Setting priorities is important to avoid problems like this, because from this, a better financial condition can be formed and a person can be better prepared to face various situations, both those that have been planned and those that come suddenly.
This is a capitalism mentality that is relied on creating more unnecessary needs through developped marketing mechanisms that encourage consumers to consume more and strengh the idea of that tge self identity and the social value of anybody depends on how much he consume and what he is able to buy.
This phenomenon is produced by an economic system aimed at maximizing profits through increased sales, leading to an endless cycle of consumption and disposal of goods in favor of newer models.