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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Presently, the phenomenon of saving
money
for
people
’s later paths has become more controversial about whether
people
, particularly youngsters, should adopt
this
saving habit. From my perspective,
although
there are some advantages to having a thrifty lifestyle, I firmly disagree that saving
money
for the
future
is necessary
due to
several underlying rationales. It is undeniable that having a saved budget leads to numerous benefits for the
future
, namely financial preparation for unforeseen circumstances and establishing good financial management. First of all, there are a plethora of situations that will happen in the
future
that
people
have no forecast for, particularly in the worst-case scenarios, namely traffic accidents and abruptly broken devices, which immediately require a sufficient budget to be able to pay.
Secondly
, saving
money
is one of the most significant soft skills that individuals must possess in
this
society where the price of goods and services has a dramatically increasing tendency
as well as
economic inflation, posing a risk for
people
who are superficial in managing and saving
money
to prepare for
future
landscape, and
this
is significantly true for the young generation. Despite the mentioned merits of saving
habit
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habits
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, I hold the opposite view since the fewer
opportunities
for joyful youth and present
opportunities
are considered as the drawbacks of
this
tendency. Spending more
money
on savings is synonymous with the thrifty lifestyle, which may lead to rarer
opportunities
for
people
to approach the latest and most effective educational system or entertainment, as they are not willing to pay for those activities’ exorbitant expenses.
As a result
, young
people
, who may experience a tedious youth, mostly focus on making
money
and saving
instead
of enjoying the sense of thrill and excitement of hanging out, which is considered
as
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a stress reliever.
In addition
, opportunity cost is highly worthwhile for the young generation in terms of personal development in their early stage, laying a foundation for an enormous amount of earnings they can receive later, rather than deterring their own developing path by saving in the present time. In conclusion,
although
monetary saving is a good habit
that is
beneficial for
people
to prepare for their
future
, I disagree with that lifestyle as the development
opportunities
presently available to joyfully experienced youth are more outweighed.
Submitted by thanhtu.thcsbt 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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