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. 

Discuss both these views and give your own opinion.

Whether individuals should prioritise present enjoyment by spending all their earnings or save a significant portion for the future has sparked a debate that hinges on contrasting perspectives. This essay delves into both viewpoints and provides an analysis that people should enjoy spending on pleasant experiences while also saving a portion for the uncertainty of the future.

On the one hand, proponents of immediate gratification argue that life is uncertain, and one should seize the moment by spending their hard-earned money on experiences and pleasures. They contend that saving excessively for an unpredictable future can deprive individuals of the joys and opportunities that the present offers. For instance, someone might choose to travel and explore new cultures, fostering personal growth and happiness, rather than constantly deferring these experiences.

Conversely, advocates of prudent financial planning emphasize the importance of saving for a secure future. They contend that unforeseen emergencies, medical expenses, and retirement necessitate a substantial financial cushion. Without adequate savings, individuals may find themselves in dire straits later in life. For instance, a person who encounters unexpected medical expenses without sufficient savings may face financial distress and limited access to quality healthcare.

In my opinion, a balanced approach is ideal. While immediate enjoyment is important for personal growth and happiness, it is equally crucial to save responsibly for future needs and uncertainties. Striking this equilibrium requires setting aside a portion of earnings for savings while also indulging in well-considered present experiences.

In conclusion, the dilemma between spending earnings for present enjoyment or saving for the future underscores the need for a balanced perspective. Both immediate gratification and prudent financial planning have their merits, but an approach that combines both is likely to yield the most fulfilling and secure life journey.