In this day and age, millennials spend a humungous amount on diverse goods since they remunerate more as compared to the past. This essay will outline that this trend has positive growth, such as people can fulfill their aspirations, and negative impacts, such as they will face rainy days if they spend money lavishly.
On the bright side, the primary advantage of expenditure on the valuable items is that people can buy anything whatever they want. To specify, individuals are used to purchasing modern attires, advanced types of technological equipment, new mobile phones to meet their demands. Moreover, today’s generation enjoys memorable moments by watching movies with their loved ones. Besides this, the majority of families organize special events, for example, birthday, and wedding parties; although it consumes an enormous budget, it renders an opportunity to spend quality time with family and friends. For instance, we all have one life, and a famous Epicurean Philosophy of Life states that earn, spend, and enjoy life.
On the dark side, expenditure on distinct things has downsides as well. Firstly, if people utilize their cash on unnecessary things, they will struggle a lot in terms of funds once they get old because they will unable to enjoy dignified and self-reliant life. Rather than spending on invaluable items, they should provide higher education to their children in prestigious schools as children are the future of parents. Secondly, kids learn plenty of moral values from their parents, so they can merely save money provided their parents do this. Hence, parents’ habits also affect their kids. A recent survey conducted by Oxford University reported, wealthy persons, spend one-third part of their earning luxuriously, which they could pay for their child education.
To conclude, the outlay on important and unimportant things has merits, as well as demerits; however, people should spend valuable money wisely in order to secure their future.
In this day and age, millennials
spend
a humungous amount on diverse
goods
since they remunerate more
as
compared to the past. This essay will outline that this trend has
positive
growth, such as
people
can fulfill their aspirations, and
negative
impacts, such as they will face rainy days if they
spend
money
lavishly
.
On the bright side, the primary advantage of expenditure on the valuable items is that
people
can
buy
anything whatever they want. To specify, individuals are
used
to purchasing modern attires, advanced types of technological equipment, new mobile phones to
meet
their demands.
Moreover
,
today
’s generation enjoys memorable moments by watching movies with their
loved
ones.
Besides
this, the majority of families organize special
events
,
for example
, birthday, and wedding parties; although it consumes an enormous budget, it renders an opportunity to
spend
quality time with family and friends.
For instance
, we all have one life, and a
famous
Epicurean Philosophy of Life states that earn,
spend
, and enjoy life.
On the dark side, expenditure on distinct things has downsides
as well
.
Firstly
, if
people
utilize their cash on unnecessary things, they will struggle a lot in terms of funds once they
get
old
because
they
will unable
to enjoy dignified and self-reliant life.
Rather
than spending on invaluable items, they should provide higher education to their children in prestigious schools as children are the future of
parents
.
Secondly
, kids learn
plenty
of moral values from their
parents
,
so
they can
merely
save money provided their
parents
do this.
Hence
,
parents’
habits
also
affect their kids. A recent survey conducted by Oxford University reported, wealthy persons,
spend
one-third part of their earning
luxuriously
, which they could pay for their child education.
To conclude
, the outlay on
important
and unimportant things has merits,
as well
as demerits;
however
,
people
should
spend
valuable money
wisely
in order to secure their future.