Some people think that it is best to save money, for example in a bank or savings scheme. Other people feel that money should be spent whenever it is available. Discuss these views and reach an opinion on this debate.

✨ Do you want to improve your IELTS writing?
Give reasons for your answer, and support your essay with ideas and examples from your own experience. The question of whether to save or spend
money
is very topical today, as so many
people
are struggling with financial worries. There are valid arguments on both sides, which I will discuss now. On the one hand, it is often said spending
money
is one way to relax and enjoy life,
for instance
by shopping or taking holidays, and there is certainly some truth in
this
.
In addition
, we usually have no choice but to spend quite a large proportion of our available salary on
Add an article
a day
the day
show examples
day to day
Add a hyphen
day-to-day
show examples
expenses
such
as food, housing and transport, and so there is surprisingly little remaining to save anyway.
Finally
, spending
money
on products and services
boost
Correct subject-verb agreement
boosts
show examples
the economy and creates employment and in
this
sense is a worthwhile action.
On the other hand
, other
people
point out the dangers of reckless spending,
for example
on frivolous or unnecessary items, which is often encouraged by advertising. Young
people
in particular
are vulnerable to being influenced like
this
.
Furthermore
, advocates of saving often point out that without a reserve of funds for emergencies, unemployment or illness,
people
are putting themselves at risk of hardship or even bankruptcy.
This
is especially true in the current economic situation.
Lastly
on
this
side of the debate,
people
emphasise the need to accumulate wealth during one’s lifetime, so that one’s children can inherit
money
or property which will increase their security and standard of living Overall, I tend to agree that it is wiser to save
money
whenever possible, for reasons which benefit both individuals today and future generations.
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    • 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

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Topic Vocabulary:
  • financial security
  • unforeseen circumstances
  • accumulate
  • stimulate demand
  • economic growth
  • quality of life
  • financial balance
  • budgeting
  • expenditures
  • personal goals
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