It is important for everyone, including young people, to save money for their future. To what extend do you agree or disagree with this statement?

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In
this
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contemporary epoch, saving
money
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is a valuable and beneficial skill.
Thus
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, it is believed by people that it is highly imperative for everyone, including the younger generation, to save funds for tomorrow.
This
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essay will discuss why I completely agree with
this
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viewpoint.
To begin
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with, there are many advantages of saving
money
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for a better future for an individual and their families. The predominant one is financial independence. To elaborate
further
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, a person who saves
money
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to buy assets or invest in a business can retire early to enjoy the rest of their lives without the burden of financial expenses.
Additionally
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, saving funds
also
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promotes financial safety. In greater detail, saving
money
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can provide a financial safety net in case of emergencies, preventing individuals from facing financial hardships during unexpected situations.
For example
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, if a person met with an unfortunate accident
then
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the saved amount could be used during that time when he or she cannot go to work to provide for their family.
Furthermore
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, young people who learn to budget their expenses can save effectively to fulfil their dreams or future needs. To shed more light on
this
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, learning to save at a young age can instil discipline towards managing their expenses.
Moreover
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, not only do they learn important skills like budgeting, planning and financial responsibility, but
also
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they can fulfil their fancy dreams. To illustrate, a young individual who saves from an early age can fulfil his dream of travelling the world without being dependent on his parents or other people for support. To summarize, in my opinion, the practice of saving can be very helpful in the case of emergencies, to be financially independent and to achieve dreams. Ultimately, everyone should prioritize saving at least a small portion of their income for the upcoming days.
Submitted by taliyarifat on

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task achievement
Try to maintain consistent vocabulary throughout the essay to further improve clarity and avoid repetition.
coherence cohesion
Ensure each paragraph transitions smoothly into the next for enhanced readability.
task achievement
The essay addresses the prompt effectively and presents a clear position throughout.
coherence cohesion
Both the introduction and conclusion are well-structured, effectively framing the main arguments.
task achievement
Your use of specific examples, such as the scenario of an accident, effectively illustrates your points.
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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