Some believe that everybody should save money to ensure their future, and young individuals as well.
Although
saving in the long term is crucial to ensure retirement or children’s education, I totally agree that young people should start to save and economise soon.
People between the ages of 18 to 30 should prioritise their spending on elements Linking Words
such
as discovery and leisure. These individuals are not submerged by responsibilities and other elements as parenting, which is why the priority should be to spend what is earned on travelling, outings and hobbies. Linking Words
For instance
, Steve Blacksmith, a renowned businessman of 19, has actually stayed a significant amount of time in India, Linking Words
due to
his interest in Buddhism in his early years. It proves that he decided to use his money to travel from America to India to pursue his interests and to enjoy life.
The lack of experience of younger generations tends to be followed by low salaries, undermining the importance of spending it on developing themselves. The younger generation mostly has low salaries, meaning that saving for distant times to come is useless since it is not much compared to future salaries that will enable individuals to save much more. Linking Words
That is
why, for them, it is better to spend on projects, education to learn and experiment with life, to make their own conclusions. Linking Words
For example
, during a business conference, John McAndreson, a 20-year-old CEO, said that before actually getting successful, he used to spend everything he got. He used to fund business projects and participate in events to learn about how others did to be successful.
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To conclude
, economising in the long term is useful for ensuring a relatively secure future; Linking Words
however
, I strongly agree that young people should not spend their money to enjoy life and to flourish in work and in their interests.Linking Words