Many people prefer to spend all the money they earn and not save any thing. What are the reasons for this? Is this a positive or negative development? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Nowadays, many
people
love to spend all of their income
instead
of saving. There are many reasons behind
this
change. In
this
essay, I will examine both perspectives and argue that
this
is a negative development. The current generation believes in living the life to full extent. Over the years, the way of living has
been
Unnecessary verb
apply
show examples
changed, and most
people
like to spend all their money to make their lifestyle better in any way possible.
For instance
,
people
spend fortunes on expensive cars and big houses.
Additionally
, they buy branded clothes or expensive phones.
This
makes them happy as they feel satisfaction by doing it.
Moreover
,
due to
exposure to social apps,
people
like to show off their way of life to society. To illustrate, many
people
buy expensive phones or take extravagant holidays to experience exotic foods and locations for the sake of acknowledgement on social media in spite of low salaries. They don't understand the idea of influence.
As a result
, they live on credit cards or take loans and go into debt which leads to stress and
cause
Correct subject-verb agreement
causes
show examples
many health and relationship problems.
However
,
this
behaviour can be detrimental in the long run.
People
who do not save money may struggle with unexpected expenses or emergencies.
To conclude
, I would argue that
people
should spend all the money they earn. I believe that the main reason behind
this
negative development is the acceptance
people
seek
on
Change preposition
in
show examples
the virtual world of the internet.
By contrast
, everyone should be financially smart and try to save some amount of their income and stay debt-free.
Submitted by kuldeepakdhir on

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