PART 1
SAVING MONEY
ANSWERS
Are you good at saving money?
Well, I’ve to admit that I’m not. I’m an impulsive buyer (a person who buys something without planning in advance as a result of a sudden want) so saving money has always been a serious issue for me. Yes, I really do know that I should prepare for the rainy days (a time of need) but I just can’t help myself (cannot stop myself), every time I see something that catches my attention, I buy them at once (immediately).
What kinds of things do people save money for?
I’m not really sure because every person has different needs or wants so I can only assume (suppose; presume), perhaps, people save money for material things such as cars, the latest gadgets, or even a house. Some may set aside (to keep or save something) some amount of money for traveling or for education like pursuing (continuing) a Master’s degree.
Why do you think some people cannot save money?
This is hilarious ( funny; extremely amusing) since I’m one of those people who lack financial discipline (refers to how well you conform or obey the set rules of spending and saving). Considering my experience and as I’ve just said earlier, I buy things impulsively, that is one common reason. Another reason would be some people are drowning in debt (to owe a lot of money) and saving is impossible or perhaps some are just living beyond their means (spending money more than what one earns).
Do you think parents should teach their children about saving?
I have to say yes, in my opinion, it’s actually every parent’s responsibility to educate their children about saving. Children need to learn how to spend money wisely, financial education should start at an early age so that when they become adults they will achieve financial freedom, and regretfully that’s something I didn’t learn.
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Meaning of Words and Phrases Sources: Collins, Macmillan, Cambridge, Oxford
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