Many people believe that they should spend money to enjoy life at present.others however, think they should save it for the future. Discuss both views and give your opinion

Money

is an essential part of

life

. The important question about earned

money

is how someone spends those. Some people urge that we should spend our earnings enjoying

life

, and others believe saving is more important than enjoying the present. In

this

,essay I shall discuss the merit and demerits of both these views

along with

my opinion.

To begin

with, spending

money

on current entertainment gives us enormous joy and mental health. But, in the long ,term it is not a good idea, considering the reason

such

as unexpected expenses

due to

emergencies and secured retirement

life

.

For instance

, Those who are enjoyed presently end up with a

money

shortage, if any medical emergency arises in the family. In another description, they mostly end up with no savings after retirement leading to a poor and struggling

life

in their old age.

Secondly

, saving

money

for the future gives versatile advantages in the long term point of view in terms of children's health and education, a healthy and happy retirement

life

and independence in old age.

For example

, small savings every day or a month lead to an accumulation of

money

, which can be spent in different saving forums including the share market,

this

multiplies the amount and at a later stage it could be useful for various purposes.

However

, the person misses their enjoyment and increases the stress during these periods. In my opinion-Based on the advantages and disadvantages pointed out by both of the views- it is of utmost importance to maintain the balance between savings and current entertainment. In conclusion, one should not only enjoy every bit of their present

life

but

also

proceed with regular saving plans.