Should We Spend Money Or Save It For The Future? IELTS Writing Task 2

The motto "work hard, party harder" means to put in work during the week and have fun on the weekends. It was born in the west, where this attitude is very common. For instance, while I worked in the United Kingdom, I barely ever overheard people talking about saving money for the future. Instead, they preferred to spend their money on weekly parties or monthly trips. Additionally, they don't think saving is a good idea because their government offers them numerous perks after retirement. Perks like health care, access to public transit, and biweekly pension plans. On the other hand, saving for the future has advantages of its own because it helps one become independent. Everybody at their place of employment is replaceable due to technological improvements. For basic survival in such circumstances, having extra cash is crucial. Additionally, these savings will help in the event of a health emergency for oneself or family members. For instance, the recession caused me to lose my job personally, and it took me six months to find another. I was able to go through the difficult situation on my own since I had been saving all this time. Additionally, saving for future generations is always important. As it gives them access to high-quality education, which is crucial for their ability to pursue successful careers. In conclusion, I believe in delayed gratification when one is not simply self-sufficient. Even though rapid fulfilment could bring joy at that moment. but also has a vision for the generations after them.

While this behaviour has increased throughout the most recent decades, the pandemic scenario has somewhat curbed this shopping frenzy. The promotion of new items has a constant impact on society, and the internet has shown to be the most effective vehicle for doing so. Even though some businesses have established guidelines to limit internet usage, people still spend hours each day looking for new things to purchase online. A new iPhone release, for instance, is an excuse to spend more money. And, in doing so, establish high status in the community by being the first person to use the new device. On the other hand, some people are worried about the global economy as it stands right now. Additionally, they are aware of the ideal period for stock investments and financial planning. Saving money allows a person to think more clearly about his future and is the greatest strategy to deal with financial problems. According to statistics, the majority of billionaires made their fortunes by wisely investing their funds. For instance, they could use their saved money to invest in worthwhile projects or develop a fresh business strategy. Despite the tragic tales of failures encountered along the path, success is always achieved in the end. For instance, a friend of mine invested his entire life's savings in real estate and made a fortune. He is now stress-free and remote from the metropolis. In conclusion, everyone has the freedom to live their lives any way they choose. However, only intelligent people can acquire more money by making wise use of every note and generating additional funds to retire early. Then taking pleasure in life by travelling the world or simply residing in a home by the beach.

That is the fundamental notion of living a good life that is readily comprehensible to anybody. Furthermore, spending a lot of money on a home and planning amazing events like parties can make the world happier. Therefore, a person can enjoy opulent jobs both indoors and outdoors, such as doing global trips and other such activities. It allows individuals to discover what it truly means to have a good life. According to one survey, 90% of people spend their riches as soon as they obtain them in an effort to live a luxurious present. However, some groups believe that citizens should also be ready for the repercussions of their own life. It can be accomplished by setting aside a portion of their income for unanticipated events such as unexpected health issues, serious injuries, or illnesses. They are able to use the preserved dollars in this situation without requesting financial assistance. It can also assist some family members or acquaintances who are experiencing financial difficulties. Additionally, it can be a beneficial habit since it can direct their children to choose the same road when they become independent. In addition to helping to ensure the future of their loved ones. For instance, compared to those who spend their income instantly, 60% of the population is enjoying a bright future as a result of their habit of saving money. In conclusion, I believe that people should save their money for a special present. Because it can benefit them in the different ways that have already been mentioned in order to live a long and prosperous life.