Many people believe that they should spend money to enjoy life at present.others however, think they should save it for the future. Discuss both views and give your opinion

Some argue that the wage should be deployed to entertain the present, whereas others declare that the money should be deposited for the
future
requirements. My personal perspective is
although
spending on the recreation is vital in a satisfied
life
, saving is imperative to ensure a secure prospective.
To begin
with, entertaining the current moment is essential to generate the fulfilment. In fact, consuming the income on
such
activities not only provides the mental relaxation and satisfaction, but
also
, improves social relationships and allow people to spend a pleasurable
life
which is the ultimate aim of the every conduction. For an example, in the UK, some people utilize their total income to entertain their
life
through travelling around the world because they think the enjoyment which acquires through
such
experiences is worth enough than saving for the planned.
However
, I disagree with
this
notion because excessive spending on entertainment makes an individual vulnerable to
future
financial constraints.
On the other hand
, saving is integral for a better and safe
future
.
This
is because, one should be financially strengthened not only to confront with unpredictable calamities
such
as losing jobs or ill health, but
also
to cater the
future
goals
such
as education or construction of a house. For an instance, during the recent global economic downturn, many in Sri Lanka lost their employments and the party who had adequate savings for the
future
could survive successfully during
this
hardship.
Hence
, I agree with
this
school of thoughts because the stability of the
life
is achieved through proper financial management. In conclusion, despite enjoying the moment through spending on entertainment is necessary for a pleasurable
life
, what is more important is the construction of a safe and better
future
through developing a stable financial foundation.
Submitted by drkanchanaamarasingha on

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Topic Vocabulary:
  • live in the moment
  • instant gratification
  • leisure activities
  • make memories
  • relieve stress
  • boost mental well-being
  • support local economy
  • wealth accumulation
  • financial stability
  • emergency funds
  • retirement savings
  • major life events
  • weigh the pros and cons
  • strike a balance
  • long-term perspective
  • financial preparedness
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