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.

Few people believe that
money
should be saved, while others believe whenever you get
money
just spend it. In my opinion, people should keep the
money
just in case of any
future
emergency or any other plans.
Money
can be saved, by keeping them in a bank and any other saving scheme as it is so beneficial, and it can help you in the
future
,
such
as if you need
money
for
future
education or you get an emergency in the
future
like an accident or something else at that time if you don’t have any
money
then
how can you deal with
such
kind of Situation.
For example
, there is a famous saying that,
Money
is like a spare tire in your car, if your car’s tire is punctured on a highway and you don’t have a spare tire in it,
then
you will face lots of difficulties so, in a result if you got Extra
money
you must save it, In Today’s World of advertising and social media saving
money
is not an easy task.
In other words
, whenever we are scrolling on Instagram or Facebook, they mostly show us the advertisement related to our interests, and
then
it is very difficult for us to control, so we spend our
money
on buying that item and we just say enjoy the moment to make our self feel that we have done a good thing but later when we need
money
for something else and we got nothing in our bank
then
we regret about it. In conclusion, some are spending
money
on luxury items rather than saving them,
however
, in my opinion, we should save
money
for
future
needs and emergencies.
Submitted by govindachellanii on

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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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