▶ Your Answer :
Currently, world is changing rapidly and people tend to live with high standard of living. Especially in 21st century, society has changed and human-beings tend to live for the wealth due to the mind-set of mammonism. So, it is true that there is existence of discrimination around the wealth. Hence, people tend to over-spend their money out of their financial budget to show off their wealth. However, human-beings are not able to predict their life such as 'what is going to be happened or when is it going to happened'. Thus, I strongly agree with the statement, "It is always better to save money you earn rather than spend it right away.".
As everyone knows, emergency is not predictable. Hence, in order to break through those emergencies occurred, savings are one of the most important key. For example, every business such as ventures (start-ups), conglomerate or any type of business always have contingency planning and budgeting. This is one of the way to prevent the bankruptcy. In my personal opinion, that applies to everyone in the globe. That is why there is insurance, contingency planning and budgeting. Moreover, having fundamental amount of saving will give you stable mental-health as you do not need have so much worry.
Furthermore, tremendous amount of saving gives you a chance to purchase assets such as properties. Properties is one of the great way to invest. If the value of buildings or dwellings that you have purchased increases, it will let you earn more money. Having a properties is extremely advantageous for you as you can earn money by doing nothing. moreover, you can inherit the properties down the generation, then the whole family will be wealthy and have high standard of living from the start of their life.
In my perspective, my opinion is aligned with the statement, "It is always better to save money you earn rather than spend it right away.". It is not a bad thing to spend the money you earn right away as you can think of it as a reward. However, spending money without plannings and saving is like putting yourself in a strained and tensed situation. |