Many people spend all their money as they get it, rather than saving for the future. What are the reasons for this? Is this a positive or negative situation?

#people #money #future #situation

Since the beginning of time, the concept of saving or spending cash has been a sparking debate. Some individuals make it a habit to spend their income

while

others consider saving for the future a smart alternative. The reasons behind spending range from sheer necessity to selfish wants in a multi-faceted manner. We are all on

this

earth for a finite amount of time and saving is used as a tool for a rainy day. Personally, I believe

this

to be a positive situation when combined with savvy planning.

Firstly

, money can buy happiness, regardless of age and responsibility.

For example

, when comparing new parents to teenagers, their financial responsibilities would be vastly different. In the short term, teenagers could have their immediate wants fulfilled by purchasing a pair of shoes with their weekly paycheck. When compared to newly found parents, it would bring satisfaction to the parents should want to plan and execute their child's future education or pay off their mortgage through their hard-earned income.Splashing out can give instant dopamine.

This

can bring

overall

society joy. Controlled spending does not necessarily mean impulse spending which the wider community need to understand. There is a reason there is a cost for everything and nothing is free. Personally, I believe if you earned the money it is up to you how you spend it. It is possible to spend to grow your portfolio through intelligent investment. If everyone only saved

this

would limit

overall

economic growth.

Secondly

, health is something you cannot buy. ,

Change the punctuation

apply

show examples

However

Add a comma

,However

show examples

when you allocate funds to support your goals it could become beneficial. An example of

this

includes paying for medical treatment after you've had an injury

such

as stem cell treatment. Personalised treatments are justified when your goals are aligned with sports

this

could bring you back to your peak performance,

moreover

would support economic growth. On the other ,hand purchasing protein powder or other supplements demonstrates that nothing is free especially when trying to optimize extracurricular activities

such

as athletic performance.

Thus

I conclude, individuals spending their capital as they receive their revenue rather than saving for the future is beneficial. It is essential to save, create strong habits and create generational assets

while

spending scarcely. Spending could lead to splurging, and extravagant outgoings are usually not done in a controlled manner. The aforementioned has provided detailed reasons for why people are more willing than others and is ultimately a positive situation when combined with the benefits of planning forward financially.

Submitted by mirnahamada on Sat Jul 01 2023

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

Summary
Restatement of thesis
Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

In conclusion
To conclude
To summarize
Finally
In a nutshell
In general

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10Linking words
meeting the goal of 7 or more
0Word repetition
meeting the goal of 3 or fewer
2Grammar mistakes
 

4 paragraphs

416 words

7.00

Overall Band Score

Coherence and Cohesion: 4.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 7.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 7.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 9.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Many people spend all their money as they get it, rather than saving for the future. What are the reasons for this? Is this a positive or negative situation?

Include an introduction and conclusion

Some people think that robots are very important for humans' future development. Others, however, think that robots are a dangerous invention that could have negative effects on society. Discuss both views and give your own opinion.

What are the advantages of cheaper public transportation?

The chart below shows the number of households in the US by their annual income in 2007, 2011 and 2015. Summarise the information by selecting and reporting the main features, andmake comparisons where relevant.