Some people get into debt by buying things they don't need and can't afford. What are the reasons & action can be taken?

Question

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

Answer 1

Nowadays we are living in a society based on consuming. As a result, some people have problems in dealing with this budget and they get into debt by buying things they do not need and cannot afford. 

This kind of behavior is encountered quite often in our present days, mainly because of the possibility of buying goods in leasing. Hence, people buy most of the goods using the credit card without having a clear idea on how much oney they possess or they owe.

Also, another cause for this behavior could be psychological. The advertisement and the subliminal messages one encounters in a regular day in a big city has an enormous impace on one's brain. The main problem is the lack of awareness of the serious effects that advertisement can have on people.

In order to prevent people from adopting this dangerous behaviour, measures should be taken so as to raise awareness among people. Also, one must learn how to manage his budget in order to get a balance between necessiting and pleasure. Keeping a record on income and monthly spendings would be very helpful and would give to the consumer an overall image on how his budget should be spent.

All summed up, the chances of becoming a victim of the comsumer's society are high nowadays due to the surrounding temtations but this problem could be easily avoid by being aware of this dangers and having a rational attitue when dealing with money.