▶ Your Answer :
Some people believe that it is always better to spend money right away rather than save it to enjoy their life. However, in my opinion, it is better to save money rather than consume it immediately. First, people do not know what will happen in the future so we have to prepare. Second, if people spend money right away, they can not consume it deliberately.
First of all, people always have to ready for something that might occur in the future. People can not expect all things in the future and something we could not anticipate happens. When people handle the problems, they often need money. If there is no money in your hand, you would not solve your problem easily. For example, my friend Jeff was suddenly fired at the part-time job place. Moreover, his parents said him that they could not afford to support him financially now. So he spent very hard time for a few months and later he began to save money to deal with problems such as what happened.
On top of that, if people consume money readily, their consumption might be very spontaneous and impulsive. If people save money, they can gather it and invest the proper amount of money on necessary things. Planned consumption can make people to live better and have good patterns of spending. For instance, there was a group research conducted by psychology majors. The first group consisted of people who spent money right away and the second group was composed of people who save money. The purpose of the research was to figure out their purpose of consumption and its efficiency. Spending of the first group was revealed that they almost spent their money on the pursuit and it was less efficient over 70% than the second group. Moreover, some people in the first group disappointed themselves and regretted about their spendings. The result shows that it is better to save money to spend it wisely.
To sum up, it is better to save money you earn rather than spend it right away. This is because you do not know what will happen in the future so we have to prepare and make consumption deliberate. |