Some are of the opinion that spending
money
for today’s
needFix the agreement mistake
show examples
is justified.
While
,Remove the comma
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otherFix the agreement mistake
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opine that
one
should always save their earning for the future and for unforeseen
situationFix the agreement mistake
show examples
. I believe
onChange preposition
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the latter philosophy and my reasonings shall be elaborated in the following passages.
To begin
with, today’s generation
earnChange the verb form
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goodCorrect article usage
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amount of
money
compared to the older generation.
This
is because
,Remove the comma
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most of them have strong educational
backgroundFix the agreement mistake
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and land a decent job.
Hence
, their career is secured and they do not value income as much as they should as there is never a deficit of cash flow. Another reason, most people do not save
money
is because, government provide most of the basic necessities
at Change preposition
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free of
costChange the noun form
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such
as education, medical, and other amenities.
For example
, students who passed out before 2005 in the USA had at least 65000$ in debt upon graduation
thus
, making them
to Change the verb form
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allocate at least
one thirdAdd a hyphen
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of their salary towards their loan.
However
,
post 20005Add a hyphen
show examples
, the ruling government waived off all
the Correct article usage
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student loans by 50% for current students.
This
certainly took
financialCorrect article usage
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burden off of their shoulders yet,
instead
of using
this
money
to pay off loans they spent it to go
forChange preposition
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a party, purchase
apparelsFix the agreement mistake
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,
takeCorrect word choice
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unwanted vacation trips so that they
canWrong verb form
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post their lifestyle on social media. Facebook, Instagram,
Correct word choice
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Tik-TokCorrect your spelling
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are
also
oneCorrect determiner usage
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of the primary reasons why they do not want to save.
YoungerCorrect article usage
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generation
liveChange the verb form
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for likes which gives them a
celebrity likeAdd a hyphen
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status. To show off their lifestyle, they indulge in purchasing unnecessary expensive goods. Becoming famous in
shortAdd an article
show examples
span of time takes precedence over saving for the future.
Having said that I, strongly believe in
savings
.
One thirdAdd a hyphen
show examples
of our income should go towards
savings
because
,Remove the comma
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life is unprecedented. In order to cope
up Change preposition
show examples
with
un-foreseenCorrect your spelling
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medical
expenseFix the agreement mistake
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or other
expenseFix the agreement mistake
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,
one
must always be prepared.
For instance
, during COVID-19 many suffered from financial constrain as they did not have any
savings
in their account and many insurance
companyChange to a plural noun
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did not cover
this
disease as it was new.
This
ended up hurting
citizensChange noun form
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pockets and mental stability. Without
many hospitals denied treating its patient. If people had
savings
, they could have prevented
mortalityCorrect article usage
show examples
rate at least by 10%. Another reason
savings
is vital
becauseAdd a missing verb
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as
humanFix the agreement mistake
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we will eventually lose the ability to work beyond
certainCorrect article usage
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age
due to
our physical deterioration.
Savings
for our retirement must be our priority so that we do not have to depend on our children’s earnings. Having
a Correct article usage
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sound financial stability can allow us to live our life in peace.
Overall
, I firmly believe that every penny saved is every penny earned. It is important to spend on certain things that might give us happiness but spending our entire paycheque only item that we want is absurd. We should strike a balance between the need and want and make wise and well-informed
choiceFix the agreement mistake
show examples
so that our future is secured.