Some people think that it is best to save money for example in a bank or savings schemes. Other people feel that money should be spent whenever it is available, discuss these views and reach an opinion on this debate.*
The role of money in life has never been this important. The right approach to deal with money (i.e., spending vs. saving) has always been controversial. Some people believe that saving money is a better decision than spending it. However, I disagree with this point of view. Below I explain my reasons for disagreeing with this opinion.
It has always been said that the secret to a happy life is to live in the moment. Nowadays, most of the activities and leisure that can make people have fun and pleasure are not free (e.g., concerts, restaurants, and vacations). Moreover, spending money can bring safety and security. For example, buying a house or an apartment in a safe area of a nice city or buying a car with modern safety technology can definitely improve one’s quality of life. Therefore, being open to spending money on good products and services is significantly causing people to have a better life.
Saving money does not always guarantee that we could later enjoy the money at the same level. Nobody can ensure that he or she will be alive to benefit from the saved money. Furthermore, there is usually inflation in many countries, which means that the value of money decrease over time. As a result, in order to get the most benefit from the money, spending it is always a safer option than saving it.
In conclusion, while saving money can help people to be calmer and more assured for the future, I believe that spending money is a better decision and can better contribute to individuals’ happiness and quality of life.