A lot of people nowadays are spending too much money and they don’t save anything for future use. Is this a positive or a negative development?

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In the contemporary era, many people favour spending all the
money
Use synonyms
they earn.
Also
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, they do not save anything for the future. From my perspective, it is a negative development and there are a myriad of reasons contributing to
such
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opinion which will be examined
further
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in
this
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essay.
To begin
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with, saving
money
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is important to create an emergency fund.
For instance
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, if someone gets a health emergency which is an unforeseeable circumstance of one's
life
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then
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he can easily cover his expenses with the funds he saved for the future.
On the other hand
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, a spendthrift person might not be able to pay for his
spendings
Fix the agreement mistake
spending
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such
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as medical bills and therapy charges.
Therefore
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, to create a safe financial
life
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one has to save funds which somehow offer ease during the hard moments of
life
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.
Moreover
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, saving has
an
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apply
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another advantage which is it provides freedom to a frugal user of
money
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.
For instance
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, if somebody preserved
money
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for his future use
then
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his
life
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does not depend upon the paychecks. He can easily take off for vacations from his work and does not have to worry about
his
Change the word
the
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costs of daily
life
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. But, the people who are not conscientious enough towards
wealth
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they
Correct pronoun usage
apply
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cannot have control over their time. They could not spend some moments of
life
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comfortably like a miser person can do that.
Thus
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, preserving
wealth
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is a necessity of
life
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.
To conclude
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, there are many unexpected situations
of
Change preposition
in
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life
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when a human needs huge amounts of cash to cover his expenses.
Besides
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this
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,
wealth
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is required to take control of one's time.
Wealth
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saves someone from not only emergencies but
also
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from other distresses that come from
daily
Correct article usage
a daily
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busy
life
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.
Hence
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, it is crucial to preserve finances.
Submitted by Kiran on

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coherence cohesion
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coherence cohesion
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To elevate your essay further, you might explore counter-arguments and refute them. This approach could enrich your discussion and demonstrate a deeper understanding of the topic.
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You have a clear thesis statement that sets the direction for your essay.
coherence cohesion
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You effectively use examples to support your main points, illustrating your arguments well.
Topic Vocabulary:
  • economic instability
  • financial trouble
  • emergencies
  • economic downturns
  • financial security
  • long-term goals
  • higher education
  • retiring comfortably
  • paycheck to paycheck
  • stress and anxiety
  • mental health
  • stimulate the economy
  • generate employment
  • business growth
  • debt accumulation
  • consumerism culture
  • material goods
  • personal development
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