Some people believe that it is important to spend a lot of money on family celebrations. While others think it is a waste of money. Discuss both views

There have been competing views on whether people should spend exorbitantly on family celebrations.

While

others are of the opinion that it is essential, others opine it's an act of wasting

funds

.

Although

,

this

is a good way to show how wealthy and social, it can be an act of wasting

funds

because

such

money can be channelled into investments for the

future

.

This

essay will explicate these with relevant examples and a logical conclusion will be drawn. On the one hand, the coming together of members of a family to rejoice and show affection to one another is an act that creates a bond. Spending lavishly on individuals event is a great way to make society know how financially capable and outgoing they are so that the public can always honour the family, which makes some people see

this

as their priority to expend a huge sum of

funds

.

For instance

, a family who celebrated their daughter's wedding ceremony made sure all kinds of the menu was available and

also

invited the most popular song artists to sing which added to their value in society.

On the other hand

, expending extravagantly on family occasions can be considered a waste of resources which could have been spent on much more important things in the family

such

as investing and buy of shares for

future

purposes. When families channel a huge amount of their income on what can be regarded as just a few days' parties to showcase that they are well-to-do,

this

can make them run bankrupt as they struggle to pay the debt for the elaborate ceremony. To illustrate, a family lavished

funds

on their grandfather's 80th birthday

instead

of investing in the

future

for the younger ones, after the celebration they discovered they are in a big debt as they are owing a lot of people and

this

brought them to disgrace their community. Conclusively,

although

the importance of expending much on ceremonies is to denote the level of wealth, families should be aware that it can be an avenue of wasting resources that could have been useful in the

future

and

this

can make them run into debt.