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?

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