Corrections · 2
Part 2:
When you save a lot of money, you can earn interest from the bank. Each bank has multiple interest plans to choose from so you are able to choose the option that best fits your situation and income. Interest may seem like not a big deal, however, the longer you save money in the bank, the more interest you will earn and this will become enough to help you gain access to more opportunities to be successful.
In conclusion, I prefer to save money in my bank for a more enjoyable life and to earn some extra money from interest. I believe, to be more successful in your life, saving money is the first step.
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Coming from a relatively affluent background, I have to disagree with your argument that saving large amounts of money in the bank will allow you to live a luxurious life because nobody will become rich doing that. The accrual of bank interest is extremely slow so it is much better to invest in stocks rather than let all of your spare earnings sit in a bank until you need them. There is also inflation which makes any profit from bank interest negligible. To pay for things like college and marriage ceremonies, businessmen sell only as much stock as they need to because any money in the bank is not working efficiently for you. Your English is good but your essay is weak and demonstrates a lack of education in finance.
Is it better to enjoy your money or is it better to save
It is always difficult to
In a life time there are some events that you have to prepare large money for such as marriage, traveling and enrollment in university. When the time comes, if you can't pay in full you will need to get a loan. Loans are a little bit tricky because the money you have to pay back will increase as time passes.
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