Some people like to spend their money as soon as they earn it, while others think it is better to save their money for some time in the future. Which do you prefer? People have different styles of spending money. Some tend to save a part of their earnings for the future, while others are keen to seize the day and splurge their money. As far as I am concerned, I prefer the former approach because it forces people to spend more wisely and allows for financial problems that might arise. First of all, I believe people with saving habits are more likely to focus and spend money on really important things in life, such as houses, travel, and education, which often require a long-term saving plan. For example, house may cost a family ten years’ income, so we cannot afford one if we buy everything we want and run out of money every year. So does our children’s tuition. (You don’t add anything to this idea) Cutting spending on luxury handbags won’t affect our lives much, yet missing out on a dream house because of a lack of money might cause some real problems. Secondly, life is an adventure, and we don’t know what risks lie ahead of us. Therefore, I think it is essential to save money and get prepared for anything unpredictable, such as unexpected unemployment. The Covid-19 pandemic has caused many people to lose their jobs. Some have been able to survive on their savings, while others don’t have enough to feed their family, and that must be devastating. In short, I support the idea of saving money for the future instead of spending all our money immediately because we need to amass money and use it for significant matters. In addition, we also need to be prepared for the unforeseen.

Some people like to spend their money as soon as they earn it, while others think it is better to save their money for some time in the future. Which do you prefer? People have different styles of spending money. Some tend to save a part of their earnings for the future, while some are keen to seize the day and splurge their money. As far as I am concerned, I prefer the former. My statement is supported by two main reasons. First of all, I believe people with saving habits are more likely to focus and spend money on really important things in life, such as houses, travel, and education, which often require a long-term saving plan. For example, a house may cost a family ten years’ income, so we cannot afford it if we buy everything we want and run out of money every year. The same goes for our children’s tuition. Cutting money on some luxury handbags won’t affect our lives much, yet missing out on a dream house because of a lack of money might cause some real problems. Secondly, life is an adventure, and we don’t know what risks are ahead of us. Therefore, I think it is essential to save money and get prepared for anything unpredictable, such as unexpected unemployment. The pandemic of Covid-19 has caused many people to lose their jobs. Some can survive with their savings, while some don’t have anything to feed their family, and that must be devastating. In short, I support the idea of saving money for the future instead of spending all our money because we need to collect money and put it into significant matters. In addition, we also need to get prepared for the unforeseen.