Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?

#people #money #development

In today’s society, many

people

have a tendency to spend all the

money

they earn rather than saving it.

This

essay will explore the reasons behind

this

behaviour and whether it is a positive or negative development. One reason why

people

prefer spending everything they earn is the desire for instant gratification. Many individuals feel that purchasing material possessions brings them joy and satisfaction. They often justify their purchases by saying that they work hard and deserve to treat themselves.

In addition

, advertising has created a culture of consumerism, where

people

feel that they need to constantly acquire new things to keep up with the latest trends and to fit in with their peers. Another reason why

people

do not save

money

is the low-interest rates offered by banks.

People

may feel that there is no point in saving if they are not earning a significant return on their investment.

Moreover

people

may feel that it is safer to spend their

money

now than to save it for an uncertain future, especially in times of economic instability.

However

this

behaviour can be detrimental in the long run.

People

who do not save

money

may struggle with unexpected expenses or emergencies.

Furthermore

, excessive spending can lead to debt, which can have serious consequences on a person’s financial well-being.

In contrast

, saving

money

can provide individuals with financial security and the ability to achieve their long-term goals. In conclusion, the desire for instant gratification, advertising, low-interest rates, and economic instability are some of the reasons why

people

prefer spending

money

rather than saving it.

While

this

behaviour may bring short-term happiness, it can have negative consequences in the long run.

Therefore

, it is important for individuals to strike a balance between spending and saving to ensure financial stability and achieve their long-term goals

Submitted by noahlee1310 on Sun Aug 20 2023

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Fully explain your ideas

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Paragraph 1 - Introduction

Sentence 1 - Background statement
Sentence 2 - Detailed background statement
Sentence 3 - Thesis
Sentence 4 - Outline sentence

Paragraph 2 - First supporting paragraph

Sentence 1 - Topic sentence
Sentence 2 - Example
Sentence 3 - Discussion
Sentence 4 - Conclusion

Paragraph 3 - Second supporting paragraph

Sentence 1 - Topic sentence
Sentence 2 - Example
Sentence 3 - Discussion
Sentence 4 - Conclusion

Paragraph 4 - Conclusion

Sentence 1 - Summary
Sentence 2 - Restatement of thesis
Sentence 3 - Prediction or recommendation

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8Linking words
meeting the goal of 7 or more
2Word repetition
meeting the goal of 3 or fewer
0Grammar mistakes
 

5 paragraphs

301 words

0123456789.0505

Overall Band Score

Coherence and Cohesion: 6.0

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: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 4.5

Complete response

4.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

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Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?

Fully explain your ideas

Essentional vocabulary list for IELTS Writing 7+

Some people believe that teaching children at home is best for a child’s development while others think that it is important for children to go to school. Discuss the advantages of both methods and give your own opinion.

Tourism generates revenue therefore it should be promoted discuss the statement and give solutions .

Many governments think that economic progress is their most important goal. Some people, however, think that other types of progress are equally important for a country. Discuss both these views and give your own opinion.

in many countries, women are allowed to take maternity leave from their jobs during the first month after the birth of their baby. Do the advantages of this outweigh the disadvantages?