Many people prefer to spend money and not save it. What are the reasons? Is it a positive or negative development?

Essay topics:

Many people prefer to spend money and not save it. What are the reasons? Is it a positive or negative development?

Some individuals favour to use up their cash rather than save it. Firstly, this essay will discuss the different causes of this practice and secondly, it will discuss how this is a negative development for people need to allow some money for future use.

On the one hand, there are many motives why people choose to spend all of their money. Spending can give a boost to your confidence because you know that you are capable of buying the things that you want with your own money. Others consider it as a way of relieving their stress as buying can give an immeasurable pleasure, plus some people would prefer to have a spontaneous life and that is why they don’t think about the future. For instance, a survey by the University of the Philippines in 2011 revealed that 90% of their correspondents would choose to spend all of their money rather than saving some of it for they believe that they only live once.

On the other hand, not saving your money has detrimental effects. People should learn how to save their money because we can't predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency. You will need money set aside for these emergencies to avoid going into debt to pay for your necessities. For example, an article by the Business Mirror in 2014 stated that not having enough money to pay for a medical emergency might force someone into taking out a loan, that savings might have otherwise covered.

In conclusion, in my view people should prepare for the future. Saving some of your earnings can be beneficial for it can provide you a safety net in case of an emergency.

Votes
Average: 7.3 (1 vote)
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Essays by user Khrameev :

Comments

Grammar and spelling errors:
Line 5, column 122, Rule ID: CANT[1]
Message: Did you mean 'can't' or 'cannot'?
Suggestion: can't; cannot
...earn how to save their money because we cant predict the future. Saving money can he...
^^^^

Transition Words or Phrases used:
first, firstly, if, second, secondly, so, for example, for instance, in conclusion, you know, in my view, on the other hand

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 5.0 13.1623246493 38% => More to be verbs wanted.
Auxiliary verbs: 16.0 7.85571142285 204% => Less auxiliary verb wanted.
Conjunction : 3.0 10.4138276553 29% => More conjunction wanted.
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 38.0 24.0651302605 158% => Less pronouns wanted
Preposition: 37.0 41.998997996 88% => OK
Nominalization: 3.0 8.3376753507 36% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.

Performance on vocabulary words:
No of characters: 1369.0 1615.20841683 85% => OK
No of words: 294.0 315.596192385 93% => More content wanted.
Chars per words: 4.65646258503 5.12529762239 91% => OK
Fourth root words length: 4.14082457966 4.20363070211 99% => OK
Word Length SD: 2.43526251027 2.80592935109 87% => OK
Unique words: 155.0 176.041082164 88% => More unique words wanted.
Unique words percentage: 0.527210884354 0.561755894193 94% => More unique words wanted or less content wanted.
syllable_count: 436.5 506.74238477 86% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 2.0 2.52805611222 79% => OK
Subordination: 0.0 2.10420841683 0% => More adverbial clause wanted.
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 4.0 4.76152304609 84% => OK

Performance on sentences:
How many sentences: 13.0 16.0721442886 81% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 58.0914398566 49.4020404114 118% => OK
Chars per sentence: 105.307692308 106.682146367 99% => OK
Words per sentence: 22.6153846154 20.7667163134 109% => OK
Discourse Markers: 9.46153846154 7.06120827912 134% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 1.0 5.01903807615 20% => OK
Sentences with positive sentiment : 8.0 8.67935871743 92% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => OK
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.221849700459 0.244688304435 91% => OK
Sentence topic coherence: 0.0886601240595 0.084324248473 105% => OK
Sentence topic coherence SD: 0.0480846790733 0.0667982634062 72% => OK
Paragraph topic coherence: 0.1276080976 0.151304729494 84% => OK
Paragraph topic coherence SD: 0.0404669098328 0.056905535591 71% => OK

Essay readability:
automated_readability_index: 11.8 13.0946893788 90% => Automated_readability_index is low.
flesch_reading_ease: 57.61 50.2224549098 115% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 10.7 11.3001002004 95% => OK
coleman_liau_index: 10.04 12.4159519038 81% => OK
dale_chall_readability_score: 7.68 8.58950901804 89% => OK
difficult_words: 55.0 78.4519038076 70% => More difficult words wanted.
linsear_write_formula: 10.5 9.78957915832 107% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 11.0 10.7795591182 102% => OK
What are above readability scores?

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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.