It is important for everyone, including young people, to save money for their future. To what extent do you agree or disagree with this statement?

Some
people
believe that it is necessary to save
money
for everyone,especially for young
people
. In my opinion, I consider
money
-saving to be a crucial strategy, as it can serve as an emergency fund and play a future investment role for any areas they may interested in.
Firstly
, keeping cash in the bank may help individuals create a safety net for uncertain circumstances and emergencies.
That is
to say, men who have some
savings
don't need to worry about unexpected events because they can use their reserve funds to face these problems.
For instance
, if a young person can save some
money
, they can deal with issues relatively easily when faced with unforeseen illness or financial problems of family members.
Therefore
, if a young person has some
savings
, the
money
can be of great use, especially in helping to solve sudden unexpected situations.
In addition
, having good financial management skills may
also
help them cultivate financial discipline.
Secondly
, individuals who own a large amount of deposits may
also
have opportunities for important future investments
such
as education, property or starting a business. To make it clear, that
money
gives
people
more chances to try anything that they are willing to do. Take an example, a girl who wants to open a clothing store can directly use the
money
she has reserved in the bank to open the store. Compared with peers who have no
savings
, it is easier for
this
girl to open a store because at least she does not need to borrow
money
to purchase goods. Another thing is that,
due to
the whole economic situation around the world,
savings
could largely help
people
cope with inflation and
also
deal with the problem of
rising
Add an article
the rising
show examples
cost of living.
To sum up
,
although
people
's opinions vary, I am convinced that having some backup
money
ought to be applied because it not only provides a way for the public to face accidental incidents
,
Remove the comma
apply
show examples
but
also
as a method to invest in things.
Submitted by bubblehead1213 on

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Topic Vocabulary:
  • financial security
  • safety net
  • unforeseen circumstances
  • emergencies
  • future investments
  • retirement planning
  • financial discipline
  • habit of saving
  • amassing wealth
  • substantial fund
  • opportunity cost
  • additional income
  • inflation
  • purchasing power
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