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

Nowadays, people always struggle with how to manage their

money

. It is believed that man would rather spend their

money

than save it for 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 The primary reason that people cannot be able to save

money

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

,

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 trendy clothes and shoes and even became

a

Suggestion

an

overdue borrower

last

year. An

example like

Accept comma addition

example, like

this

clearly shows how shopping addiction has

a

Suggestion

an

awful influence on a person’s spending habit.

Moreover

, changes of style lead to a negative outcome. In the past, the average period, which took people to buy their

first

home was 7 years, but it now takes more than 14 years after graduating from university. With

this

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

home from a bank.

In other words

, 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

and

instead

they prefer spending an enormous

money

on online shopping. I believe

this

is a negative trend and cause financial crisis in the near future.