▶ Your Answer :
Some people think that using money at the moment when it is earned is more efficient. However, in my opinion, people should save up money for the future. This is preferable because people might need a bigger amount of money in life and they should have money for the occurrence of an emergency situation. To begin with, in the future people will probably need big amount of money. To be more specific, some of the important things in life such as house, car, wedding, and so on are expensive. In order to offord these, people should store some of there money on their savings. For example, when I had my wedding. The cost was very expensive. The amount of money that I needed for the wedding was much more expensive than the money I earn every month. Before the wedding I saved up my money for 3 years. After that 3 years I was able to take the wedding that me and my wife wanted. If I did not have those savings, I wouldn't have the ability to take my wedding with my wife. On top of that, just in case of an emergency situation, people should have some savings. The emergency situation can happen in any time. In order to prevent themselves from getting bankrupt people should have some reliable savings. For example, there was a time when my family had to suffer from sudden accident. My fathers business got declined and it went bad very fast that my father had to close up the business. However, since my father had savings, our family was able to survive for more than 2 years without earning any money. Also, that 2 years gave my father the time to stand up again. If it wasn't for my father's savings, our family would have suffered a severe poverty. To sum up, in life people will have a moment when they have to spend a lot of money and might suffer from sudden accident. In this regard, people should save up certain amount of money for the later future. |