consumerism Flashcards
non-essentials
In tough financial times, it’s wise to cut back on non-essentials like dining out or luxury items.
I decluttered my house by getting rid of all the non-essentials that were taking up space
For the meeting, we should prioritise key topics and skip over non-essentials
consumer spending
The increase in consumer spending reflects a growing trend of consumerism, where people prioritise purchasing new products and services over saving money
Being mindful of consumer spending helps relieve the burden on our finances and fosters overall well-being
advertisement
MC and CSMRM are leading to an overwhelming advertisement-driven lifestyle- a constant desire for more.
impulse buying
MC culture promotes convenience and impulsive buying which significantly leads to living paycheck to paycheck.
3 things
leads to overspending and affects finance, peace of mind, and the environment
//Consumerism is expensive and harmful to finances, joy, and the environment
money
mass consumption is hurting ppl’s wallets.
environment
excessive consumption undermines natural systems
most environmental problems can be linked to consumption
society
makes it harder for the world’s poor to meet their basic needs.
short-term gratification -> permanent and constant stress
benefits of rejecting consumerism
[save money, improve well-being, and benefit the planet]
- leads to financial freedom and environmental sustainability
- choosing to turn away from it is the key to escaping the cycle of working to pay for unnecessary things
- have a positive impact on the environment by reducing waste.
what should we do?
reject mass consumption and adopt a minimalist approach to life
choose timeless and durable staples
find joy and excitement in experiences instead of products