Some people get into debt by buying they don’t need and can’t afford. What are the reasons for this behavior? What action can be taken to prevent from having this problem?
In boxing, there is a very often used proverb "Do not punch above your weight." This statement cautions any incoming boxer to choose his opponent wisely, according to his stature not according to the surroundings. These words resonate pretty well with the crux of the topic. I believe that a person must not squander away his money and land into debt by buying unnecessary and unaffordable items. Such an action can invite unnecessary problems.
Many psychologists have tried to decipher the causes of such a behavior. After years of observation, they put forward a number of reasons as possible explanations. Firstly, with the advent of modern technology and online shopping platforms like Flipkart, Walmart and Amazon, the procedure of buying and selling items has become very easy and convenient. Unlike the yesteryears, the customers enjoy the privilege of paying their bills as annuities in form of EMI. This has drastically streamlined the shopping process. For example, now a middle class individual earning only $1500 pm can afford to buy a smartphone costing over $500 by paying only $100 per month. Besides, lucrative cash transaction offers these internet-based megastores often give high discounts for select period. A perfect example of this is end of season sale on Amazon at Christmas, where everything is sold at 50% off. This has caused a lot of customers to buy off necessary things with the hope that they might need it in future.
Secondly, due to liberal economic policies of the authorities like the Tax-cuts, have ensured a larger inflow of liquid cash right into the hands of the customers. These are the nouveau riche middle class, who aspires to rise above this barrier and enter the sphere of the elites. In their desperate bid to achieve this feat, these people buy unnecessary items in order to display them ostensibly and pretend to be an elitist.
Such actions inevitably do more harm than good. As a result of debt the family is unable to fulfill the basic needs and suffers miserably. To escape such a predicament it is advisable to utilize the hard-earned money judiciously. The best example to illustrate this will be to make a monthly budget detailing the income and basic expenditures of the family, for example electricity and cable bills. It will be better to save some for the future by keeping in a bank or by investing in stock market as it will keep the money rolling and will bring in returns. For example, an investment in mutual funds will help to raise the value for money.
So, in conclusion I want to say that to earn money is hard but spending it judiciously is harder. It needs a lot of planning and deliberation. If proper steps are not taken then there will be no difference between a pauper and a rich man.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2023-02-09 | mhienle | 61 | view |
| 2021-12-06 | nganphuong05 | 73 | view |
| 2021-12-06 | nganphuong05 | 89 | view |
| 2021-09-22 | JAY9923 | 84 | view |
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Grammar and spelling errors:
Line 4, column 302, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... the crux of the topic. I believe that a person must not squander away his money ...
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Message: Possible typo: you repeated a whitespace
Suggestion:
...ecessary problems. Many psychologists have tried to decipher the causes of suc...
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Message: Possible typo: you repeated a whitespace
Suggestion:
...ndividual earning only 500 pm can afford to buy a smartphone costing over 00 by ...
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Line 6, column 598, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...idual earning only 500 pm can afford to buy a smartphone costing over 00 by payi...
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Line 6, column 992, Rule ID: IN_PAST[1]
Message: Did you mean: 'in the future'?
Suggestion: in the future
...s with the hope that they might need it in future. Secondly, due to liberal economic p...
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Line 10, column 420, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...ty and cable bills. It will be better to save some for the future by keeping in ...
^^
Line 10, column 457, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... to save some for the future by keeping in a bank or by investing in stock marke...
^^
Line 10, column 637, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...l funds will help to raise the value for money. So, in conclusion I want to s...
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Transition Words or Phrases used:
besides, but, first, firstly, if, second, secondly, so, then, well, for example, in conclusion, as a result
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 13.1623246493 99% => OK
Auxiliary verbs: 11.0 7.85571142285 140% => OK
Conjunction : 16.0 10.4138276553 154% => OK
Relative clauses : 5.0 7.30460921844 68% => More relative clauses wanted.
Pronoun: 31.0 24.0651302605 129% => Less pronouns wanted
Preposition: 69.0 41.998997996 164% => OK
Nominalization: 7.0 8.3376753507 84% => OK
Performance on vocabulary words:
No of characters: 2313.0 1615.20841683 143% => OK
No of words: 472.0 315.596192385 150% => Less content wanted.
Chars per words: 4.90042372881 5.12529762239 96% => OK
Fourth root words length: 4.6610686524 4.20363070211 111% => OK
Word Length SD: 2.76031191251 2.80592935109 98% => OK
Unique words: 281.0 176.041082164 160% => OK
Unique words percentage: 0.595338983051 0.561755894193 106% => OK
syllable_count: 731.7 506.74238477 144% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 10.0 5.43587174349 184% => OK
Article: 5.0 2.52805611222 198% => OK
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 7.0 4.76152304609 147% => OK
Performance on sentences:
How many sentences: 25.0 16.0721442886 156% => OK
Sentence length: 18.0 20.2975951904 89% => OK
Sentence length SD: 45.5188049052 49.4020404114 92% => OK
Chars per sentence: 92.52 106.682146367 87% => OK
Words per sentence: 18.88 20.7667163134 91% => OK
Discourse Markers: 4.28 7.06120827912 61% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 8.0 5.01903807615 159% => OK
Sentences with positive sentiment : 14.0 8.67935871743 161% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.248976872642 0.244688304435 102% => OK
Sentence topic coherence: 0.0544791004517 0.084324248473 65% => OK
Sentence topic coherence SD: 0.036789850323 0.0667982634062 55% => OK
Paragraph topic coherence: 0.111569717837 0.151304729494 74% => OK
Paragraph topic coherence SD: 0.0380809998698 0.056905535591 67% => OK
Essay readability:
automated_readability_index: 11.1 13.0946893788 85% => Automated_readability_index is low.
flesch_reading_ease: 53.21 50.2224549098 106% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 10.3 11.3001002004 91% => OK
coleman_liau_index: 11.14 12.4159519038 90% => OK
dale_chall_readability_score: 8.81 8.58950901804 103% => OK
difficult_words: 128.0 78.4519038076 163% => OK
linsear_write_formula: 8.5 9.78957915832 87% => OK
gunning_fog: 9.2 10.1190380762 91% => 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.