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Many People Believe That They Should Spend All The Money They Earn To Enjoy Life At Present - IELTS Essay


Many people believe that they should spend all the money they earn to enjoy life at present. Others, however, think that they should save a large portion of their earning for the future - IELTS Band 9 Essay

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Model Essay 1

Financial decisions often oscillate between spending for immediate enjoyment and saving for future security. This essay will explore the merits of spending to enhance current life experiences, contrasted with the advantages of saving for future stability and opportunities. Ultimately, it will argue for a balanced approach, asserting that moderate spending coupled with strategic saving offers the most holistic benefits.


Proponents of spending believe that life should be lived to the fullest, advocating for the immediate use of earned money to enjoy life's offerings. This viewpoint is encapsulated by the adage, "You only live once" (YOLO), which encourages indulging in life’s luxuries and experiences without undue worry about the future. For instance, spending on travel or gourmet dining can provide enriching experiences that enhance one’s quality of life and broaden personal horizons. These experiences are not just fleeting pleasures; they foster personal growth, cultural understanding, and lifelong memories. Such expenditures, they argue, are not mere frivolities but investments in well-being and happiness, contributing to a well-rounded and satisfying life.


Conversely, those who champion saving assert that financial prudence is essential for long-term security. They argue that by conserving a substantial portion of one's income, individuals can prepare for unforeseen circumstances and ensure stability in their later years. Savings can also enable significant future investments, such as purchasing a home or funding retirement. For example, the practice of setting aside money regularly can compound over time, resulting in a sizable nest egg that affords financial freedom and peace of mind. Moreover, having a robust savings account can provide the leverage needed to take advantage of opportunities that require substantial capital, such as starting a business or pursuing higher education, thereby enhancing economic mobility and personal autonomy.


In conclusion, while the allure of immediate gratification through spending is undeniable, the benefits of saving for future stability and opportunities cannot be overlooked. A prudent balance should be struck between enjoying the present and preparing for the future, allowing individuals to appreciate life's pleasures while building a secure foundation for the years to come.


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Model Essay 2

Financial decisions often oscillate between immediate enjoyment and future security. This essay will examine the immediate rewards of spending, the long-term benefits of saving, and propose a balanced approach. By exploring both the gratification derived from current expenditures and the security provided by savings, it will argue for a strategy that harmonizes immediate pleasure with prudent future planning.


Supporters of immediate spending argue that capitalizing on earnings as they come secures a life rich with joy and immediate satisfaction. This philosophy is driven by the belief that the unpredictability of life warrants a seize-the-day approach, ensuring that one's hard-earned money brings happiness and comfort in the here and now. A practical example is investing in one’s passions, such as art classes or culinary courses, which enrich the soul and personal skill sets, providing immediate fulfillment and enhancing everyday life. This approach not only satisfies the human desire for enjoyment but also supports mental health by reducing stress and increasing contentment through active participation in cherished activities.


On the flip side, saving enthusiasts emphasize the importance of financial prudence as a pathway to long-term wellbeing and stability. They argue that the future is laden with uncertainties—health issues, economic downturns, or unforeseen personal needs—that can be navigated more comfortably with a robust financial buffer. Regular saving allows for the accumulation of funds that can later facilitate life-changing opportunities or cover emergency expenses without the need for debt. For instance, methodical savings can transform into a fund for children's education or a retirement plan, securing a quality lifestyle not just for oneself but also for family members, thus underpinning a legacy of financial stability and responsibility.


In essence, while spending provides immediate gratification and personal enrichment, saving equips one with the resources to face future uncertainties and secure familial and personal prosperity. Striking a balance allows for both enjoyment of life's present offerings and preparation for its eventualities, ensuring holistic financial health and personal happiness.


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