Spend money or save them?
Needs and wants in people’s lives remain insatiable as stated across the economic spectrum. This has introduced a big dilemma among people to whether saving or spending money is safe for them or not. However, it remains candid that no one knows what the future has, which means that people need not to ignore future concerns. It is therefore preferable for people to save money and remain pessimistic due a number of reasons that will be discussed in the paper.
Preliminarily, people need to be financially independent for the purpose of handling unexpected emergencies. Medical emergencies take a toll order on the lives of people as some of them fail to meet the expenses. Some of the riskier surgeries call for extreme bills, which may force one to seek assistance (Leonard, 2008). Instead of waiting for humiliating incidents of borrowing money, people should consider saving schemes, which may allow them to counter medical expenses and other emergencies. However, some of the people may sound optimistic and ignore such emergencies. The ignorance is riskier and troubling in the face of the unfortunate.
Secondly, youngsters would want to enjoy every minute of life. They even forget that parenting is about to knock at their doors thereby inviting more responsibilities. The pattern of life requires youths to be responsible, which requires them to be responsible at one point in their life. Apart from the anticipated parenting, the old age expect pensions to play their side. To avoid living a pensionable life in old age, saving may be the absolute way (Konrad, 2009).
In conclusion, the discussion has outlined reasons as to why saving money is more advisable. These include serving emergencies, prepare for parenting and avoiding pensionable life. Therefore, saving is safer than spending.
