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
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for
people
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’s later paths has become more controversial about whether
people
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, particularly youngsters, should adopt
this
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saving habit. From my perspective,
although
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there are some advantages to having a thrifty lifestyle, I firmly disagree that saving
money
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for the
future
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is necessary
due to
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several underlying rationales. It is undeniable that having a saved budget leads to numerous benefits for the
future
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, 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
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that
people
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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
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, saving
money
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is one of the most significant soft skills that individuals must possess in
this
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society where the price of goods and services has a dramatically increasing tendency
as well as
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economic inflation, posing a risk for
people
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who are superficial in managing and saving
money
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to prepare for
future
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landscape, and
this
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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
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for joyful youth and present
opportunities
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are considered as the drawbacks of
this
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tendency. Spending more
money
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on savings is synonymous with the thrifty lifestyle, which may lead to rarer
opportunities
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for
people
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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
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, young
people
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, who may experience a tedious youth, mostly focus on making
money
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and saving
instead
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of enjoying the sense of thrill and excitement of hanging out, which is considered
as
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apply
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a stress reliever.
In addition
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, 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
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monetary saving is a good habit
that is
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beneficial for
people
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to prepare for their
future
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, I disagree with that lifestyle as the development
opportunities
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presently available to joyfully experienced youth are more outweighed.
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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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