Band 7 IELTS Essay Sample

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In many countries, as people are earning more these days, they are also spending money in buying more and more items. Do you think it is a positive or negative development?

Band 7 IELTS essay sample

In today’s world, people find more happiness in earning and spending money. Although it is true that we should get enough salary to earn a living, in my opinion, the tendency of wasting money for unnecessary things definitely does have detrimental effects on the individual and the society.

By spending money on unnecessary items, an individual is doing himself more harm than good. For instance, a person working as an information technology professional might be used to an opulent lifestyle. He might find pleasure in purchasing smart phones and other electronic goods. However, if he does not have the habit of saving money, he will definitely run into trouble sooner or later. In other words, if an individual does not have interest in investing money, it will lead him to a financial crisis. Moreover, the extravagant lifestyle of an individual may influence those around him.

Most probably, people become more selfish as they earn more and do not give attention to the family members and the poor people in the society. This situation, therefore, deteriorates the value of relationship and the significance of social harmony. In short, the habit of spending money unnecessarily, makes a person self-oriented, which in turn, negatively influences their dependents and other people in the society.

In conclusion, instead of spending lavishly, people should save something for a rainy day and also use at least a small portion of their money for the welfare of the society. If one person monitored his monetary condition seriously and modified it accordingly, plenty of others would be inspired to make changes.