[TOEFL writing] Mar. 22, 2024
Question:
Do you agree or disagree with the following statement?
"It is better to enjoy your money when you earn it than to save it for the future."
Use specific reasons and examples to support your opinion.
Model Answer:
In today's society, the debate between spending money as soon as it is earned versus saving it for the future is a contentious issue.
In today's society, the debate between spending money as soon as it is earned versus saving it for the future is a contentious issue.
While some argue that enjoying money immediately is preferable, I firmly believe that saving money for the future is a wiser decision.
While some argue that enjoying money immediately is preferable, I firmly believe that saving money for the future is a wiser decision.
Firstly, saving money provides financial security and stability for the future.
Life is unpredictable, and unexpected expenses such as medical emergencies or job loss can arise at any time.
Life is unpredictable, and unexpected expenses such as medical emergencies or job loss can arise at any time.
By saving money, individuals can build an emergency fund to cover unforeseen circumstances, reducing financial stress and uncertainty.
By saving money, individuals can build an emergency fund to cover unforeseen circumstances, reducing financial stress and uncertainty.
Secondly, saving money allows individuals to achieve long-term financial goals.
Secondly, saving money allows individuals to achieve long-term financial goals.
Whether it's purchasing a home, funding higher education, or retiring comfortably, saving money enables individuals to work towards their aspirations.
Whether it's purchasing a home, funding higher education, or retiring comfortably, saving money enables individuals to work towards their aspirations.
Moreover, saving early in life allows for the benefits of compound interest, increasing the overall value of savings over time.
Moreover, saving early in life allows for the benefits of compound interest, increasing the overall value of savings over time.
Furthermore, saving money fosters responsible financial habits and discipline.
Delaying gratification by forgoing immediate purchases teaches individuals the value of patience and self-control.
Delaying gratification by forgoing immediate purchases teaches individuals the value of patience and self-control.
This mindset shift from instant gratification to prudent financial planning can lead to greater financial success and well-being in the long run.
This mindset shift from instant gratification to prudent financial planning can lead to greater financial success and well-being in the long run.
In contrast, spending money as soon as it is earned often leads to financial instability and regret.
Impulse purchases and frivolous spending can quickly deplete savings, leaving individuals unprepared for future expenses.
Additionally, the temporary pleasure derived from instant gratification is fleeting and often outweighed by the stress of financial insecurity.
Additionally, the temporary pleasure derived from instant gratification is fleeting and often outweighed by the stress of financial insecurity.
In conclusion, while the temptation to enjoy money immediately may be strong, saving money for the future is a more prudent and responsible choice.
By prioritizing saving, individuals can achieve financial security, work towards long-term goals, and cultivate valuable financial habits.
Therefore, I strongly believe that it is better to save money for the future rather than to spend it as soon as it is earned.
Therefore, I strongly believe that it is better to save money for the future rather than to spend it as soon as it is earned.