Many people prefer to spend money and not save it. What are the reasons is it possitive or negative development

Nowadays,
people
are becoming spendthrifts. They do not care for their future and spend
money
on expensive things. I think it is a negative development.
This
essay will discuss its reason in the forthcoming paragraphs.
To begin
with,
people
spend so much
money
on luxurious items and branded things.
First
and the foremost reason is they copy their idol.
For instance
, one of my friends is a fan of parish Verma a Punjabi actor and He almost wears branded clothes. Gucci is his favourite
brand
which is the most expensive
brand
. My friend follow him and bought some items from the Gucci
brand
just because his favourite actor wears
this
brand
and now he is a borrower of the bank.
Moreover
, whenever
people
get free time and a couple of holidays from work they make a plan to go somewhere else to enjoy.
Then
they spend a large amount of
money
there to relax . So, in the end, there is nothing to save. Earlier, a decade ago,
people
built their own homes within 6-7 years. But now they take 20-25 years to build their own home. They are unable to pay the amount to buy a home. To conclude, in my opinion,
people
spend more
money
than they earn. So
this
made them in a debt. They spend
money
on unnecessary things.
Submitted by Rajwinder Kaur on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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Topic Vocabulary:
  • instant gratification
  • consumer culture
  • financial literacy
  • economic optimism
  • financial instability
  • indebtedness
  • stimulating economic growth
  • personal satisfaction
  • innovation
  • job creation
  • investment
  • wealth accumulation
  • advertising
  • social media
  • luxury lifestyles
  • financial planning
  • future security
  • emergencies
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