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

 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

A majority believe in saving a lion’s share of their earnings rather than spending it, but there are those who deny this fact and preach consuming it. In my opinion, having reserves is important for future needs, but  nonetheless performing some expenditures is also necessary for enjoying life.

Having more in the form of savings is crucial as this can have a profound impact on the present and the future. For example, with every passing year, inflation is rising and prices are spiraling, making it imperative to create a buffer to cushion for increased cost of living later. Also, Illness is another factor that requires a huge amount of money, as medical facilities are getting expensive day by day and affording them is becoming a luxury for many. Thus, keeping aside something for the rainy day has become the need of the hour as it can render financial stability and assurance of a secure future. This practice and thought has  dominated society since ages, and people have yielded rich benefits.  

However, some are skeptical of the former approach, and profess following a lifestyle which is more relaxed, that entails spending a greater ratio than conserving money. This way of living is more concerned with enjoying life in the present and improving its quality. Such people are wedded to the thought that they have all the privilege to enjoy the exploits of their hard work. Moreover, since  the future is uncertain, there is little rationale to worry about the later years and sacrifice today for tomorrow. 

To conclude, both approaches toward life have their pros and cons, but savings is more crucial for a better and safer future than spending huge amounts on things that will bring no value and contribute towards an unstable future.

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. 

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

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

A majority believe in saving a lion’s share of their earnings rather than spending it, but there are those who deny this fact and preach consuming it. In my opinion, having reserves is important for future needs, but  nonetheless performing some expenditures is also necessary for enjoying life.

Having more in the form of savings is crucial as this can have a profound impact on the present and the future. For example, with every passing year, inflation is rising and prices are spiraling, making it imperative to create a buffer to cushion for increased cost of living later. Also, Illness is another factor that requires a huge amount of money, as medical facilities are getting expensive day by day and affording them is becoming a luxury for many. Thus, keeping aside something for the rainy day has become the need of the hour as it can render financial stability and assurance of a secure future. This practice and thought has  dominated society since ages, and people have yielded rich benefits.  

However, some are skeptical of the former approach, and profess following a lifestyle which is more relaxed, that entails spending a greater ratio than conserving money. This way of living is more concerned with enjoying life in the present and improving its quality. Such people are wedded to the thought that they have all the privilege to enjoy the exploits of their hard work. Moreover, since  the future is uncertain, there is little rationale to worry about the later years and sacrifice today for tomorrow. 

To conclude, both approaches toward life have their pros and cons, but savings is more crucial for a better and safer future than spending huge amounts on things that will bring no value and contribute towards an unstable future.

 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.