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?

Spending a

lot

of

money

could mean a

lot

of different things, the

person

might have a

lot

of expenses to take care or they just have a wild lifestyle.

However

, I believe it is wise to think about the future and to make a good financial plan for every salary.

Furthermore

, if a

person

has a

lot

of expenses

for example

a

car

payment, house payment, and lots of other bills they are left with a little bit of

money

at the end

of the month, it becomes crucial in

this

case to come up with solutions. On one hand, they might have an expensive

car

they can't afford, a smart

person

would buy a used

car

instead

of paying monthly for a luxurious

car

and save up the cash and invest till they buy their dream

car

.

Moreover

, another option would be to have a passive

income

, Which means a source of

income

that doesn't need a

lot

of maintenance

for example

putting some

money

in stocks or even having a business on the side like a

car

wash.

In addition

to that, if a

person

is just spending

money

for no good reason they need to re-evaluate their choices. It is understandable if a

person

is spending a

lot

of

money

on important stuff but when it comes to using all of their

income

on useless stuff without thinking about the future it is surely a bad idea. In conclusion, I believe that it is important to plan for the future and divide your

income

in the wisest way possible, I don't think it is a positive nor a negative development and it depends on the scenario and the

person

as we mentioned in the past paragraphs. It can be good to spend a

lot

of

money

but doing it with a clear plan is a must, and it can be bad if you just spend your

money

blindly.