Many people prefer to spend money and not save it. What are the reasons is it possitive or negative development?

#people #money #possitive #development

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Spending

money

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has become a common habit among individuals. More and More

people

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like to spend

money

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rather than saving it. The

essay

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will discuss the main reasons behind

this

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issue including financial illiteracy and showing off.

This

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essay

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will explain why it is a negative trend. To start with, a huge number of

people

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are willing to waste their

money

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instead

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of saving them. The reason behind

that is

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that they don'

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understand the importance of saving

money

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in order to secure their future

Remove the comma

apply

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because they did not get well-educated about financial fundamentals when they were in school.

Thus

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, they end up spending all their

money

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on purchasing useless stuff.

Furthermore

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, some

people

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spend a huge amount of

money

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to buy fancy houses, cars or clothes to show off.

For example

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, most poor

people

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, spend their

money

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on buying brands,

however

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, rich

people

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don'

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consume their

money

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on expensive stuff.

Overall

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This

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trend has been happing

as a result

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of lacking financial education and

also

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some

people

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love to pride in front of others.

This

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is a negative development

due to

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a main reason, if

people

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worked for a living without saving

money

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, they would have ended up having a miserable future as they won'

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be able to secure themselves against any financial crisis.

For example

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, during Covid, many

people

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did not have savings which led to going to bankruptcy.

To sum up

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this

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is a bad development

due to

Linking Words

people

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can'

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survive financially under any emergencies. In conclusion, an increasing number of

people

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prefer wasting their

money

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to save them.

This

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essay

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presented the main reasons behind that trend, some individuals don'

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understand financial matters and

also

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many

people

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buy expensive products more than their financial capacities and

also

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this

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essay

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explained why it is a bad development.

Submitted by imanmuhamed.3089 on Wed Jul 05 2023

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12
Linking words
meeting the goal of 7 or more
4
Word repetition
meeting the goal of 3 or fewer
1
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 5.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 5.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 8.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

299 words

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Topic Vocabulary:

instant gratification
consumer culture
financial literacy
economic optimism
financial instability
indebtedness
stimulating economic growth
personal satisfaction
innovation
job creation
investment
wealth accumulation
advertising
social media
luxury lifestyles
financial planning
future security
emergencies

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Many people prefer to spend money and not save it. What are the reasons is it possitive or negative development?

In some cultures, children are often told that they can achieve anything if they try hard enough. What are the advantages and disadvantages of giving children this message?

Some people spend a lot of money for their wedding ceremonies. However, others feel like it is unnecessary to spend a lot. Discuss both view points and give your own opinion.

In many countries, formal exams are used to assess students abilities and to judge the success of their education. What are the advantages and disadvantages of using formal exams to assess students abilities? Do you think the benefits of using formal exams outweigh the drawbacks

What are the advantages and disadvantages of leaving your country to live or study abroad.

Some people believe that all wild animals should be protected. Others say that few wild animals should be protected instead”. Discuss both views and give your opinion.