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?

 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.

Saving, rather than being a spendthrift, is considered to be a better practice for making future secure and safe. Whereas many favor the above notion, a few register their disapproval.  

It is said that one should avoid squandering monetary resources; one cannot predict the future; therefore, they should be well prepared for any contingency that might arise such as medical emergencies. Moreover,  in this era, where everyone is facing uncertainty due to inflation, and are barely able to make both ends meet, keeping aside something for rainy days is quite rational; one does not have to look elsewhere, for help from others even the close ones, and thus, saving their relationships.  

Similarly, compared to the past, employment scenario has become extremely volatile due to which  creating a financial buffer by becoming a prudent spender rather than being extravagant, has become the need of the hour to ensure comfortable subsistence in case people are laid off from the work or are forced to accept reduced salaries.   

Nonetheless, those cynical to this phenomenon feel that instead of enjoying the current moments, preparing for upcoming  days sounds a little naïve, for this will not only impact their social lifestyle but will also hamper their personality and performance; always thinking of investment might turn one pessimistic due to always staying engaged in spending frugally than enjoying the present. One deserves to enjoy the exploits of their hard work by consuming comforts and luxuries, they hard-earned money can buy them. 

To conclude, I personally feel that it entirely depends upon the individual and their way of living, whether they want to opt for saving or enjoy this resource today. However, it is always advisable to set aside a small portion of earnings to surmount the unannounced challenges occurring in future.