Save it for rainy day, That's my motto. When I have a choice between spending my money or putting it in my savings account at the bank, I always put it in the bank. I will have a lot of expenses in the future like my education, travel, and unforeseen emergencies. I need to have money set aside for these expenses.
Education is expensive. I can't depend on my parents to pay all my bills. I have tuition, room and board, books, and incidental expenses to pay for. I'll try to get a scholarship to cover some of these costs, but I know I will be responsible for a lot of the expenses. If I spend my money now, I won't be able to pay for my education. I need to save money for my education.
Travel is also very expensive. I don't mean vacation travel. I mean travel to get to and from school. Transpacific airfare costs a lot even special reduced fares. I first have to get to school and then, of course, I want to return to my family for important festivals and occasions. Going back and forth will be costly, but worth it. I need to save money for these trips.
Emergencies could arrive at any moment. I might have an unexpected illness while I am at school. There might be costs that aren't covered by the school insurance. One of my family members may need help. I will have to send them money. You can't predict emergencies like this, but you can be prepared. I need to save money for these emergencies.
When you are not rich, you cannot spend your money carelessly. You must plan ahead. I know in my life, I will have expenses for my schooling and for traveling to and from my home. I know that I will also have unexpected expenses related to unforeseen emergencies. I must be prepared. I need to save money for these events.
When faced with the decision of saving your money for some time in the future or enjoying your money when you earn it, quite a few would claim to enjoy their money, but others, in contrast, deem to save their money as the premier choice and that is also my point. This quite different view is based on the every possible reason.
Fore most reason for saving the money for future use is when you need a lot of money to deal with some emergent things that happen to you, you should not worry about the fund or lend some money everywhere at that time. For example, two years ago, I spend my summer holiday in a famous scenery pot, after a wonderful trip of the first day, I lost my wallet unconsciously, then I took out some money in the bank to finish the trip. If you did not have some deposit, you can imagine how embarrassed you are.
Second, I have finished my college study, and I am going to go abroad to get a master degree to enhance the ability to face the challenge in the society. Plenty of money is very important to me, so I have to save all the money that I economized for future use.
Third, the economy condition of my family is not so good that I decide to earn enough money to buy a big house for my deeply loving parents.
This is arbitrary to judge saving money for future use according only to the excuse I mentioned in the above paragraph. But I do not deny that enjoying the life is also important to everyone because of brief life. That is to say, I will enjoy my money if I deposit enough.
Some people say that it is better to enjoy your money as soon as you earn it while others prefer to save the money for later. It's a difficult choice faced by lots of people because of the different attitudes they hold towards money. As far as I am concerned, I vote for the former choice, which is that it is better for one to enjoy his or her money as soon as it is earned. Spending money as soon as possible is my preference because of three reasons as follows.
First, we can observe easily in the modern society that the dominant philosophy nowadays is 'enjoy your life when you are still young'. Most young adults like to work for a period of time and then go on for a trip to visit some places they have never been to. Those trips not only helps them to keep in shape but also provides them different kinds of knowledge and new perspective in looking at their environment. Other people spend the money for their leisure, which helps them to relax and go back to work with enough energy.
In the old days, it is said that people who save money in a bank understand the philosophy of thrift. Actually, economists say that in the modern world saving money in a bank is the quickest way to lose it. Moreover, none of the rich people became rich by getting interests from the bank. Living in a constantly changing world, we should adjust ourselves to accept the new ways of investing our money to different areas in order to get the most of it.
That is probably the reason why most of the people nowadays put their money into business to get a better payback.
The third obvious reason why I prefer spending money rather than saving them is that it is part of the contribution for the economic growth in our country. If nobody has the needs to buy stuff from others and the market, nobody will think about how to produce useful products and sell them to make the most profits. Some countries continue to lower the interests in order to force people to spend their money and therefore benefit the society as well as the people themselves. In this broad view, I prefer spending money rather than saving them.
In conclusion, I prefer spending money because it benefits ourselves as well as people around us. It's also important for kids to know how to save money as a sense of thrift. Nevertheless, spending money is still the best way to make our lives enjoyable and worthwhile.
