Some people think saving money is good, but others think that spending money is a better way to enjoy life

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IELTS Essay Topic: Saving Money

Some people think saving money is good, but others think that spending money is a better way to enjoy life.

Discuss both views and give your own opinion.


The Covid-19 crisis has caused grave economic repercussions in numerous countries. Many companies had shut down and millions of workers had lost jobs, the pandemic become a great reminder for everyone to save. Some individuals, however regretted by not spending money on delightful experiences before the lockdown restrictions began. For me, the key to enjoy life is to find the perfect balance between saving for the future and rewarding your self with a fair share of happiness.

Careful spending is one important characteristics for someone to afford to save. There are several reasons why people should develop a habit of saving. First, saving money can help someone build emergency fund. Putting off money regularly into savings can give someone peace of mind knowing that there is ready fund for any sorts of income disruptions in life. Second, savings can ensure someone to have an enjoyable and comfortable future. As people get older, there is a chance that income will decrease and expenses are likely to grow. 

Despite the wisdom of many financial advisers about the importance of saving for the rainy day, many individuals are still drawn into impulse spending. Many people work hard to make money but unable to save. For example, those who enjoy every moment of their lives are not afraid to spend. They believe that money is just a tool in acquiring expensive things and luxuries in life. In addition, people spend money on what they think are valuable to them. After all, people sometimes need to spend money to obtain joy and happiness in life.

In summary, having enough savings can help someone sleep better at night. But people need also to find enjoyment in life. In my opinion, all of us should find that sense of balance between saving and spending for life’s happiness.


When it comes to IELTS Test, vocabulary is one of the most important skills a test-taker must have. In writing section, having a good grasp of English vocabulary will help you frame and convey your ideas in words using an effective and varied vocabulary. 

  • repercussion
  • delightful
  • disruption
  • ensure
  • wisdom
  • impulse
  • obtain

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1 reply »

  1. Well discussed… balance of spending and saving is the key for a restful, relaxed, peaceful mind resulting to a fulfilled, happy life

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