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

In today’s world all level of people are tempted to spend money frivolously like a drunken sailor. Although, every human chasing the almighty dollar for a precious living but , they don’t spend cautiously on acquired goods and services or based on their needs and requirements. Modern lifestyle has made every individual to have a craze on trying new expensive products that arrives new on the market. Relatively, they find ways to make money by taking part -time jobs to fulfill their quench their desire to spend from their earnings despite of saving for the rainy day.

Comparatively, Indians are good at savings and most of them are a miser. Therefore, Indians save for financial security reasons for their future unlike, westerners lack behind on savings.For example, a 2017 survey of more than 8,000 adults found that 57 percent have less than $1,000 in a savings account. Included in that percentage is the 39 percent of Americans with absolutely nothing in a savings account.This fact is even more alarming when combined with data on long-term savings—nearly half of people age 55 and older have no retirement savings at all, other than Social Security.

When it comes to why people tend to spend more rather than save for future, excuses are boundless. Mostly, Some will say that they don’t make enough money to save – which is acceptable if true. Others cant stop spending money as according to them, life is so uncertain and therefore its better to live for today and deal with future… in future.On the other hand, there are many who save a lot. At times, they end up saving a little too much. Result? They have big bank balances or portfolios. But sadly, they are unable to enjoy their lives optimally.

On the whole, people need to adapt to the habit of saving money for the future by planning their budget and following a strict method of eliminating unnecessary expenses. Like save a ‘lunch money’ or ‘try frugality ‘. One has to realize saving money makes a person financially independent and Keeps him away from the worries of future development. Even though people depend on the saying ‘ live today ‘ which absolutely is a short -sighted phenomena to face adversity anytime. In fact, saving for near future would give one a quality of life and peace of mind which is a positive development rather than just living this moment.

Votes
Average: 8.9 (1 vote)

Grammar and spelling errors:
Line 1, column 180, Rule ID: COMMA_PARENTHESIS_WHITESPACE
Message: Put a space after the comma, but not before the comma
Suggestion: ,
...lmighty dollar for a precious living but , they don't spend cautiously on acq...
^^
Line 3, column 164, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...sons for their future unlike, westerners lack behind on savings.For example, a 20...
^^
Line 3, column 189, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: For
...ike, westerners lack behind on savings.For example, a 2017 survey of more than 8,0...
^^^
Line 3, column 278, Rule ID: COMMA_PARENTHESIS_WHITESPACE
Message: Put a space after the comma, but not before the comma
Suggestion: ,
...lts found that 57 percent have less than ,000 in a savings account. Included in th...
^^
Line 3, column 410, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: This
...absolutely nothing in a savings account.This fact is even more alarming when combine...
^^^^
Line 5, column 207, Rule ID: CANT[1]
Message: Did you mean 'can't' or 'cannot'?
Suggestion: can't; cannot
...e – which is acceptable if true. Others cant stop spending money as according to the...
^^^^
Line 5, column 340, Rule ID: IN_PAST[1]
Message: Did you mean: 'in the future'?
Suggestion: in the future
...to live for today and deal with future… in future.On the other hand, there are many who s...
^^^^^^^^^
Line 5, column 350, Rule ID: SENTENCE_WHITESPACE
Message: Add a space between sentences
Suggestion: On
...r today and deal with future… in future.On the other hand, there are many who save...
^^
Line 5, column 470, Rule ID: HAVE_PART_AGREEMENT[2]
Message: Possible agreement error -- use past participle here: 'banked'.
Suggestion: banked
... little too much. Result? They have big bank balances or portfolios. But sadly, they...
^^^^
Line 7, column 137, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
... budget and following a strict method of eliminating unnecessary expenses. Like s...
^^
Line 7, column 183, Rule ID: EN_A_VS_AN
Message: Use 'an' instead of 'a' if the following word starts with a vowel sound, e.g. 'an article', 'an hour'
Suggestion: an
...inating unnecessary expenses. Like save a 'lunch money' or 'try fr...
^

Transition Words or Phrases used:
but, if, so, therefore, as to, for example, in fact, on the whole, on the other hand

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

Performance on Part of Speech:
To be verbs : 12.0 13.1623246493 91% => OK
Auxiliary verbs: 3.0 7.85571142285 38% => OK
Conjunction : 14.0 10.4138276553 134% => OK
Relative clauses : 10.0 7.30460921844 137% => OK
Pronoun: 24.0 24.0651302605 100% => OK
Preposition: 57.0 41.998997996 136% => 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: 2006.0 1615.20841683 124% => OK
No of words: 402.0 315.596192385 127% => OK
Chars per words: 4.99004975124 5.12529762239 97% => OK
Fourth root words length: 4.47771567384 4.20363070211 107% => OK
Word Length SD: 2.65893832569 2.80592935109 95% => OK
Unique words: 240.0 176.041082164 136% => OK
Unique words percentage: 0.597014925373 0.561755894193 106% => OK
syllable_count: 632.7 506.74238477 125% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 6.0 5.43587174349 110% => OK
Article: 1.0 2.52805611222 40% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 6.0 4.76152304609 126% => OK

Performance on sentences:
How many sentences: 18.0 16.0721442886 112% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 64.702095106 49.4020404114 131% => OK
Chars per sentence: 111.444444444 106.682146367 104% => OK
Words per sentence: 22.3333333333 20.7667163134 108% => OK
Discourse Markers: 4.66666666667 7.06120827912 66% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 11.0 5.01903807615 219% => Less language errors wanted.
Sentences with positive sentiment : 11.0 8.67935871743 127% => OK
Sentences with negative sentiment : 4.0 3.9879759519 100% => OK
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.236874061064 0.244688304435 97% => OK
Sentence topic coherence: 0.0717561305717 0.084324248473 85% => OK
Sentence topic coherence SD: 0.0466755371845 0.0667982634062 70% => OK
Paragraph topic coherence: 0.140954669883 0.151304729494 93% => OK
Paragraph topic coherence SD: 0.0310691786579 0.056905535591 55% => OK

Essay readability:
automated_readability_index: 13.2 13.0946893788 101% => OK
flesch_reading_ease: 49.15 50.2224549098 98% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 11.9 11.3001002004 105% => OK
coleman_liau_index: 11.96 12.4159519038 96% => OK
dale_chall_readability_score: 8.93 8.58950901804 104% => OK
difficult_words: 107.0 78.4519038076 136% => OK
linsear_write_formula: 11.0 9.78957915832 112% => 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: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 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.