Nowadays, it’s common to see the young people squander their money on keeping up with the latest trend, purchasing high-priced items to post on Instagram, Facebook. . . etc or even enjoying a lot of luxurious vacations which cost a fortune. Moreover, it’s not rare to see some youngsters chasing an affluent lifestyle regardless of their bad financial conditions.
There are some reasons for this wasting- money habits. Thanks to the development of society, young people are now living in a peaceful world full of convenience and wealth. They now do not have to suffer from the miserable life as their ancestors did. So their squandering habits are easily understandable. In addition, the YOLO lifestyle ( You Only Live Once) has become a popular trend recently. A lot of young people unconditionally pursue this lifestyle which supports the opinion “After all, if you live only in the now, you do not have to worry about the tough tasks of saving money, investing, or making critical financial decisions for your future. ” Finally, the Internet and social media are absolutely the biggest reason for this habit. The Internet and social media have exposed the youngsters to large amounts of images of desirable costly lifestyles. This reason provokes young people to express themselves with the aim of proving their ability to afford the same lifestyles.
However, in the long run, squandering money habits can lead them to adverse consequences. Following the wasting money habits on brand new items or some costly trend can drive them to bankruptcy after they have lost control of spending money. When some unexpected things occur, such as an accident, not saving money is exactly a bad choice. Especially in this Covid-19 pandemic, there are a great number of people, mostly young people are unable to make ends meet and have to receive subsidies from the government. Besides, when young adults become parents, they will be aware of why they should not waste money. There will be a lot of responsibilities that the young have to face and only when they experience it will they have another perspective on this issue.
Their outlook on this issue is quite difficult to change at this age due to their too big ego. But in the long run, they might acknowledge their squandering habits and change them.
Nowadays, it’s common to
see
the
young
people
squander their
money
on keeping up with the latest trend, purchasing high-priced items to post on Instagram, Facebook.
.
.
etc
or even enjoying
a lot of
luxurious vacations which cost a fortune.
Moreover
, it’s not rare to
see
some
youngsters chasing an affluent
lifestyle
regardless of their
bad
financial conditions.
There are
some
reasons for this wasting-
money
habits
. Thanks to the development of society,
young
people
are
now
living in a peaceful world full of convenience and wealth. They
now
do not
have to
suffer from the miserable life as their ancestors did.
So
their squandering
habits
are
easily
understandable.
In addition
, the YOLO
lifestyle
(
You
Only
Live
Once) has become a popular trend recently.
A lot of
young
people
unconditionally
pursue this
lifestyle
which supports the opinion “
After all
, if you
live
only
in the
now
, you do not
have to
worry about the tough tasks of saving
money
, investing, or making critical financial decisions for your future. ”
Finally
, the Internet and social media are
absolutely
the biggest reason for this
habit
. The Internet and social media have exposed the youngsters to large amounts of images of desirable costly
lifestyles
. This reason provokes
young
people
to express themselves with the aim of proving their ability to afford the same lifestyles.
However
, in the long run, squandering
money
habits
can lead them to adverse consequences. Following the wasting
money
habits
on
brand new
items or
some
costly trend can drive them to bankruptcy after they have lost control of spending
money
. When
some
unexpected things occur, such as an accident, not saving
money
is exactly a
bad
choice.
Especially
in this Covid-19 pandemic, there are a great number of
people
,
mostly
young
people
are unable to
make
ends
meet
and
have to
receive subsidies from the
government
.
Besides
, when
young
adults become parents, they will be aware of why they should not waste
money
. There will be
a lot of
responsibilities that the
young
have to
face and
only
when they experience it will they have another perspective on this issue.
Their outlook on this issue is quite difficult to
change
at this age due to their too
big
ego.
But
in the long run, they might acknowledge their squandering
habits
and
change
them.