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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Saving
money
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for the
future
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is essential for everyone, particularly young
people
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. I strongly agree with
this
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statement because saving
money
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ensures financial security and prepares
individuals
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to handle unexpected challenges.
This
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essay will discuss the benefits of saving
money
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and conclude by emphasizing its importance for a stable and comfortable
future
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.
First,
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the period between the ages of 20 and 30 is often referred to as the "golden years" of a person's
life
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. Young
people
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are typically energetic, healthy, and capable of working at their maximum potential.
This
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stage of
life
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is an excellent opportunity to earn
money
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and begin saving for
future
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responsibilities. As
individuals
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grow older and establish families, their financial obligations increase significantly.
For example
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, they may need to purchase homes, cars, and other essentials to provide a comfortable lifestyle for their families.
Additionally
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, supporting
aging
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ageing
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parents often becomes necessary, as they may require medical treatment and care in their later years.
Therefore
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, saving
money
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at a young age helps
individuals
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manage these
future
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expenses effectively.
Second,
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life
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is unpredictable, and unforeseen events
such
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as medical emergencies, car repairs, or unexpected travel can occur at any time. Having savings acts as a financial cushion, allowing
people
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to face
such
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challenges without undue stress.
Moreover
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, saving
money
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enables
individuals
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to assist others,
such
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as family members or close friends, in times of need.
For instance
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, parents who save
money
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can provide financial support to their children to help them start businesses or pursue higher education.
This
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not only strengthens family bonds but
also
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contributes to
overall
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growth and development. In conclusion, saving
money
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during one’s youth is a wise decision that ensures financial stability and prepares
individuals
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for both expected and unexpected
future
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responsibilities. By making saving a priority, young
people
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can lay the foundation for a comfortable and secure
life
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.
Submitted by mellika.sadeghi1 on

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Use a variety of complex and simple sentences

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‘Complex’ sentences are not actually very complex; they are just two or more simple sentences put together. Putting them together makes the essay more coherent and cohesive.

Examples:

I really want to study but I’m too tired.

I wore a warm coat because the weather was cold.

If action is not taken soon on climate change, global warming will get worse.

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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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