Epicurus said, the meaning of life lies in the pursuit of happiness, since then world has become so fast-paced nowadays, that every once in a while one has to update himself just to stay relevant, stay social. Needless to say, people in twenty-first century have become obsessed with materialistic possession. In the whim of maintaining common ground with peers or in other words to go with the trends many people usually tend to buy things which would prove to be disastrous to their credit scores later.

This kind of behavior is becoming quite common in present days, might be due to the fact that it is possible to procure things at will on monthly installment basis through credit cards; which when added with the upgraded convenience of mobile banking and online shopping has significantly deluded the conscience of one’s immediate possession. In addition, there is a psychological factor to this excessive consumption. The modern day targeted advertisement mechanism that works in personal data being collected on a gargantuan level helps manipulate our decisions about a product subliminally. Not to mention, Social media sensations and peer influence play a great role in this.

The solution to this problem is simple yet hard to nurture: logging expenses on a daily, monthly and yearly basis in essence keeping track of expenditure will sure help individuals gain insights of their ledger balance. Furthermore, public awareness programs should be conducted on how targeted advertisement affects our conscience in spending money on things that we don’t necessarily need. Schools should take a proactive role in administering mandatory courses about merits of maintaining a good credit score and to circumvent a bad one.

Overall, there are increasing instances of people falling victim to this consumer centric society mostly due to surrounding temptations and personalized advertisements. However, this can be avoided by monitoring expenses on a regular basis and in being extra cautious about dealing anything related to money.