some people think it is alright to spend money for their wants, such as a new car or the latest gadjet. other think it is a better to save the money and only buy what they really need. which opinion do you agree with and why ? give specific details and examples in your answer.

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Money is one of the necessities of life, today. Without that, striving is almost impossible in the contemporary world.
However
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, wasting it on things just for aesthetic purposes is wrong in my opinion.
This
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is high time when we should learn its importance and its correct usage as the world needs it the most today. First of all, inflation has taken a new peak after COVID-19. All the nations are still making and implementing plans to recover the losses that strike during and after that calamity. Individuals
on the other hand
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are usually working harder than before to make both ends meet. So, it is the duty of the population
in general
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, in general,
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to save it for better uses and not to waste it on luxuries only.
For example
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, the financial authorities published a report
last
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year, where it was mentioned that 5% of GDP was used for upgrading cars only ,
an
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and an
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equal amount was allocated for our educational budget.
Therefore
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, if people had shown some maturity, that money would be useful for our future generations.
Secondly
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, we all never know, when another pandemic or financial crisis can hit us. We are really in some very unpredictable era at the moment.
While
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people should maintain their lifestyles, it is equally important to save some money for any crisis that can hit us in the future .
For instance
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, they can purchase some education or health insurance by saving some bucks every month . It is definitely worth making a proper budget to help us to cope with the situation.
To conclude
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, I must say that we need to set our priorities right at the moment. Currency is getting devaluation every now and
then
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and the nation is still spending a lot on the things that are unimportant. Saving it will not only help our kids but will help our country in the long run.
Submitted by Maj on

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