Topic 4: Some people think that it is best to save money, for example in a bank or savings scheme. Other people feel that money should be spent whenever it is available. Discuss these views and reach an opinion on this debate.
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Spend money now or keep it for the future needs
Spending in the present or saving money for future has been a topical debate for a long time. I will discuss some valid arguments and give a personal opinion in the following essay.
On the first perspective, spending money, the supporters presume that, in the present society, we have to pay a lot of daily costs such as food, drinks, house renting and consumer items, so spending is inevitable. Moreover, when we spend money, we also help the cash in economy flows influent; by that way, we increase the economy, create more jobs for the job market and currently solve one of the most serious dilemmas in the world - unemployed issue. Besides, we only live once and if we ponder too much about future and forget to enjoy a flavor of present life, this is a bad idea. If spending money can make our life easier and bring happiness for us, why don't we use it like tools to develop our life?
However, in the other school of thought, people who advocate saving money acclaim because money is the tool to get the easier life, we have to exploit it efficiently. We live in the turmoil world and everything will happen such as getting fired, having a disease or relating financial crisis; in those urgent circumstances, the saving money is essential. Turning to the daily unavoidable costs, we can't refute those; however, we can control how to spend money and saving is the greatest method to teach youngsters about financial management skill. That skill is the predominant key to help them get the success in future. Finally, in macroeconomic aspect, the most fundamental reason for the crisis in 2007 is personal individuals, corporators and governments can't control their spending and exceed the real budget; this creates the big hole in the currency economic.
Overall, in my personal opinion, I extremely agree that we should save money for rainy day because of some unpredictable issues in future. Besides, the small reservation is the good start for some long-term schemes such as start-up, buying a house.