Are we the part of community? Explain the contribution of yourself in it.​

A community usually refers to a group of people who interact with each other as a group, but the word can also refer to different groups of organisms, plants or animals, which share the same environment. People communities encompasses everything from the smallest groups, such as the family, to the largest units, such as the global community. Individuals are usually participants in many different communities at each stage of life where they play different roles. Making connections with different communities is an important part of the socialization of individuals that takes place throughout life.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.