Young people should spend less money on unnecessary things and save more for the future?

It is often considered by some that,

money

savings are a good practice when compared to spending every now and

then

.

However

, in my opinion, excessive spending's for unnecessary things make the situation worse not only in the

future

but

also

present. At once,

money

saving behaviour would likely to have prosperous

life

now and in the forthcoming years and probably for the

next

generations.

To begin

with, it is good to have some

money

for the

future

usage or for the unexpected crisis in day to day

life

. In brief, people who had an interest to save

money

may help them to cope with the stressful situations in

life

like emergency medical care, retired

life

usages, and for the sake of children. To illustrate in my

life

, during my college days, most of the inflating tuition fee payment made by the savings of my father when he was young.

Moreover

, saving

money

in terms of insurance, health policies, would help the people to be more relaxed and volatile free

life

in order to arising dilemma in the

future

. Saving

money

may help the investors get interest for the saved

money

that would be more beneficial and helpful in some extent.

For instance

, retired couples from my family explain that, their daily needs may fulfilled by the interest which they got from the fixed saving deposits of one bank.

On the other hand

, people who spend huge amounts of

money

for the daily needs and enjoyments would have a deleterious impact on their

life

.

In other words

, even the

future

life

is not predictable, many people suffering from the financial dilemma in some stages of

life

. Shopping craze and spending

money

for unsound lifestyle may lead fail to joint the two edges of

life

in later

life

.

For instance

, many students would have struggled for study materials and resources by the reckless expenditure of their parents. It is a true phenomenon that, people who lived a

life

irrespective of saved

money

would face many challenges in the

future

by the influence of global financial crisis or inflation. To sum up, some daily spending is essential,

nevertheless

, lack of saving may lead to detrimental effect in the near

future

. Thereby, it is better to have some earnings to be saved in secured area an that would help the people to surpass crisis and overcome the issues independently.