The Importance of Saving Money for the Future
IELTS Writing Task 2
Response: Nowadays, everyone is surrounded by advertising which leads them to be more and more consumer. As a result, it is very difficult for the young people to save their income. While, saving money is a difficult task, it has numerus benefits for people’s lives. This essay completely agrees with the idea that individuals should save their money. This matter will be further elaborated on by scrutinizing following topics: saving money for long-term and short-term purposes in the future.
On the one hand, some believe that every one, especially young people have to save their money for their retirement periods. Although, in some countries, governments support old people, in this period, individuals need to be in safe financial conditions, due to their saving. For example, some health problems are not supported by the insurance, so people have to pay their money for the treatments. In addition, in this age, people are struggling with some mental issues due to lack of outdoor activities and entertainment, so they can invest their saving to boost their mental health, including, going on a trip and participating in entertainment groups.
Moreover, not only does saving money have certain advantages for the retirement, but it also has some benefits during the youth period. For instance, young people can save their money to invest it on improving both their personality skills and life conditions, such as learning new skills, buying a new house and having new experiences, then the quality of their lives can be increased during the time. It can be mentioned that young people should be taught to learn how they can manage their income.
In conclusion, this essay has elaborated on why saving money has significant roles in old and young people’s lives. It has explained it that old people life depends on their saving for solving both the mental and physical health and young people can use their saving to develop their current conditions.