+1 on D.I Johnson's excellent advice.
"Sleep mode with windows open vs. Powering Off with windows closed?" are two different conditions.
"Sleep/windows open" depends on what is left open. I have found a number of web sites that remain active when left open while the computer is sleeping. That won't wear out the computing hardware but could drain the battery at night. If the computer is on wall power, that is a non-issue.
I've used Macs both at work and home since 1989 and I use "sleep/windows closed" unless I am away from home for more than a day. Then I shut down.
I believe the reason a lot of people still leave their computers running but sleeping is a carry-over from "the old days" when slow mech hard drives were all we had. Cold-booting a computer took minutes and some people wanted to avoid waiting.
That reason is now a moot point. The last Macbook Pro that had mech hard drive was the Mid-2012 non-Retina model. Everything since has fast solid-state drives and are usually fast starters.