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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

The Pendulum of Immediate Spending and Future Saving: A Modern-Day Conundrum The trend of individuals expending their income instantaneously, rather than depositing it for future use, has become an intriguing facet of modern financial
behavior
Change the spelling
behaviour
show examples
. The roots of
this
pattern are multifarious and its implications, both positive and negative, permeate personal finance and broader economic dynamics.
To begin
, let's dissect the influences driving
this
spending pattern. Chief among them is the cultural emphasis on 'immediate gratification,' where the quest for the newest technological devices, the latest fashion, and luxury items supersedes the wisdom of saving.
Furthermore
, a widespread deficit of financial literacy often leaves individuals unacquainted with the principles of effective money management,
consequently
undermining the importance of saving. Evaluating the repercussions of
this
trend presents a complex picture. On the positive side, a surge in consumer spending can be a key driver of economic growth. Increased demand for goods and services augments business performance, stimulates job creation, and, in turn, propels the economy.
However
, the negative ramifications cannot be overlooked. The most critical
being
Wrong verb form
is
show examples
the heightened financial vulnerability individuals expose themselves to. A lack of
savings
can leave people ill-equipped to navigate unexpected life events
such
as healthcare emergencies or job loss, thereby precipitating potential financial distress.
Additionally
,
this
habit can trigger a debt cycle, as those devoid of
savings
frequently resort to borrowing,
further
exacerbating their financial predicament. A vivid example from my personal sphere illustrates
this
pitfall. A friend, enraptured by the allure of incessant shopping, gradually amassed a significant credit card debt. The resulting financial pressure took a toll on her well-being and required years of careful budgeting and discipline to rectify. A proactive approach to
savings
could have circumvented
this
unfortunate situation. In summary, the immediate spending trend is a convoluted issue, intricately tied to cultural influences and personal decision-making.
While
it provides a temporary impetus to the economy, the potential personal risks and societal debt issues outweigh the short-term gains.
Therefore
, it is essential to advocate for robust financial literacy programs and to cultivate a balance between immediate spending and future
savings
. Ensuring financial resilience today is the key to safeguarding financial health for tomorrow.
Submitted by mirnahamada on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

Essentional vocabulary list for IELTS Writing 7+

Learn how to write high-scoring essays with powerful words.
Download Free PDF and start improving you writing skills today!
What to do next:
Look at other essays: