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

Some individuals choose to expend cash rather than save it.
Also
, there are a few reasons why people spend a lot of money?
First
and foremost, it shows the status and brand personality of their life style. I personally believe that
this
has been a negative development. On the one hand, why humans are not able to save their cash? Mainly, many people interested to do shopping and
it
it is
it's
become a kind of rituals to everyone. In
this
context, due to enhancement of technology, now-a-days people can buy anything from online websites and it offers
discounts
Suggestion
discount
rates and grabs attention towards people. Especially, over the
decade every
Accept comma addition
decade, every
individuals
Suggestion
individual
are spending
Suggestion
is spending
most of their income on their
life style
a manner of living that reflects the person's values and attitudes
lifestyle
like buying branded clothes and expensive watches.
For Example
, young generation are wasting a lot of money on parties, pubs, shopping
etc
continuing in the same way
etc.
because they feel happy.
Hence
, it is considered as a serious issue in the current generation.
On the other hand
, if you are not saving your
money
Accept comma addition
money, then
then
it has severe effects. Importantly, people who do not plan effectively
then
conjunction used in comparatives
than
they might face a lot of problems in
future
Suggestion
the future
when an emergency occurs because
future
Suggestion
the future
cannot be predicted by anybody.
Moreover
, they might end up cashless or no pay in critical situations.
Therefore
, they ask
help
Suggestion
the help
for
Suggestion
of
others in medical emergencies.
For Instance
, people might borrow bucks
on
Suggestion
at
huge interest rates from banks as it is a mandatory in medical conditions. In Conclusion, few
person
Suggestion
people
persons
spend
many
the most common medium of exchange; functions as legal tender
money
lavishly on their
life style
a manner of living that reflects the person's values and attitudes
lifestyle
instead
of saving it for future. I believe it has
negative effect
Suggestion
a negative effect
negative effects
as many has shopping addiction
also
it will cause
financial crisis
Suggestion
the financial crisis
on any medical emergencies.

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