some people think the money they earn should be enjoyed by spending it now, while others think their earnings should be saved for the future. Discuss both views and give your opinion
The convenient utilization of resources depends upon particular thoughts and variation in views. Some might feel relax by using their earnings for shopping, entertainment and socialization while on the contrary others considered saving as a good habit. This essay will discuss both points of views.
Studies have suggested that shopping boost psychological relaxation. People using the approach of utilizing income on monthly basis live a joyful life. They are mostly self-centred and independent of any responsibility. One should need to be up to date in term of fashion according to the society in which he stands. A person, for instance, who works 36 hours a week prefer to spend his weekly wages to entertain himself and make him happy. Therefore, spending instead of saving is justifiable for fun lovers.
On the other hand, a wise person always worried about his future and above all his family’s future. People with dependent families choose to save one-third of their income in the forms of insurance and shares. Such individuals think about their dependents before using a single penny. Because they have to fulfil basic necessities of their loved ones. For example, a person with four dependent children will choose to insure for their education rather than buying unnecessary clothes. Thus, saving instead of investing money randomly depends solely on personal interest.
In a nutshell, saving for future investing on present both perspectives have there own pros and cons. But in my opinion, saving is more beneficial in opposed to spending abruptly because it will help you in any emergency situation.
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