Answer the following questions :
( a) How does spending lead to psychological problems? Spending money does the same psychological problems at all times?
(b) What are the prevailing behaviour traits of salespersons? How do they induce the consumers?
(c) Why should customers be aware? What is the best way to manage the habit of spending?
(d) What are the attributes of overspending people? Why do children insist on buying things?
(e) Why does the author discourage buying with credit cards? What lesson can young people learn?
a.) Spending leads to psychological problems when it becomes addictivE- People who overspend may never feel satisfied and always seek more, leading to stress and unhappiness, potentially causing financial crisis and debt. However, spending money doesn't always create psychological problems; it depends on how and why we spend.
b). Nowadays, salespersons are persuasive and tactful, using flattering language and creating a sense of urgency to provoke customers into making immediate purchases. They do this to sell, more and make more
money. However, it's important for customers to remember that these compliments are often used on many customers to increase profits.
c). Customers should be careful as they can easily be influenced by persuasive sales tactics or flashy advertisements, causing them to spend too much on things they don't really need. The best way to control spending is to ask themselves if the item is truly necessary and if they can do without it.
d.) Characteristics of overspending people include a constant lack of satisfaction, an ongoing pursuit of brand names, and the habit of purchasing items beyond their financial abilities. Children might demand something for them because their friends have it too, putting unfair pressure on their parents.
E- )The author discourages buying with credit cards because it can lead to accumulating debt, particularly for young people who may not fully comprehend the consequences. Using credit cards can result in a a debt trap if not managed carefully. Young people can practice responsible spending by knowing that using credit cards is like borrowing money; they should be careful not to overspend and get into debt