Many people spend all their money as they get it, rather than saving for the future. What are the reasons for this? Is this a positive or negative situation?

Lately, many topics are being seriously discussed among various individuals and groups, and
one
prominent topic is
money
. Spending
money
recklessly is a trend among
people
, and saving is being ignored, in the succeeding paragraphs, the reason why
this
situation happened and whether an advantage or disadvantage in
this
case are to be discussed.
Firstly
,
people
is hard to save salaries in modern society. It is a common fact that living costs in the past decade are rapidly increasing, so most
people
are struggling with their life.
For instance
,
according to
the related organization report most families have around 50% of the salary they get each month to pay for loans from the bank, car and
house
, and the remaining half for living costs,
such
as bills, fuels and food and
also
children's educational fee, so saving
money
be beset with difficulties since they have no
money
for saving. Another idea worth stressing is that a high
house
price is
one
of the reasons
people
refuse to save
money
. To illustrate, the labour organization launched a report showing that the average income of Taiwanese is around 25,000 dollars per year, but the price of a
house
is more than 600,000 dollars with a used
one
, and
that is
not to mention
new
one
,
hence
, saving
money
becomes less important in the mind of most
people
since they have to work exhausted upon 30 years, just can afford a
house
.
On the other hand
, a disadvantage impact without saving
money
is that
people
will lose the ability to react in emergency events when they face suddenly them.
For example
, we have no idea what time illnesses will come and how they are going impact our lives or whether we have enough
money
to deal with it since the process of treatment will cost a lot of
money
normally so if we have no forming habit of saving, in facing sudden events we will have no power to deal with it. In conclusion,
people
have no motivation to save
money
since they can't visible the future.
However
, the other side of the coin is that the habit of saving
money
can help us to be able to face unpredictability events.
Submitted by rosolook on

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