Part 2:
When you save a lot of money, you can earn interest from the bank. Each bank has multiple interest plans to choose from so you are able to choose the option that best fits your situation and income. Interest may seem like not a big deal, however, the longer you save money in the bank, the more interest you will earn and this will become enough to help you gain access to more opportunities to be successful.
In conclusion, I prefer to save money in my bank for a more enjoyable life and to earn some extra money from interest. I believe, to be more successful in your life, saving money is the first step.
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Coming from a relatively affluent background, I have to disagree with your argument that saving large amounts of money in the bank will allow you to live a luxurious life because nobody will become rich doing that. The accrual of bank interest is extremely slow so it is much better to invest in stocks rather than let all of your spare earnings sit in a bank until you need them. There is also inflation which makes any profit from bank interest negligible. To pay for things like college and marriage ceremonies, businessmen sell only as much stock as they need to because any money in the bank is not working efficiently for you. Your English is good but your essay is weak and demonstrates a lack of education in finance.
Is it better to enjoy your money or is it better to save <s>the</s> money for future use?-Toefl
It is always difficult to <s>take</s> balance how much to spend and how much to save in your bank. Although there are people who don't save money and prefer to enjoy life in the moment, it is wiser to save money in the bank. To support this idea, I'm going to talk about two scenarios, one where you need to prepare a large sum of money and another where you can earn interest by saving money in the bank.
In a life time there are some events that you have to prepare large money for such as marriage, traveling and enrollment in university. When the time comes, if you can't pay in full you will need to get a loan. Loans are a little bit tricky because the money you have to pay back will increase as time passes. <s>While you have loan, you have to save most of your income just for earlier settlement.</s>(?) In my experience, there are many people who fail to pay their loan because they can't save enough money in their bank account. <s>If you had saved enough money in bank, you may be able to pay when it's necessary.</s>(Meaning is unclear)<s> </s>Saving money will give you more opportunities for a luxurious lifestyle later on, therefore, I prefer to save money to prepare for some time in the future.
