7/20-IELTS Writing Task -Aurora

Saving money is important issue for everyone, especial young people, in the society. Some people intend to save money now for their future so they don’t spend a lot of money consuming too much additional goods ,while some people prefer to spending money rather than saving money. In my opinion, I agree with (the standpoint) that people need to save money for their future.

On one hand, the habit of saving money helps people secure financial stability throughout their lives. They can invest several kinds of assets, such as stocks and real estates, to create passive income streams. In that case, they don’t stand much stress when they start a business or make financial decisions. For example, my grandfather saved a lot of money and bought several houses when he was young so he doesn’t worry about his life quality and daily expenses of my family. It credits to that he built a long-term financial plan when he was young.

However, some people consider enjoying their lives now is more beneficial than saving money. In that case, these guys usually consume luxury goods or take a trip(travel) abroad by spending money they earn. For example, my mother always buy something she doesn’t need and doesn’t plan her financial goals. As a result, she really regrets her behavior because she finds out that she have no money when she make the important financial decision.

In conclusion, although people have some questions about whether they need to save money now, I think this is crucial for us to develop a great habit of saving money now.