To begin with, there are several reasons for which individuals should shell out their finances. First, residents of a state should always pay taxes to their Government so that they can use them for better of their country people. Besides that when people consume any good in excess their demand will automatically go upward. For completion of such demands industry has to produce more products, eventually for which they need more manpower. Thus, it also elevate employment rate. On the flip side, reserving assets is a good investment as it help the person during the tough times. Gone are the days when there were no banks or policies available for saving the amount but nowadays there are plethora of schemes available in the market for saving purpose. Apart from that keeping money allows us to spend according to our will. To conclude, I believe that spending and saving are inter related and they go hand in hand. It is important for one to save and spend just to balance the circle of economy.
To
begin
with, there are several reasons for which individuals should shell out their finances.
First
, residents of a state should always pay taxes to their
Government
so
that they can
use
them for better of their country
people
.
Besides
that when
people
consume any
good
in excess their demand will
automatically
go upward. For completion of such demands industry
has to
produce more products,
eventually
for which they need more manpower.
Thus
, it
also
elevate
employment rate. On the flip side, reserving assets is a
good
investment as it
help
the person during the tough times. Gone
are
the days when there were no banks or policies available for saving the amount
but
nowadays there are plethora of schemes available in the market for saving purpose. Apart from that keeping money
allows
us to spend according to our will.
To conclude
, I believe that spending and saving are
inter
related and
they go hand in hand. It is
important
for one to save and spend
just
to balance the circle of economy.