Nowadays people a considerable number of people tend to spend money instead of saving. The reason for this is in the age people are more curious to make their lives standard. thus could be detrimental for the individual and the whole family. To commence with in this modern age most of the population cast away their salary to buy standard things like new phones, cars etc. The reason for this is the society where a person live is modernising day by day and to fit in such a modern and advance society he/she spend more and more money. For example every year new version of iPhone comes in the market and people buy that new phone to just showoff. Secondly most of the youth have shopaholic behaviour, they buy things which they even don't need. For instance they may have number of dresses and shoes but whenever they visit market they obviously buy one more. This result in empty pocket in the end of the month. However this tendency of spending money have negative consequences for the individual and the whole family. To elaborate if a person meet any unexpected circumstances such as accidents or illness it will be very difficult to manage money at a time. Then the individual will borrow heavy amount of cash which will too much burden to return later. I addition saving money is wise strategy and this strategy relieves an individual for the coming periods. The saved income will be used in education, health or other useful purpose To sum up the reason of wasting money are to keeping up with rising standard and also spending money on worthless things. This should be stopped to ensure better future.
Nowadays
people
a considerable number of
people
tend to spend
money
instead
of saving.
The reason for this is
in the age
people
are more curious to
make
their
lives
standard.
thus
could be detrimental for the
individual
and the whole family. To commence with in this modern age most of the population cast away their salary to
buy
standard things like new phones, cars etc.
The reason for this is
the society where a person
live
is
modernising
day by day and to fit in such a modern and advance society he/she spend more and more
money
.
For example
every year new version of iPhone
comes
in the market and
people
buy
that new phone to
just
showoff.
Secondly
most of the youth have shopaholic
behaviour
, they
buy
things which they even don't need. For
instance they
may have number of dresses and shoes
but
whenever they visit market they
obviously
buy
one more. This result in empty pocket in the
end
of the month.
However
this tendency of spending
money
have
negative
consequences for the
individual
and the whole family. To elaborate if a person
meet
any unexpected circumstances such as accidents or illness it will be
very
difficult to manage
money
at a time. Then the
individual
will borrow heavy amount of cash which will too much burden to return later.
I addition
saving
money
is wise strategy and this strategy relieves an
individual
for the coming periods. The saved income will be
used
in education, health or other useful purpose To sum up the reason of wasting
money
are
to keeping
up with rising standard and
also
spending
money
on worthless things. This should be
stopped
to ensure better future.