Many people prefer to spend money and not save it. What are the reasons? Is it positive or negative?

In recent years it's been observed that many
individuals
are taking the approach to
spend
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spending
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money
they earning rather than saving it. In
this
,
essay
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an essay
the essay
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I will be discussing the reasons for
this
phenomenon and why I believe it will have a detrimental effect on both society and
individuals
.
To begin
with, the cardinal reason why many
people
spend
money
is to buy unnecessary things and
this
is mainly due to advertisements that are everywhere we go.
Moreover
, many spend
money
just to feel good about themselves and improve their self-esteem by purchasing materialistic stuff,
in other words
using
money
as a therapy.
Furthermore
, plenty of
people
are
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is
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encouraged to compete with others in regard to the latest fashion trends and keep up with technology advancements. And ,
,
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finally
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,finally
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a lot of
people
believe that life is too short to spent saving
money
and we should enjoy every penny while we are still alive.
However
, we can not ignore the plenty of problems that are associated with overspending that will lead to negative outcomes for both
individuals
and society.
Firstly
, anybody could encounter an emergency situation
such
as losing a job, so without having any savings these
individuals
will become a burden on governments,
moreover
, in order to have a comfortable lifestyle later on in life
people
must have savings.
Furthermore
,
people
usually buy things that they do not need and maybe they will not use
it
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them
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ever,
therefore
, we might become a throw-away society that produces unnecessary waste. In conclusion,saving cash is a smart move.
People
should be encouraged to save
money
in order to have a decent life or to be able to handle any emergency situations that could emerge in the future.
Submitted by ph.amal.just on

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