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

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Nowadays, people always struggle with how to manage their
money
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. It is believed that man would rather spend their
money
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than save it for rainy days.A plethora of people are opting to spend their
money
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than saving it.
This
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essay discusses for
this
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and
then
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explains why
this
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is a negative development The primary reason that people cannot be able to save
money
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is, their shopping addiction. Due to the development of technology, people can buy anything they want at any time, just at the button, from the comfort of their home.
In particular
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,
this
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is a serious problem among young generation.
For instance
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, a friend of mine, Jane, who used to be
a
Suggestion
an
accountant, spent most of her income, buying trendy clothes and shoes and even became
a
Suggestion
an
overdue borrower
last
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year. An
example like
Accept comma addition
example, like
this
Linking Words
clearly shows how shopping addiction has
a
Suggestion
an
awful influence on a person’s spending habit.
Moreover
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, changes of style lead to a negative outcome. In the past, the average period, which took people to buy their
first
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home was 7 years, but it now takes more than 14 years after graduating from university. With
this
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kind of negative habits mentioned above, people cannot even have
20% deposit
Suggestion
a 20 % deposit
in order to get pre- approval for a
first
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home from a bank.
In other words
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, those who are not good at saving would suffer the poverty or become a homeless later in life. In
conlusion
a position or opinion or judgment reached after consideration
conclusion
, a lot of people do not save
money
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and
instead
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they prefer spending an enormous
money
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on online shopping. I believe
this
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is a negative trend and cause financial crisis in the near future.
Submitted by Thanh Huong on

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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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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