Some people get in to debt by buying thing they don't need and can't afford. what ate the reasons for this behaviour?what action can be taken to prevent people from having this problem?

it has been observed that a few purchase the item which do not requisite of life as well as costly, after buying this the get into debt. There are many reasons for such a human behaviour, however by taking some practical steps this problem can be resolved in a great manner. My preference is justified in the ensuing paragraphs. To commence with, there are multifarious reasons of purchasing products which are not required and also not affordable. The fundamental one is that an individual try to match of the status with the other in the society. In other words, showing financial status in the community is the common human nature, therefore people prefer to buy the product of which are not only necessity of them but also worthy. As a result, they waste huge amount behind such a thing which disturb their financial investment and create difficulty to pay huge amount to be hand luxury items. To cite an example, in the modern era everyone has their own luxury car in order to show off the status in the society though these cars are used occasionally. Thus, the human mentality and trend influence the humankind for such a behaviour. However, in order to solve this problem, a person can make budget sheet of their expenses. By making the list of budget an individual has an idea of spending money behind basic and necessary things. Additionally, this pre financial planning makes people frugal spender as well as they have an idea of how to manage home daily chores. For instance, in the urban area most of the families can live life with comfortable because of they have a habit to make a list of expenses. Besides this, good understanding and cooperation between the family members help them to understand financial condition and basic necessity for surviving life. To recapitulate, although people purchase costly and non-worthy products because of they want to match status, by making a balance sheet of finance and the create understanding this problem can be resolved in a great manner.