Band 6.5 - it is important for eveyone to save money including young people for the future. To what extent do you agree or disagree with this statement? - Solved

Saving money is a beneficial habit for everyone which could improve people's life condition in their future, I totally agree with this point of view. Moreover, youth should be financial educated and save their money for essential things.

I agree, that it is necessary to people save money for important assets, such as housings and vechiles, rather than waste them to no useful items. Nowadays there are widespread deposits, which help people save their savings rationally and get saving bonuses. Moreover, by saving money and earning additional bonuses earnings will rose slightly. For example, at current time I have a practice of money saving in the bank and the despite the rising inflation, I am able to pay almost 50 percent of the cost of housing and after several years sell with double price. It's obvious that saving money, a young age leads to convenient and Carefree  life in the future.

Other crucial reason of saving income is a “safety cushion”. Wotht each year we become mature and we are no idea of situation which we can't face in the future and everyone should be prepared for every critical, difficult period financially. As a good example is a covid period where a majority people were failed from their permanent jobs and they had a necessity of money.

Wrapping up, all generations despite the age should be financially educated and have a knowledge of beneficial ways to save money and this habit simplifies their future.