The question of spending more money by individuals helps boost certain area’s economical circumstance is controversial, eliciting divergent opinions. While proponents contend that it would be better if people spent their income on buying local products, leading to the development of the economy, opponents emphasize that being financially savvy and conscious may have many positive sides . Although there are strong arguments behind both of these perspectives, I regard the latter one as more sensible.
To begin with, there are some sound reasons behind some people’s common belief which is linked with laying out their money. From an economical standpoint, dwellers’ capital may assists with enhancing the progression of the country’s current position. More specifically, by urging people to purchase items or goods, especially locally, serves as a catalyst for generating more income, resulting in increasing the number imports, including cutting-edge technologies or modern styles of clothes. Uzbekistan can be perfect example in this case, importing a plethora of brands every year from developed countries such as iPhone, Nike brand clothes or Chevrolet cars which are affordable for Uzbek residents. Therefore, having dwellers who invest their money on buying act as a medium for fostering country economically.
Nevertheless, spending more money can lead to slippery slope of unforeseen outcomes. Firstly, there are numerous countries where the cost of the necessities are extremely high, hindering everyone to splash out their cash to run out personal businesses. However, by avoiding luxury lifestyle, everybody is able to manage their life as they want. Admittedly, almost all people struggles with saving money due to the fact that nowadays, the demands of them is more than their needs, prompting individuals to spend high amount of money for unimportant things like cars or houses. As a consequence of such phenomenon, people may face with financial burdens which might be cause for stress and anxiety. Thus, having money for future plans such as starting a new business is good way to achieve plenty of opportunities.
In conclusion, although there are some merits of spending much more money such as economic development, I believe its forthcoming repercussions would be negative, leading many troubles like stress.