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

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

Wrong verb form

costs

show examples

more than their entire salary.

However

,Spending reckless cash on

self

Correct your spelling

oneself

show examples

leads to debt. ,

Also

many

people

don'

have sufficient knowledge of

money

management.

furthermore

, they just don'

know how to invest or save their hard-earned.

Money

management skills are vital in today's world and lots of

people

just don'

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

Fix the agreement mistake

funds

show examples

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

money

management skills which leads to financial freedom for them. spending funds should be

thoughtful

Correct article usage

a thoughtful

show examples

practice

otherwise

it leads to a life of debts and stress for

people

. most of them just don'

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 Thu Jul 06 2023

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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.

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8Linking words
meeting the goal of 7 or more
3Word repetition
meeting the goal of 3 or fewer
4Grammar mistakes
 

4 paragraphs

280 words

0123456789.0505

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: 6.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 6.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.0

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+

Many people who care for the elderly do not have enough time to look after them. What are the problems related to this? What are some possible sollutions?

The most important aim of sience should be to improve people's live. To what extent do you agree or disagree with this statement ?

Many people around the world use social media everyday to keep in touch with other people and get news events. Do you think the advantanges outweigh the disadvamtages?

international travel is becoming cheaper and countries are opening their doors to more and moore tourist. Do the advantages of increased tourists outweigh disadvantages.