It is argued that young people today squander excessive funds on extravagant items. I concur with this view, as their spending habits often prioritize fashionable clothing and trending items over essential needs.This habit can be seen in the pursuit of fashion items and spending money on short-lived collectibles
Firstly,trying to possess the latest designer clothes or upcoming designs is a huge waste of money.One of the main reasons for this is all extravagent stuff is mysteriously expensive despite the the design.For instance, the Balenciaga Lay’s Bag which is similar to the original lays chips cost approximately 2000 yet attracts considerable interest from young consumers..As a result, youngsters can not spend the money for more important things such as tution and transporting fee.Although they pay so much for these stuff,they usually throw away when it oldfashiond,leading to the gradual increase in waste all around the world,worsen the environment.
On the other hand,the youth are fond of wasting there money on collectibles that are popular for a short time.When young people see an advertisement about collectibles or souvenirs on social media used by their favorite influencers thay likely to use it more despite the fact that the don’t really understand how that working.Consequently,large number of young people try hard to own these sought-after items,making the brands or company increase the price so make it more extravagent.This is because, young people don’t even know how to use money wisely,they just want to show off with other people and don’t want to be known as oldfashion person.For example, the Baby Three dolls craze in Vietnam for about 6 months,at that time it easily be seen on every students or youngsters backpack but died out after that.
In conclusion,young people can save a lot of money by not use their money irresponsibly by squander their money on unnecessary items such as fashion and sought-after items on social media.