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?

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In the modern world, money plays a vital role in each person's life. Most
of
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apply
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the
Correct article usage
apply
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people spend their earnings rather than investing or saving
it
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them
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for their futures. The main reason behind
is
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this is
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the lack of financial skills and
high
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the high
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standard of leaving.
As a result
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, they face consequences in
their
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the
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future
Use synonyms
.
To begin
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with, nowadays, most of the schools are still not equipped with finance modules where they could help the children develop financial skills.
However
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, 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
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, Army School has a Finance skill development subject
that is
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optional with the computer. Most of the youngsters are enrolled in computer. Due to
this
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, they don't get sufficient knowledge about saving and lead to negative development in their
future
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financial planning.
In addition
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, youth are more engaging with social media and they blindly follow their idols or favourite celebrities.
Furthermore
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, they try to copy their expensive lifestyle and buy luxurious equipment.
For example
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, most of the youngsters would like to buy Audi or Mercedes because Shah Rukh Khan a Bollywood star is driving.
This
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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
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because of a lack of investment skills and living the luxurious life of others.
This
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is a negative impact on their
future
Use synonyms
planning and family development.
Submitted by nihaal992 on

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