The primary goal for most people when they become adults is to get a job and earn money. Though they have the same goal, people have different preferences as to what they do with their money after they earn it. Some people prefer to spend and enjoy their money as they earn it, but there are other people who think it is better to save their money for the future. There are two common sayings, and each supports one of the two attitudes. When referring to money, the first saying tells us to “save it for a rainy day.” The other saying, which is more lavish in its nature, encourages us to spend money by saying that we should “live it up”.
The major advantage to saving money is that it provides us with security. We always think that money in the bank will help us out during harsh times in life. Saving money is also a way of planning ahead. Most people keep a certain goal in life when saving money. If one does not “save it for a rainy day” but instead decides to “live it up” and spend all their money then they are more likely to face financial difficulties in the future. In this way, people who spend more than save do not take the opportunity to plan ahead for the future.
The major advantage to saving money is that it provides us with security. We always think that money in the bank will help us out during harsh times in life. Saving money is also a way of planning ahead. Most people keep a certain goal in life when saving money. If one does not “save it for a rainy day” but instead decides to “live it up” and spend all their money then they are more likely to face financial difficulties in the future. In this way, people who spend more than save do not take the opportunity to plan ahead for the future.
