Spending Wisely and Getting Into the Habit of Saving From an Early Age is Important IELTS Writing Task 2

Nobody can predict the future, so nothing can be guaranteed. To ensure a bright future, one should only make sensible financial decisions. Although spending money is essential for survival, it may also be lethal. Smoking may appear to be a very cool way to reduce stress, but it actually costs you money because it destroys the money you've worked so hard to earn and causes a disease that costs money to treat.

Teenagers are making investments in mutual funds and the stock market in an effort to make enough money to live luxuriously. It's good to take in every moment, but you'll be worry-free if you have enough money to last a few days. So a man can live happily by planning his future with a sound financial strategy. Many students borrow money for their studies in the form of student loans. They must, at the very least, develop a good saving habit. They can pay back the loan in this way without becoming overburdened. There will inevitably be accidents and emergencies. Plan your finances to protect you from any unnecessary accidents so that you can manage those situations. Medical insurance and life insurance are particularly helpful in this regard.

Being aware of the situation will enable you to make the necessary financial preparations. One can develop a good habit of saving money just by spending money on things that are truly necessary. Only invest in areas where you can profit from your decision later. Spending and saving are continually cyclical in nature. To sustain life, you need money very much. For survival, food must be purchased. Early money management skills will benefit you in life and in your later years.

It will help you in your adults and old age also. Being strong in aspects of money always gives a sense of freedom. He no longer feels like a burden to his family or anyone. So to become independent in all aspects one must have enough money to keep going in his own life and can make a change in others also. Spending money wisely is also important. Suppose one has lots of money but can’t handle it properly, then it will be of no use at all. He will eventually spend all his money and will have no money in his crisis.

So having a lot of money is not that much of a big deal, unlike maintaining and saving that money properly. One can do this by only spending on necessary things. Avoiding unnecessary cool things can help you grow your money. Making proper priorities can help you a lot. For instance, suppose you want something influenced by your friends and do not have enough money. Then, you should give it some amount of time to think if it is really a need or just a show-off. After you decide, then do accordingly. In this way, you learn how to be a minimalist and live happily, therefore, spending money on the most needed things. These small habits will help you in saving money for your crisis days.

Being aware of the value of money at an early age is itself a big deal. Knowing the value of money one must take very vital steps to maintain the flow of money and save money properly for crises. In this fast era of networking, men just forget to care about their health. There is no guarantee of a breakdown of health. So one must have enough money to tackle that. Taking responsibility for a family also requires the proper use of money. Firstly, one must know how to earn a handsome amount of money to support his family.

Secondly, how to save the rest of the money for future needs. Thirdly, how to save some extra money after maintaining all the responsibilities to enjoy his own passion and build his dream life. In this way, there will be a healthy relationship between money and responsibilities which will help him to live a good life. Making a proper spending plan will increase his savings. Buying those things which can give him a profit, in the long run, can help him to earn money. Make necessity the baseline, and you will find the enormous power of small habits in making money. Thus, we can say spending money on the most needed things and saving money from that is a healthy habit to run a long stress-free life.