SAVING OR SPENDING

Money is an indispensable part of life. It can be used for several purposes. Some prefer saving it to reach big goals, however, some enjoy spending it instantly. Both of these preferences are a personal choice and have some good aspects, but, I think, saving money for long-term goals is a wiser way of using it.

Some people tend to use money for short-term pleasures because they believe that life is short and thus we can't know what will happen in the future. They are partly right in that life is not indefinite, but this thought doesn't mean that we should live without thinking of tomorrow. They are also right in that tomorrow is unknown but, again, that doesn't change the possibility of facing illnesses, accidents, or unemployment in the future. We should always save money for these negative situations because when we face them, our savings help us to cope with them. To exemplify, when a person needs to go to hospital for medical issues, which can happen at any moment, knowing that he is able to afford the best possible treatment for his health is a great source of relief.

On the other hand, a wise person doesn't save money for only negative situations but also positive ones. Every big goal in life such as travelling or buying one’s own house, etc. requires huge sums of money. To have this amount of money, people should save their money over the long term. Thus, in short, wise people save money, reach goals, and then feel a great sense of accomplishment thanks to their self-control mechanism.

In conclusion, although saving money is a wiser way of using it than spending it for temporary pleasures because the future is unknown, the choice of what to do with it is a personal preference. So, save it or spend it, but do that for good purposes.