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 salary. It is believed that man would rather spend their wage than save it for rainy days. A plethora of people are opting to spend their cash 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 payment 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 an overdue borrower

last

year. An example, like

this

clearly shows how shopping addiction has 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 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 conclusion, a lot of people do not save salary and

instead

they prefer spending an enormous cash on online shopping. I believe

this

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