Some people think that it is better to enjoy money when they earn it, whereas others contend that it is better to save money for some time in the future. In my opinion, Saving money for some time in the future will be better than enjoying it as soon as earn it. There are 2 reasons for this.
To start with, Saving money for some time in the future enable us to have stability in our lives. Earning money, we could save sufficient amount unless we spend all of it. When such financial crisis or a sudden occasion requiring huge amount of money happens, we will be able to deal with it if we had enough money. It is obvious that we challenge financially difficult cases many times. In 1997, economic crisis hit korea, I saw many companies went bankrupt. However, few survived, and that is all because they were having enough money to overcome the crisis. This well illustrate my point.
On top of that, Spared money will give us more choices that we can do with. If we just spent money right after when we earn, we could not do such things that need enough money more than we make. For instance, let's suppose we were going to buy a car. Car should cost a lot, and we don't have enough money because we spend it as soon as we earn. Not only case of buying a car, but we also could buy a house or go travelling abroad which normally needs a large amount of money. The more money we have, the more various choices we get. In my cases, saving more than 10000dollars, I would be able to get a bike or go to japan for sightseeing with less consideration.
To sum up, I strongly believe that It is better to save money for some time in the future because of preventing ourselves from having financial crisis and having more choices we have with enough money. Even more, as far as the trait of money that once it saved, it increases easily is considered, we should not enjoy money but save it. |