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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In today’s era of the modern world,
money
is everything. All individuals are striving hard to earn high salaries.
Thus
, it is significant for everyone including younger ones to save
money
for their future. I firmly agree that financial reserve is crucial for all comprising of the youngsters. The following paragraphs will elucidate the numerous reasons behind my viewpoint. On the one hand, financial
reserves
play a vital role in personality development. It helps individuals to develop financial management planning.
For instance
,
people
will develop habits of savings and investments which will encourage them to avoid expenses on unnecessary things.
People
with financial
reserves
will be able to live a life full of confidence and freedom. As they don’t need to be dependent on others to borrow
money
. With
money
, they have the capacity to make their own decision and their personal choices.
On the other hand
, savings act as a safety net for unforeseen circumstances.
People
with
money
in hand can handle difficult situations like being hospitalised because of critical sickness or accident.
For example
, in a recent survey, it was found that 40% of employees did not have financial
reserves
and
hence
, they lent or sold their personal belongings to tackle an unavoidable emergency.
Finally
, life savings can be very important in fulfilling lifetime goals like studying in abroad, marriage of children and buying their own house or car. All these dreams cannot be accomplished by ordinary
people
without a cash flow.
To conclude
, financial
reserves
play an important role in one’s life. It helps in personality development and makes us ready to tackle various difficult situations. I strongly agree with the thought that every individual should save
along with
the young generation.
Also
, after analysing it in detail think that
people
without financial
reserves
will land in a critical situation.
Submitted by pskhandelwal13 on

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Supported Main Points
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Logical Structure
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Complete Response
The essay presents a clear and comprehensive response to the task, directly addressing the importance of saving money for future generations.
Introduction & Conclusion Present
The introduction and conclusion effectively encapsulate the main ideas, providing a solid framework for the essay.
Relevant Specific Examples
Examples provided, like the survey about employees without financial reserves, enhance the essay's relatability.

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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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