Many people prefer to spend money and not save it. What are the reasons is it possitive or negative development?

Nowadays, people always struggle
in
Suggestion
on
with
how to manage their
money
. It is
belived
accept as true; take to be true
believed
that man would rather spend their
money
than save it for
rainny
(of weather) wet by periods of rain
rainy
days. A plethora of people are opting to spend their
money
than saving it.
This
essay discusses for
this
and
then
explains why
this
is a negative development
Primary reason
Suggestion
The primary reason
that people cannot be able to save
money
is, their shopping addiction. Due to
development
Suggestion
the development
of technology, people can buy anything they want at any time, just at the button, from
comfort
Suggestion
the comfort
of their home.
For
Suggestion
In
particular,
this
is a serious problem among young generation.
For instance
, a friend of mine, Jane, who used to be
a
Suggestion
an
accountant, spent most of her
income buying
Accept comma addition
income, buying
trendy clothes and shoes and even became
a
Suggestion
an
overdue borrower
last
year.
Example like
Suggestion
An example, like
An example like
this
clearly show
Suggestion
clearly shows
how shopping addiction has
a
Suggestion
an
awful influence on a person’s spending habit.
Moreover
, changes of style
leads
Suggestion
lead
to a negative outcome. In the past, the average
period which
Accept comma addition
period, which
took people to buy their
first
home was 7 years, but it now takes more than 14 years after
graduation
Suggestion
graduating
from university. With
this
kind of negative habits mentioned above, people
can not
can not
cannot
even have
20% deposit
Suggestion
a 20 % deposit
in order to get pre- approval for a
first
home from a bank.
In other words
, those who are not good at saving would suffer the
povery
the state of having little or no money and few or no material possessions
poverty
or become a homeless later in life. In
conlussion
a position or opinion or judgment reached after consideration
conclusion
concussion
consolation
, a lot of people do not save
money
and
instead
they prefer
spending an enormous of
Suggestion
spending an enormous
money
on online shopping. I believe
this
is a negative trend and cause financial crisis in the near future.
Submitted by Thanh Huong on

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  • 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

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Topic Vocabulary:
  • instant gratification
  • consumer culture
  • financial literacy
  • economic optimism
  • financial instability
  • indebtedness
  • stimulating economic growth
  • personal satisfaction
  • innovation
  • job creation
  • investment
  • wealth accumulation
  • advertising
  • social media
  • luxury lifestyles
  • financial planning
  • future security
  • emergencies
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