Some people think that it is best to save money, for example in a bank or savings scheme. Other people feel that money should be spent whenever it is available. Discuss these views and reach an opinion on this debate. Give reasons for your answer, and support your essay with ideas and examples from your own experience.

The question of whether to save or spend

money

is very topical today, as so many people

are struggling financial

Suggestion

are struggling with financial

worries. There are valid arguments on both sides, which I will discuss now. On the one hand, it is often said spending

money

is one way to relax and enjoy life,

for instance

by shopping or taking holidays, and there is certainly some truth in

this

.

In addition

, we usually have no choice but to spend quite a large proportion of our available salary on day to day expenses

such

as food, housing and transport, and so there is surprisingly little remaining to save anyway.

Finally

, spending

money

on products and services

boots

the act of giving hope or support to someone

boost

the economy and creates employment and in

this

sense is a worthwhile action.

On the other hand

, other people point out the dangers of reckless spending,

for example

on frivolous or unnecessary items, which is often encouraged by advertising. Young people

in particular

are vulnerable to being influenced like

this

.

Furthermore

, advocates of saving often point out that without a reserve of funds for emergencies, unemployment or illness, people are putting themselves at risk of hardship or even bankruptcy.

This

is especially true in the current economic situation.

Lastly

on

this

side of the debate, people emphasise the need to accumulate wealth during one’s lifetime, so that one’s children can inherit

money

or property which will increase their security and standard of living Overall, I tend to agree that it is wiser to save

money

whenever possible, for reasons which benefit both individuals today and future generations.