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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Thanks to today's globalized economy, saving
money
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is of high importance for people of different ages, especially the youth.
While
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some believe in a thought that today is by far more important than tomorrow, I,
however
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, feel that considering saving
money
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is a crucial habit.
First,
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uncertainty in the
future
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is inevitable which can have devastating impacts on life.
While
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I concede that spending
money
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without thinking enhances not only our mental health but
also
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our physical strength, no one is able to forecast the
future
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.
Consequently
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, we should store some
money
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for a rainy day which is a major driver of poverty
as well as
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depression. There is a stunning comment from the president of the US, Donald Trump,
for instance
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, who said that who knows what tomorrow holds and
this
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inspires us to think positively and carefully about the
future
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. Investing in big opportunities is another factor. Many supporters of the idea that we should spend whatever we have, claim that
this
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approach gives us a sense of accomplishment.
However
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, I would argue that saving
money
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in a sufficient amount will allow you to turn challenges into opportunities in years to come. Take,
for example
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, a budget deficit that might prevent you from sustainability in your company during times of economic crisis, or buying incredible houses or cars.
Moreover
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, it should
also
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be noted that the high inflation rate in some countries can affect easily your assets and we should use some measures to overcome them.
To sum up
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, storing an efficient amount of
money
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helps in not only the protection of the
future
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but
also
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investment.
Therefore
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, I agree that saving
money
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for the
future
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benefits all of us.
Submitted by mohamadhoseinvaeedi on

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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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