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?

Sometimes it is argued that everyone, including young people, should save their

money

for the future. To some extent, I agree with

this

notion .

While

I believe most of the time it can be a good approach to save

money

for the future, sometimes spending

money

instead

of saving it would be a better idea. On the one hand, saving

money

has many advantages.

Firstly

, it would be a good practice to save

money

. Individuals, mostly teenagers can improve their financial skills.

Secondly

, storing

money

in long-term periods can be beneficial after retirement, many people cannot work after retirement, and

also

they are not entitled to any income, so saving

money

from an early age would be the only way for these citizens.

Lastly

, it is worth mentioning that by saving

money

and making a plan for the future, young people can learn to be patient, in my opinion it is a practical skill nowadays.

On the other hand

, we cannot ignore the negative sides of storing

money

. In many developing countries, the value of currency fell drastically each year.

For instance

, in my country, with the

money

you could buy a car five years ago, you can buy a cell phone these days,

thus

, saving

money

instead

of investing it is just a waste of

money

.

Also

, working and using some products are only interesting for youngsters.

For example

, I could enjoy wearing a brand-new Rolex watch, but currently, I do not have the enthusiasm to buy these items.

Similarly

, sometimes it is better to learn how to make more

money

instead

of saving

money

. In conclusion, I believe that saving

money

has both advantages and drawbacks,

therefore

before saving

money

, we should consider our situation.