Mentioningmoney,somepeopleliketodeposititinthebank,whileothersliketoconsumeitinadvance.Moneysavedbypeopleismainlyfor:buyingahouse;incaseofemergenciesordiseases,caraccidents,unemployment,earthquakes,andthingslikethat;incaseofcollegeexpensesoftheirchildren;forretirement,andsoon.Peoplebelievethatsavingmoneyisessentialtoleadacomfortablelife.Havingmoneyinthebatikallowspeopletopayforvacationsorexpensivepurchaseslikefurnitureordoctorbillscash.
Withtheworldenteringaconsumingera,manypeople,especiallyyoungwhite-collarsandcollegestudents,choosetoborrowmoney.Inotherwords,theyspendmoneyinadvance_usecreditcardsandpaybacktheloanandinterestonthenextpayday.Theyarguethat:first,theycouldenjoytheconvenienceofcreditcardsandpurchaseexpensivegoods.Second,manybanksmakesomepreferentialpoliciesoncreditcards,likesendingagiftorloweringyearcostwhichisabigattraction,
Onmypersonallevel,Iapproveofsavingmoney—incaseofemergency,youdonotneedtoturntoothersforhelp,atleast.AndIamopposedtotheabuseofcreditcardsamongcollegestudents.Sinceinmostcases,parentsarctheirsoleVandalsources.
