It is important for everyone, including young people, to save money for their future. To what extent do you agree or disagree with this statement
It is important for everyone, including young people, to save money for their future.
To what extent do you agree or disagree with this statement
Recently, there has been an ongoing debate, whether is it necessary for everyone, including the younger generation to control their expenses and maximise their savings for their future. This essay will argue on why people from all age groups needs to plan their budget to save up for their future.
Firstly, let us take a look at modern era requires basic essential expenses such as housing, food, clothing – things that are important for human survival, and some additional expenses such as entertainment activities are considered as part of the need.
However, if a young individual can't distinguish between their needs and wants, there is a high possibility that they won't be able to control their budget and will end up not saving a significant amount of money for the future.
In addition, some members of nowadays's younger generation don't consider saving and controlling spending to be important to them. This mistake and way of thinking can be corrected if the inclusion of financial topics in their curriculum as well as ways of planning spending or managing budgets are strongly instilled during their academics stage.
In conclusion, saving is important for every individual regardless of age. Money management education for young people is essential so they can plan their spending appropriately according to their budget.
