Nowadays it is becoming a habit for many people to spend their money as soon as they get it. I believe this is an extremely negative habit for the reasons explained below.
To begin with, this trend is harmful as Saving is an utterly necessary part of human life. It is important to save money as this helps in dealing with any negative situation or requirement that may come up in the future. For instance, it could be an emergency medical expense, or the fee for a college degree that may require one to draw from ones saved money. Whatever the case is, spending money Immediately can deprive one of these much needed benefits in the future, and should thus be avoided in favour of a secure future ahead.
Moreover, this level of immediate extravagance can also impact the coming generation negatively. To explain, children learn many important skills in life from their parents, one of which is saving. But children brought up in families that do not save, do not get to learn this necessary skill themselves. What this means is that not saving in the present moment can lead to complication for the coming generations in the far future. Thus, such a behaviour should be seen as negative as it jeopardizes the future of the generations ahead.
In conclusion, spending money as one gets it is a destructive tendency as it might deprive both the present and the future generations of monetary leverage during the crucial phases of life
Nowadays it is becoming a habit for
many
people
to spend their
money
as
soon
as they
get
it. I believe this is an
extremely
negative
habit for the reasons
explained
below.
To
begin
with, this trend is harmful as Saving is an
utterly
necessary part of human life. It is
important
to save
money
as this
helps
in dealing with any
negative
situation or requirement that may
come
up in the
future
.
For instance
, it could be an emergency medical expense, or the fee for a college degree that may require one to draw from ones saved
money
. Whatever the case is, spending
money
Immediately can deprive one of these
much needed
benefits in the
future
, and should
thus
be avoided
in
favour
of a secure
future
ahead.
Moreover
, this level of immediate extravagance can
also
impact the coming generation
negatively
. To
explain
, children learn
many
important
skills
in life from their parents, one of which is saving.
But
children brought up in families that do not save, do not
get
to learn this necessary
skill
themselves. What this means is that not saving in the present moment can lead to complication for the coming generations in the far
future
.
Thus
, such a
behaviour
should be
seen
as
negative
as it jeopardizes the
future
of the generations ahead.
In conclusion
, spending
money
as one
gets
it is a destructive tendency as it might deprive both the present and the
future
generations of monetary leverage during the crucial phases of life