Essay topics: Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?

Countless people like to spend
money
rather than saving it.
This
essay will discuss the main reasons of
this
kind of tendency and try to clarify whether it is a positive or negative development. The people who
have got
Suggestion
are getting
a lot of
money
loves to spend it for various purposes.
First
of all, to maintain the social status, rich people need to spend
money
for their lifestyles which are generally different from the average people. To travel from one place to another place,
for instance
, an aristocrat
person
uses helicopter.
This
not only upholds the image of the
person but
Accept comma addition
person, but
also
indicates his monetary success.
Furthermore
, for the entertainment, many people spend
money
. Las Vegas can be a good example of it, where many visitors go
for
Suggestion
to
the refreshment and there is a little scope for savings. The mentality to spend
money
rather than saving it is not a positive development.
Firstly
, spending
money
without thinking about
future
Suggestion
the future
can create lots of troubles. The
person
may face poverty because of
this
.
Secondly
, aimless spending is not better than helping a needy
person
.
For instance
, a wealthy
person
can donate
money
in various charity
organization
Suggestion
organizations
for the welfare of others.
In addition
, at
the old age
Suggestion
older ages
older age
an older age
, when a
person
does not have the ability to earn
money
, savings can be beneficial at that time. In conclusion, social status, entertainment
etcetera are
Accept comma addition
etcetera, are
the reasons for a wealthy
person
to spend
money
and these are hindrance to save it.
This
is not a positive development at all. Savings might be helpful in various ways.
Submitted by justin john on

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I really want to study but I’m too tired.

I wore a warm coat because the weather was cold.

If action is not taken soon on climate change, global warming will get worse.

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