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?

Saving
money
is crucial for every individual’s
future
, especially for young
people
.
While
I partially agree with
this
approach, it is essential to recognize that the ability to save
money
depends heavily on a person’s financial situation and circumstances. First and foremost, not everyone is in a position to save
money
. For individuals and families who belong to the lowest income bracket, some of whom may even live below the poverty line, saving
money
is a luxury they simply cannot afford. These individuals often struggle to cover their basic needs and household expenses,
such
as paying bills, covering the tuition fees for their children’s education, or even purchasing essential food items. For
this
group, setting aside
money
for the
future
is unrealistic, as their immediate financial challenges take precedence.
Moreover
, most young adults face financial difficulties because they are still in the process of completing their education and may not have full-time employment. Without a stable source of income, saving
money
becomes particularly challenging. In fact, many young
people
are not only unable to save but
also
rely on financial support from their parents to cover their living and educational expenses. The absence of a regular income stream during
this
period of their lives makes it difficult, if not impossible, to save.
However
, despite these challenges, it is still important for young
people
to develop good financial habits. Parents and educators should play a key role in teaching financial management skills to the younger generation.
While
it may not be feasible for young adults to save large amounts of
money
, they can still learn the importance of budgeting, managing expenses, and planning for the
future
. Encouraging young
people
to take on part-time jobs is
also
beneficial, as it allows them to earn some
money
, gain work experience, and prepare for the
labor
Change the spelling
labour
show examples
market after graduation. In conclusion,
while
saving
money
is indeed important, it is not always a viable option for everyone, particularly for those with limited financial means.
Nonetheless
, young
people
should be encouraged to learn financial management skills and seek opportunities to earn
money
through part-time work, which can help them build a foundation for a more secure financial
future
.
Submitted by m.ali.gholamalian on

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  • to give a clear example
  • such as
  • namely
  • to illustrate
  • take, for example

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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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