Some people get into debts 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?

Submitted by abhi1389 on Wed, 07/25/2018 - 04:23

For more than centuries, man was happy to just fulfill his wants, particularly food, shelter and clothing. However, in the modern era, many people are aiming for needs, especially personal. Often times these needs are unessential and still bought at high risk.

Most of the pleasure is at reach to many, thanks to the introduction of leasing and credit cards. With these, the term ‘affordability’ is out of question. As a result, no one is taking a step back while thinking about buying a product. In addition, advertisements too are grabbing the attention of buyers in a significant manner. Particularly, some of them promote EMI’s and zero interest credit to lure customers, and many times they are successful. But what are the consequences?

Knowingly or unknowingly, many consumers face debts that sometimes may lead to adverse ramifications. Alongside buyers, banks and financial institutions too will face the effects. A good example is 2008 recession, where many banks in USA ran in to huge losses following unpaid home loans by its customers. The main problem however is the lack of awareness among public about the serious effects of such investments.

In order to prevent such uncalculated risks, measures must be taken to raise awareness among people. Also, one must learn how to manage his budget in order to get a balance between necessity and pleasure. Keeping a ledger of income and expenses monthly would be very helpful and gives an image of how his budget should be spent.

All summed up, the chances of becoming a victim of consumer’s society are high nowadays due to the surrounding temptations but his problem could be easily avoided by being aware of the dangers and having a rational attitude when dealing with money.

Votes
Average: 8.4 (1 vote)
Essay Categories
IELTS Writing Task II - IELTS Academic

Grammar and spelling errors:
Line 3, column 316, Rule ID: IN_A_X_MANNER[1]
Message: Consider replacing "in a significant manner" with adverb for "significant"; eg, "in a hasty manner" with "hastily".
...oo are grabbing the attention of buyers in a significant manner. Particularly, some of them promote EMI...
^^^^^^^^^^^^^^^^^^^^^^^

Transition Words or Phrases used:
also, but, however, if, may, so, still, while, in addition, as a result

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 17.0 13.1623246493 129% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 13.0 10.4138276553 125% => OK
Relative clauses : 3.0 7.30460921844 41% => More relative clauses wanted.
Pronoun: 10.0 24.0651302605 42% => OK
Preposition: 43.0 41.998997996 102% => OK
Nominalization: 5.0 8.3376753507 60% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.

Performance on vocabulary words:
No of characters: 1486.0 1615.20841683 92% => OK
No of words: 289.0 315.596192385 92% => More content wanted.
Chars per words: 5.14186851211 5.12529762239 100% => OK
Fourth root words length: 4.12310562562 4.20363070211 98% => OK
Word Length SD: 3.07077391267 2.80592935109 109% => OK
Unique words: 194.0 176.041082164 110% => OK
Unique words percentage: 0.671280276817 0.561755894193 119% => OK
syllable_count: 463.5 506.74238477 91% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 0.0 5.43587174349 0% => OK
Article: 4.0 2.52805611222 158% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 5.0 4.76152304609 105% => OK

Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 17.0 20.2975951904 84% => The Avg. Sentence Length is relatively short.
Sentence length SD: 44.3832787492 49.4020404114 90% => OK
Chars per sentence: 87.4117647059 106.682146367 82% => OK
Words per sentence: 17.0 20.7667163134 82% => OK
Discourse Markers: 4.17647058824 7.06120827912 59% => More transition words/phrases wanted.
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 6.0 8.67935871743 69% => OK
Sentences with negative sentiment : 7.0 3.9879759519 176% => OK
Sentences with neutral sentiment: 4.0 3.4128256513 117% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.176187580134 0.244688304435 72% => OK
Sentence topic coherence: 0.0473020539274 0.084324248473 56% => OK
Sentence topic coherence SD: 0.0462913488835 0.0667982634062 69% => OK
Paragraph topic coherence: 0.0787970559337 0.151304729494 52% => OK
Paragraph topic coherence SD: 0.0385616790015 0.056905535591 68% => OK

Essay readability:
automated_readability_index: 11.3 13.0946893788 86% => Automated_readability_index is low.
flesch_reading_ease: 54.22 50.2224549098 108% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 9.9 11.3001002004 88% => OK
coleman_liau_index: 12.24 12.4159519038 99% => OK
dale_chall_readability_score: 9.29 8.58950901804 108% => OK
difficult_words: 88.0 78.4519038076 112% => OK
linsear_write_formula: 7.0 9.78957915832 72% => OK
gunning_fog: 8.8 10.1190380762 87% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?

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Rates: 84.2696629213 out of 100
Scores by essay e-grader: 7.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.