It is better to save money than spend it. How far do you agree with this statement? It saving more important than spending in today’s world?

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Most peoples in current society tend to believe that saving is the most important thing while others believe that because the value of
money
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has been deducted due to inflation
thus
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we should spend all the
money
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we earn for good memory. I mostly agree with the idea of accumulating
wealth
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but I
also
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understand why some
people
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prefer to spend all the
money
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without any consideration or receiving suggestions from professional talents. To begins with, some finance professor believes the habit of accumulating
wealth
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will become the strongest protection if any kind of issue suddenly comes to your face.
For example
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, If you have just been through a failure on investment or business or you need a huge amount of
money
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because of illnesses
then
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at least the
money
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you save over time passes might help you out of the current situation.
Moreover
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, psychologically scientists say that enough
wealth
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makes
people
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feel comfortable and relaxed. Eventually, that evidence and examples effectively show the advantage and benefits saving can bring to you.
On the other hand
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, numerous groups think that
instead
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of keeping all the
wealth
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for no reason spending to improve their living standards seems to be more reasonable during the period of inflation around the world. specifically, if the value of
money
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will decrease day after day
then
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spending on cars, houses, and clothing will become the other
way
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of investment. Many economic professors warn that
people
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should transfer all their
wealth
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to physical items before bubbles of inflation break. Ultimately, the statement makes the idea more reasonable. To conclude, either ,
way
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have both advantage and disadvantage, depends on what kind of life you expected to have. The
first
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way
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might be more effective for those
people
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who prefer stable life while the
second
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way
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is for
people
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who have more demands on amusement.
Submitted by stevenhuang9510 on

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