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?

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Money
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plays a vital role in the modern commercial world.
Therefore
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,
money
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-saving has become a fundamental need for everyone, including youngsters. I believe
money
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must be saved to achieve financial stability and economic security.
To begin
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with, it can't be denied that everything, including education, has become commercialised, where financial stability is necessary to pursue educational and career goals. To maintain economic stability, individuals should have a habit of saving at an early age.
This
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habit would prevent them from trapping in debt as adults.
Additionally
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, they could accomplish their long-term goals without having financial issues. A survey conducted by AN Indian Newspaper ''The Times'' revealed that in middle-class families, youngsters who start during their college time are more likely to pursue study abroad than others.
Moreover
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,
life
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is uncertain for the future. Economic security has become cumbersome in
this
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competitive era, where youth can encounter various unforeseen situations in
life
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,
such
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as losing a job, physical disability, and family issues. During
this
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time, having a safety fund acts as a safeguard and promptly heals the worst circumstances.
Furthermore
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, securing emergency funds escapes masses to reliance on credits or high-interest loans. Resultantly, they live
life
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under economic security, which provides psychological satisfaction. A recent study revealed that individuals who demonstrate strong
money
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management skills tend to report higher levels of
overall
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life
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satisfaction compared to those who struggle with financial management.
To conclude
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,
although
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saving is associated with sacrificing some enjoyment at an early age, it leads to many economic benefits. People should be encouraged to save
money
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regardless of their age.

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task achievement
It is important to explain and elaborate on how the example given (The Times survey) supports the point of saving money during college time and pursuing study abroad.
coherence cohesion
Try to ensure a smoother transition between paragraphs to enhance the logical flow. For example, you could use phrases like 'In addition' or 'Furthermore' at the beginning of paragraphs to better link ideas.
task achievement
The essay provides a clear and comprehensive response to the task, addressing the importance of saving money for young people.
task achievement
The essay includes relevant and specific examples, such as the survey by 'The Times.'
coherence cohesion
There is a clear introduction and conclusion, effectively framing the main arguments of the essay.
coherence cohesion
The main points are logically structured and well-supported.
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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