Is saving more important than spending in today’s world? How far do you agree with this statement? Give reasons for your answer, and provide ideas and examples from your own experience.

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Managing one's finances is always crucial;
however
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, there is a continuous struggle between spending and saving in current days. In my opinion, it is quite necessary to save
money
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because that stability is utmost needed in times of emergency and it will facilitate a sense of confidence to proceed in the acquired path. There could be various emergency situations when a person is expected to pay huge bills or provide basic needs to their own family. Due to the constant increase in the number of health hazards around, there is a substantial chance of a medical emergency which will cost a lifetime.
For instance
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, currently, COVID-19 pandemic has affected millions of people in different ways like respiratory problems, job crisis and economy crash;
therefore
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, it is very important to secure ourselves financially in
such
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chaotic situations.
Additionally
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, securing finances will give courage and confidence to action towards the desired goal. Working on a project which is close to the heart always provides great happiness.
Furthermore
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, by saving efficiently, one can support themselves economically to achieve their dream.
For example
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, many couples in Canada save their
money
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productively throughout their young age to comfortable settle and spend it after retirement.
Therefore
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, saving
money
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for providing yourself with comfortable and desired life is highly important. In conclusion, it is definitely necessary to save
money
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effectively than spending it unnecessarily.
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, financial security is required in crucial situations to come in life and efficiently using them to achieve and provide a stable living to yourself is always appreciated.
Submitted by duggishaalu on

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