It is important for everyone, including young people, to save money for their future. To what extent do you agree or disagree with this statement?
Saving up for the future is highly suggested as the optimal course of action for people, particularly young individuals who are on the cusp of starting their independent life. While there is a common philosophical notion which states that living in the moment is indispensable for life-long happiness, I argue that unpredictability of what might occur in the future can only be addressed through financial stability and years of gradual savings and that striking a balance between saving and spending assists in gaining enjoyable experiences and also tending to unfortunate scenarios in the coming years.
On the one hand, the concept of taking pleasure in the present moment has roots that stretches back along the human history, and the key reasons why it is widely emphasized in every society are various, ranging from cultural beliefs to current global issues. Obviously, many ancient cultures popularized the idea of enjoying oneself to the fullest by any means, including spending financial resources on pleasurable experiences, thereby promoting this practice among members of a given society. Afterwards, it has remained at the centre of humans’ lives. One another yet equally important motive for expending excessive monetary resources on exhilarating activities is the fear of worldwide calamities in view of current political affairs and environmental issues. Frightened that wars might break out or that the planet will be incapable to support life anymore, some people set a fundamental goal of having as much fun and joyous moments as possible.
However, I believe that sudden financial upheavals are bound to emerge sooner or later in later life, requiring urgent action. Under these circumstances, people who have begun saving a certain amount of money on, for instance, a monthly basis early in life succeed in overcoming hurdles. One perfect example is the period during which young adults face financial constraints at a university. While students are reassured knowing that their savings will be of great assistance to pay student loans, others who have focused on immediate pleasure will resort to working a part-time job, which ultimately deteriorates their academic performance. Alternatively, predicting when illnesses are likely to appear or investments have to be briskly made is an inherently challenging task, and finance has to be directed into each issue.
Moreover, a solution that can potentially enable everyone, including young teenagers, to both have savings and achieve happiness in the moment is maintaining a balance in terms of the quantity of money spent and stored. For as long as a negligible quantity of money is expended on luxury items with people tracking their everyday spending and saving for their future, a balanced approach will be integrated into their routines.
In conclusion, human cultures, from ancient times, have cultivated the notion of living in the moment, which focuses on gaining enjoyable insights; though, in my opinion, financial security achieved through continuous savings is necessitated to cope with unpredictable situations. Additionally, balance had better be imposed to so that life-long satisfaction and sufficient savings can each be obtained.
498 words (Sorry! I was too obsessed with explaining my ideas. Anyways, I don't care as long as it is practice)
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