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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?

#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

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For we to consider an essay structure a great one, it should be looking like this:

  • 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

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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