Many people believe that they should spend their money to enjoy life at present. Others, however, think that they should save it for the future. Discuss both views and give your own opinion.
It is true that the inclination to spend money, among people to enjoy their lives in the present, is increasing, at the same time some people think that they should save for the future to lead a stress free life in old age. I will discuss both aspects in further paragraphs .
Nowadays, people are not worried about their future because they think that they can only enjoy at a young age, whereas in old age, they will experience several health problems, which will make it harder for them to use their savings for leisure. Moreover, what may happen tomorrow, is uncertain, so many believe that they should only focus on today, and live life to the fullest. For example, young people have little interest in saving because they are oblivious of future possibilities, and wish to consume the facilities and amenities available currently.
On the other hand, some people think that one should have enough for the future to ensure a comfortable future and allow facing emergencies and unannounced expenditure, like someone may have to be admitted in hospital and many more. Therefore, this section feels that one should not squander money so that they do not have to depend on someone in future for assistance. Furthermore, those working in private companies are not rendered any pension facilities; therefore, they try to create a financial buffer for their post retirement life, which can be used to fund their health care and other important needs.
To cap it all, I feel that even though both the views hold true in their own virtue, it is important to strike a balance in current spendings and savings, so that one can lead an enjoyable life all through.
