There are people who enjoy spending money. They simply cannot resist the urge to splurge. There are also people who believe in saving every penny they earn. In my opinion, neither approach is correct.
It is impossible to get something for nothing. We have to earn money to live comfortably. There are certain expenses that cannot be done away with. For example, we all need food to eat and clothes to wear. We also have a responsibility to take care of our dependent children, parents and spouse. All of these are good reasons to spend money.
However, I am against spending money just for the sake of it. There are people who spend every penny they earn. They buy things without even bothering to check whether they actually need them. While spending might give them some momentary pleasures, they will soon find themselves in deep financial problems. There is no harm in enjoying life by going on a holiday or buying latest fashion clothes or accessories. However, one must ensure that one is not spending more than one can afford. Also, emergencies may arise any time. For example, one can fall ill or lose job. It is impossible to tide over such crises without adequate savings.
Just like some people enjoy spending, there are also some people who enjoy saving. In their relentless quest to save as much as they can, they deprive themselves of the little pleasures in life. These people may have huge bank balances but they fail to enjoy life. Life is short and no one can carry their savings with them to the other world. It is therefore pointless to save all the money one earns without enjoying the little pleasures of the world. Happiness, after all, is the biggest wealth.
To conclude, the very purpose of earning money is to lead a comfortable life. This requires one to save and spend in the right amounts.
There are
people
who
enjoy
spending
money
. They
simply
cannot resist the urge to splurge. There are
also
people
who
believe in saving every penny they
earn
. In my opinion, neither approach is correct.
It is impossible to
get
something for nothing. We
have to
earn
money
to
live
comfortably
. There are certain expenses that cannot
be done
away with.
For example
, we all need food to eat and clothes to wear. We
also
have a responsibility to take care of our dependent children, parents and spouse. All of these are
good
reasons to spend money.
However
, I am against
spending
money
just
for the sake of it. There are
people
who
spend every penny they
earn
. They
buy
things without even bothering to
check
whether they actually need them. While
spending
might give them
some
momentary pleasures, they will
soon
find themselves in deep financial problems. There is no harm in enjoying
life
by going on a holiday or buying
latest
fashion clothes or accessories.
However
, one
must
ensure that one is not
spending
more than one can afford.
Also
, emergencies may arise any time.
For example
, one can fall ill or lose job. It is impossible to tide over such crises without adequate savings.
Just
like
some
people
enjoy
spending
, there are
also
some
people
who
enjoy
saving. In their relentless quest to save as much as they can, they deprive themselves of the
little
pleasures in
life
. These
people
may have huge bank balances
but
they fail to
enjoy
life
.
Life
is short and no one can carry their savings with them to the other world. It is
therefore
pointless to save all the
money
one
earns
without enjoying the
little
pleasures of the world. Happiness,
after all
, is the biggest wealth.
To conclude
, the
very
purpose of earning
money
is to lead a comfortable
life
. This requires one to save and spend in the right amounts.