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Band 5

It is better to save money than to spend it. How far do you agree with this statement? Is saving more important than spending in today's world?

#money #world
Should savings take precedence over immediate consumption or vice-versa is an often asked question.  The need to find a proper balance between the two is getting ever critical in the face of growing economic uncertainty.  In my opinion, creating reserves for a rainy day is equally important as addressing immediate consumption needs and
one
 can find a right balance between the two via proper planning and budgeting. Spending can be classified into voluntary and involuntary spending.  Expense against basic consumption needs like food, clothing, shelter,
healthcare
Suggestion
health care
 and education is inevitable while spending on recreation, entertainment, personal well-being is non-essential to survival.  A budget based approach to rationalizing spending can help
one
 identify opportunities to cut-down on discretionary expenses while minimizing the impact of the actions on the quality of life. Savings is critical as it acts as a source of provision for meeting essential needs in times of economic difficulty as well as it provides for peace of mind during prosperity.  A hedonistic lifestyle aggravates financial adversity in times of loss of income and
one
 is forced to make rapid and harsh adjustments to
one
's lifestyle which can be quite painful, adequate savings help in ensuring that
this
 impact remains manageable in case of a change in fortunes. To conclude, spending and savings are equally important and a balanced approach to these via prudent financial budgeting is the best course of action.

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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