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?

It is necessary for every individual, including youngsters, to have financial reserves for their future. Personally, I totally agree with
this
statement for some reasons mentioned in
this
essay. On the one hand, financial planning can be useful in every situation. First of all, having an emergency fund is very helpful in anticipating unexpected conditions
such
as being sacked, sick or helping family and friends.
Therefore
, people can handle the problems to prevent a huge financial burden later.
For example
, in Jakarta City, there is a flood
that is
sinking all of the houses in one of the residential areas. Even the water went into the house,
thus
the furniture inside it is broken. If the residents in the
neighborhood
Change the spelling
neighbourhood
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want to fix it, they must spend their
money
. Because of that, savings can be used in that situation.
On the other hand
, to keep
money
from a young age, they will save a lot of
money
for their future, which they need to support their career. They need capital, specifically
money
, because at
first,
there is a high need for
money
to buy or make something to develop their career.
For instance
, there is a man who is going to set up a restaurant business. The man needs a large amount of
money
to build the restaurant, buy interior furniture, hire a chef and employee, and
also
foodstuffs.
As a result
, without long-term financial planning, it is very hard for an ordinary person to achieve successful business development.
To conclude
, savings are vital for everyone, especially starting from a young age. I hold a firm belief that reserving a partial income can be used when there is an unpredicted tragedy to resolve their problems and beneficial to support their career in the future.
Submitted by hasnaisdihar on

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task achievement
Ensure that you address potential counterarguments to strengthen your position.
coherence and cohesion
Maintain consistent terminology when discussing financial concepts to enhance clarity.
coherence and cohesion
The essay provides a clear introduction and conclusion, effectively framing the argument.
task achievement
The essay includes specific examples that effectively support the main points.
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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