Some people get into debt by buying things they don’t need and cannot afford. What are the reasons for this behavior? What actions can be taken to prevent people from having this problem?
In recent days, one can witness that there are plenty of innovative and exorbitant items readily accessible to consumers in the markets and online. Thanks to industrialization, selling and purchasing of goods have become convenient to not only customers but also to companies. Unfortunately, advertising of these expensive items is tempting to people easily, which in turn causes the financial trouble. This essay will discuss the key reasons for this phenomenon and also the suitable ways to mitigate any adverse consequences.
To begin with, the customers, nowadays, easily fall into the debt trap by purchasing the expensive items that they cannot afford. First, credit cards issued by financial banks have considerably increased the purchasing power of the people. For example, people are buying most of the items easily as they do not need to worry about cash than before as they possess credit cards now. Consequently, they tend to purchase many new items which they do not even need such as fashionable clothes, vehicles, electronics and so on. Moreover, growth in fashion industry is tempting to ladies to buy expensive garments and clothes which they cannot afford even. Second, due to growth in media and advertisements, specially young children have easily trapped by the lifestyle of celebrities. For example, recent research showed that 75% of children have started to imitate actors and actresses by wearing clothes and purchasing bikes. This trend clearly demonstrate that youngsters are spending their parent’s income on those hefty items for the show-off which they do not need at all. Finally, customers are buying the laptops and computers with plethora of features which they do not even know about. This, in turn, results into big debt trap for them.
However, this can be alleviated by taking some important steps. Government authority should aware to citizens of bad consequences of financial debt. For this, they must run awareness campaigns to different regions. In addition, school curriculum should also incorporate the subjects to children on this phenomenon. By this way, they can plan adequately for their earned money in advance and they will not spend the money on any extraneous items which they cannot afford. Moreover, banks should also reduce the available limit of the credit card. This ensure that people will not become spendthrift. Finally, people should buy the electronics only for the features they need.
In conclusion, the spendthrift behavior will be worsening the financial situation of the people, however by providing awareness of financial debt to them will dramatically reduce the spending and eventually debts.
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Comments
Essay evaluations by e-grader
Grammar and spelling errors:
Line 2, column 645, Rule ID: AFFORD_VB[1]
Message: This verb is used with the infinitive: 'to even'
Suggestion: to even
...ts and clothes which they cannot afford even. Second, due to growth in media and adv...
^^^^
Line 4, column 214, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...duce the spending and eventually debts.
^^^
Transition Words or Phrases used:
also, but, consequently, finally, first, however, if, moreover, second, so, for example, in addition, in conclusion, such as, to begin with
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 13.1623246493 61% => OK
Auxiliary verbs: 20.0 7.85571142285 255% => Less auxiliary verb wanted.
Conjunction : 13.0 10.4138276553 125% => OK
Relative clauses : 11.0 7.30460921844 151% => OK
Pronoun: 32.0 24.0651302605 133% => Less pronouns wanted
Preposition: 59.0 41.998997996 140% => 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: 2250.0 1615.20841683 139% => OK
No of words: 420.0 315.596192385 133% => OK
Chars per words: 5.35714285714 5.12529762239 105% => OK
Fourth root words length: 4.52701905584 4.20363070211 108% => OK
Word Length SD: 2.7979543872 2.80592935109 100% => OK
Unique words: 221.0 176.041082164 126% => OK
Unique words percentage: 0.52619047619 0.561755894193 94% => More unique words wanted or less content wanted.
syllable_count: 684.9 506.74238477 135% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 5.43587174349 129% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 0.0 2.10420841683 0% => More adverbial clause wanted.
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 6.0 4.76152304609 126% => OK
Performance on sentences:
How many sentences: 23.0 16.0721442886 143% => OK
Sentence length: 18.0 20.2975951904 89% => OK
Sentence length SD: 38.6108988796 49.4020404114 78% => OK
Chars per sentence: 97.8260869565 106.682146367 92% => OK
Words per sentence: 18.2608695652 20.7667163134 88% => OK
Discourse Markers: 6.04347826087 7.06120827912 86% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 2.0 5.01903807615 40% => OK
Sentences with positive sentiment : 10.0 8.67935871743 115% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 7.0 3.4128256513 205% => Less facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.305087232526 0.244688304435 125% => OK
Sentence topic coherence: 0.0910036496355 0.084324248473 108% => OK
Sentence topic coherence SD: 0.0610746504469 0.0667982634062 91% => OK
Paragraph topic coherence: 0.170535809944 0.151304729494 113% => OK
Paragraph topic coherence SD: 0.0879455200985 0.056905535591 155% => OK
Essay readability:
automated_readability_index: 12.9 13.0946893788 99% => OK
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: 13.81 12.4159519038 111% => OK
dale_chall_readability_score: 8.89 8.58950901804 103% => OK
difficult_words: 116.0 78.4519038076 148% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 9.2 10.1190380762 91% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?
---------------------
Rates: 67.4157303371 out of 100
Scores by essay e-grader: 6.0 Out of 9
---------------------
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.
Grammar and spelling errors:
Line 2, column 645, Rule ID: AFFORD_VB[1]
Message: This verb is used with the infinitive: 'to even'
Suggestion: to even
...ts and clothes which they cannot afford even. Second, due to growth in media and adv...
^^^^
Line 4, column 214, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...duce the spending and eventually debts.
^^^
Transition Words or Phrases used:
also, but, consequently, finally, first, however, if, moreover, second, so, for example, in addition, in conclusion, such as, to begin with
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 13.1623246493 61% => OK
Auxiliary verbs: 20.0 7.85571142285 255% => Less auxiliary verb wanted.
Conjunction : 13.0 10.4138276553 125% => OK
Relative clauses : 11.0 7.30460921844 151% => OK
Pronoun: 32.0 24.0651302605 133% => Less pronouns wanted
Preposition: 59.0 41.998997996 140% => 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: 2250.0 1615.20841683 139% => OK
No of words: 420.0 315.596192385 133% => OK
Chars per words: 5.35714285714 5.12529762239 105% => OK
Fourth root words length: 4.52701905584 4.20363070211 108% => OK
Word Length SD: 2.7979543872 2.80592935109 100% => OK
Unique words: 221.0 176.041082164 126% => OK
Unique words percentage: 0.52619047619 0.561755894193 94% => More unique words wanted or less content wanted.
syllable_count: 684.9 506.74238477 135% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 5.43587174349 129% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 0.0 2.10420841683 0% => More adverbial clause wanted.
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 6.0 4.76152304609 126% => OK
Performance on sentences:
How many sentences: 23.0 16.0721442886 143% => OK
Sentence length: 18.0 20.2975951904 89% => OK
Sentence length SD: 38.6108988796 49.4020404114 78% => OK
Chars per sentence: 97.8260869565 106.682146367 92% => OK
Words per sentence: 18.2608695652 20.7667163134 88% => OK
Discourse Markers: 6.04347826087 7.06120827912 86% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 2.0 5.01903807615 40% => OK
Sentences with positive sentiment : 10.0 8.67935871743 115% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 7.0 3.4128256513 205% => Less facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.305087232526 0.244688304435 125% => OK
Sentence topic coherence: 0.0910036496355 0.084324248473 108% => OK
Sentence topic coherence SD: 0.0610746504469 0.0667982634062 91% => OK
Paragraph topic coherence: 0.170535809944 0.151304729494 113% => OK
Paragraph topic coherence SD: 0.0879455200985 0.056905535591 155% => OK
Essay readability:
automated_readability_index: 12.9 13.0946893788 99% => OK
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: 13.81 12.4159519038 111% => OK
dale_chall_readability_score: 8.89 8.58950901804 103% => OK
difficult_words: 116.0 78.4519038076 148% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 9.2 10.1190380762 91% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?
---------------------
Rates: 67.4157303371 out of 100
Scores by essay e-grader: 6.0 Out of 9
---------------------
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.