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

#people #money #possitive #development

Spending

money

has become a common habit among individuals. More and More

people

like to spend

money

rather than saving it. The

essay

will discuss the main reasons behind

this

issue including financial illiteracy and showing off.

This

essay

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

people

are willing to waste their

money

instead

of saving them. The reason behind

that is

that they don'

understand the importance of saving

money

in order to secure their future

Remove the comma

apply

show examples

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

Thus

, they end up spending all their

money

on purchasing useless stuff.

Furthermore

, some

people

spend a huge amount of

money

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

For example

, most poor

people

, spend their

money

on buying brands,

however

, rich

people

don'

consume their

money

on expensive stuff.

Overall

This

trend has been happing

as a result

of lacking financial education and

also

some

people

love to pride in front of others.

This

is a negative development

due to

a main reason, if

people

worked for a living without saving

money

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

be able to secure themselves against any financial crisis.

For example

, during Covid, many

people

did not have savings which led to going to bankruptcy.

To sum up

this

is a bad development

due to

people

can'

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

people

prefer wasting their

money

to save them.

This

essay

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

understand financial matters and

also

many

people

buy expensive products more than their financial capacities and

also

this

essay

explained why it is a bad development.

Submitted by imanmuhamed.3089 on Wed Jul 05 2023

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

4 paragraphs

299 words

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

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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?

Essentional vocabulary list for IELTS Writing 7+

Some people think government should focus on reducing environmental pollution and housing problems to help prevent illness and diseas. To what extend do you agree or disagree?

Some people say that the best way to improve public health is by increasing the number of sports facilities. Others, however, say that this would have little impact on public health and measures are required. Discuss both views and give your opinion

There is an increasing trend around the world of married couples deciding not to have children. Discuss the advantages and disadvantages for couples who decide to do this.

Some people think that parents should teach their children how to be good members of society. Others, however, believe that school is the best place to learn this.

In some places old age is valued, while in other cultures youth is considered more important.