Many people prefer to spend money and not save it. What are the reasons? Is it positive or negative?

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It is true that nowadays, a considerable number of individuals have a tendency to spend their

money

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instead

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of saving it. There are a number of reasons for

this

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trend, which is having a significant impact on both family life and on the community as a whole. There are two important factors behind

this

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phenomenon.

Firstly

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, I would argue that the pressure to keep up with the rising standard of living in a society can make people spend all their incomes. With the development of technology and the growth of the economy, life has become more sophisticated and requires effort from each individual to adapt to

this

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situation.

For instance

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, every year a new iPhone model comes on the market, and many people buy it because they believe theirs is an old and outdated version.

Thus

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, many people tend to spend their

money

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on buying expensive items that they do not really need.

Secondly

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, the phenomenon of

shopaholism

Suggestion

has become a common feature in many societies. It means people are addicted to shopping, and that prevents them from saving any

money

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In addition

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, advertising

also

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contributes to encouraging people to spend more

money

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than they intend.

However

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this

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tendency to spend all of one's

money

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could have negative consequences for the individual and society as a whole. An important concern is when a

person

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is faced with unexpected circumstances and they need

money

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to deal with some difficulty. If that

person

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does not have any savings,

then

Linking Words

they are in trouble. Not saving

money

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for a rainy day may easily lead to poverty if a

person

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has to deal with some financially demanding issue

such

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as an illness, an accident, or unemployment.

Additionally

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, saving

money

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is a wise strategy for a

person

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and their family to ensure future financial stability and independence. To sum up, the two main reasons for people to spend their

money

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and not save it is the rising standard of living in many societies and addiction to shopping.

However

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, that tendency to spend and not save can lead to financial difficulties and even poverty.

hariharanrks94Tue Aug 20 2019

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Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

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12
Linking words
meeting the goal of 7 or more
2
Word repetition
meeting the goal of 3 or fewer
1
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 8.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 5.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

348 words

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Topic Vocabulary:

financial safety net
financial hardships
emergency fund
budgeting
financial responsibility
future goals
higher education
financial independence
economic fluctuations
inflation
financial security
credit reliance
flexibility in career choices
entrepreneurship
changing economic conditions

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Many people prefer to spend money and not save it. What are the reasons? Is it positive or negative?

Your opinion

Some people think that work is the most important thing in people's lives. Without the success of a career, life will become meaningless. To what extent do you agree or disagree?

Some people believe that children should be given lessons on how to manage money in school. To what extent do you agree or disagree?

Computers and A.I technology are increasingly being used for online education Can artificial intelligence enhance the learning experience? Is this a positive or negative development?

Some people think universities should provide knowledge and skills related to a future career; others think the true function of a university is to give access to knowledge for its own sake. What is your opinion of the main function of university?

Some people think that schools should choose students according to their academic abilities, while others think it is better to have students of different abilities studying together. Discuss both views and state your own opinion?