Many people prefer to spend the money they get rather than save it for their future. What are the reasons? Is this positive or negative development?

In the modern world, money plays a vital role in each person's life. Most

of

Change preposition

apply

show examples

the

Correct article usage

apply

show examples

people spend their earnings rather than investing or saving

it

Correct pronoun usage

them

show examples

for their futures. The main reason behind

is

Correct pronoun usage

this is

show examples

the lack of financial skills and

high

Correct article usage

the high

show examples

standard of leaving.

As a result

, they face consequences in

their

Change the word

the

show examples

future

.

To begin

with, nowadays, most of the schools are still not equipped with finance modules where they could help the children develop financial skills.

However

, there are few schools that adopt these modules as an optional subject but students are not motivated by parents or teachers to choose.

For example

, Army School has a Finance skill development subject

that is

optional with the computer. Most of the youngsters are enrolled in computer. Due to

this

, they don't get sufficient knowledge about saving and lead to negative development in their

future

financial planning.

In addition

, youth are more engaging with social media and they blindly follow their idols or favourite celebrities.

Furthermore

, they try to copy their expensive lifestyle and buy luxurious equipment.

For example

, most of the youngsters would like to buy Audi or Mercedes because Shah Rukh Khan a Bollywood star is driving.

This

influences the followers and they start living a high standard of life making their bank balance zero. In conclusion, nowadays, youngsters are spending money blindly without concerning their

future

because of a lack of investment skills and living the luxurious life of others.

This

is a negative impact on their

future

planning and family development.