It is better to save money than to spend it. How far do you agree with this statement? Is saving more important than spending in today’s world? Give reasons for your answer, and provide ideas and examples from your own experience. You should write at least 250 words

 

Ielts Essay - MOney saving 

In times when most  of the economies of the world are facing turmoil( unrest), many have resorted to spending frugally since they term it a crucial exercise for a safe future. However, some find it quite inappropriate to exercise restraint when it comes to using their financial resources. 

Not being spendthrift and investing in savings of various kinds is considered to be a prudent practice. This view is based on the fact that the future is always uncertain, and one can be exposed to emergencies and crisis, especially related to health at any point of time, in which case it may invite huge medical expenses. To negotiate such occurrences, one needs to have enough financial resources at ready disposal. Such relief is only possible if an individual uses his foresight and puts some of the income into creating a financial buffer.

Moreover, practicing thrift instead of liberal attitude when it comes to using money, also helps people to cushion their later life. It is a common perception that twilight years is a time when most have to lead a solitary life, or be without a job. At such times, every penny saved can prove to be a boon and afford all necessities.

Nevertheless, there are some who  feel that money is meant for consumption, experiencing the exploits of the hard work put in to earn it  rather than putting it aside for tomorrow. They feel that money is fast losing its value due to inflationary tendencies, and it may not fulfil the desires later, so one must utilize it to fetch pleasures today.

In hindsight, I opine sacrificing extravagance and putting money aside for the rainy days and bright future carries substance. Those who believe in being prodigal are short sighted and their prophecies should be overlooked.