· Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?
A lot of individuals use up a lot of money and does not keep it for future endeavors. This essay will discuss what are the reasons for using up a lot of money and whether it is an advantage or a disadvantage on the growth of individuals.
Increase in expenditures involves a lot of reasons in the current day scenario with the change in social and economic requirements as well as impacts. From an economical point of view, the cost of living in most of the countries are on the rise which is why most individuals have to spend all their earnings on living and there is little less to save. On the other hand, human needs and requirements also keep increasing as a result a lot of people spend most of or all of their earnings on good and services. With the increase in requirements and the change in environment, people are sometimes made to use up a lot of money on unwanted things which is sometimes unavoidable with the society they live in.
In my opinion, spending a lot of money and not being able to save will have a negative effect on the development of people’s lives in the future. Saving up money will always be useful for people, since it can be used for any requirement and in times of difficulty. But, if money is spent on unwanted requirement which will not have a long-lasting impact on the individuals to carry on their lives, then it is always required to think twice before these expenditures are considered.
In conclusion, the habit of saving up even a little sum of money will be very helpful in the future and it is always required to do so since the future is unpredictable and it is better to get ready.
No comments:
Post a Comment