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

 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

There is a profound debate going on between diverse sections about whether money should be used to enjoy comforts in the current times, or should it be kept aside to bolster the future.  Both the partisan factions harbor justified opinions which I shall analyze in the following paragraphs 

To start with, a section, especially  youngsters, is profoundly inclined ro using money to enjoy their life in current times: there is a general perception harbored by this group that life is uncertain and money is likely to lose its value as times advance. Moreover, they profess that as they get old, they are likely to lose their ability to enjoy anything since they will be overwhelmed by ailments and age-related disease. Therefore, it is quite practical to enjoy the exploits of hard work now, rather than waiting for some distant future. Besides this, there is another lobby that considers maintaining its social status and enjoying the facilities available in the present times. 

On the other hand,some refute the notion and believe in creating savings for a secure future. They believe in the saying that one should always be prepared for the worst, and for that they must keep something aside for the rainy days to be able to negotiate unannounced crises and harsh times. Similarly, many also feel that without savings, one cannot plan a better future; hence, it is important to keep a part of earnings aside, so as to fund investments in higher education for children, bigger houses, and  creating financial reserves for  a comfortable post-retirement life.   

Overall, even though both the views are true in their virtue, I feel that one should enjoy life and use earning for fulfilling their desires. However, savings should also be part of the monthly budget to cushion the future..

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.

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.

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.

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.

 

Ielts Essay - Spending or Saving Money?

“To be thrifty or to be prodigal”, has been an eternal dilemma for humans. People with disparate opinions have always lived at poles; each criticizing viewpoints of others, but is it really worth it to save money for days to come, or spend it to experience delights of life?    

Saving money for later has always been the first sermon a child receives from parents. This has several deeply embedded benefits: it makes people think prudently in every walk of life, and stay away from extravagancies. Such households always turn out to be quite judicious, and can bring around numerous benefits for the society as a whole too: an economy gets critical funds from investments made by way of long term savings.

Moreover, savings are a great way to secure future. Money put into reserves, or into some schemes that help preserve funds enables creation of a cushion for bad times, especially for coping up with emergencies, like illness, accidents, unemployment, etc.  Moreover, people habitual of setting aside some part out of their earnings can make use of savings to live life comfortably later.

However, many are averse to keeping aside financial resources for future consumption since there is a growing insecurity among people regarding their future. This can be attributed to uncertainty about the future due a stressful and a busy life where people have little time to fulfill their family obligations, so they spend extravagantly on every little occasion they get to celebrate. Moreover, as people grow old, they may be inflicted with some disease which may rob them of opportunities to enjoy, so they enjoy in the present.

Henceforth, I conclude, being thrifty is surely a good practice, but being a miser is something that should be avoided.