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?
Money
is crucial, and learning how to manage it is an essential lesson for everyone. Use synonyms
Therefore
, saving is one vital step to keep financial health. In my view, I principally agree that Linking Words
people
need to save Use synonyms
money
even when they are young.
On the one hand, saving for emergencies is rational, since life is always unpredictable. A sufficient Use synonyms
savings
account may assist Use synonyms
people
in overcoming many adversities, Use synonyms
such
as accidents, illness, or unemployment. Linking Words
For example
, during the pandemic in 2019, Linking Words
people
who didn't have Use synonyms
savings
had to face a harder scenario, because of diminishing income sources, plus insufficient Use synonyms
savings
to deal with the crisis. Use synonyms
Additionally
, saving Linking Words
money
is vital for young generations who want to get an education or achieve their goals, that's the reason young Use synonyms
people
need to save Use synonyms
money
earlier. Many ambitious youngsters pursue advanced college education for bright prospects, but the tuition in top universities is generally expensive. Use synonyms
Hence
, saving Linking Words
money
at an early age could be a solution.
Use synonyms
However
, saving is not always the most efficient way to achieve financial freedom from a professional financial perspective. First of all, Linking Words
savings
Use synonyms
accounts
in banks merely offer a minimum interest rate compared to the inflation rate and economic growth, which means Use synonyms
people
would lose their Use synonyms
money
gradually in Use synonyms
savings
Use synonyms
accounts
. Use synonyms
Secondly
, as a cautionary asset manager, it is necessary to weigh the returns and risks from saving Linking Words
accounts
against the potential rewards that the same amount of Use synonyms
money
could bring back, so-called opportunity costs. Use synonyms
For instance
, Linking Words
people
could consider whether to save their Use synonyms
money
in bank Use synonyms
accounts
or invest it in the stock market, since if Use synonyms
people
wish to collect wealth for their future, the stock market usually offers better returns depending on its historical performance.
In conclusion, saving Use synonyms
money
is a fundamental ability for everyone to survive. Use synonyms
Nevertheless
, younger generations are Linking Words
also
obligated to acquire more knowledge and skills in personal finance, undoubtedly, saving is not the best option sometimes.Linking Words
Submitted by Timothy on
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task achievement
To enhance task achievement, you could further explore potential counterarguments or expand on how young people might find it challenging to save money due to various modern pressures.
coherence cohesion
Consider summarizing your main points more succinctly in the conclusion to reinforce the argument, enhancing its impact.
task achievement
The essay provides a clear and comprehensive response to the prompt, tackling the need for young people to save money effectively.
coherence cohesion
Logical structure is maintained throughout the essay, with each paragraph addressing a distinct aspect of the argument.
coherence cohesion
The introduction and conclusion are clear and effectively introduce and summarize the main points of the essay.