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

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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.