Many people prefer to spend money and not save it. What are the reasons is it possitive or negative development?
Spending
money
recklessly is becoming a trend among people
. saving is getting neglected by large sections of society. This
essay will first discuss reasons for not saving money
and suggest that spending money
recklessly is a negative development because financial emergencies can come at any point in time.
One reason why people
spend more money
is that they are inspired by the extravagant lifestyle of celebrities. Moreover
,they are of the opinion that spending all your earnings is a trend to follow. It gives them a psychological kick . living an exuberant lifestyle leads to reckless spending fueled by credit cards. For instance
, many youngsters spend their earnings on buying an iPhone 6s which cost
more than their entire salary.
Wrong verb form
costs
However
,Spending reckless cash on self
leads to debt. ,Correct your spelling
oneself
Also
many people
don't
have sufficient knowledge of money
management. furthermore
, they just don't
know how to invest or save their hard-earned. Money
management skills are vital in today's world and lots of people
just don't
understand their importance of it. To cite an example , In ,Europe many people
live on credit card spending . their credit card debt is higher than their monthly earnings.
To conclude
. spending fund
extravagantly is a negative development for society . spending your entire salary on luxuries leads to a life full of debt and stress. society should learn and practice Fix the agreement mistake
funds
money
management skills which leads to financial freedom for them. spending funds should be thoughtful
practice Correct article usage
a thoughtful
otherwise
it leads to a life of debts and stress for people
. most of them just don't
understand the importance of having sufficient funds at their disposal to counter the financial challenges one has to face in his/her life.Submitted by yash334 on
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coherence cohesion
In your introduction, make sure to clearly state your opinion and outline the reasons that will be discussed in the essay. Additionally, ensure that your conclusion restates your main points and provides a clear final thought on the topic.
task achievement
Your essay partially addresses the task by discussing the reasons for not saving money and the negative consequences of reckless spending. To improve, provide a more balanced discussion by considering the positive aspects of spending money as well.