Many people prefer to spend money and not save it. What are the reasons? Is this a positive or negative development?
It is an undeniable fact that financial management is of fiscal importance for the betterment of society. Majority of the people find it challenging to manage money. Even though they might be good in other curriculum, however, fiscal literacy is not taken care of very seriously. That is the reason many people end up spending more and later regret about not saving it.
Firstly, with the development of technology; there are many easy options available for an instant loan. To satisfy their instant gratification, people take loans at very high-interest rates ending-up in a long-term debt situation. For example, the smartphones on EMI are readily available on online platforms; instead of paying extra interest on the principal amount, one must save enough and buy in future.
Secondly, the marketing tactics used nowadays, persuade the customer emotionally and easily. The words like "Sale", "Offer", "Cash-back", are overly used to attract more customers. People get influenced by these tactics and end up buying the product, which might not be required at the present moment.
Thirdly, with the surge in social media users; people posting vacation pictures and things they own; encourages other people to experience the same. Many companies sponsor in terms of money or goodies to post about their product or service experience to generate business for them
Jim Carry (American Actor) quoted, "I wish everyone becomes rich and famous, and people realise it is not an answer." In my opinion, one must save enough for an unprecedented situation. Spending more and not saving it can result in the negative financial development of society.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2023-08-12 | hitakshi patel | 61 | view |
| 2023-06-10 | kuldip.kumar@hotmail.com | 73 | view |
| 2023-06-10 | kuldip.kumar@hotmail.com | 67 | view |
| 2023-02-23 | aleema | 56 | view |
| 2023-02-16 | hi.nguyn91 | 84 | view |
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Grammar and spelling errors:
Line 1, column 150, Rule ID: ALLOW_TO[1]
Message: Did you mean 'managing'? Or maybe you should add a pronoun? In active voice, 'challenge' + 'to' takes an object, usually a pronoun.
Suggestion: managing
...ority of the people find it challenging to manage money. Even though they might be good i...
^^^^^^^^^
Line 3, column 398, Rule ID: IN_PAST[1]
Message: Did you mean: 'in the future'?
Suggestion: in the future
...al amount, one must save enough and buy in future. Secondly, the marketing tactics us...
^^^^^^^^^
Transition Words or Phrases used:
first, firstly, however, if, second, secondly, so, third, thirdly, for example, in my opinion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 10.0 13.1623246493 76% => OK
Auxiliary verbs: 5.0 7.85571142285 64% => OK
Conjunction : 10.0 10.4138276553 96% => OK
Relative clauses : 3.0 7.30460921844 41% => More relative clauses wanted.
Pronoun: 15.0 24.0651302605 62% => OK
Preposition: 35.0 41.998997996 83% => OK
Nominalization: 11.0 8.3376753507 132% => OK
Performance on vocabulary words:
No of characters: 1433.0 1615.20841683 89% => OK
No of words: 263.0 315.596192385 83% => More content wanted.
Chars per words: 5.44866920152 5.12529762239 106% => OK
Fourth root words length: 4.02706775958 4.20363070211 96% => OK
Word Length SD: 3.12720017532 2.80592935109 111% => OK
Unique words: 164.0 176.041082164 93% => More unique words wanted.
Unique words percentage: 0.623574144487 0.561755894193 111% => OK
syllable_count: 457.2 506.74238477 90% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 1.0 0.809619238477 124% => OK
Preposition: 5.0 4.76152304609 105% => 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: 20.0 20.2975951904 99% => OK
Sentence length SD: 63.9379321811 49.4020404114 129% => OK
Chars per sentence: 110.230769231 106.682146367 103% => OK
Words per sentence: 20.2307692308 20.7667163134 97% => OK
Discourse Markers: 7.15384615385 7.06120827912 101% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 2.0 5.01903807615 40% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 3.0 3.9879759519 75% => OK
Sentences with neutral sentiment: 1.0 3.4128256513 29% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.199141945272 0.244688304435 81% => OK
Sentence topic coherence: 0.0774634199451 0.084324248473 92% => OK
Sentence topic coherence SD: 0.0856875500745 0.0667982634062 128% => OK
Paragraph topic coherence: 0.108392307541 0.151304729494 72% => OK
Paragraph topic coherence SD: 0.0573375315504 0.056905535591 101% => OK
Essay readability:
automated_readability_index: 14.4 13.0946893788 110% => OK
flesch_reading_ease: 42.72 50.2224549098 85% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 12.3 11.3001002004 109% => OK
coleman_liau_index: 14.33 12.4159519038 115% => OK
dale_chall_readability_score: 9.91 8.58950901804 115% => OK
difficult_words: 88.0 78.4519038076 112% => OK
linsear_write_formula: 7.5 9.78957915832 77% => OK
gunning_fog: 10.0 10.1190380762 99% => OK
text_standard: 10.0 10.7795591182 93% => OK
What are above readability scores?
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Rates: 61.797752809 out of 100
Scores by essay e-grader: 5.5 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.