Some people think that they should spend money they earn now enjoying life, while others think that the money should be put into savings for future. Discuss both views and give your opinion.

Money has become an integral part of our life. One can’t survive without cash as it stands as a base for every task you want to perform. Over the years, earning funds have become so important for survival as the expenditures in recent times are on the rise and all-time high. So, to survive wealth plays a crucial role. There are two ways you can handle the currency you earn, either you spend, or you save. Some feel that spending is the right option as they work hard all week, months just to earn wealth and spend it according to their needs and satisfaction. Every individual has their priorities and passions, there is nothing wrong in spending their hard owned fruits in their happiness. In a way, they get themselves relieved from stress and pressure that they possess at their workplaces. I had a friend who bought a BMW car with his savings as it was his dream to own one. He found his excitement in that vehicle and did not think for a moment

on

Suggestion

about

what's going to happen

next

. I totally support his decision as he achieved his goal by procuring his

favorite

something regarded with special favor or liking

favourite

asset, at the same time he might

also

have planned for later stages as well. One way to gain happiness and fulfilling your passions is by spending.

but

Suggestion

But

at the same time, it is equally important to save, as we don’t know what’s coming for us in the future.

preservations

Suggestion

Preservations

will come in handy if you come across any unexpected incidents that might arise at a later stage of your life. Savings will

also

act as a shield for your entire family as they can be used for emergency purposes. I was recollecting an incident that happened to a family where one individual from their relation had a medical problem where they needed a chunk of amount for his medical expenses. The patient's uncle paid the bills from his savings as he predicted the financial aspects for the future where

his

objective male pronoun, used to refer to a male human or animal

he

accumulated assets saved a person's life. As per the above analysis, I would like to conclude by saying financial planning plays a crucial role in deciding the destiny of an individual. Happiness and joy can be acquired through spending capital, but for the cheerfulness in a person to remain stagnant, one needs to think about the retaining aspect as well in order to survive from risk obstacles that might arise in the future.