutions for this issue.
One of the main reasons for this is, people want to live a lavish life style. What I mean by this is that, despite the fact that people are not able to afford the costly things, they are buying it. This will not only affect them financially but also psychologically. For example, many college students buy expensive mobile phones to showoff infront of thier friends and relatives. Eventhough they are not able to afford them. Furthermore, by seeing the advertisements people are getting influenced and without having a second thought of their financial ability, they are buying those things. For instance, people are buying air conditioners by seeing the credit card offers. In short, people are getting into liabilities because of the desire of lavish lifestyle and also getting influenced by promotional activities.
The possible solutions for this are, people should not be attracted to the expensive lifestyle and they should know their financial strength and plan accordingly. In addition, people should not be betrayed by adverts and they should know the benefits and drawbacks while getting influenced by any of the advertisements. Overall, knowing the reality, making mind clear of what we have and staying alert to the advertisements are the solutions for this issue.
All things considered, people are getting into debts, due to the reasons such as desire of comfortable life style and getting influenced by advertisements. These can be solved by just keeping our mind rational and staying alert to the reality.
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Nowadays,  
people
 are fond of luxurious things and expensive lifestyle. In order to  
get
 these,  
people
 are taking credit, though they are not able to afford those things. This essay will discuss the reasons why this is happening and put forward several solutions for this issue.
One of the main reasons for this is,  
people
 want to  
live
 a lavish life style. What I mean by this is that, despite the fact that  
people
 are not able to afford the costly things, they are buying it. This will not  
only
 affect them  
financially
  but
  also
  psychologically
.  
For example
,  
many
 college students  
buy
 expensive mobile phones to showoff  
infront
 of  
thier
 friends and relatives.  
Eventhough
 they are not able to afford them.  
Furthermore
, by seeing the  
advertisements
  people
 are getting influenced and without having a second  
thought
 of their financial ability, they are buying those things.  
For instance
,  
people
 are buying air conditioners by seeing the credit card offers. In short,  
people
 are getting into liabilities  
because
 of the desire of lavish lifestyle and  
also
 getting influenced by promotional activities.
The possible solutions for this are,  
people
 should not  
be attracted
 to the expensive  
lifestyle and
 they should know their financial strength and plan  
accordingly
.  
In addition
,  
people
 should not  
be betrayed
 by  
adverts and
 they should know the benefits and drawbacks while getting influenced by any of the  
advertisements
.  
Overall
, knowing the reality, making mind  
clear
 of what we have and staying alert to the  
advertisements
 are the solutions for this issue.
All things considered,  
people
 are getting into debts, due to the reasons such as desire of comfortable life style and getting influenced by  
advertisements
. These can  
be solved
 by  
just
 keeping our mind rational and staying alert to the reality.
Virus-free.  
www
.  
avast
.  
com