essay on money in english

Essays About Money: Top 5 Examples and 6 Prompts

With money comes great power; however, power must always come with responsibility. Discover thought-provoking essays about money in our guide.

Money is everywhere. We use it to eat, drink, clothe ourselves, and get shelter, among many other uses. Nowadays, it is an undisputed fact that “money makes the world go round.” The earliest known form of money dates back to around 5,000 years ago ; trade was previously carried out using a barter system. However, over the centuries, more and more nations began implementing a currency system, and money has become more critical.

In the contemporary world, it seems to be “all about money.” However, it is important not to lose sight of what is important; we must maintain good physical and mental health and healthy relationships with the people around us. Money is necessary; it is just not the only thing necessary. To start your essay, read these examples to write insightful essays about money.

5 Top Examples On Essay About Money

1. essay on money by prasanna, 2. how money changed human history by jacob wilkins, 3. capitalism: money that make money by ernestine montgomery, 4. is money the most important thing by seth higgins.

5. An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

1. good uses for money, 2. the “dark side” of money, 3. money’s role in history, 4. morality vs. money, 5. can money buy happiness, 6. how to save money.

“Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money”

This essay gives readers a general outlook on money and its advantages and disadvantages. It gives people equal opportunity to work for their dreams and motivates them to be productive members of society, while it also raises the question of greed. Money, without a doubt, has its positive and negative aspects, but it exists and is only becoming more critical.

“But the barter economy was flawed. There was no universal measure for determining the value of an item. It was all based on the subjective opinion of the individuals involved. And to make matters worse, the barter economy relied on both sides wanting something the other had to offer. Trade, therefore, could be sluggish and frustrating. Human beings needed something different, and money was the answer.”

Wilkins writes about how money revolutionized the way trade was conducted. The barter system involved trading any objects if both parties agreed to a deal, such as trading animal skins for fish or medicine for timber. However, the only measure of an item’s value was how much one party wanted it- both sides needed to have something the other wanted. The introduction of money allowed people to put a solid value on commodities, making trade easier.

“So, if you were to closely observe the dirty, disordered canvas of economic progress during the 20th and 21 st century, you should conclude that, for all its warts, capitalism has been the winner. It has sometimes caused pain; suffered from serious cycles; and often needed the clout of the state- such as we have seen from September 2008. It has also been quite resistant to sensible regulation. Even so, the basic institutions of capitalism have worked, not just in the US and the OECD (Organization for Economic Co-operation and development) nations, but also many developing countries, of which India is one.”

Albeit lengthy, Montgomery’s essay discusses the debate between socialism and capitalism, a topic of which money is at the core. Montgomery describes Karl Marx’s criticism of capitalism: all the money goes to a few people, not the workers. She believes these are valid to an extent and criticizes certain forms of capitalism and socialism. Neither capitalism nor socialism is perfect, but according to Montgomery, capitalism creates a better economy.

“Being the richest man in the world does not mean you are the happiest man in the world, although money can buy you happiness sometimes, but not always. If we could all appreciate the way life is, the fun, and the beauty I think the world would be better. If people weren’t power hungry maybe we’d have a lesser demand for money. Those people who is money hungry and power hungry need to relax. Money can’t buy you happiness. These individuals need to understand that.”

Higgins implores readers to remember that money is not the only thing people need in the world. He stresses the necessity of money, as it is used to pay for various necessary goods and services; however, he believes it is not a prerequisite for happiness. Material things are temporary, and there are other things we should focus on, like family and friends.

5. An Introduction to Saving Money by Jeremy Vohwinkle

“A financial emergency may take the form of a job loss, significant medical or dental expense, unexpected home or auto repairs, a hurricane or major storm, or something unthinkable, such as a global pandemic. The last thing you want to do is to rely on credit cards with their hefty interest fees or to be forced to take out a loan. That’s where your emergency fund can come in handy. Historically, the formula for an emergency account is to have enough readily available cash to cover three to six months of living expenses.“

Vohwinkle’s essay gives readers some suggestions on how to save more money. Most importantly, he suggests setting up an emergency fund, as all other saving techniques stem from there. He also suggests creating an automatic savings plan and cutting down on “spending leaks,” like buying coffee. You might also be interested in these essays about celebration .

In this essay, write about why money is necessary and the ways to use it for the greater good, and include ways in which it can be used (investing, donating, etc.). For each point, you make, be sure to explain why. Of course, this is entirely subjective; feel free to write about what you consider “good uses” for money.

On the other hand, money also has a negative side —research on money-related issues, such as taxpayer-funded corruption and trading of illegal goods. In your essay, explore this side of money and perhaps give solutions on how to stop these problems.

Money has played a progressively more important role throughout human history. Discuss the development of currency and the economy, from the barter system to the digital world we live in today. You need not go too in-depth, as there is a lot of ground to cover and many eras to research. Be sure to cite reputable sources when discussing history.

Many people warn of “selling your soul” for financial gain. In your essay, you can write about the importance of having solid values in this day and age, where money reigns supreme. What principles do you need to keep in mind? Explain how you can still value money while staying grounded; mention the balance between material needs and others.

As stated in Higgins’ essay, more people have begun to prioritize money over all else. Do you believe that money is truly the most important thing? Can it alone make you happy? Discuss both sides of this question and choose your position accordingly. Be sure to provide precise supporting details for a stronger argument.

Enumerate tips on how you can save money. Anything works, from saving certain things for special occasions to buying more food in the grocery rather than eating out. This is your opinion; however, feel free to consult online sources and the people around you for extra advice.

For help with your essays, check out our round-up of the best essay checkers .If you’re still stuck, check out our general resource of essay writing topics .

Martin is an avid writer specializing in editing and proofreading. He also enjoys literary analysis and writing about food and travel.

View all posts

30,000+ students realised their study abroad dream with us. Take the first step today

Meet top uk universities from the comfort of your home, here’s your new year gift, one app for all your, study abroad needs, start your journey, track your progress, grow with the community and so much more.

Verification Code

An OTP has been sent to your registered mobile no. Please verify

Thanks for your comment !

Our team will review it before it's shown to our readers.

School Education /

Essay On Money: 100, 250 Words Samples

Updated on
Nov 9, 2023

Why do you think money is important? Can we live without money? Does money have its own value? What’s the difference between hard money and digital money? When we plan on buying something, we have to pay a certain amount. Let’s say you want to buy a wristwatch worth $50. How do you compare that commodity with money? Do they have equal value? Is there any authority that states the value of money ? These and several other questions about money can make one wonder why money is given so much importance. Let’s go in-depth with an essay on money and find answers to all these questions.

Table of Contents

1 What is Money?
2 Why is Money So Important?
3 Essay on Money in 100 Words
4 Essay on Money in 250 Words

What is Money?

According to Wikipedia and Oxford Dictionary, Money is simply a medium of exchange. Some even consider money as one of the most important resources , which is used to make transactions of goods, services, or repayment of debts within a specific country or socio-economic context.

Money can have various forms, coins and banknotes in physical form, and electronic balances in bank accounts in digital forms. Money serves as a unit of account, facilitating the measurement of value in terms of prices, and as a store of value, allowing individuals to save purchasing power for future use.

Learn Why Financial Literacy is Important for Students.

Why is Money So Important?

What makes money such an important resource is its acceptance across the globe in multiple transactions and services. From serving as a medium of exchange to facilitating financial activities, the importance of money goes beyond our everyday needs. Here are several reasons stating the importance of money.

Money serves as a convenient medium of exchange that facilitates the buying and selling of goods and services, making transactions more efficient than barter systems.
It provides a standardized unit for measuring the value of goods, services, and assets, allowing for easier comparison and assessment of value across different items.
Money enables individuals and businesses to store wealth and purchasing power over time, facilitating savings and investment for future needs and goals.
A stable and reliable monetary system encourages investment, trade, and economic growth, fostering overall prosperity within an economy.
By using money, individuals and businesses can avoid the high transaction costs associated with bartering and the inefficiencies of non-monetary exchange systems.
The use of money encourages specialization in the production of goods and services, leading to increased productivity and efficiency within an economy.
Money is essential for the functioning of financial markets, banking systems, and investment activities, which are crucial for the allocation of resources and capital within an economy.

Essay on Money in 100 Words

El dinero or money is used as a medium of exchange, unit of account, and store of value. It facilitates trade, allowing for the smooth exchange of goods and services, while also enabling efficient allocation of resources and encouraging economic growth. As a unit of account, it provides a standardized measure of value, simplifying the comparison of different goods and assets.

Moreover, money acts as a store of value, allowing individuals to save and plan for the future. Its role in reducing transaction costs, enabling specialization, and supporting complex financial activities highlights its significance in the functioning of contemporary economies.

Essay on Money in 250 Words

Modern economics is heavily dependent on money or we can say that money is the pillar of modern economies. As a medium of exchange, it simplifies trade by providing a universally accepted method of payment for goods and services, eliminating the inefficiencies and limitations of barter systems. Its characteristic fosters the development of complex market systems, encouraging specialization and the efficient allocation of resources.

Apart from being a medium of exchange, money functions as a unit of account, providing a standardized measure of value that enables individuals to compare prices and evaluate the worth of different goods and services. This uniformity in valuation streamlines commercial activities and allows for effective planning and decision-making in both personal and business contexts.

Money serves as a store of value, allowing individuals to save and accumulate wealth over time. This feature empowers people to prepare for future expenses, emergencies, or long-term goals, providing a sense of security and stability in an uncertain world.

In addition to its role in daily transactions , money fuels economic growth by facilitating investment, entrepreneurship, and innovation. Financial institutions utilize money as a tool to allocate capital efficiently, enabling the development of new businesses, industries, and technologies that contribute to overall economic prosperity.

Money plays multiple roles in our lives; it is a physical or digital representation of currency; it is a fundamental pillar of modern economies, underpinning the intricate web of commercial activities, financial systems, and societal well-being. Its importance lies not only in its tangible properties but also in the complex functions and structures it supports within the global economic framework.

Money is globally accepted as a medium of exchange in multiple transactions and services. From serving as a medium of exchange to facilitating financial activities, the importance of money goes beyond our everyday needs. To buy goods or services, you are required to pay a certain amount, which is fulfilled by paying money.

To write an essay on money, you need to highlight the key aspects of this essential resource. The multiple transactions in which money is used in our day-to-day lives make money an important part of our lives. Give examples of how money can change our lives and what would happen if we were out of money. Highlight the latest trends in the financial sector and what governments are doing to save our money from inflation.

Here are the 5 strongest currencies in the world: Kuwait Dinar (KWD), Bahraini Dinar (BHD), Omani Rial (OMR), Jordanian Dinar (JOD), and Gibraltar Pound (GIP).

For more information on such interesting topics, visit our essay writing page and follow Leverage Edu .

Shiva Tyagi

With an experience of over a year, I've developed a passion for writing blogs on wide range of topics. I am mostly inspired from topics related to social and environmental fields, where you come up with a positive outcome.

Leave a Reply Cancel reply

Save my name, email, and website in this browser for the next time I comment.

Contact no. *

Connect With Us

30,000+ students realised their study abroad dream with us. Take the first step today.

Resend OTP in

Need help with?

Study abroad.

UK, Canada, US & More

IELTS, GRE, GMAT & More

Scholarship, Loans & Forex

Country Preference

New Zealand

Which English test are you planning to take?

Which academic test are you planning to take.

Not Sure yet

When are you planning to take the exam?

Already booked my exam slot

Within 2 Months

Want to learn about the test

Which Degree do you wish to pursue?

When do you want to start studying abroad.

January 2024

September 2024

What is your budget to study abroad?

How would you describe this article ?

Please rate this article

We would like to hear more.

Have something on your mind?

Make your study abroad dream a reality in January 2022 with

India's Biggest Virtual University Fair

Essex Direct Admission Day

Why attend .

Don't Miss Out

260 Money Topics to Write About & Essay Examples

Looking for a topic about money? Money won’t leave anyone indifferent! There are lots of money essay topics for students to explore.

🏆 Best Money Essay Examples & Ideas

👍 good money essay topics, 💡 easy money topics to write about, 📃 interesting topics about money, 📑 good research topics about money, 📌 most interesting money topics to write about, ❓ research questions about money.

You might want to focus on the issue of money management or elaborate on why money is so important nowadays. Other exciting topics for a money essay are the relation between money and love, the role of money in education, etc. Below you’ll find a list of money topics to write about! These ideas can also be used for discussions and presentations. Money essay examples are a nice bonus to inspire you even more!

Can Money Buy You Happiness? First of all, given that happiness is related to the satisfaction of personal needs, there is also a need to consider the essential need of human life such as housing, medicine, and food.
Connection Between Money and Happiness Critical analysis of money-happiness relationship shows that socioeconomic factors determine the happiness of an individual; therefore, it is quite unsatisfactory to attribute money as the only factor and determinant of happiness.
I Don’t Believe Money Can Buy Happiness This shows that as much as money is essential in acquisition and satisfaction of our needs, it does not guarantee our happiness by its own and other aspects of life have to be incorporated to […]
Money, Happiness and Relationship Between Them The research conducted in the different countries during which people were asked how satisfied they were with their lives clearly indicated the existence of a non-linear relationship between the amount of money and the size […]
Money as a Form of Motivation in the Work Place This then shows that money can and is used as a motivational factor in the work place so that employees can strive to give their best and their all at the end of the day.
Money: Good or Evil? Comparing & Contrasting While there are those amongst us who subscribe to the school of though that “money is the source of all evil”, others are of the opinion that money can buy you anything, literary.
Strategies to Save and Protect Money Thus, the main points of expenditure will be clearly marked, which will help to exclude the purchase of unnecessary goods and services.
Does Money Buy Happiness? Billions of people in all parts of the world sacrifice their ambitions and subconscious tensions on the altar of profitability and higher incomes. Yet, the opportunity costs of pursuing more money can be extremely high.
Should America Keep Paper Money It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
The Global Media Is All About Money and Profit Making It is noteworthy that the advertisement are presented through the media, which confirms the assertion that global media is all about money and profit making. The media firms control the information passed to the public […]
Money and Modern Life The rich and the powerful are at the top while the poor and helpless are at the bottom, the rest lie in-between.
Discussion: Can Money Buy Happiness? Reason Two: Second, people are psychologically predisposed to wanting more than they have, so the richer people are, the less feasible it is to satisfy their demands.
Time Value of Money: Importance of Calculating Due to fluctuations in economies, all organizations need to take into consideration concepts of the time value of money in any investment venture.
Relation Between Money and Football In the English league, clubs have been spending millions to sign up a player in the hope that the player will turn the fortunes of the company for the good.
Opinion on the Importance of Money In the absence of money, individuals and organizations would be forced to conduct transactions through barter trade which is a relatively challenging system due to existence of double coincidence of wants.
Why People Should Donate Time, Money, Energy to a Particular Organization, Charity, or Cause Its vision is to have a world that is free from Alzheimer’s disease.”The Alzheimer’s Association is the leading, global voluntary health organization in Alzheimer’s care and support, and the largest private, nonprofit funder of Alzheimer’s […]
Anti-Money Laundering and Hawala System in Dubai To prevent money launders and agents, most countries enacted the anti-money laundering acts with the goal of tracking and prosecuting offenders.
Money or Family Values First? Which Way to Go As such, family values becomes the epicenter of shaping individual behavior and actions towards the attainment of a certain good, while money assumes the position of facilitating the attainment of a certain good such as […]
Anti Money Laundering and Financial Crime There are a number of requirements by the government on the AML procedures to be developed and adopted by the firms in the financial service in industry in an attempt to fight the illegal practice.
Money Laundering: Most Effective Combat Strategies The practice of money laundering affects the economy and security of a country. Countries have directed their efforts to curb money laundering to control the downwards projections of their countries’ economies.
Why Money Is Important: Benefits & Downsides The notion originated from the Bible because the person who made Jesus suffer on the cross was enticed by the love of money to forsake Jesus.
Money, Happiness and Satisfaction With Life Nonetheless, the previously mentioned examples should be used to remind us that money alone is not a guarantee of happiness, satisfaction with life, and good health.
Money and Its Value Throughout the World History What is important is the value that people place on whatever unit they refer to as amoney.’ Money acts as a medium of exchange and an element of measurement of the value of goods and […]
Electronic Money: Challenges and Solutions First of all, it should be pointed out that money is any type of phenomenon which is conventionally accepted as a universal carrier of value, or “any generally accepted means of payment which is allowed […]
Drugs: The Love of Money Is the Root of All Evils The political issues concerning the use of drugs consist of, but not limited to, the substances that are defined as drugs, the means of supplying and controlling their use, and how the society relates with […]
Efforts to Raise Money for Charity However, the point is that charity is supposed to be for a simple act of giving and not expecting any returns from it.
Money and Happiness in Poor and Wealthy Societies Comprehending the motivations for pursuing money and happiness is the key to understanding this correlation. The Easterlin paradox summed this view by showing that income had a direct correlation with happiness.
Success and Money Correlation The development of the information technologies and the ongoing progress led to the reconsideration of the values and beliefs. It is significant to understand that there is no right or wrong answer for the question […]
Dreams of Avarice in Ferguson’s “The Ascent of Money” The chapter “Dreams of Avarice” of the book “The Ascent of Money” explores different stages of development of money functioning in the world by relating them to corresponding historical events.
Park Avenue: Money, Power and the American Dream – Movie Analysis It can be taken as the national ethos of the citizens of the USA. The basis of the American society is broken and it is not united anymore.
Money Saving Methods for College Students A budget is one of the methods that a college student can use to save money. In the budget, one should indicate how much to save and the means of saving the money.
Edwin Arlington Robinson: Money and Happiness in “Richard Cory” It is evident that money cannot guarantee happiness in one’s life due to the uncertainties that surround each one of us.
Change in the Value of Money According to Keynes To explain the effect of inflation on investors, Keynes delves into the history of inflation through the nineteenth century and tries to explain the complacency of investors at the beginning of the First World War […]
Money Laundering Through Cryptocurrencies This study will try to critique the approaches used by countries to address the aspect of money laundering activities and the risks posed by digital currencies.
Money and Banking: General Information The essay gives the definition of money and gives a brief description of the functions of money. As a store of value, money can be saved reliably and then retrieved in the future.
Two Attitudes Towards Money The over-dependence on money to satisfy one’s emotional needs is a negative perspective of money. The positive attitude of money is rarely practiced by people.
The Lebanese-Canadian Bank’s Money Laundering The bank was later banned from using the dollar by the American treasury; this resulted in the collapse and eventual sale of the bank.L.C.B.had to pay a settlement fine of one hundred and two million […]
Giving Money to the Homeless: Is It Important? The question of whether a person should give money to a homeless person or not is a complicated one and cannot have the right answer.
Where Does the Money Go? by Bittle & Johnson Therefore, the authors explain key issues of the national debt in a relatively simple language and provide their opinion on how the country got into that situation and what could be done about it. In […]
Anti-Money Laundering in Al Ansari Exchange Case Study Details Company name: Al Ansari Exchange Headquarters: Dubai, United Arab Emirates Sector: Financial Services Number of employees: 2500 Annual gross revenue: UAED 440.
“From Empire to Chimerica” in “The Ascent of Money” In the chapter “From Empire to Chimerica,” Niall Ferguson traces back the history of the Western financial rise and suggests that nowadays it is being challenged by the developing Eastern world. The hegemonic position of […]
Paper Money and Its Role Throughout History The adoption of the paper money was considered to be beneficial for both the wealth of the country and the individual businessmen.
Artworks Comparison: Les Demoiselles d’Avignon and Tribute Money Though the Les Demoiselles d’Avignon, a fresco created by Picasso, was created in an entirely different epoch than Masaccio’s Tribute Money was, the two artworks still share a range of stylistic, compositional and conceptual similarities, […]
Money, Success, and Relation Between Them In particular, the modern generation attaches so much importance to money in the sense that success and money are presumed to be one and the same thing.
The Relationship Between Money Supply and Inflation It is evidenced that changing the money supply through the central banks leads to a control of the inflationary situations in the same economy.
Prices Rise When the Government Prints too Much Money Makinen notes that an increase in the supply of money in an economy relative to the output in the economy could lead to inflationary pressure on prices of goods and services in the economy.
Money: Evolution, Functions, and Characteristics It acts as medium of exchange where it is accepted by both buyers and sellers; the buyer gives money to the seller in exchange of commodities.
Money Laundering Scene in Police Drama “Ozark” In one of the first season’s episodes, Marty, the main character, illustrates the process of money laundering crime. In the scene, one can see that Marty is fully sane and is committing a crime voluntarily.
Money From the Christian Perspective Work in Christian missions is a business and since it affects the relationship between the missionary and the people he is trying to reach, missionary funding is essential.
Business Case Scenario: Missing Money in a Company A possible scenario explaining how money is missing is through the payroll department my first argument seeks to prove the payroll department as the loophole of the company’s misfortunes.
Sports Stadiums’ Funding by Public Money The issue is controversial from an ethical point of view since not all citizens whose taxes can be spent on the construction of the stadium are interested in or fond of sports.
Money Laundering: The Kazakhgate Case He was accused of breaking the Foreign Corrupt Practices Act of 1974 and money laundering by the U.S.attorney’s office for the Southern District of New York.
The Ways Terrorists Raise and Move Money Moreover, the government has put into action the freezing orders and blocking of united states individuals who are presumed to have a hand in terrorist activities.
“Money as a Weapon” System and Fiscal Triad Furthermore, the fiscal triad encompasses the procurement of products and services and the disbursement and accounting of public funding. Fiscal legislation and contracts are two key components of the “money as a weapon” system.
The Fiscal Triad and Money as a Weapon System The reliance on the unit commanders sparked the development of the complementary strategy, “Money as a Weapon System,” which became a focal point of the Iraq and Afghanistan campaigns.
Saving Money Using Electric or Gas Vehicles The central hypothesis of the study is that the electric car will save more money than gas ones. The main expected outcome that the study is counting on is a confirmation of the presented hypothesis […]
Traditional vs. Modern Forms of Money The most significant argument for the continuing existence of traditional forms of money is the impossibility of converting all financial resources into a digital form.
Time Value of Money: What You Should Know The time value of money is a paramount financial concept, according to which a certain amount is now worth more than the same amount in the future.
The Concept of the Time Value of Money The concept of the time value of money refers to the financial principle noting that a fixed amount of money currently is worth more than the same amount of money in the future.
Play Money Paper: A Report Betas of the Companies in the Portfolio It is noteworthy that in the given portfolio, the beta indices of the companies involved vary considerably.
Integration of Business Ethics in Preventing Money Laundering Schemes The shipping information within the document seems inaccurate with the intention to launder money from the buyer. The contribution of ocean carrier in the transaction process is doubtful to a given extent.
Trade-Based Money Laundering The purpose of this paper is to research the subject of trade-based money laundering, its impact on global scene and export controls, identify types of trade finance techniques used to launder illegal money, and provide […]
Impact of Natural Disasters on Money Markets and Investment Infusion of funds from the central bank during natural disasters results in higher process of exports as a direct result of an increase in the value of the local currency.
The Perception of Money, Wealth, and Power: Early Renaissance vs. Nowadays In the Renaissance period, power was a questionable pursuit and could be viewed as less stable due to more frequent upheavals.
Financial Institutions and Money Money is a store of value because it can be saved now and used to purchase se goods and services in the future.
Researching of the Time Value of Money After receiving the loan, one of the monetary policies that would help PIIGS to stabilize is the deflation of their currency, in this case, the Euro.
Anti-Money Laundering: Financial Action Task Force Meanwhile, given the limited access for physical assessment of state jurisdictions, it is likely that current provisions of FATF are yet to be revised in spite of pandemic travel and assessment restrictions.
Anti-Money Laundering in the UK Jurisdiction The regime adopted in the UK is based on the provisions of “the Terrorism Act of 2000, the Proceeds of Crime Act of 2002, as well as the Money Laundering, Terrorist Financing, and Transfer of […]
Trade-Based Money Laundering and Its Attractiveness The proliferation of the trade-based money laundering is directly related to the growing complexity of international trade systems, where new risks and vulnerabilities emerge and are seen as favorable among terrorist organizations seeking for the […]
Money Laundering and Sanctions Regulatory Frameworks Under the provisions of OFAC, the company has violated the cybersecurity rules that might indirectly bring a significant threat to the national security or the stability of the United States economy by engaging in online […]
Type Borrowing Money: Margin Lending In the defense of the storm financial planning firm, BOQ submitted to the authorities that in view of banking regulatory policies, storm had not contravened any of the policies and this is the reason why […]
Lessons on Financial Planning Using Money Tree Software Financial planning remains a fundamental function among the investors in coming up with a method of using the finances presently and in the future.
The Supply of Money in the Capitalist Economy In the capitalist economy that the world is currently based on, the supply of money plays a significant role in not only affecting salaries and prices but also the growth of the economy.
Time Value of Money Defined and Calculations Simply put, the same value of money today is worth the same value in future. The time value of money can therefore be defined as the calculated value of the money taking into consideration various […]
Money Tree Software: Financial Planning This return is important because: It represents the reward the business stakeholders and owner of the business get in staking their money on the business currently and in the future It rewards the business creditors […]
Money Management: Investment on Exchange-Traded Funds The essay will discuss the possibility of investing in a number of selected ETFs in connection to an investment objective of an individual.
What Is Money Laundering and Is It Possible to Fight It Certainly and more often money involved in laundering is obtained from illegal activities and the main objective of laundering is to ‘clean’ the dirty money and give it a legitimate appearance in terms of source.
Time Value of Money: Choosing Bank for Deposit The value of the money is determined by the rate of return that the bank will offer. The future value of the two banks is $20,000 and $22,000 for bank A and bank B respectively.
How Money Market Mutual Funds Contributed to the 2008 Financial Crisis While how the prices of shares fell below the set $1 per share was a complex process, it became one of the greatest systemic risks posed by the MMMF to the investors and the economy […]
Time Value of Money From an Islamic Perspective Islamic scholars say that the time value of money and the interest rates imposed on money lent are the reasons why the poor keep on getting poor and the rich richer.
Rational Decision Making: Money on Your Mind The mind is responsible for making financial decision and it is triggered by the messages we receive on the day to day activities. Lennick and Jordan explain that, we have two systems in the brain; […]
A Usability Test Conducted on GE Money.com.au It is common knowledge that the easier it is to access services and products on a given website the more likely users will be encouraged to come back.
“Most Important Thing Is Money Ltd”: Vaccination Development Thus, necessary powers have been vested with the Secretary of State for Health in England, through the recommendations of the Joint Committee on Vaccinations and Immunisation to enforce such preventive steps, through necessary programs that […]
Money Investments in the Companies and Bonds The stock volume is on the low level now, about 30, but it is connected with the crisis in the world and the additional investment may support the company and increase it. In general the […]
Money Management in the Organization There is a much debate on the issue and several people an financial experts do analyze the historical perspectives of the Active vs Passive money management.
How the Virus Transformed Money Spending in the US In the article featured in the New York Times, Leatherby and Geller state that the rate at which people spend their money has rapidly decreased due to the emergence of the virus in the United […]
The Role of Money and Class Division in Society The image of modern American society tries in vain to convey the prevalence of personality over social division. Americans’ perception of financial status has been shaped for years by creating the notion of the “American […]
Money and American Classes in 1870-1920 Wherein, the time of the stock market emergence was the time of the ongoing “carnival,” where the mystical power of money transferred to miraculous products and medicines and compelling advertisements.
The Ascent of Money – Safe as Houses Looking from a broad historical perspective, Niall Ferguson devotes the chapter “Save as Houses” to the observation of the real estate concept transformation, describes the place of the real estate market in the economic systems […]
The Ascent of Money – Blowing Bubbles The price for a share tells how much people rely on the cost of the company in the future. The life of a stock market represents the reflection of human moods on the price of […]
Canada’s Role in the History of Money: The Relationship Between Ownership and Control Individuals with the predominant shares gain the directorship of the wealth production channels and as such gain control of the diversified owners.
Why Non-Monetary Incentives Are More Significant Than Money It is important to recognize that both monetary and non-monetary incentives, otherwise known as total rewards, are offered to employees in diverse ways for purposes of attracting and motivating them to the ideals of the […]
To Make Money or Serve the Society? However, when the issue of the corporation to serve the society arises, then it kind of compromises the main focus of the corporation, which is to make money. These have been the major causes of […]
Money Role in Macro Economy The dollar is till now the most accepted currency in the world and this dollar fluctuation that has been caused by the worst recession in American history since the time of the Great Depression is […]
Two Attitudes Toward Money Two attitudes toward money involve negative perception of money as universal evil and positive perception of money as source of good life and prosperity.
Organizational Communication & the “Money” Aspect While the use of this information is critical for both ensuring survival of the organization and being a frontrunner in its strategies for the future, there are large boulders in use of this information effectively, […]
Tax Money Usage on Military Spending Issue The fact that America won the Cold War and defeated the Soviets is taken as a vindication by the American leaders of the need to continue military spending.
Money Makes You Happy: Philosophical Reasoning It is possible to give the right to the ones who think that money can buy happiness. This conclusion is not accepted by psychologists who think that wealth brings the happiness only in the moment […]
“Who Says Money Cannot Buy Happiness” by Lee Investment is a production process for will it bring about goods and services that can be sold to the market and in the process, the owner of the business makes some profit.
Technical Analysis as Active Money Management Method Technical analysis is the financial markets methodology that asserts the capability to foretell the probable course of security charges by the means of past market data study, principally price and volume.
Spare Change: Giving Money to the “Undeserving Poor” To address the central theme of the article, one need to delve deeper into the psyche of giving alms and money to the poor people we meet on the street.
The Use of Money in Business Practices Money is seen as the cause of problems and especially in the minds of emerging market respondents. Through this they can pick up groceries for the old in their neighborhood and make money from this.
Money Laundering and Terrorist Finance However, the balance money after the sham gambling is transferred to another ordinary bank account, thereby creating a legal status for the laundered money as if it has come from gambling and will be employed […]
City Planning. Too Much Money: Why Savings Are Bad The scenario is that the expected growth in economies where the rate of savings is high has not shown a corresponding increase in growth rate also.
Debates in Endogenous Money: Basil Moore The value of the currency was determined by the value of the precious metal used to mint the currency. From the time Federal Reserve took control of money and credit, economic consistency is attained by […]
Money and Banking. Financial Markets The essay will examine the essence and the importance of the above-mentioned financial phenomena and see how their interrelation, especially in the negative context, can influence the state of things in society.
Money and Justice: High-Profile Cases It is estimated that thousands of persons bracketed in the ‘poor’ sector of society go to jail annually in the United States without having spoken to a lawyer.
Accounting for Public Money After Railway Privatization There were very many problems prior to the railway privatization in 1990.one of the problems that led to the privatization of the railway line in the UK was the misappropriation of taxpayers’ money.
Time Value of Money and Its Financial Applications The time value of money refers to the idea that money available at the present time is worth more than the same amount in the future, due to its potential earning capacity.
Time Value of Money in Examples Therefore, re-purchase of the shares appeals to the managers of the company because it will allow the company uses the money to regenerate more money for the purpose of repurchase the shares in the future.
Wall Street Managers: The Art of Making Money In the end, the goal of Wall Street managers is to ensure optimal returns in all of their investments. The evolution of Wall Street managers is etched in the history of financial markets.
Money Laundering in the USA and Australia The International Money Fund has established that the aggregate size of money laundering in the World is approximately four percent of the world’s gross domestic product.
Locke’s Second Treatise of Government and Voltaire’s Candide’s Value on Money Both written at a time when philosophers had started questioning the relevance of capitalism and the concept of wealth creation, it is evident that the two authors were keen on explaining the power of money […]
The Concept of Money Laundering The first issue I have learned is that the main problem lies in the presence of Big Data that includes trillions of transactions of various financial organizations and systems.
Fraud, Money Laundering, and Terrorism Financing After the audacious attack by Al-Qaeda and the destruction of the Twin Towers on 11th of September 2001, terrorism was declared the number one enemy to the peace and stability of the modern world.
Time Value of Money – Preparing for Home Ownership The purchase price of the house is determined by using the following formula in Excel. 66 The down payment is 20% of the future value of the house, i.e, $40,278.13.
Martin Van Buren: Money and Indian Relocation One of the reasons for such collaboration and understanding is the focus on the values we have. I believe this path will bring us to the land we all would like to live in.
The General Theory of Employment, Interest and Money Money is a determinant of the propensity to consume; hence, the more money one makes, the more that he or she consumes and the converse is the case.
The Practice of Saving Money Knowledge of the language is also a very crucial component of EAP as it aids the learner in understanding questions and responding to them in their examinations.another differentiating factor between the two varieties of English […]
Money Market and Value-Based Pricing Consequently, the GDP can be defined by the equation: Y=C+I+G+NX where: Y= Total GDP, C=Consumption by household, I=Investment, G=Government expenditure, NX=Net Exports Net Domestic product entails the reduction of the GDP by the depreciation of […]
How Money Markets Operate? Furthermore, only free markets have shown the resilience that is necessary to accompany the fluctuations in demand and supply of the money markets.
Access Right to Money: Sculpture Theft Among the suspects, there are those in dire need of the money due to financial problems, while others need the values worth of the item and not the actual monetary price attached to the item.
History of Money in Spain The production of coins melted from gold also ceased in the year 1904, with the production of that melted from silver ceasing in the year 1910.
Money Flows and Financial Repression in the US and China From the article, the authors depict how the interest rates in developed countries like the United States compare with those of the emerging markets such as China, India, and Brazil.
Management: “Marketplace Money” and “Undercover Boss” In this case, the accents are made on the support of the healthy workforce in order to guarantee the better employees’ performance and on the idea of rewards as the important aspects to stimulate the […]
Money Compensation for Student-Athletes Besides, sports are highly lucrative for colleges, and students whose labor brings the revenues should share the part of them not to lose the interest in such activities.
Chapters 1-3 of “Money Mechanics” by David Ashby The retained amount of money in the commercial bank is the primary reserve. The banks can decide to reduce their working reserve, and the money obtained is transferred to the excess reserve fund in accounts […]
Banking in David Ashby’s “Money Mechanics” Changes in prices may not have a direct effect on the gross domestic product and the planned expenditures because this is determined by the money that is in supply. This causes the GDP and prices […]
Karl Marx on Commodities, Labor, and Money Division of labour is very important in the production of commodities. The use-value of each commodity contains useful labour.
The UAE Against Money Laundering and Terrorism Financing This valuation of the anti-money laundering and combating the financing of terrorism government of the United Arab Emirates is founded on the forty endorsements and the nine special commendations on extremist supporting of the monetary […]
UAE Anti-Money Laundering Laws and Their Benefits The legal maintenance of counteraction to the legalization of criminal incomes is carried out by means of a system of laws and regulations, controlling financial, bank, and customs relations and establishing the order of licensing […]
Money, Their Features, Functions and Importance The first hindrance is the inability of the household to monitor the activities of firms. In this case, it is used to state the value of debt.
Happiness Without Money in Sociology and Psychology The tendency’s mechanics are simple – being in the possession of any substantial sum of money increases a person’s chance to secure a dominant status within the society, which in turn will result in strengthening […]
Money Market Development Factors The money market is one of the fundamental elements in the functioning of any state. Under these conditions, the gradual rise of technologies and their implementation in the sphere of financial operations alter the money […]
“God’ Money is Now My Money” by Stanley Seat It could be said that different priorities and the lack of time for supervision of the employees are the critical reasons for the violation of rules and high frequency of fraud in the religious institutions […]
International Money Laundering Thus, money laundering has a profound impact on the state of the global economy, as well as on the economy of the U.S.
Cybercrime and Digital Money Laundering The result of the investigation was the indictment of Western Express and a number of the company’s clients for several charges including stolen credit card data trafficking and money laundering.
Hawala Remittance System: Anti-Money Laundering Compliance The existence and operation of money remittance systems is one of the primary features of developing economic relation at all scales from local to the global ones.
Time Value of Money in Economies of Scale Also, the investigation of the VoF becomes easier by means of scrutinizing the tradeoff between the TVM and the EoS. The TVM is also employed to reach the integration of infrastructure investment valuation and risk […]
Time Value of Money in Investment Planning The author of the post makes a good point that an amount of money is worth more the sooner it is received.
David Leonhardt: May Be Money Does Buy Happiness After All The case study of Japanese citizens that support Easterlin paradox do not factor in the confounding psychological effects of the Second World War on the entire population and the country.
Illegal Drug Use, Prostitution and Money Laundering Upon discussing the impact of money laundering, illegal drugs, and prostitution, the paper proposes the issuing of a court order restraining the use of wealth acquired from victimless crimes as one of the approaches to […]
Getting Beyond: Show Me the Money Nevertheless, underpayment and overpayment are common, leading to dissatisfaction. Notably, compensation is part culture, but analytics will gain traction in the big data era, as start-ups leverage such advantages from experts to manage a sales […]
Space Programs: Progress or Waste of Money? According to Ehrenfreund, the ingenuity to develop technologies and work in space is part of the progress that comes from space programs. Space programs have led to the development of technologies that improve air transport.
“The Money Machine: How the City Works” by Coggan The media plays a chief role in educating the public concerning the various financial matters that affect the undertakings of the City.
Money Evolution in Ancient Times and Nowadays In the means to defining what money is, most of the scholars from the psychological and physiological field have come up with the theoretical aspects of money and the ways it influences the economic growth […]
Fraud and Crime Theory in the “Black Money” Movie The movie shows the irregularities involved in the acquisition of arms for the Saudi government. The movie is a perfect display of the international crimes and financial fraud that has been on the rise in […]
Mercantilism, Stamped Money, and Under-Consumption It is paramount to note that he criticizes ideas of Ricardo quite frequently, and he believed that he did not consider the ideas that were suggested by other prominent economists.
Money Evolution in the 21st Century and Before The history of the world cannot be described effectively without identifying the function of money. Money has been used to measure the value of resources and financial markets.
Financial Crisis in Ferguson’s “The Ascent of Money” By Ferguson, the main purpose of the historian is to relieve humanity from the financial illusions on the examples of the past.
Monetary Policy in “The Ascent of Money” by Ferguson The rise of Babylon is closely linked to the evolution of the concept of debt and credit; without bond markets and banks, the brilliance of the Italians would not have materialized; the foundation of the […]
The Airtel Money Service: Indian and African Paths When comparing the Indian and African paths in introducing the service, the first difference that arises is the main user of the service as in the case of India, it was the lower middle class.
Money History, Ethical and Social Standarts
World Money History in the 20th Century and New Objects of Value
Locke’s Work on Interest and Value of Money
Money in the “Sheriff of Cape Breton” Case Study
Medieval England in “Treatise on the New Money”
Blowing Bubbles in Ferguson’s “The Ascent of Money”
Treatise on the New Money: Document Analysis
Human Bondage in Ferguson’s “The Ascent of Money”
Money History, Bonds, Market Bubbles, and Risks
Park Avenue: Money, Power and the American Dream
Deflation in the Quantity Theory of Money
Money, Its Purpose and Significance in History
“Who Stole the Money, and When?” by Greenberg
Money History From the Middle Ages to Mercantilism
Money Development From 600 BC to Nowadays
Money Development and Its Stages in World History
Market Society in “What Money Can’t Buy” by Sandels
Employee Theft in “Who Stole the Money, and When?”
European Union Anti-Money Laundering Directive
T-Shirts “SENIOR 2016” and Time Value of Money
Time and Money in “Neptune’s Brood” by Charles Stross
“College Is a Waste of Time and Money” by Bird
Virgin Money Company’s Business Model in Canada
Money in History and World Cultures
Is College Education Worth the Money
Weddings, Marriage, and Money in the UAE
Money and Happiness Connection – Philosophy
The Ascent of Money: A Financial History of the World
“Art for Money’s Sake” by William Alden
Money’s and Banking’ Concepts
Central Bank of Bahrain and Money Supply Regulation
Psychological Research: Money Can Buy Happiness
Finance: The History of Money
Finance in the Book “The Ascent of Money” by Niall Ferguson
Criminal Law: Blood Money From the Human Organs Sale
Money as an Emerging Market Phenomenon
Cyber-Crime – New Ways to Steal Identity and Money
The Case of Stolen Donation Money
Time Value of Money
Money and Banking: The Economic Recession of 2007
Money and Banking: David S. Ashby’s Perspective
Christian Moral Teaching and Money
Money and Capital Markets: Turkey, India and China
Money and Capital Markets: Central Banks
Exploring the Relationship Between Education and Money
Anti Money Laundering and Combating the Financing of Terrorism
Mobile Money Transfer as an Alternative Product for Vodafone Group Plc
UK and USA During the Period 2000-2010: Consumer Price Index, Unemployment Rate, Money Supply and Interest Rate
Are Workers Motivated Mainly by Money?
Money Mechanics in the U.S.
Money and Markets vs. Social Morals
Money Laundering In Saudi Arabia
Inflation Tax – Printing More Money to Cover the War Expenses
Banks and the Money Supply
Money Mechanics in Banks System
Money Laundering In Russia
Money and Work Performance
Sports and Money in Australia
Money Supply and Exchange Rates
Mobile Money Transfer Service
Central Banking and the Money Supply
The Different Roles Played By the Central Bank, Depository Institutions, and Depositors in the Determination of Money Supply
Jean-Jacques Rousseau and Karl Marx: The Role of Money in Human Life
How Saudi Banks Deal With Money Laundery
The Ascent of Money
Niall Ferguson’s ‘The Ascent of Money’
Role of Money in the American Dream’s Concept
Money, Motivation and Employee Performance
Money and Commodity Circulatory Processes
Motivate Your Employees produced by BNet Video for CBS Money Watch
We Should Use Tax Money to Enforce Mandatory Drug Treatments on Drug
The World Surrounded by Money
The World of Money
Federal Reserve; Money and Banking
Ways to Spend Money in Saudi Arabia
Sports Industry: Morality vs. Money
Making Money on Music: The Company That Has to Stay Afloat
Federal Reserve and the Role of Money in It
What Do Money and Credit Tell Us About Actual Activity in the United States?
What Influence Does Money Have on Us Politics?
Can Money Change Who We Are?
Does Government Spending Crowd Out Donations of Time and Money?
Does More Money Mean More Bank Loans?
Are Corporate Ceos Earning Too Much Money?
Did the Turmoil Affect Money-Market Segmentation in the Euro Area?
How Appealing Are Monetary Rewards in the Workplace?
How Does Inflation Affect the Function of Money?
Can Banks Individually Create Money Out of Nothing?
Are Credit Cards Going to Be the Money of the Future?
Does Money Protect Health Status?
Can Cryptocurrencies Fulfill the Functions of Money?
What Tools Used by the Federal Reserve to Control Money Supply?
Are Athletes Overpaid Money Professional Sports?
Does Electronic Money Mean the Death of Cash?
What Does Motivate Employees and Whether Money a Key?
What Are the Three Functions of Money?
Are Gym Memberships Worth the Money?
Does Broad Money Matter for Interest Rate Policy?
Does Money Help Predict Inflation?
Does One’s Success Depend on the Amount of Money a Person Earns?
How Does Federal Reserve Control the Money Supply?
Does Interest Rate Influence Demand for Money?
Does Commodity Money Eliminate the Indeterminacy of Equilibria?
Are College Degrees Worth the Money?
Can Money Matter for Interest Rate Policy?
How Banks Create Money and Impact of Credit Booms?
How Can Virtualization Save Organization Money?
Can Money Diminish Student Performance Disparities Across Regions?
Chicago (A-D)
Chicago (N-B)

IvyPanda. (2024, March 2). 260 Money Topics to Write About & Essay Examples. https://ivypanda.com/essays/topic/money-essay-topics/

"260 Money Topics to Write About & Essay Examples." IvyPanda , 2 Mar. 2024, ivypanda.com/essays/topic/money-essay-topics/.

IvyPanda . (2024) '260 Money Topics to Write About & Essay Examples'. 2 March.

IvyPanda . 2024. "260 Money Topics to Write About & Essay Examples." March 2, 2024. https://ivypanda.com/essays/topic/money-essay-topics/.

1. IvyPanda . "260 Money Topics to Write About & Essay Examples." March 2, 2024. https://ivypanda.com/essays/topic/money-essay-topics/.

Bibliography

IvyPanda . "260 Money Topics to Write About & Essay Examples." March 2, 2024. https://ivypanda.com/essays/topic/money-essay-topics/.

Wall Street Questions
Time Management Essay Titles
Stress Titles
Bitcoin Research Topics
Technology Essay Ideas
Charity Ideas
Economic Topics
Cheating Questions

Essay on Money

Money is a significant part of human civilisation. It is difficult to think about the world without money. Everybody needs money for various purposes, starting from day-to-day transactions to savings for the future. But if we go back to history, we will find that before money came into existence, there was a barter system to facilitate transactions among individuals in society. With the development of civilisation over time, the barter system lost its ground and was replaced by money. This essay on money will provide ideas to students so they can effectively write essays on this topic. They can also check out the list of CBSE Essays to practise more essays on different topics and boost their writing skills.

500+ Words Essay on Money

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts which also acts as a standard of deferred payments. The main functions of money are distinguished as: a medium of exchange, a unit of account and a store of value. The money supply of a country consists of currency (banknotes and coins) and bank money. Bank money usually forms the largest part of the money supply.

With the help of money, we can fulfil our dream. We can go on trips to various places, eat tasty food, buy a beautiful house and can buy any luxury items. Many businessmen earn a lot of money by making profits from their businesses. They provide services or make products that people need and make money from them. Now, there are many industries and startups which have set up their business and gained success. But still, there are many people who use illegal modes to earn money and become a part of corruption.

Significance of Money in Economy

Money plays an important role in shaping the economy of any country. Money can stimulate or even hamper economic progress. Money affects the income, output, employment, consumption and economic welfare of the community at large. Money through its purchasing power increases consumption and, as a store of value, increases investment, and employment and leads to economic development.

Demonetisation in India

The Prime Minister of India, Narendra Modi, announced demonetisation on 8th November 2016, where Rs 500 and Rs 1000 notes were withdrawn from circulation. It was a major event of the year 2016. The demonetisation decision was taken by the Government in consultation with the RBI. The action was taken to tackle Black Money which is available in various forms like cash, investment in property and real estate, luxury goods like jewellery or with foreign currency dealers and private financiers. The target was to curb the use of black money.

The other motto of demonetisation was to reduce corruption. With demonetisation, the cash in the hands of corrupt people becomes useless, and if the same is deposited in the banks, it loses anonymity, and the person has to pay taxes on the said amount.

The demonetisation also helped in promoting digitalisation through online transactions. A large section of the Indian economy was being run on the cash system, which does not get captured by the tax department as it does not leave any trail. So, the Government thought about promoting digitisation and formalisation of the economy through online transactions, e-wallets, and various payment instruments like Paytm, Rupay cards, the BHIM app etc. The beauty of these instruments is that the entire economic activity gets captured. It reduces tax evasion and improves tax collection.

Students must have found this essay on money useful for improving their essay-writing skills. They can get the study material and the latest updates on CBSE/ICSE/State Board/Competitive Exams, at BYJU’S.

Register with BYJU'S & Download Free PDFs

Counselling

CBSE Class 10th
CBSE Class 12th
UP Board 10th
UP Board 12th
Bihar Board 10th
Bihar Board 12th
Top Schools in India
Top Schools in Delhi
Top Schools in Mumbai
Top Schools in Chennai
Top Schools in Hyderabad
Top Schools in Kolkata
Top Schools in Pune
Top Schools in Bangalore

Products & Resources

JEE Main Knockout April
Free Sample Papers
Free Ebooks
NCERT Notes
NCERT Syllabus
NCERT Books
RD Sharma Solutions
Navodaya Vidyalaya Admission 2024-25
NCERT Solutions
NCERT Solutions for Class 12
NCERT Solutions for Class 11
NCERT solutions for Class 10
NCERT solutions for Class 9
NCERT solutions for Class 8
NCERT Solutions for Class 7
JEE Main 2024
MHT CET 2024
JEE Advanced 2024
BITSAT 2024
View All Engineering Exams
Colleges Accepting B.Tech Applications
Top Engineering Colleges in India
Engineering Colleges in India
Engineering Colleges in Tamil Nadu
Engineering Colleges Accepting JEE Main
Top IITs in India
Top NITs in India
Top IIITs in India
JEE Main College Predictor
JEE Main Rank Predictor
MHT CET College Predictor
AP EAMCET College Predictor
GATE College Predictor
KCET College Predictor
JEE Advanced College Predictor
View All College Predictors
JEE Main Question Paper
JEE Main Cutoff
JEE Main Advanced Admit Card
JEE Advanced Admit Card 2024
Download E-Books and Sample Papers
Compare Colleges
B.Tech College Applications
KCET Result
MAH MBA CET Exam
View All Management Exams

Colleges & Courses

MBA College Admissions
MBA Colleges in India
Top IIMs Colleges in India
Top Online MBA Colleges in India
MBA Colleges Accepting XAT Score
BBA Colleges in India
XAT College Predictor 2024
SNAP College Predictor
NMAT College Predictor
MAT College Predictor 2024
CMAT College Predictor 2024
CAT Percentile Predictor 2023
CAT 2023 College Predictor
CMAT 2024 Admit Card
TS ICET 2024 Hall Ticket
CMAT Result 2024
MAH MBA CET Cutoff 2024
Download Helpful Ebooks
List of Popular Branches
QnA - Get answers to your doubts
IIM Fees Structure
AIIMS Nursing
Top Medical Colleges in India
Top Medical Colleges in India accepting NEET Score
Medical Colleges accepting NEET
List of Medical Colleges in India
List of AIIMS Colleges In India
Medical Colleges in Maharashtra
Medical Colleges in India Accepting NEET PG
NEET College Predictor
NEET PG College Predictor
NEET MDS College Predictor
NEET Rank Predictor
DNB PDCET College Predictor
NEET Admit Card 2024
NEET PG Application Form 2024
NEET Cut off
NEET Online Preparation
Download Helpful E-books
Colleges Accepting Admissions
Top Law Colleges in India
Law College Accepting CLAT Score
List of Law Colleges in India
Top Law Colleges in Delhi
Top NLUs Colleges in India
Top Law Colleges in Chandigarh
Top Law Collages in Lucknow

Predictors & E-Books

CLAT College Predictor
MHCET Law ( 5 Year L.L.B) College Predictor
AILET College Predictor
Sample Papers
Compare Law Collages
Careers360 Youtube Channel
CLAT Syllabus 2025
CLAT Previous Year Question Paper
NID DAT Exam
Pearl Academy Exam

Predictors & Articles

NIFT College Predictor
UCEED College Predictor
NID DAT College Predictor
NID DAT Syllabus 2025
NID DAT 2025
Design Colleges in India
Top NIFT Colleges in India
Fashion Design Colleges in India
Top Interior Design Colleges in India
Top Graphic Designing Colleges in India
Fashion Design Colleges in Delhi
Fashion Design Colleges in Mumbai
Top Interior Design Colleges in Bangalore
NIFT Result 2024
NIFT Fees Structure
NIFT Syllabus 2025
Free Design E-books
List of Branches
Careers360 Youtube channel
IPU CET BJMC
JMI Mass Communication Entrance Exam
IIMC Entrance Exam
Media & Journalism colleges in Delhi
Media & Journalism colleges in Bangalore
Media & Journalism colleges in Mumbai
List of Media & Journalism Colleges in India
CA Intermediate
CA Foundation
CS Executive
CS Professional
Difference between CA and CS
Difference between CA and CMA
CA Full form
CMA Full form
CS Full form
CA Salary In India

Top Courses & Careers

Bachelor of Commerce (B.Com)
Master of Commerce (M.Com)
Company Secretary
Cost Accountant
Charted Accountant
Credit Manager
Financial Advisor
Top Commerce Colleges in India
Top Government Commerce Colleges in India
Top Private Commerce Colleges in India
Top M.Com Colleges in Mumbai
Top B.Com Colleges in India
IT Colleges in Tamil Nadu
IT Colleges in Uttar Pradesh
MCA Colleges in India
BCA Colleges in India

Diploma Colleges

Top Diploma Colleges in Maharashtra
UPSC IAS 2024
SSC CGL 2024
IBPS RRB 2024
Previous Year Sample Papers
Free Competition E-books
Sarkari Result
QnA- Get your doubts answered
UPSC Previous Year Sample Papers
CTET Previous Year Sample Papers
SBI Clerk Previous Year Sample Papers
NDA Previous Year Sample Papers

Upcoming Events

NDA Application Form 2024
UPSC IAS Application Form 2024
CDS Application Form 2024
CTET Admit card 2024
HP TET Result 2023
SSC GD Constable Admit Card 2024
UPTET Notification 2024
SBI Clerk Result 2024

Other Exams

SSC CHSL 2024
UP PCS 2024
UGC NET 2024
RRB NTPC 2024
IBPS PO 2024
IBPS Clerk 2024
IBPS SO 2024
Top University in USA
Top University in Canada
Top University in Ireland
Top Universities in UK
Top Universities in Australia
Best MBA Colleges in Abroad
Business Management Studies Colleges

Top Countries

Study in USA
Study in UK
Study in Canada
Study in Australia
Study in Ireland
Study in Germany
Study in China
Study in Europe

Student Visas

Student Visa Canada
Student Visa UK
Student Visa USA
Student Visa Australia
Student Visa Germany
Student Visa New Zealand
Student Visa Ireland
CUET PG 2024
IGNOU B.Ed Admission 2024
DU Admission 2024
UP B.Ed JEE 2024
LPU NEST 2024
IIT JAM 2024
IGNOU Online Admission 2024
Universities in India
Top Universities in India 2024
Top Colleges in India
Top Universities in Uttar Pradesh 2024
Top Universities in Bihar
Top Universities in Madhya Pradesh 2024
Top Universities in Tamil Nadu 2024
Central Universities in India
CUET Exam City Intimation Slip 2024
IGNOU Date Sheet
CUET Mock Test 2024
CUET Admit card 2024
CUET PG Syllabus 2024
CUET Participating Universities 2024
CUET Previous Year Question Paper
CUET Syllabus 2024 for Science Students
E-Books and Sample Papers
CUET Exam Pattern 2024
CUET Exam Date 2024
CUET Cut Off 2024
CUET Exam Analysis 2024
IGNOU Exam Form 2024
CUET 2024 Exam Live
CUET Answer Key 2024

Engineering Preparation

Knockout JEE Main 2024
Test Series JEE Main 2024
JEE Main 2024 Rank Booster

Medical Preparation

Knockout NEET 2024
Test Series NEET 2024
Rank Booster NEET 2024

Online Courses

JEE Main One Month Course
NEET One Month Course
IBSAT Free Mock Tests
IIT JEE Foundation Course
Knockout BITSAT 2024
Career Guidance Tool

Top Streams

IT & Software Certification Courses
Engineering and Architecture Certification Courses
Programming And Development Certification Courses
Business and Management Certification Courses
Marketing Certification Courses
Health and Fitness Certification Courses
Design Certification Courses

Specializations

Digital Marketing Certification Courses
Cyber Security Certification Courses
Artificial Intelligence Certification Courses
Business Analytics Certification Courses
Data Science Certification Courses
Cloud Computing Certification Courses
Machine Learning Certification Courses
View All Certification Courses
UG Degree Courses
PG Degree Courses
Short Term Courses
Free Courses
Online Degrees and Diplomas
Compare Courses

Top Providers

Coursera Courses
Udemy Courses
Edx Courses
Swayam Courses
upGrad Courses
Simplilearn Courses
Great Learning Courses

Importance of Money Essay - 100, 200, 500 Words

Money is a commodity accepted by general consent as a medium of economic exchange. It is the principal measure of wealth. It is any good that is widely used and accepted in transactions. Human life will have a lot of changes with the presence and absence of money. Money has become the most vital part of life.

100 Words Essay On Importance Of Money

Money is a critical factor in our lives as it helps us to meet our basic needs and desires. It provides us with a sense of security and helps us to plan for the future. Money enables us to buy food, shelter, and clothing, and to access healthcare and education. Additionally, it provides us with the means to enjoy leisure activities and to travel. Money is also important in terms of personal and professional development, as it allows individuals to invest in themselves and their careers. Furthermore, money plays a crucial role in the economy, as it is used for transactions and for saving and investing.

200 Word Essay On Importance Of Money

The status of a person in society is impacted by how much money they have. We all desire financial success either b y working hard or succeeding in business. However, only a few people seize the opportunity to realise their dream of becoming a millionaire. Money also provides a measure of economic stability, as it allows for the management of inflation and the allocation of resources. On a personal level, money helps to meet basic needs and provide a sense of security, allowing individuals to plan for the future and pursue their goals and aspirations.

Everyone needs money, no matter how wealthy they are. Knowing the value of money in our lives helps us to avoid wasting or squandering it for any reason. The only reason for all the changes and variations in life is money. From the moment we begin till the moment we go to sleep, everything that happens in between requires the use of money. However, it is important to remember that money is not everything, and that true happiness and fulfillment come from other sources such as relationships, personal growth, and contributing to the community. Money is important, but it should not be the driving force in one's life.

500 Word Essay On Importance Of Money

Creation of money.

People bartered for goods and services before money was invented. About 5000 years ago, the Mesopotamian people created the shekel. This is considered the first known form of currency. Around 650 to 600 BC, gold & silver coins were stamped and used to pay armies. From then to now, money's importance has been increasing daily.

Origin of money

The word money is derived from the Latin word "Moneta" . Moneta means coin . In the ancient world, Juno was often associated with money.

Types of Money

There are seven types of money—representative, fair, paper, commodity, coinage, digital and commercial bank money . This money is used for exchange depending on their need and requirement.

Properties of money

The different properties of money are durability, divisibility, portability, uniformity, acceptability and limited supply. Having such unique and essential properties adds value to money.

Basic Need For Money

No matter their financial situation, everyone needs money. Money is required for many things, including purchasing clothing, housing, food, and other necessities. It's imperative to satisfy these needs. Our personal and societal well-being will suffer severely if we don't have enough money to achieve it.

Uses of money

In reality, we can say there are only five main uses for money

We can use it to live.

We can give it.

We can pay taxes.

We can repay debt and

We can save or grow it.

Power Of Money

Money has significant power to rule human life. It provides people with the ability to have the freedom to do what they want, be who they want and go where they want. Life with money will have success, freedom, choice, security, happiness and many more. Without money, we would be reduced to a barter economy. For every penny we spend in life, we need to think twice about whether it is worth it. Life without money shows us what adjustment is, what scarcity or starving for food is.

Impact Of Money

Money has a significant impact on our lives, influencing various aspects such as:

Basic necessities: Money allows us to meet our basic needs such as food, shelter, clothing, and healthcare.

Security: Having a stable source of income provides financial security, allowing us to plan for the future and reducing stress.

Career and personal development: Money provides the means for individuals to invest in themselves and their careers, allowing for personal growth and professional advancement.

Lifestyle: Money affects our lifestyle and the choices we make, from the type of home we live in to the leisure activities we pursue.

Relationships: Money can influence relationships, as disagreements over financial issues are common and can cause stress and tension.

Social status: Money affects social status, as income and wealth can determine access to certain opportunities and experiences.

Mental well-being: Money has a significant impact on mental health, as financial stress and insecurity can cause anxiety and depression.

In conclusion, money affects many aspects of our lives and has the potential to greatly impact our well-being, both positively and negatively. It is important to manage money wisely and to strive for financial stability while also balancing other important aspects of life.

Applications for Admissions are open.

Aakash iACST Scholarship Test 2024

Get up to 90% scholarship on NEET, JEE & Foundation courses

ALLEN Digital Scholarship Admission Test (ADSAT)

JEE Main Important Physics formulas

As per latest 2024 syllabus. Physics formulas, equations, & laws of class 11 & 12th chapters

PW JEE Coaching

Enrol in PW Vidyapeeth center for JEE coaching

PW NEET Coaching

Enrol in PW Vidyapeeth center for NEET coaching

JEE Main Important Chemistry formulas

As per latest 2024 syllabus. Chemistry formulas, equations, & laws of class 11 & 12th chapters

Download Careers360 App's

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

Certifications

We Appeared in

Essay on Importance of Money

Students are often asked to write an essay on Importance of Money in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Importance of Money

Introduction.

Money is a crucial part of our lives. It is the medium used for exchange of goods and services, and it helps us meet our basic needs.

Significance in Daily Life

Money allows us to acquire food, shelter, and clothing. Without money, survival would be difficult.

Role in Society

Money also plays a societal role. It helps us contribute to community development through taxes.

While money is important, it’s not everything. It’s a tool for survival and contribution, but happiness and fulfillment also require love, health, and peace.

Also check:

Speech on Importance of Money

250 Words Essay on Importance of Money

The significance of money.

Money, a medium of exchange, is a fundamental component of modern society. It is a tool that allows us to acquire goods, services, and experiences, thus playing a vital role in our lives.

Money as a Means of Exchange

Money simplifies trade, replacing the need for a direct barter system. It provides a standardized measure of value, enabling us to understand the worth of various commodities. This standardization facilitates smooth economic transactions and promotes economic efficiency.

Money and Freedom

Money also provides a certain level of freedom. It allows individuals to make choices about their lifestyle, from basic necessities to luxury items. It grants us the liberty to explore different opportunities, be it travel, education, or investment.

Money and Social Status

In many societies, money is often equated with power and status. While this perspective can lead to materialism and inequality, it also motivates individuals to strive for financial stability, fostering innovation and economic growth.

Money as a Tool, Not a Goal

However, it is crucial to remember that money is a means to an end, not an end in itself. The pursuit of money should not overshadow the importance of relationships, health, and personal fulfillment.

In conclusion, money holds significant importance in our lives. It is the cornerstone of economic activity, a catalyst for personal freedom, and a symbol of status. However, its value lies in its ability to enable us to achieve our goals, not in its mere accumulation.

500 Words Essay on Importance of Money

Money, often seen as a simple medium of exchange, plays a pivotal role in modern society. Its importance transcends mere transactions, permeating every aspect of our lives – from the economy to social structures, personal relationships, and even our sense of self-worth.

The Economic Imperative

At its most basic level, money is the lifeblood of any economy. It facilitates trade, allowing for the efficient exchange of goods and services. Without money, barter would be the only alternative – a system fraught with inefficiencies and limitations. Money, therefore, enables economic growth by allowing for specialization and the division of labor.

Money as a Social Construct

Beyond its economic function, money also plays a crucial role in society. It is a social construct that shapes and is shaped by our societal norms and values. Money can affect social dynamics, influencing relationships and power structures. It can serve as a tool for social mobility or conversely, a means of maintaining social stratification.

The Psychological Dimension

Money also has a profound psychological impact. It can influence our behavior, our motivations, and even our sense of self. Money can provide a sense of security and freedom, but it can also lead to stress and anxiety. The desire for money can motivate us to work harder and strive for success, but it can also lead to greed and materialism.

Money and Happiness

The relationship between money and happiness is a complex one. While money can provide for our basic needs and desires, research suggests that beyond a certain point, additional wealth does not lead to additional happiness. This suggests that while money is important, it is not the be-all and end-all of life.

In conclusion, the importance of money cannot be understated. It is a crucial component of our economy, a significant social construct, and a powerful psychological influence. However, it is also important to remember that money is a means to an end, not an end in itself. The pursuit of money should not overshadow the pursuit of happiness, fulfillment, and meaningful relationships. As society continues to evolve, so too will our understanding and use of money, necessitating an ongoing exploration of its role and importance in our lives.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

Essay on Happiness Is More Important Than Money
Essay on Expensive Weddings Are a Waste of Money
Essay on Pocket Money Advantages and Disadvantages

Apart from these, you can look at all the essays by clicking here .

Happy studying!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Question and Answer forum for K12 Students

Money Essay | Importance and Benefits of Money Essay in English

Money Essay: Money is a vital wellspring of everyday routine to experience a solid and satisfying life, despite the fact that it can not measure up to adore and mind. Both have their own significance and benefit. We are giving articles on Money to partake in a paper composing contest in basic and basic words here.

Money is the medium utilized by individuals to purchase required labor and products. It is utilized as the source to satisfy fundamental requirements and is additionally a wellspring of solace throughout everyday life. Money is the main source to carry on with a sound and prosperous life; nonetheless, it couldn’t measure up to the meaning of affection and care. Both have their own significance and advantages. By the way, Money is a helpful and important product to live cheerily arranging all your standard liabilities towards your family and friends and family.

You can read more Essay Writing about articles, events, people, sports, technology many more.

Short Essay on Money 300 Words in English

Money is the fundamental need of life, without which nobody can envision a sound and tranquil life. We need money to satisfy our littlest needs. In present-day times, when progress is growing quickly and everybody is following western culture, in such a period, we need more money because of expanding merchandise. On prior occasions, there was training called trade framework, in which anybody would get another thing in return for a certain something. In any case, presently in this advanced world, just Money is expected to purchase everything or thing. it happens.

These days you need Money for each work, for garments, for food, for a safe house and surprisingly in numerous spots you need to pay for water. Despite the fact that it can likewise be said that ‘Money can’t give joy’s yet would you be able to be content with no Money? Since Money is a major piece of our life, at any rate you need Money to be content.

The significance of Money is expanding step by step, in light of the fact that our living has gotten over the top expensive. The significance of Money has expanded for a huge scope in the fields of creation, utilization, trade, circulation, public income and so on It assumes a vital part in deciding pay, work, continues partnership, general value level and so on On the off chance that we take a gander at the present-day situation, there is no uncertainty that he, who has a lot of riches, is viewed as more cultivated on the planet. Consequently, we can say that Money is vital in each part of life.

Importance of Money

Money is a fundamental thing throughout everyday life. In any case, it can’t accept things like time, love and genuine consideration. It can just satisfy the outer requirements of an individual and not the interior necessities like love. These days, everything has gotten costly yet getting them is vital to carry on with basic life. In the event that we don’t have money, nobody can envision the reality of how our circumstances will be.

The demise of an individual is sure because of the absence of Money and on the off chance that he endures, he experiences to confront numerous difficulties. Abundance empowers us to purchase every one of the essential things and helps us for the duration of our life. In the event that we comprehend the significance of Money throughout everyday life, we won’t ever go through Money with no reason or abuse. We can’t look at Money and love, in light of the fact that to carry on with a fruitful life we need both Money and love.

In this cutthroat world, to bring in Money by finding a decent line of work, everybody needs to concentrate well with advanced education from a notable school or college. An individual needs to bring in more money to satisfy the prerequisite of the relative multitude of individuals in the family, particularly for the individual who is the lone worker in the family.

An individual necessities Money to address the issues of all his relatives to eat, wear, and live. The rich have an uncommon personality and notoriety in the general public, be that as it may, the needy individuals spend their lives just getting two suppers per day. Every one of these progressions and contrasts are because of Money as it were.

In any place where there is a shortage of money in the house, there are a lot of struggles. There are squabbles among a couple. Neither does anybody regard each other in the case of bringing in Money. Neighbors and family members likewise peer downward on the destitute individual. He begins cutting her reasoning that the individual never requests Money from her. With this, nobody needs to get to know a destitute individual in the present time.

Money can neither purchase nor stop time nor purchase genuine romance and care together. Yet at the same time it is needed by all, so life can be taken in the correct way. Despite the fact that Money can’t give time and love, it certainly gives us bliss, certainty, fulfillment, physical and mental harmony. Because of which we can carry on with life effectively and each troublesome issue can be settled.

Advantage from Money

You can carry on with a conscious life: An individual is regarded just when he is monetarily prosperous. Something else, in the present society, the bankrupt individual has no regard.

Unadulterated and nutritious food can be eaten: The individuals who have abundance can appreciate an assortment of heavenly and nutritious dinners. What’s more, they can shield themselves from sicknesses.

Your assurance should be possible: In the present society, burglary, theft have expanded a great deal and rich individuals can give security to themselves because of Money.

The credit is repayable: Obligation taken from an individual rich individual can reimburse the credit without any problem.

The happiness regarding material delights can be achieved: With an adequate measure of riches, all material solaces can be appreciated like taking a decent house, great garments, vehicles and different things.

FAQ’s on Money Essay

Question 1. What is the requirement for money?

Answer: The main capacity of cash is to fill in as a mechanism of trade. As a mechanism of trade, cash addresses every one of the troubles of the deal. There is no need for a twofold fortuitous event of needs in a cash economy.

Question 2. What are the benefits of money?

Answer: Having money with you gives you a respectful life, you can have a healthy and nutritious life, you can pay your loans, have a luxurious life, etc.

Question 3. How can we earn money?

Answer: There are a number of ways to earn money such as;

You can be an employee in a company
You can start your own business
You can be an entrepreneur
You can use social media channels to provide your service

Essay on Money

Money, often symbolized by currency, coins, and digital figures, serves as the cornerstone of modern civilization. Its role extends beyond mere transactional utility; it shapes economies, influences societal structures, and impacts individual lives. This essay delves into the multifaceted nature of money, exploring its significance, functions, and implications for both societies and individuals.

The Concept and Evolution of Money

Money, in its essence, is a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment. Its evolution from barter systems to digital currencies illustrates humanity’s quest for efficiency and reliability in economic transactions. This transition from tangible goods to virtual assets underscores the adaptability and innovation inherent in the concept of money.

The Functions of Money in Society

Money serves several important functions in society, which collectively contribute to the smooth functioning of economies and the facilitation of various transactions. These functions of money are often referred to as the “money functions” and include:

Medium of Exchange: Money is primarily used as a medium of exchange, meaning it acts as an intermediary in transactions. Instead of bartering goods and services directly, people use money to buy and sell, making transactions more convenient and efficient.
Unit of Account: Money provides a common measure of value that allows individuals and businesses to assess the worth of goods and services. It simplifies price comparisons and financial planning, facilitating economic decision-making.
Store of Value: Money functions as a store of value, allowing people to save wealth and transfer purchasing power into the future. Money maintains its value over time, making it a reliable way to store and preserve wealth.
Standard of Deferred Payment: Money enables individuals and businesses to enter into contracts that involve payments or debts to be settled in the future. It provides a stable and agreed-upon unit for these deferred payments, ensuring that contracts can be honored over time.
Liquidity: Money is highly liquid, meaning it can be quickly converted into goods or services without loss of value. This liquidity allows individuals and businesses to address unexpected expenses or seize opportunities promptly.
Facilitates Specialization and Trade: Money facilitates economic specialization, as individuals can focus on producing goods or services they are most efficient at, knowing that they can use money to obtain what they need from others. This specialization and trade boost overall economic efficiency.
Reduces the Double Coincidence of Wants: In a barter system, both parties in a trade need to desire what the other offers. Money eliminates this requirement, making transactions more feasible and promoting a wider range of economic activities.
Promotes Economic Growth: The availability of money encourages investment, lending, and borrowing, which are essential for economic growth. Entrepreneurs can access funds to start or expand businesses, leading to increased production and job creation.

Money and Economic Systems

The circulation of money is the lifeblood of any economy. It enables the production, distribution, and consumption of goods and services, driving economic activity. Monetary policies, managed by central banks, play a crucial role in regulating money supply, controlling inflation, and stabilizing economies. The intricate dance between money supply, interest rates, and economic health reflects the profound impact of money on national and global scales.

The Psychological Aspects of Money

Money also wields considerable psychological influence, affecting perceptions, behaviors, and well-being. It is often seen as a symbol of power, status, and success, influencing social dynamics and personal relationships. The pursuit of money, while a motivator for achievement and security, can also lead to stress, greed, and ethical compromises, highlighting the dual-edged nature of money’s psychological impact.

Money and Social Inequality

One of the most contentious aspects of money is its role in creating and perpetuating social inequalities. Wealth distribution is often uneven, leading to disparities in access to resources, opportunities, and life outcomes. These economic divides can result in systemic social issues, including poverty, reduced social mobility, and economic disparities, underscoring the need for equitable financial policies and practices.

The Globalization of Money

The globalization of financial markets has interconnected economies worldwide, allowing money to flow across borders with unprecedented speed and volume. This has facilitated international trade, investment, and economic growth but also introduced vulnerabilities, as financial crises can quickly spread from one country to another, demonstrating the global power and peril of money.

Digital Money and the Future

The advent of digital money, including cryptocurrencies and electronic payments, is transforming the financial landscape. These innovations offer new possibilities for efficiency, accessibility, and security in transactions. However, they also pose challenges related to regulation, privacy, and the digital divide, highlighting the ongoing evolution of money and its implications for the future.

The Moral and Ethical Dimensions of Money

Money, in its influence on human behavior and societal structures, raises important moral and ethical questions. The pursuit of wealth must be balanced with considerations of fairness, justice, and the common good. Ethical financial practices, both at individual and institutional levels, are crucial for fostering a society that values integrity and equity alongside economic prosperity.

In conclusion, Money, a seemingly simple concept, plays a complex and pivotal role in shaping the fabric of modern society. Its evolution from tangible commodities to digital currencies reflects the dynamic nature of human societies and their economies. As a medium of exchange, a measure of value, and a symbol of wealth, money influences not just economic transactions but also social relationships, psychological well-being, and ethical considerations. The future of money, particularly with the rise of digital currencies, promises further transformations in how we understand and interact with this fundamental aspect of our lives. As we navigate these changes, it is imperative to consider not only the economic but also the social, psychological, and ethical dimensions of money. By doing so, we can strive for a world where money serves as a tool for achieving not just prosperity but also equity, justice, and human fulfillment.

Essay Generator

Text prompt

Instructive
Professional

Generate an essay on the importance of extracurricular activities for student development

Write an essay discussing the role of technology in modern education.

Time Is Money Essay

500 words essay on time is money.

Time is money means time is priceless and precious. We use it for earning money but what’s important to understand is that we cannot use the money to get our lost time back. Thus, it makes time more precious than money or any other thing in the world. Through time is money essay, we will go through its importance and the reason behind it.

Importance of Time

Even though the importance of time differs for everyone, it is nonetheless important. Once we grow up, our childhood never comes back. Similarly, a student always tries their best all through the year for getting good grades.

Similarly, people make use of their precious time for different purposes to do their best to fulfil their wishes. It is because we are aware that time will not wait for anyone. We all get to live our life once.

Thus, it is up to us as to how we will use it. We can spend it by gaining a lot of achievement or we can spoil it by wasting the precious time given to us. Intelligent people strive to make the most of their time but living each moment to the fullest. Thus, we must all strive for the same thing.

Get the huge list of more than 500 Essay Topics and Ideas

More Valuable than Money

It is clear by now that time is more valuable than money. Millions of people believe in this and it remains a fact. It is because once you lose time, you will never get it back, not even a second of it.

Time can be used to make money but money cannot be used to make more time. Thus, all the money in the world does not matter if you do not have enough time. Do you know the difference between successful people and failures?

We all get 24 hours in a day, no matter where we come from or how much money we have. It is not using all 24 hours that matters; it is how we use those hours. A successful person will always use their time efficiently to make progress in life.

Time is something we get and we have all the right to use it just like money. But, what’s different is that when we lose money, we can always get it back in one way or another. However, when we lose time, we can never get it back with any amount of money.

A patient in need of medical attention understands the value of time and that it is valuable than money . Similarly, an entrepreneur will take the fastest mode of travel to travel for a business deal to save time and seal and the deal. Thus, we see that time is indeed more important than money in life.

Conclusion of Time Is Money Essay

To sum it up, time is definitely more important than money. In fact, every one of use has experienced this truth or will do at some point in our lives. Thus, it is a proven fact that time is money so we must use it efficiently.

FAQ of Time Is Money Essay

Question 1: Why time is very important in our life?

Answer 1: Time is important because it helps us to make a good habit of organizing and structuring our daily activities. Moreover, it plays a major role in our lives. Similarly, time can also heal things whether external wounds or feelings.

Question 2: What figure of speech is time is money?

Answer 2: It is a metaphor. This popular metaphor compares time and money. It states that time is a valuable resource which we must all use efficiently in order to earn money and lead a comfortable life.

Customize your course in 30 seconds

Which class are you in.

Travelling Essay
Picnic Essay
Our Country Essay
My Parents Essay
Essay on Favourite Personality
Essay on Memorable Day of My Life
Essay on Knowledge is Power
Essay on Gurpurab
Essay on My Favourite Season
Essay on Types of Sports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Download the App

Essay on Money: Meaning, Functions and Role

Read this essay to learn about the meaning, functions and role of money.

Meaning of Money:

Money has been defined differently by different economists. Some, like F.A. Walker, define it in terms of its functions, while others like G.D.H. Cole, J.M. Keynes, Seligman and D.H. Robertson lay stress on the ‘general acceptability’ aspect of money.

According to Prof. D.H. Robertson, “anything which is widely accepted in payment for goods or in discharge of other kinds of business obligation, is called money.” Seligman defines money as “one thing that possesses general acceptability.” Prof. Ely says: “Money is anything that passes freely from hand to hand as a medium of exchange and is generally received in final discharge of debts.”

Prof. A. Walker says “Money is that money does.” But these definitions are defective because they do not lay proper emphasis on all the essential functions of money. Prof. Crowther’s definition of money is considered better as it takes into account all the important functions of money. He defines money as “anything that is generally acceptable as a means of exchange (i.e., as a means of setting debts) and at the same lime, acts as a measure and a store of value.”

ADVERTISEMENTS:

It is a fact that although money was the first economic object to attract men’s thoughtful attention…there is at the present day not even an approximate agreement as to what ought to be designated by the world…the business world makes use of the term in several senses; while amongst economists there are almost as many different conceptions as there are writers on the subject.’

Functions of Money :

Money is a matter of functions four, a medium, a measure, a standard, a store.

Money in a modern economy performs important functions which have been classified by Kinley as follows:

(a) Primary functions also called fundamental and original functions like the medium of exchange and measure of value.

(b) Secondary functions like standard of deferred payments, store of value and transfer of value.

Medium of exchange:

Money serves as a medium of exchange and facilitates the buying and selling of goods, thereby eliminating the need for double coincidence of wants as under barter. A man who wants to sell wheat in exchange for rice can sell it for money and purchase rice.

Measure of value:

Money has also removed the difficulty of barter system by serving as a common measure of value. The values of various commodities are expressed in terms of money. Money as a measure of value has made transactions simple and easy. It may be understood that this function of money follows from the first basic function (medium of exchange). It is because money is used as a medium to exchange goods, that each good gets a value in terms of money (called price). As such, money also serves as a unit of account. In India, the unit of account is the Rupee, in USA, the Dollar; in USSR, the Rouble and the Yen in Japan.

Store of Value:

Classical economists did not recognize the store of value function of money. Keynes laid stress on this function of money. People store money to provide again the rainy day and to meet unforeseen contingencies. According to Keynes, people also store money to take advantage of the changes in the rate of interest. Money as a store preserves value through time and space. Money as a store of value through time means the shifting of purchasing power from the present to the future and as such it serves as an important link between the present and the future.

Money in this case is stored as a form of ‘asset’. Money is an asset or a form of wealth because it is a claim. It is the most convenient way of laying claim to such goods and services as one wishes to buy. Thus, rather than keeping their wealth in the form of non-liquid assets like houses, shares, etc., people prefer to keep their wealth in the form of money.

Money is the most liquid of all assets i.e., money can be readily exchanged for goods and services without any difficulty and the price of money or its value is stable at least over a short period. In fact, all assets like bonds, saving accounts, treasury bills, government securities, inventories and real estate do serve as stores of value, but they differ in the degree of liquidity; money amongst these possesses highest degree of liquidity and that is why people prefer it most as a store of value.

However, we should not give it undue importance because the value of money does not remain stable through time. As prices rise, people try to get rid of money as its value falls. Moreover, in modern economies storing wealth in the form of money is unimportant as it is done in the form of interest-bearing securities.

Money as a store of value through space continues to be important; for instance, an Indian businessman who sells his business and property and goes to USA and settles down there is a case of exporting value through space. In ancient times, gold and silver coins were used as a store of value followed by currency notes. In advanced countries today money is stored in the form of bank deposits.

Standard of Deferred Payments:

Money has always been used as a standard of deferred payment. This function of money has attained more importance in modern times with the extension of trade based on credit. As a result of this function, it has become possible to express future payments in terms of money. A borrower who borrows a certain sum in the present undertakes to pay the same in future. Similarly, a person who purchases on credit agrees to pay in future when his bills become due. Money as a standard of deferred payments is performing useful function enabling the current and present transactions to be discharged in future.

Contingent Functions:

Besides, the primary and secondary functions of money, Prof. Kinley lays stress on the contingent functions of money. Money facilitates the distribution of national income among the various factors of production. Land, labour, capital and organization all co-operate in an act of production and the product is the result of their joint efforts, which belongs to all of them.

Money makes the distribution of joint production, amongst various factors easy and paves the way for economic progress. Further, a concept like utility is measured in terms of money. A consumer as well as a producer measures the utilities of different goods and factors of production with the help of money and try to get maximum satisfaction or maximum returns.

Again, credit is the basis of modern economic progress. Money constitutes the basis of credit. Banks create credit not out of thin air but with the help of money. Moreover, money gives liquidity to various forms of wealth. A person by keeping his wealth in the form of money renders it most liquid.

Role of Money:

Money plays a vital role in the determination of income and employment. The basic problems of macroeconomics are the determination of income, output, employment and the general price levels, including the determination of the long-run rate of growth of income. As far as the growth theory is concerned, the supply and demand for money have been largely ignored until recently, yet all but the very simplest short-run income and price level determination models have a money market included in them.

As such, money becomes an economic force in its own right, which under certain circumstances, powerfully affects economic activities. This is the main subject matter of monetary economics. Monetary theory is that branch of economics which aims at discovering and explaining how the use of money in its various forms affects production, consumption and distribution of goods. As a matter of fact, the advocates of monetary theory plead that a large number of factors affect the volume of production, consumption and distribution. To them, money is no more a veil, a medium to facilitate exchange of goods: but something more vital, more crucial and more important, which affects the general level of economic activity.

Monetary theorists hold that the use of money as a medium of exchange, as a store of value, as a measure of value, as a standard of deferred payments along with its contingent functions has the capacity of influencing the volume and direction of economic activity that would not occur in a barter economy. In a monetary economy, according to Keynes, “money plays a part of its own and affects motives and decisions and is, in short, one of the operative factors in the situation, so that the course of events cannot be predicted, either in the long period or in the short, without a knowledge of the behaviour of money between the first state and the last.” In such a world, money is not a neutral phenomenon rather a phenomenon governed by principles very different from those that hold sway over the process of production and exchange.

In modern income and employment analysis, these are two spheres of economic activity. There is, on the one hand, the real or goods sector, which has to do with forces of aggregate demand and supply and the conditions under which an equilibrium of output and employment is achieved. On the other hand, there is the monetary sphere in which the economic forces at work are those centering around the demand for money.

According to the modern view, the existence of a separate monetary sphere of activity is a fact of profound significance; what takes place in the monetary sphere may suddenly and dramatically influence the level of both output and employment. The method by which Keynes brings money into the picture is through the development of a theory of interest in which the demand for money is dominant. The rate of interest is the link between the real sphere and the monetary sphere. It is a factor around which the theory of investment is constructed and investment expenditure is one of the key determinants of income and employment.

Essay on Money: Meaning and Main Functions of Money
Money: Meaning and Functions of Money – Discussed!
Top 4 Functions of Money – Discussed!
Top 2 Functions of Money | Economy

Essay on Money in English for Children and Students

Table of Contents

Essay on Money: Money is the medium used by people to buy required goods and services. It is used as the source to fulfill basic needs and is also a source of comfort in life. Money is the most important source to live a healthy and prosperous life; however, it cannot be compared with the significance of love and care. Both have their own importance and benefits. Nevertheless, money is a useful and necessary commodity to live contentedly disposing all your usual liabilities towards your family and loved ones.

Fill Out the Form for Expert Academic Guidance!

Please indicate your interest Live Classes Books Test Series Self Learning

Verify OTP Code (required)

I agree to the terms and conditions and privacy policy .

Fill complete details

Target Exam ---

Long and Short Essay on Money in English

We have provided some simply written essay on money to help your kids to do better in their essay writing competition.

These Money Essay are written in easy English so that student of any class can easily understand it and also reiterate it or write it down, whenever required.

We have divided following essays under long and short essay on money in English according to the need, to help your kids to do better in their school competitions.

These essay on money will prove useful in your school assignments or general discussion with your family and friends.

Money Essay 1 (100 words)

Money is the most basic requirement of the life without which one cannot fulfill his basic needs and requirements of the daily routine. We can never compare the importance of the money with the importance of love or care. When one need money, love cannot fulfill this requirement and if one need love, money cannot fulfill this requirement.

Both are highly required for the healthy life but they have their significance and importance separately. Both are required by us on urgent basis so we cannot rank both on the same scale. We need money everywhere such as to eat food, to drink water or milk, to see TV, news, subscribe newspaper, wear clothe, get admission and many more requirements.

Money Essay 2 (150 words)

Money is the basic requirement of the life without which one cannot imagine a healthy and peaceful life. We need money even buying a little needle. In the modern time, where growth of civilization is going very fast and following western culture, we need more money because of the increasing prices of everything. Earlier there was a system called barter system in which one was allowed to exchange things to get goods however, in the modern one need only money to buy everything.

The importance of money is increasing day by day as the living has become so costly. The significance of money has increased to a great extent in the field of production, consumption, exchange, distribution, public finance and etc. It plays a very crucial role in determining the input, income, employment, output, general price level of anything, etc.

Money Essay 3 (200 words)

In such a costly and competitive society and world, no one of us can live without money. We need money to fulfil our basic needs of the life such as buying food, and other many basic necessities of life which are almost impossible to buy without money. People in the society who are rich and have property are looked as honourable and respectful person of the society however a poor person is seen as hatred without any good impression.

Money increases the position of the person in the society and gives good impression to him. All of us want to be rich by earning more money through good job or business in order to fulfil all the increasing demands of the modern age. However, only few people get this chance of completing their dreams of being a millionaire.

So, money is the thing of great importance all through the life. Money is required by everyone whether he/she is rich or poor ad living in urban areas or rural areas. People in the urban areas are earning more money than the people living in backward or rural areas as the people of the urban areas have more access to the technologies and get more opportunity because of the easy sources.

Essay on Jan Dhan Yojana

Money Essay 4 (250 words)

Money is very much required thing in the life however; it cannot buy things like time, love and true care. It can only fulfil the outer needs of the person and not the inner needs like true love. Now-a-days, everything has become so costly but necessary to buy for living a simple life. And what if we have no money, either we would die or suffer more if saved.

Money has capability to buy anything virtually and helps us a lot throughout the life. By taking the importance of the money in our life we should never destroy or waste the money without any purpose. We should not compare the money and love because both are required separately to run a successful life.

In this competitive world, everyone wants to get good study with higher education from the popular college and university to get good job in order to earn more money. A person needs more money to fulfil the requirement of the all members of the family especially one who is only working person of the family.

He or she needs to fulfil the eating, clothing and living requirements of the family members and for that money is required. Rich people of the society are given particular recognition and popularity however poor people live their life by arranging just food for two times a day. All the changes and differences are just because of the money.

Money Essay 5 (300 words)

Money is really a very important thing for the human beings to lead their life in the satisfactory way. Unlike animals and plants, we need more money everywhere. In order to live in the society, we need to maintain our status and position in the society for which we need money. In order to eat food or drink water, wear cloth, get admission to the school, take medicine or go to the hospital and other many activities we need lots of money. Now the topic arise is, where we got such required money. We need to get higher level study and do hard works to get good job or open our own business which requires more skill and confidence.

Earlier the condition of poor people was very poor because of the pressure of the rich people. They were not helping the poor people and use them only as a servant on the very low salary. However the condition of the poor people has become good as the rule and regulations of the government as been change in order to equalize the condition of both. Now everyone has equal rights to study higher and get good job. Many people understand that money is the origin of the evil in the mind however I do not think so because thinking is the process of human mind and not the creation of money.

I understand and believe that money is the most important key of happiness gifted by the God. It is the human mind to take anything in different ways. Some people take it only to fulfil their physical needs and they never take it heartily however some people understand everything to the money and they can do anything for getting the money such murder, corruption, underworld work, smuggling, promoting bribe, etc.

Money Essay 6 (400 words)

There is no any doubt that money is so essential for our healthy living. Money is almost everything for us to live a life and maintain the good stats in the society. It is the money which fulfils the need of bringing necessary comforts and amenities of the life. If one has money, he/she can get anything in his/her life. It is the money which helps us in developing good personality, improving confidence, makes us able to creditworthiness, improving capacity, increasing capabilities and enhancing our courage to a great level. Without money we feel helpless and alone in this world where no one is ready to help and assist. In the current materialistic world, money is very important and powerful thing without which one cannot live and survive.

Now-a-days, in order to earn more money in wrong ways, bad people are taking help of corruption, bribe, smuggling, murder rich people of the society, and other callous activities by degrading the moral and ethical values of the humanity. Lazy people follow wrong ways to earn money as they understand that these ways are simple and easy however it is not true. One can earn more money in less time and effort but not for long; surely he would be lost in the near future as he is following wrong and weak way. The people who are earning money by following all the rules of humanity earn less money but for long time and they become the high status personality of the society.

People doing corruption save their money as a black money in other countries to keep hidden from the common public and use that money for bad works or increasing their physical luxury. However, common people of the society respects a lot to the people earning money using wrong techniques as they have fear of them and little bit greediness that they can get some money in return whenever required by giving them respect. They are generally called as the bhai or dada or don. Money cannot buy or stay the time as well as cannot give true love and care however highly required by all of us to run the life on the right path. It cannot give time and love however gives happiness, confidence, satisfaction, feeling of well being mentally and physically, makes life easy by solving all the difficulties, and many more.

All the essays on money given above are written by the professional content writer to help students in getting fulfilled their needs and requirements. Essay on money is generally assigned to the students to write something in their own way. Money essay is given under the category of general essay.

Frequently Asked Questions on Money

Who found money.

Money, in various forms like barter or trade, has existed since ancient times. The first coined money is believed to have been created by the Lydians, in what is now Turkey, around 600 BC.

Who said money is life?

This specific quote isn't attributed to a singular famous person. Various interpretations and contexts might exist, but the idea that money plays a significant role in many aspects of life is widely acknowledged.

What is money quotes?

A popular quote about money is, Money can't buy happiness, but it certainly helps.

What is the nature of money?

The nature of money is abstract. It has no intrinsic value but is accepted as a medium of exchange. Its value is determined by trust and the backing of an authority, like a government.

What is the value of money in life?

The value of money in life goes beyond purchasing power. It provides security, freedom, and opportunities, but isn't the sole determinant of happiness or success.

What is the importance of money?

Money is essential as it enables trade, provides financial security, meets daily needs, and offers the potential for a better life. It's a measure of one's ability to afford services and products.

What is money in own words?

Money is a tool that facilitates trade, allowing us to purchase what we need or desire. It represents value and can be saved, spent, or invested.

What is the few lines on money?

Money is a medium of exchange, used to buy goods and services. It acts as a unit of account, a store of value, and is universally accepted in transactions.

Money Essay

Money is the medium used by people to buy required goods and services. It is used as the source to fulfill basic needs and is also a source of comfort in life. Money is the most important source to live a healthy and prosperous life; however, it cannot be compared with the significance of love and care. Both have their own importance and benefits. Nevertheless, money is a useful and necessary commodity to live contentedly disposing all your usual liabilities towards your family and loved ones.

Long and Short Essay on Money in English

We have provided some simply written essay on money to help your kids to do better in their essay writing competition.

These Money Essay are written in easy English so that student of any class can easily understand it and also reiterate it or write it down, whenever required.

We have divided following essays under long and short essay on money in English according to the need, to help your kids to do better in their school competitions.

These essay on money will prove useful in your school assignments or general discussion with your family and friends.

Money Essay 1 (100 words)

Money Essay 2 (150 words)

Money Essay 3 (200 words)

Money Essay 4 (250 words)

Money Essay 5 (300 words)

Money Essay 6 (400 words)

==================================

All the money essay given above are written by the professional content writer to help students in getting fulfilled their needs and requirements. Essay on money is generally assigned to the students to write something in their own way. Money essay is given under the category of general essay. You can get other related essays and related information such as:

Essay on Poverty

Essay on Jan Dhan Yojana

Essay on Honesty is the Best Policy

Essay on Honesty

Essay on Corruption

Music essay, importance of education essay, education essay, newspaper essay, my hobby essay, globalization essay, leave a comment cancel reply.

Your email address will not be published. Required fields are marked *

Essay On Money

Money is the most basic need of life, without which one cannot fulfill the basic needs of his daily life. We can never compare the importance of money with the importance of love and care. When one needs money, it cannot be fulfilled by love and if one needs love, it cannot be fulfilled by money. Both are very much needed for a healthy life but, both have different importance in life.

Table of Contents

Long and Short Essay on Money in English

Essay 1 (300 words) – money: the basic necessity of life.

Money is the basic necessity of life, without which one cannot imagine a healthy and peaceful life. We need money to fulfill our smallest requirement. In modern times, when civilization is developing rapidly and everyone is following western culture, we need more money because of the increasing value of goods. In earlier times, a practice was in vogue called the exchange system, in which one would get one thing in exchange for another. However, now in this modern world only money is needed to buy everything. it occurs.

Nowadays you need money for everything, for clothes, for food, for a shelter and even for water in many places. Although it can also be said that ‘money cannot provide every happiness’ but can you be happy without any money? Since money is a big part of our life, you at least need money to be happy.

The importance of money is increasing day by day, because our living has become very expensive. The importance of money has increased on a large scale in the fields of production, consumption, exchange, distribution, public revenue etc. It plays a very important role in determining income, employment, revenue-corporation, general price level etc. If we look at the present day scenario, there is no doubt that the one who has more wealth is considered more civilized in the world. So we can say that money is very important in every aspect of life.

Essay 2 (400 Words) – Need for Money in Life

In such a competitive society and world, none of us can survive without money. We need money to fulfill our basic needs, such as buying food, and other basic necessities of life, which are absolutely impossible to get without money. In the society those people who are rich and who have wealth are considered to be respected and respected person in the society, however, a poor person is seen with hatred without any good feeling.

Wealth increases the prestige of a person in the society and builds a good image of him. We all want to be rich by earning maximum money through business, good job, good business etc. so that, we can fulfill all the increasing needs of modern times. However, very few people get the opportunity to fulfill their dream of becoming a millionaire. Hence, money is a thing of importance throughout life.

Money is needed by everyone, whether it is poor or rich and in urban area or rural area. People living in urban area earn more money than people living in rural area because people of urban areas have much easier access to technology and have more resources, which increases their earning capacity. Due to this the people of rural area lag behind in the field of development and urban areas become more developed.

The importance of money has increased on a large scale in the fields of production, consumption, exchange, distribution, public revenue etc. It plays a very important role in determining income, employment, revenue-corporation, general price level etc. If we look at the present day scenario, there is no doubt that the one who has more wealth is considered more civilized in the world. In earlier times, a practice was in vogue called the exchange system, in which one would get one thing in exchange for another. However, now in this modern world only money is needed to buy everything. it occurs.

Essay 3 (500 Words) – Importance of Money

Money is a very essential commodity in life however, it cannot buy things like time, love and true care. It can only fulfill the external needs of a person and not the internal needs like love. Nowadays, everything has become expensive but, buying them is very necessary to lead a simple life. If we do not have money, then how will our condition be, no one can even imagine this truth.

importance of money

In the absence of money, the death of a person is certain and even if he survives, he has to face many troubles. Money enables us to buy all the necessary things and helps us throughout our life. If we understand the importance of money in life, then we will never spend or misuse money without any purpose. We cannot compare money and love, because to live a successful life we need both money and love.
In this competitive world, every person wants to do good studies with higher education from famous college or university to earn money by getting good job. To meet the needs of all the members in the family, a person needs to earn more money, especially for the person who is the only bread earner in the family.
A person needs money to meet the needs of all the members of his family for food, clothing and living. Rich people have special identity and fame in the society, however, poor people spend their life in getting food for only two times in a day. All these changes and differences are due to money only.

cause of discord

Wherever there is a shortage of money, there are frequent fights and fights. There are quarrels between husband and wife. No one respects each other in the condition of earning money. Neighbors and relatives also look down upon the poor person. He starts shying away from her, thinking that that person should not ask for money from her. Along with this, in today’s time no one even wants to be friends with a poor person.

Money can neither buy nor stop time and together it cannot buy true love and care. But still it is needed by everyone, so that life can be taken on the right path. Even though money cannot give time and love, but then it definitely gives us happiness, confidence, satisfaction, physical and mental peace. Due to which we get ease in living life and every difficult problem can be solved.

Essay 4 (600 words) – Advantages and disadvantages of money

Money is a very important thing for a human being to live his life in a satisfying way. Just as trees and animals are found everywhere, we also need money everywhere. To live in the society, we need money to maintain our position and position in the society. To eat food or drink water, to dress, to take admission in school, to take medicine or to get treatment in hospital or for other activities, we need a lot of money. Now the question arises that, how can this necessary money be obtained. For this we have to do high level studies and hard work so that, we can get good job or we can open our own business, for which we need more skill and confidence.

profit from money

You can live a life full of respect:

A person is respected only when he is financially prosperous. Otherwise, there is no respect for the moneyless person in today’s society.

Eat pure and nutritious food:

Those who have money can enjoy a variety of delicious and nutritious food. And protect yourself from diseases.

You can be protected by:

In today’s society theft, dacoity has increased a lot and rich people can provide security for themselves because of money.

Loans can be repaid:

Loan taken from a person The rich person can repay the loan very easily.

The enjoyment of material pleasures can be achieved by:

With enough money, all material pleasures can be enjoyed like getting a good house, nice clothes, cars and other things.

The pressure of the rich on the poor

Earlier, the condition of the poor was very pathetic due to more pressure from the rich people. He did not help the poor people and used them only as his servants at very low wages. However, now due to the implementation of new rules and laws of the government, there has been some improvement in the condition of the poor than before, because the government has implemented the right to equality to improve the condition of the poor. Now everyone gets equal opportunity to get higher education and get good job. Many people think that, money gives rise to evil in the mind of people, however, I do not think so, because thinking is an action of the human body and not money.

I understand and believe that money is a very important key to happiness, which has been gifted to us by God. It depends on the human brain, how he takes it. Some people use it only to fulfill their material needs and they never take it to heart However, some people consider money as their everything and they are ready to do anything to get money Huh. To get this they can do any criminal act like murder, theft, dacoity, corruption, taking bribe etc.

Leave a Reply Cancel reply

You must be logged in to post a comment.

Talk to our experts

1800-120-456-456

Time is Money Essay

Essay on Time is Money

Time is money is a popular phrase that has become an inspiration for life for numerous people. Time is the most valuable thing in the world, for once lost, it’s impossible to recover.

Time is money essay in English indicates the vital connection between time and money. It says that to earn money, one should utilize their time in the right way. It will happen only when we spend our precious time in fruitful activities that will make our life prosperous.

A Long Essay On Time is Money in English

The quote- the time is money is suitable for every person living in society. Whether it’s about a student, businessman, or anyone, understanding the value of time is crucial. Time never waits for anyone and to live according to time is the key to success. This essay on time is money shows how people following time can achieve a lot in their life.

Once you lose time, it can never be found back. However, the amount of money that you have fluctuates over time. You may not have money today, but tomorrow you may be rich. On the contrary, time is a continuous event. No matter how much money you are willing to spend, no power in this world can help you to get back the time you lost earlier.

Time should be spent sensibly so that one does not lose all the opportunities to make money. Time utilization is the major point that differentiates a successful person from a failure. Time is a money essay states that every successful person utilizes his time efficiently to progress and earn money.

With the increasing time, there is a rise in advancements that people learn to use their time. It is enhancing competition among people in almost every field of work. There’s nothing wrong with saying that we live on borrowed time because there is no control over it.

In a world where everyone is running behind money, one should understand that time is priceless. Time is superior, and instead of chasing money, one should use their time strategically with a definite future goal. Time is money essay for Class 5 reveals that a person who uses time efficiently gains status, respect, and a high reputation in the society. People who don’t understand the value of time are worthless. Time slips from their hands in a few moments and leaves them workless.

From a very young age, children should be taught the importance of time. They should learn why it’s crucial to put their efforts into the study. Time management plays a vital role in life to execute plans and achieve success. It includes preparing work lists, setting everyday goals, prioritizing tasks, taking adequate sleep, and others. Proper utilization of time will help people in remaining productive and active towards their goals. It will act as a driving force that will keep you motivated to earn more money. It will give you the willingness to achieve something worthy in life.

Many people in the world put money over time. It might be because, for them, time is nothing. However, they don’t realize that it’s time that has offered them an opportunity to earn money. It’s not only about money, but time offers happiness, prosperity when used correctly.

Time is a money paragraph that highlights the direct proportionality between time and money. It means if you waste or lose time, you will sooner or later lose money. If you use time in the correct way towards success, you will get money. Essay on time is money in English tells that every single moment of hard work positively pays in the coming future.

A Short Essay on Time is Money

100 words essay on time is money .

The destiny of any person in the world is unpredictable. We never know when a good opportunity comes and brings success to us. It just depends on how people set their goals and use their time accordingly. A short essay on time is money states that that proper use of time is enough to get heights of success or a big downfall.

By doing good things in life, one can benefit from the time. No one can defeat us at any stage of life if we properly use time. With the proper time utilization, we enhance our living quality and contribute towards the advancement of the nation. This even makes your life very productive.

Conclusion

Time is precious and has so much power that it can change the life of a human completely. A short paragraph on time is money shows the fact that time can turn an influential, rich person into a helpless man and a poor person into rich. So, one should not take time for granted and understand the value of time to earn money.

FAQs on Time is Money Essay

1. Which is more valuable among time and money?

Time and money essays show that time is more valuable than money. It’s because, with the proper utilisation of time, one can earn money and become successful. However, even if you have a large amount of money, you cannot buy time. It’s priceless and waits for no man. If you use your time efficiently, only then can you achieve your goal. Time neither salutes the rich, nor it shows misfortune to the poor. One can use time as a tremendous opportunity to progress in their life.

2. Is correct time utilisation necessary?

Time is limitless and can make you a beggar or king in a movement of seconds. It only depends on how you use time. Those who don’t listen to the alarm of time regret later. Time is money, an easy essay tells that a wise person is the one who makes proper use of time. Whatever is the job, everyone should make effective use of time to be successful in life. There is nothing wrong with claiming that time will waste you if you waste time. The statement is enough to justify how valuable and crucial time utilisation is.

3. How to download the time is money essay from the vedantu website?

The Essay on Time is Money, which is accurate and well-structured, is available for download on the Vedantu website. The Essay is accessible in PDF format for all students on Vedantu's official website and may be downloaded for free. Students should download the Vedantu website's Essay on Time is Money to understand what is required to write a good essay. Vedantu Essay is written in basic English which is easy to comprehend. Following the Vedantu essay ensures that students are adequately prepared for any essay subject and that they will receive high grades. Click here to access the Time Is Money Essay.

4. What are some tips on writing an excellent essay?

Writing essays can be a daunting task, but following the below steps will help students to write an essay worthy of getting high marks on examination.

Pick a topic with which you’re familiar.

Prepare an outline of the essay. Use diagrams to organize your essay well.

Break down the essay into three categories ie, introduction, main content and conclusion. Focus on each section individually.

Try to relate each section of the essay with another to have a clear flow of thoughts.

Cite your sources and evidence, if required.

5. What are the different types of essays?

Essays refer to a short piece of writing that expresses information as well as the writer's opinions. Essays differ in how they recount a personal experience, describe or explain a problem, or persuade the reader to embrace a certain point of view. As a result, essays may be divided into four categories, as listed below:

Narrative Essays: Telling a Story Students must approach the issue as if they were telling a tale while writing a narrative essay. They can creatively express themselves through Narrative essay writing. To evoke interest in the reader, these pieces are frequently written in the first person.

Descriptive Essays: Painting a Picture with Words Students must use words to create a picture in a descriptive essay. They have to describe something. It might be a thing, a person, a location, an event, an emotion, a circumstance, or something else entirely. These writings provide students with a lot of creative flexibility to express themselves.

Expository Essays: Presentation of the Facts A balanced examination of a topic is presented in an expository essay, which is an instructive piece of writing. Students must explore the topic, assess evidence, convey a concept, and present an argument clearly and succinctly to create a strong expository essay. It may be done by comparison and contrast, definition, example, cause and effect analysis, and so on.

Persuasive Essays: Convince Me A persuasive essay is one in which the author attempts to persuade the reader to embrace his or her point of view. It offers both sides of the debate but expresses the writer's viewpoint plainly.

6. What are some of the characteristic features of what constitutes a good essay?

The following constitutes a good essay

An essay that is simple, concise and well-structured, but to the point.

When there is a proper division between introduction, body and conclusion.

When the essay is written in a straightforward, yet truthful, style.

There are important statements, examples, evidence and data included.

If the essay is written, then written in a neat, legible hand.

The information provided is relevant to the current state of affairs.

When the essay is holistic and multidimensional.

Balanced and neutral.

When the essay makes suggestions for problem-solving options.

7. Why choose essay on time is money provided by vedantu in PDF?

The Vedantu's Essay on Time is Money is both exemplary and well-structured. Furthermore, they are available for free on the Vedantu website. The Essay is written by qualified lecturers and experts in the English language. It is easy for students to comprehend the fundamental topics and achieve good grades. Students are urged to practise writing many essays in order to pass the test; only after they have had enough practise can they be fully prepared to write the actual exam.

Growth & Development
Play & Activities
Life Skills
Play & Learning
Learning & Education
Rhymes & Songs
Preschool Locator

Essay On Money: 10 Lines, Short And Long Essay For Children

Key Points To Remember When Writing An Essay On Money For Lower Primary Classes

10 lines on ‘money’ for kids.

A Paragraph On ‘Money’ In English For Children

Short Essay On ‘Importance Of Money’ For Kids

Long essay on ‘money’ for children, interesting facts about money for children, what will your child learn from this essay.

Money’s history goes back to the days of the barter system in Western Europe when traders would exchange goods/services for another product. Various countries had unique ways of trading before the currency was developed. Money is an essential commodity used to survive and thrive. We cannot live without money, and it covers our basic needs. Children need to understand the role of money in daily life. Writing an essay on money for classes 1, 2 & 3 is the best way to start.

Without money, it would be not easy to enjoy a degree of freedom and improve the quality of life. Given below are some critical points to remember when writing an essay on the value of money.

An essay has three basic parts – introduction, body, and conclusion.
Write an introduction emphasising the value of money in our life.
Include points like the importance of money, things we can do or buy with money, its global acceptance, etc.
The conclusion should summarise the points mentioned above.

Money is one of the easiest ways to gain trust and garner reputation since it is backed by value. It’s a mode of convenience and can be stored in different ways. Here are a few lines on money when writing an essay for classes 1 and 2.

Money helps you buy materialistic things like homes, cars, toys, and other tangible assets.
Earning money adds meaning to people’s lives and gives them hope, so teach them the value of money.
Money lets you enjoy freedom since it prepares you for early and comfortable retirement.
The purpose of making money is not just to pay bills but improve your overall quality of life.
The difference between the rich and poor is how the people plan and manage their finances. Anyone can become rich in life if they spend their money wisely.
Money can improve your health and happiness by buying better quality food and shelter.
Hard work, dedication, and passion are all essential qualities needed to make money.
Money brings equal opportunities to all individuals across the world.
Money can help afford better education and open up multiple career options.
If money is misused, it can lead to terrorism, pandemics, starvation, corruption, and other manmade issues.

A Paragraph On ‘Money’ In English For Children

Kids must understand the value of money and its requirement in daily life from an early age. Given below is a short paragraph on money for their reference:

Money can be one of the biggest motivations for learning new things, improving well-being, and striving to make the best of life. Without money, people can lack purpose and be easily demotivated to continue moving forward. Money is a basic need through which all our other requirements are met. We need money to buy resources such as food, drinks, clothes, and leasing or renting properties. Money is also essential for various things like school fees, paying salaries to employees, and starting a new trade line or work. Every country has its own currency. The Indian currency is the Indian Rupee.

Money is one of the most crucial factors for living a comfortable life. Below is a short essay on the importance of money for kids:

One of the best reasons to accumulate money is that it stores its value. The worth of Rs. 1,000 today will remain the same a few months later. Money is used as a widely accepted payment method in different countries, and governments recognise it as legal tender for paying off debts, both public and private. Every country has its own currency. The Indian currency is the Indian Rupee. Printed paper notes are accepted by professionals who offer various services such as car repairs, medical treatments, cooking, beauty and salon treatments, etc. Money can be stored in a bank and be exchanged for other commodities such as gold, bonds, stocks, shares, and investments. There are many forms of money used throughout human history, and the best characteristics of money are durability, uniformity, divisibility, and limited supply. Money classifies your status in society. Education, hard work, and perseverance are essential skills helpful in making money in the long run. Every person in the world works hard to earn money, and it’s vital to possess in-demand skills so you can get jobs in the market.

Money is crucial for fulfilling the basic survival requirements in today’s time. Here is a good long essay for class 3 on money:

Money is essential; in today’s world, nobody can survive without it. There is a saying that money makes the world go round, and it’s true. You can fulfil most of your dreams by spending money, and it’s a fact that earning good money classifies your income status. Education, hard work, and perseverance are essential skills for making money. Every nation has its own currency, and the Indian currency is the Indian Rupee.

Evolution Of Money

Here are the stages money went to undergo an evolution:

1. Commodity Money

In the days of early civilisation, any commodity used for exchanges or transactions was considered money. For example, if you had conch shells and wanted a cow, you could exchange those conch shells to get a cow!

2. Metallic Money

This took the form of metals like gold, copper, silver, etc. So, you would trade with these metals. For example, trade one piece of gold for 4 pieces of silver.

3. Paper Money

After metals came paper on prints, this is the dollar or rupee we know today and regulated by the RBI or similarly concerned authorities.

4. Plastic Money

Credit and debit cards fall under plastic money.

What Are The Uses of Money?

Money is used for:

Buying goods, services, products, and various essentials
Repaying debt and as legal tender
Holding finances and storing them for their value as long-term investments or savings
As a medium of exchange and for donations to charities
Purchasing gold, silver, and other tangible assets

How To Teach Your Child To Save Money?

Here are some tips to guide your kids on the importance of saving money.

1. Reward Them

Give your child an incentive to save money. The best way is through rewards such as giving them bonus money at the end of every month, in exchange for saving more.

2. Encourage To Set Goals

Inculcating a positive money mindset is key to saving and growing finances. Teach your children the importance of saving for their future.

3. Gift A Piggybank

A piggy coin bank is a great way to save money. The kids will get obsessed with filling it up and waiting for the chance to break it open! Great motivation.

4. Let Them Work

Allow your kids to do odd jobs or take up summer vacation work if they want to. This will give them valuable life experiences and teach them business skills.

5. Tell Them Stories Of Rich People

Inspire your kids with stories of billionaires and affluent figures in life who grew from nothing.

6. Buy Them Books

Many books on money are written for kids to teach them basic concepts and help teach kids the importance of money. These make for good reads.

7. Tell Them To Pursue A Hobby

If kids master a skill or hobby, tell them they can earn good money by teaching the same to others. For example, if they like guitar, ask them to learn with complete dedication and later, you can teach other kids and have some savings.

8. Appreciate Their Efforts

Tell them thanks and express your gratitude from time to time when you see them saving money. This will motivate the kids and leave feel-good vibes, which goes a long way in saving more.

Here are some fun facts about money for kids:

George Washington is the icon on the quarter.
US currency is the most traded around the world.
Coins last longer than bills.
There is an image of Mahatma Gandhi on Indian currency.
The first coins were introduced around 2,000 years ago.

Your child will learn the importance of saving money, improving life skills, and making an income as they grow. This will set them up for a comfortable lifestyle and live stress-free.

1. How Is Black Money Different From White Money?

Black money is not added to accounting records and is made illegally. All taxes and TDS are paid and reported to authorities for white money.

2. What If Money Didn’t Exist?

If there was no money, there would be chaos. Humans invented money as a means to transact and make sure exchanges were fair. If money is removed from existence, another exchange system would have to come into play for the smooth functioning of life.

That’s all you need to know for now. Make sure your child has fun writing the essay and teach them the value of saving money for their future!

Essay On Happiness for Kids Kindness Essay in English for Children Essay On Discipline for Lower Primary Classes

Essays for Class 1
Essays for Class 2
Essays for Class 3

5 Recommended Books To Add To Your Child’s Reading List and Why

5 absolute must-watch movies and shows for kids, 15 indoor toys that have multiple uses and benefits, leave a reply cancel reply.

Most Popular

The best toys for newborns according to developmental paediatricians, the best toys for three-month-old baby brain development, recent comments.

FirstCry Intelli Education is an Early Learning brand, with products and services designed by educators with decades of experience, to equip children with skills that will help them succeed in the world of tomorrow.

The FirstCry Intellikit `Learn With Stories` kits for ages 2-6 brings home classic children`s stories, as well as fun activities, specially created by our Early Learning Educators.

For children 6 years and up, explore a world of STEAM learning, while engaging in project-based play to keep growing minds busy!

Build a love for reading through engaging book sets and get the latest in brain-boosting toys, recommended by the educators at FirstCry Intellitots.

Our Comprehensive 2-year Baby Brain Development Program brings to you doctor-approved toys for your baby`s developing brain.

Our Preschool Chain offers the best in education across India, for children ages 2 and up.

Welcome to the world of Intelli!

We have some FREE Activity E-books waiting for you. Fill in your details below so we can send you tailor- made activities for you and your little one.

Parent/Guardian's Name

Child's DOB

What would you like to receive other than your Free E-book? I would like information, discounts and offers on toys, books and products I want to find a FirstCry Intellitots Preschool near me I want access to resources for my child's development and/or education

Welcome to the world of intelli!

FREE guides and worksheets coming your way on whatsapp. Subscribe Below !!

THANK YOU!!!

Here are your free guides and worksheets.

EssayBanyan.com – Collections of Essay for Students of all Class in English

Essay on Money

We all have seen money and also know how important it is. We need everywhere either to buy a bottle of water or a packet of bread. We work hard to earn money to buy our needs. Really it is very important and inspires us to work hard.

Short and Long Essays on Money in English

Find here some essays of 100 – 150 Words, 250 Words, 500 Words and 600 Words limit on this topic to have an explained view about:

Money Essay 10 Lines (100 – 150 Words)

1) Money is the medium of exchange that allows us to make payments.

2) Between 650 and 600 BC, the first-ever money Mesopotamian shekel came into existence.

3) In 1861, currency notes were established.

4) Money helps us to live a comfortable and luxurious life.

5) People work hard to earn more money.

6) We can buy services and goods through money.

7) Commodity money, Fiat money, Near money, Deposit money, etc are some types of money.

8) Money is required to fulfill our dreams.

9) Earlier coins of gold, silver, bronze, copper, etc were used as money.

10) Today, digital money is introduced into the world.

Essay 1 (250 Words) – Money

Introduction

The collective amount of coins and notes is denoted as money. We can buy all our stuff and fulfill our needs with the help of money. We can’t imagine life without money because we have to pay for everything.

Barter System

It is the medium of buying these days because in old days people use to get things by exchanging anything in return when money was not invented. They use to exchange goods or some other services or things. This system was termed as Barter System.

It is not every time we need money sometimes, we need food grains whereas something else, so those who use to work in lands use to offer food grains and use to buy things. Similarly, different people use to offer things as per their ability and what they had.

The First Currency

The Mesopotamian shekel was the first-ever money that came into existence between 650 and 600 B.C. Whereas, it is a belief that in India it started in the 6th Century BC. Whereas, the currency notes were first time seen in the year 1861. Before the currency notes, different rulers use different metals like copper, gold, silver, etc. They use to issue different coins with their symbol on it. Money has a vast history and today it seems so simple to have a 1000 ₹ note but it took centuries to develop money in the form of currencies.

Money is an important part of life and we work for earning more and more money. In today’s era the more money you have the more peaceful life you can live. It has become one of the most important things.

Essay 2 (400 Words) – Money and Its Types

Money is a five-letters simple word but has a lot of value. It is moving valuable than anything, people can go up to any extreme for earning money, and sometimes people also commit some crime. Actually, all of us like to have good food, a good dress, want to give a good education to our children, etc and for everything we need money. When people won’t able to match their needs they adopt some awful ways to earn money. I can say that money had made us blind and we just focus on earning.

Different Types of Money

Money has been categorized into various types and they are fiat money, commodity money, representative money, currency money, Deposit Money, Near Money, etc.

Fiat Money : A money apart from currency notes. It is something like gold and silver and according to this; the government issues the printing of notes. We can say that it helps a nation to print notes and decides its economic growth. Anything publicly stated as money from the government authorities is fiat money. No one can deny from taking this money and if someone does it is considered as a case of violation of government orders. This type of money is called Fiat Money.

Commodity Money : The money earned with the exchange of goods like wheat, rice, cotton, etc. things which are manufactured and sold it can be some precious metals like Gold, Silver, too. When they are used to make something and sell. This type of money is known as commodity money. The money earned due to commodity.

Representative Money : It can be stated as the money which we use. A piece of paper or coin printed with some amount is termed as representative money. All of us use this money for buying different things in our lives.

Near Money : The other form of money which we have in the form of assets. These assets are property, land, home, Gold, Diamond, etc. We can get money in exchange for these things so it is termed as near money.

There are different types of money and all have some of its types but currency notes are something commonly used in our day-to-day life. Money is one of the most important needs of human beings. Different nations have different currencies and all of them have different values and this also decides the economic growth of that country.

Essay 3 (500 – 600 Words) – Money: Types, Uses, and its Characteristics

Money is a medium of payment we need to buy different things. It was a time when people use to live in villages and small towns and use to exchange things instead of using money. But everything has changed today and all of us want to be a part of the development and trending towards city life. A life where you have to buy water and the day is not far when we also have to buy air. But the main thing we need to fulfill our needs is money. So, you can analyze the importance of money in our life.

How Money Came into Existence

Before money, people use to follow the barter system and there is no strong evidence of when money was used. Still, people believe that coins and notes came into existence in 5000 B.C. Different kings started their own coins made up of different metals.

Vima Kadaphises a Kushan emperor was the first king to introduce gold coins for the first time, around 100CE.
Chandragupta II of the Gupta emperor was the first king to introduce silver coins.
Apart from these, two other kings used different metals like copper, bronze, etc as money. These coins use to have the symbol of the emperor and they can be still seen in various museums across the nation as well as in the world.

Type of Money

According to economist Crowder, the currency is one of the three important inventions made by humans in modern times: currency, the wheel, and vote. Money has been categorized into different types; Near Money, Currency notes, Non-legal tender, Fiduciary Money, Bond, Cryptocurrency, Deposit Money, Legal Money, Representative Money, etc.

Uses of Money

There are different uses of money and I have listed some of the best below;

Money is used as a medium of exchange for a commodity.
Money is used for storage in banks for our bad times or in the form of savings.
We can manage all kinds of needs with the help of money.
It helps us to buy some assets, which are sometimes more valuable and decides our status in our society.
If you have the money you can plan and execute your plans in a better way, and this is the reason why the rich are always rich and the poor is always poor, in most cases.

Characteristics of Money

There are some important characteristics of money like;

Durability : Money is termed as durable which means it never changes its importance for example you bought a car, but after some years you when you will sell it, you will not get the same amount. But money is something that remains the same for a long time. It is equally valuable even today and after some years.

Portability : We can carry anywhere easily and this is what portability defines. It is very easy to carry an amount of money. Yes, we need to carry them with lots of attention, but it is not very difficult to carry an amount of money.

Divisibility : We can easily divide a piece of land but it is simple to divide an amount of money. If you have to divide 100 Rs. among 5 people you can easily perform this task and this is because money is called divisible.

Acceptability : It is acceptable everywhere, where ever you go the value of your money will be the same depending on the nation. A dollar is something accepted in the entire world and where ever you go if you will offer a dollar it will be accepted as a dollar.

It is quite easy to spend some money instead of defining it. It has a lot of meaning I have mentioned some of its uses. Still, it is a very big topic, its importance never changed as per time. Every country has its own currency and different notes. I can say that we can’t imagine life without money in this era.

FAQs: Frequently Asked Questions

Ans . The currency notes and coins that are used by us to buy things whatever we need are termed as money.

Ans . The concept of money started in 5000 B.C.

Ans . There are about 170 official currencies in the world.

Ans . The strongest currency in the world is Kuwaiti Dinar.

Ans . The first coin in India was Karshapanas that have been created around the 6th century BCE.

Ans . China was the first country in the world to make paper money in 770 B.C.

Ans . The Reserve Bank of India is an authority for printing and managing the currency in India.

Essay on digital india, cashless india essay, essay on child is father of the man, essay on causes, effects and prevention of corona virus, essay on dr. sarvepalli radhakrishnan, durga puja essay, essay on summer vacation, essay on my plans for summer vacation, essay on holiday, leave a comment cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Call us Topics in English
Privacy Policy
terms of use

Topics in English Topics in english to learn and fluent pronunciation and writing and facilitate conversation between you and others, whether in school, work or daily life

Money essay

Money essay ,Money is the most important thing in life. Money is necessary to buy the requirements of life and achieve a decent life for man. Money saves the dignity of the human and helps him to overcome the problems. People need money in everything in their lives, such as education, health care and all aspects of life. But also money is a blessing from God. A person must preserve this grace and not waste it.

Money is the most important thing in life. No one can do without money. Money is necessary to buy the requirements of life and achieve a decent life for man. Money preserves the dignity of the human and helps him to overcome the problems. A person needs money in everything in his life, such as education, health care and all aspects of life.

Developed countries are rich countries. It is the rich country that can provide good education and health care to citizens. The rich country can buy modern weapons to protect its land and borders. The rich state can set up projects and provide job opportunities for citizens and also establish public facilities to benefit citizens.

But also money is a blessing from God. Man must maintain this grace and not excessive in it. Man must use money in charity and help the poor and the needy in order to receive God’s satisfaction and feel happy in his life. But money can be a curse on the owner if he uses it in evil. Money is a curse if the person earns it from illegal sources such as bribery, theft and drug trafficking.

In the end, man must use money in good so that money is a blessing, not a curse.

you can read more topics about money from here:

English essay

About admin

Value of Time Essay 3 Models

Car accident essay 6 models

Essay on car 10 models

Choose Your Test

Sat / act prep online guides and tips, getting college essay help: important do's and don’ts.

College Essays

If you grow up to be a professional writer, everything you write will first go through an editor before being published. This is because the process of writing is really a process of re-writing —of rethinking and reexamining your work, usually with the help of someone else. So what does this mean for your student writing? And in particular, what does it mean for very important, but nonprofessional writing like your college essay? Should you ask your parents to look at your essay? Pay for an essay service?

If you are wondering what kind of help you can, and should, get with your personal statement, you've come to the right place! In this article, I'll talk about what kind of writing help is useful, ethical, and even expected for your college admission essay . I'll also point out who would make a good editor, what the differences between editing and proofreading are, what to expect from a good editor, and how to spot and stay away from a bad one.

What Kind of Help for Your Essay Can You Get?

What's Good Editing?

What should an editor do for you, what kind of editing should you avoid, proofreading, what's good proofreading, what kind of proofreading should you avoid.

What Do Colleges Think Of You Getting Help With Your Essay?

Who Can/Should Help You?

Advice for editors.

Should You Pay Money For Essay Editing?

The Bottom Line

What's next, what kind of help with your essay can you get.

Rather than talking in general terms about "help," let's first clarify the two different ways that someone else can improve your writing . There is editing, which is the more intensive kind of assistance that you can use throughout the whole process. And then there's proofreading, which is the last step of really polishing your final product.

Let me go into some more detail about editing and proofreading, and then explain how good editors and proofreaders can help you."

Editing is helping the author (in this case, you) go from a rough draft to a finished work . Editing is the process of asking questions about what you're saying, how you're saying it, and how you're organizing your ideas. But not all editing is good editing . In fact, it's very easy for an editor to cross the line from supportive to overbearing and over-involved.

Ability to clarify assignments. A good editor is usually a good writer, and certainly has to be a good reader. For example, in this case, a good editor should make sure you understand the actual essay prompt you're supposed to be answering.

Open-endedness. Good editing is all about asking questions about your ideas and work, but without providing answers. It's about letting you stick to your story and message, and doesn't alter your point of view.

Think of an editor as a great travel guide. It can show you the many different places your trip could take you. It should explain any parts of the trip that could derail your trip or confuse the traveler. But it never dictates your path, never forces you to go somewhere you don't want to go, and never ignores your interests so that the trip no longer seems like it's your own. So what should good editors do?

Help Brainstorm Topics

Sometimes it's easier to bounce thoughts off of someone else. This doesn't mean that your editor gets to come up with ideas, but they can certainly respond to the various topic options you've come up with. This way, you're less likely to write about the most boring of your ideas, or to write about something that isn't actually important to you.

If you're wondering how to come up with options for your editor to consider, check out our guide to brainstorming topics for your college essay .

Help Revise Your Drafts

Here, your editor can't upset the delicate balance of not intervening too much or too little. It's tricky, but a great way to think about it is to remember: editing is about asking questions, not giving answers .

Revision questions should point out:

Places where more detail or more description would help the reader connect with your essay
Places where structure and logic don't flow, losing the reader's attention
Places where there aren't transitions between paragraphs, confusing the reader
Moments where your narrative or the arguments you're making are unclear

But pointing to potential problems is not the same as actually rewriting—editors let authors fix the problems themselves.

Want to write the perfect college application essay? We can help. Your dedicated PrepScholar Admissions counselor will help you craft your perfect college essay, from the ground up. We learn your background and interests, brainstorm essay topics, and walk you through the essay drafting process, step-by-step. At the end, you'll have a unique essay to proudly submit to colleges. Don't leave your college application to chance. Find out more about PrepScholar Admissions now:

Bad editing is usually very heavy-handed editing. Instead of helping you find your best voice and ideas, a bad editor changes your writing into their own vision.

You may be dealing with a bad editor if they:

Add material (examples, descriptions) that doesn't come from you
Use a thesaurus to make your college essay sound "more mature"
Add meaning or insight to the essay that doesn't come from you
Tell you what to say and how to say it
Write sentences, phrases, and paragraphs for you
Change your voice in the essay so it no longer sounds like it was written by a teenager

Colleges can tell the difference between a 17-year-old's writing and a 50-year-old's writing. Not only that, they have access to your SAT or ACT Writing section, so they can compare your essay to something else you wrote. Writing that's a little more polished is great and expected. But a totally different voice and style will raise questions.

Where's the Line Between Helpful Editing and Unethical Over-Editing?

Sometimes it's hard to tell whether your college essay editor is doing the right thing. Here are some guidelines for staying on the ethical side of the line.

An editor should say that the opening paragraph is kind of boring, and explain what exactly is making it drag. But it's overstepping for an editor to tell you exactly how to change it.
An editor should point out where your prose is unclear or vague. But it's completely inappropriate for the editor to rewrite that section of your essay.
An editor should let you know that a section is light on detail or description. But giving you similes and metaphors to beef up that description is a no-go.

Proofreading (also called copy-editing) is checking for errors in the last draft of a written work. It happens at the end of the process and is meant as the final polishing touch. Proofreading is meticulous and detail-oriented, focusing on small corrections. It sands off all the surface rough spots that could alienate the reader.

Because proofreading is usually concerned with making fixes on the word or sentence level, this is the only process where someone else can actually add to or take away things from your essay . This is because what they are adding or taking away tends to be one or two misplaced letters.

Laser focus. Proofreading is all about the tiny details, so the ability to really concentrate on finding small slip-ups is a must.

Excellent grammar and spelling skills. Proofreaders need to dot every "i" and cross every "t." Good proofreaders should correct spelling, punctuation, capitalization, and grammar. They should put foreign words in italics and surround quotations with quotation marks. They should check that you used the correct college's name, and that you adhered to any formatting requirements (name and date at the top of the page, uniform font and size, uniform spacing).

Limited interference. A proofreader needs to make sure that you followed any word limits. But if cuts need to be made to shorten the essay, that's your job and not the proofreader's.

A bad proofreader either tries to turn into an editor, or just lacks the skills and knowledge necessary to do the job.

Some signs that you're working with a bad proofreader are:

If they suggest making major changes to the final draft of your essay. Proofreading happens when editing is already finished.
If they aren't particularly good at spelling, or don't know grammar, or aren't detail-oriented enough to find someone else's small mistakes.
If they start swapping out your words for fancier-sounding synonyms, or changing the voice and sound of your essay in other ways. A proofreader is there to check for errors, not to take the 17-year-old out of your writing.

What Do Colleges Think of Your Getting Help With Your Essay?

Admissions officers agree: light editing and proofreading are good—even required ! But they also want to make sure you're the one doing the work on your essay. They want essays with stories, voice, and themes that come from you. They want to see work that reflects your actual writing ability, and that focuses on what you find important.

On the Importance of Editing

Get feedback. Have a fresh pair of eyes give you some feedback. Don't allow someone else to rewrite your essay, but do take advantage of others' edits and opinions when they seem helpful. ( Bates College )

Read your essay aloud to someone. Reading the essay out loud offers a chance to hear how your essay sounds outside your head. This exercise reveals flaws in the essay's flow, highlights grammatical errors and helps you ensure that you are communicating the exact message you intended. ( Dickinson College )

On the Value of Proofreading

Share your essays with at least one or two people who know you well—such as a parent, teacher, counselor, or friend—and ask for feedback. Remember that you ultimately have control over your essays, and your essays should retain your own voice, but others may be able to catch mistakes that you missed and help suggest areas to cut if you are over the word limit. ( Yale University )

Proofread and then ask someone else to proofread for you. Although we want substance, we also want to be able to see that you can write a paper for our professors and avoid careless mistakes that would drive them crazy. ( Oberlin College )

On Watching Out for Too Much Outside Influence

Limit the number of people who review your essay. Too much input usually means your voice is lost in the writing style. ( Carleton College )

Ask for input (but not too much). Your parents, friends, guidance counselors, coaches, and teachers are great people to bounce ideas off of for your essay. They know how unique and spectacular you are, and they can help you decide how to articulate it. Keep in mind, however, that a 45-year-old lawyer writes quite differently from an 18-year-old student, so if your dad ends up writing the bulk of your essay, we're probably going to notice. ( Vanderbilt University )

Now let's talk about some potential people to approach for your college essay editing and proofreading needs. It's best to start close to home and slowly expand outward. Not only are your family and friends more invested in your success than strangers, but they also have a better handle on your interests and personality. This knowledge is key for judging whether your essay is expressing your true self.

Parents or Close Relatives

Your family may be full of potentially excellent editors! Parents are deeply committed to your well-being, and family members know you and your life well enough to offer details or incidents that can be included in your essay. On the other hand, the rewriting process necessarily involves criticism, which is sometimes hard to hear from someone very close to you.

A parent or close family member is a great choice for an editor if you can answer "yes" to the following questions. Is your parent or close relative a good writer or reader? Do you have a relationship where editing your essay won't create conflict? Are you able to constructively listen to criticism and suggestion from the parent?

One suggestion for defusing face-to-face discussions is to try working on the essay over email. Send your parent a draft, have them write you back some comments, and then you can pick which of their suggestions you want to use and which to discard.

Teachers or Tutors

A humanities teacher that you have a good relationship with is a great choice. I am purposefully saying humanities, and not just English, because teachers of Philosophy, History, Anthropology, and any other classes where you do a lot of writing, are all used to reviewing student work.

Moreover, any teacher or tutor that has been working with you for some time, knows you very well and can vet the essay to make sure it "sounds like you."

If your teacher or tutor has some experience with what college essays are supposed to be like, ask them to be your editor. If not, then ask whether they have time to proofread your final draft.

Guidance or College Counselor at Your School

The best thing about asking your counselor to edit your work is that this is their job. This means that they have a very good sense of what colleges are looking for in an application essay.

At the same time, school counselors tend to have relationships with admissions officers in many colleges, which again gives them insight into what works and which college is focused on what aspect of the application.

Unfortunately, in many schools the guidance counselor tends to be way overextended. If your ratio is 300 students to 1 college counselor, you're unlikely to get that person's undivided attention and focus. It is still useful to ask them for general advice about your potential topics, but don't expect them to be able to stay with your essay from first draft to final version.

Friends, Siblings, or Classmates

Although they most likely don't have much experience with what colleges are hoping to see, your peers are excellent sources for checking that your essay is you .

Friends and siblings are perfect for the read-aloud edit. Read your essay to them so they can listen for words and phrases that are stilted, pompous, or phrases that just don't sound like you.

You can even trade essays and give helpful advice on each other's work.

If your editor hasn't worked with college admissions essays very much, no worries! Any astute and attentive reader can still greatly help with your process. But, as in all things, beginners do better with some preparation.

First, your editor should read our advice about how to write a college essay introduction , how to spot and fix a bad college essay , and get a sense of what other students have written by going through some admissions essays that worked .

Then, as they read your essay, they can work through the following series of questions that will help them to guide you.

Introduction Questions

Is the first sentence a killer opening line? Why or why not?
Does the introduction hook the reader? Does it have a colorful, detailed, and interesting narrative? Or does it propose a compelling or surprising idea?
Can you feel the author's voice in the introduction, or is the tone dry, dull, or overly formal? Show the places where the voice comes through.

Essay Body Questions

Does the essay have a through-line? Is it built around a central argument, thought, idea, or focus? Can you put this idea into your own words?
How is the essay organized? By logical progression? Chronologically? Do you feel order when you read it, or are there moments where you are confused or lose the thread of the essay?
Does the essay have both narratives about the author's life and explanations and insight into what these stories reveal about the author's character, personality, goals, or dreams? If not, which is missing?
Does the essay flow? Are there smooth transitions/clever links between paragraphs? Between the narrative and moments of insight?

Reader Response Questions

Does the writer's personality come through? Do we know what the speaker cares about? Do we get a sense of "who he or she is"?
Where did you feel most connected to the essay? Which parts of the essay gave you a "you are there" sensation by invoking your senses? What moments could you picture in your head well?
Where are the details and examples vague and not specific enough?
Did you get an "a-ha!" feeling anywhere in the essay? Is there a moment of insight that connected all the dots for you? Is there a good reveal or "twist" anywhere in the essay?
What are the strengths of this essay? What needs the most improvement?

Should You Pay Money for Essay Editing?

One alternative to asking someone you know to help you with your college essay is the paid editor route. There are two different ways to pay for essay help: a private essay coach or a less personal editing service , like the many proliferating on the internet.

My advice is to think of these options as a last resort rather than your go-to first choice. I'll first go through the reasons why. Then, if you do decide to go with a paid editor, I'll help you decide between a coach and a service.

When to Consider a Paid Editor

In general, I think hiring someone to work on your essay makes a lot of sense if none of the people I discussed above are a possibility for you.

If you can't ask your parents. For example, if your parents aren't good writers, or if English isn't their first language. Or if you think getting your parents to help is going create unnecessary extra conflict in your relationship with them (applying to college is stressful as it is!)

If you can't ask your teacher or tutor. Maybe you don't have a trusted teacher or tutor that has time to look over your essay with focus. Or, for instance, your favorite humanities teacher has very limited experience with college essays and so won't know what admissions officers want to see.

If you can't ask your guidance counselor. This could be because your guidance counselor is way overwhelmed with other students.

If you can't share your essay with those who know you. It might be that your essay is on a very personal topic that you're unwilling to share with parents, teachers, or peers. Just make sure it doesn't fall into one of the bad-idea topics in our article on bad college essays .

If the cost isn't a consideration. Many of these services are quite expensive, and private coaches even more so. If you have finite resources, I'd say that hiring an SAT or ACT tutor (whether it's PrepScholar or someone else) is better way to spend your money . This is because there's no guarantee that a slightly better essay will sufficiently elevate the rest of your application, but a significantly higher SAT score will definitely raise your applicant profile much more.

Should You Hire an Essay Coach?

On the plus side, essay coaches have read dozens or even hundreds of college essays, so they have experience with the format. Also, because you'll be working closely with a specific person, it's more personal than sending your essay to a service, which will know even less about you.

But, on the minus side, you'll still be bouncing ideas off of someone who doesn't know that much about you . In general, if you can adequately get the help from someone you know, there is no advantage to paying someone to help you.

If you do decide to hire a coach, ask your school counselor, or older students that have used the service for recommendations. If you can't afford the coach's fees, ask whether they can work on a sliding scale —many do. And finally, beware those who guarantee admission to your school of choice—essay coaches don't have any special magic that can back up those promises.

Should You Send Your Essay to a Service?

On the plus side, essay editing services provide a similar product to essay coaches, and they cost significantly less . If you have some assurance that you'll be working with a good editor, the lack of face-to-face interaction won't prevent great results.

On the minus side, however, it can be difficult to gauge the quality of the service before working with them . If they are churning through many application essays without getting to know the students they are helping, you could end up with an over-edited essay that sounds just like everyone else's. In the worst case scenario, an unscrupulous service could send you back a plagiarized essay.

Getting recommendations from friends or a school counselor for reputable services is key to avoiding heavy-handed editing that writes essays for you or does too much to change your essay. Including a badly-edited essay like this in your application could cause problems if there are inconsistencies. For example, in interviews it might be clear you didn't write the essay, or the skill of the essay might not be reflected in your schoolwork and test scores.

Should You Buy an Essay Written by Someone Else?

Let me elaborate. There are super sketchy places on the internet where you can simply buy a pre-written essay. Don't do this!

For one thing, you'll be lying on an official, signed document. All college applications make you sign a statement saying something like this:

I certify that all information submitted in the admission process—including the application, the personal essay, any supplements, and any other supporting materials—is my own work, factually true, and honestly presented... I understand that I may be subject to a range of possible disciplinary actions, including admission revocation, expulsion, or revocation of course credit, grades, and degree, should the information I have certified be false. (From the Common Application )

For another thing, if your academic record doesn't match the essay's quality, the admissions officer will start thinking your whole application is riddled with lies.

Admission officers have full access to your writing portion of the SAT or ACT so that they can compare work that was done in proctored conditions with that done at home. They can tell if these were written by different people. Not only that, but there are now a number of search engines that faculty and admission officers can use to see if an essay contains strings of words that have appeared in other essays—you have no guarantee that the essay you bought wasn't also bought by 50 other students.

You should get college essay help with both editing and proofreading
A good editor will ask questions about your idea, logic, and structure, and will point out places where clarity is needed
A good editor will absolutely not answer these questions, give you their own ideas, or write the essay or parts of the essay for you
A good proofreader will find typos and check your formatting
All of them agree that getting light editing and proofreading is necessary
Parents, teachers, guidance or college counselor, and peers or siblings
If you can't ask any of those, you can pay for college essay help, but watch out for services or coaches who over-edit you work
Don't buy a pre-written essay! Colleges can tell, and it'll make your whole application sound false.

Ready to start working on your essay? Check out our explanation of the point of the personal essay and the role it plays on your applications and then explore our step-by-step guide to writing a great college essay .

Using the Common Application for your college applications? We have an excellent guide to the Common App essay prompts and useful advice on how to pick the Common App prompt that's right for you . Wondering how other people tackled these prompts? Then work through our roundup of over 130 real college essay examples published by colleges .

Stressed about whether to take the SAT again before submitting your application? Let us help you decide how many times to take this test . If you choose to go for it, we have the ultimate guide to studying for the SAT to give you the ins and outs of the best ways to study.

Want to improve your SAT score by 160 points or your ACT score by 4 points? We've written a guide for each test about the top 5 strategies you must be using to have a shot at improving your score. Download them for free now:

Anna scored in the 99th percentile on her SATs in high school, and went on to major in English at Princeton and to get her doctorate in English Literature at Columbia. She is passionate about improving student access to higher education.

Ask a Question Below

Have any questions about this article or other topics? Ask below and we'll reply!

Improve With Our Famous Guides

For All Students

The 5 Strategies You Must Be Using to Improve 160+ SAT Points

How to Get a Perfect 1600, by a Perfect Scorer

Series: How to Get 800 on Each SAT Section:

Score 800 on SAT Math

Score 800 on SAT Reading

Score 800 on SAT Writing

Series: How to Get to 600 on Each SAT Section:

Score 600 on SAT Math

Score 600 on SAT Reading

Score 600 on SAT Writing

Free Complete Official SAT Practice Tests

What SAT Target Score Should You Be Aiming For?

15 Strategies to Improve Your SAT Essay

The 5 Strategies You Must Be Using to Improve 4+ ACT Points

How to Get a Perfect 36 ACT, by a Perfect Scorer

Series: How to Get 36 on Each ACT Section:

36 on ACT English

36 on ACT Math

36 on ACT Reading

36 on ACT Science

Series: How to Get to 24 on Each ACT Section:

24 on ACT English

24 on ACT Math

24 on ACT Reading

24 on ACT Science

What ACT target score should you be aiming for?

ACT Vocabulary You Must Know

ACT Writing: 15 Tips to Raise Your Essay Score

How to Get Into Harvard and the Ivy League

How to Get a Perfect 4.0 GPA

How to Write an Amazing College Essay

What Exactly Are Colleges Looking For?

Is the ACT easier than the SAT? A Comprehensive Guide

Should you retake your SAT or ACT?

When should you take the SAT or ACT?

Stay Informed

Get the latest articles and test prep tips!

Looking for Graduate School Test Prep?

Check out our top-rated graduate blogs here:

GRE Online Prep Blog

GMAT Online Prep Blog

TOEFL Online Prep Blog

Holly R. "I am absolutely overjoyed and cannot thank you enough for helping me!”

Share full article

Supported by

Letter of Recommendation

What I’ve Learned From My Students’ College Essays

The genre is often maligned for being formulaic and melodramatic, but it’s more important than you think.

An illustration of a high school student with blue hair, dreaming of what to write in their college essay.

By Nell Freudenberger

Most high school seniors approach the college essay with dread. Either their upbringing hasn’t supplied them with several hundred words of adversity, or worse, they’re afraid that packaging the genuine trauma they’ve experienced is the only way to secure their future. The college counselor at the Brooklyn high school where I’m a writing tutor advises against trauma porn. “Keep it brief , ” she says, “and show how you rose above it.”

I started volunteering in New York City schools in my 20s, before I had kids of my own. At the time, I liked hanging out with teenagers, whom I sometimes had more interesting conversations with than I did my peers. Often I worked with students who spoke English as a second language or who used slang in their writing, and at first I was hung up on grammar. Should I correct any deviation from “standard English” to appeal to some Wizard of Oz behind the curtains of a college admissions office? Or should I encourage students to write the way they speak, in pursuit of an authentic voice, that most elusive of literary qualities?

In fact, I was missing the point. One of many lessons the students have taught me is to let the story dictate the voice of the essay. A few years ago, I worked with a boy who claimed to have nothing to write about. His life had been ordinary, he said; nothing had happened to him. I asked if he wanted to try writing about a family member, his favorite school subject, a summer job? He glanced at his phone, his posture and expression suggesting that he’d rather be anywhere but in front of a computer with me. “Hobbies?” I suggested, without much hope. He gave me a shy glance. “I like to box,” he said.

I’ve had this experience with reluctant writers again and again — when a topic clicks with a student, an essay can unfurl spontaneously. Of course the primary goal of a college essay is to help its author get an education that leads to a career. Changes in testing policies and financial aid have made applying to college more confusing than ever, but essays have remained basically the same. I would argue that they’re much more than an onerous task or rote exercise, and that unlike standardized tests they are infinitely variable and sometimes beautiful. College essays also provide an opportunity to learn precision, clarity and the process of working toward the truth through multiple revisions.

When a topic clicks with a student, an essay can unfurl spontaneously.

Even if writing doesn’t end up being fundamental to their future professions, students learn to choose language carefully and to be suspicious of the first words that come to mind. Especially now, as college students shoulder so much of the country’s ethical responsibility for war with their protest movement, essay writing teaches prospective students an increasingly urgent lesson: that choosing their own words over ready-made phrases is the only reliable way to ensure they’re thinking for themselves.

Teenagers are ideal writers for several reasons. They’re usually free of preconceptions about writing, and they tend not to use self-consciously ‘‘literary’’ language. They’re allergic to hypocrisy and are generally unfiltered: They overshare, ask personal questions and call you out for microaggressions as well as less egregious (but still mortifying) verbal errors, such as referring to weed as ‘‘pot.’’ Most important, they have yet to put down their best stories in a finished form.

I can imagine an essay taking a risk and distinguishing itself formally — a poem or a one-act play — but most kids use a more straightforward model: a hook followed by a narrative built around “small moments” that lead to a concluding lesson or aspiration for the future. I never get tired of working with students on these essays because each one is different, and the short, rigid form sometimes makes an emotional story even more powerful. Before I read Javier Zamora’s wrenching “Solito,” I worked with a student who had been transported by a coyote into the U.S. and was reunited with his mother in the parking lot of a big-box store. I don’t remember whether this essay focused on specific skills or coping mechanisms that he gained from his ordeal. I remember only the bliss of the parent-and-child reunion in that uninspiring setting. If I were making a case to an admissions officer, I would suggest that simply being able to convey that experience demonstrates the kind of resilience that any college should admire.

The essays that have stayed with me over the years don’t follow a pattern. There are some narratives on very predictable topics — living up to the expectations of immigrant parents, or suffering from depression in 2020 — that are moving because of the attention with which the student describes the experience. One girl determined to become an engineer while watching her father build furniture from scraps after work; a boy, grieving for his mother during lockdown, began taking pictures of the sky.

If, as Lorrie Moore said, “a short story is a love affair; a novel is a marriage,” what is a college essay? Every once in a while I sit down next to a student and start reading, and I have to suppress my excitement, because there on the Google Doc in front of me is a real writer’s voice. One of the first students I ever worked with wrote about falling in love with another girl in dance class, the absolute magic of watching her move and the terror in the conflict between her feelings and the instruction of her religious middle school. She made me think that college essays are less like love than limerence: one-sided, obsessive, idiosyncratic but profound, the first draft of the most personal story their writers will ever tell.

Nell Freudenberger’s novel “The Limits” was published by Knopf last month. She volunteers through the PEN America Writers in the Schools program.

Letitia James Asked to Turn Over Documents

R epresentative Jim Jordan is asking New York Attorney General Letitia James to hand over documents and communications related to a prosecutor working on former President Donald Trump 's hush money case.

Jordan, the Ohio Republican who chairs the House Judiciary Committee, sent a letter to James requesting all documents and communications about Matthew Colangelo, an attorney working for Manhattan District Attorney Alvin Bragg previously employed by James' office and the Department of Justice (DOJ).

Bragg's office is trying Trump on 34 counts of falsifying business records related to an alleged hush money payment to adult film actor Stormy Daniels ahead of the 2016 presidential election. Bragg alleged the payment was meant to prevent her from speaking publicly about her claims of having an affair with the former president.

Trump has denied having an affair with Daniels and pleaded not guilty to all criminal charges. He maintains his innocence and has accused Bragg and other prosecutors of targeting him for political purposes, criticizing the trial as a form of election interference.

Trump supporters have raised concerns about Colangelo's previous experience at the DOJ, where he also worked on cases involving the former president.

Republicans have accused prosecutors of unjustly targeting Trump, the presumptive Republican presidential nominee, for political purposes. Some conservatives have also spread claims that the connection is evidence that President Joe Biden is behind the prosecution, but no evidence has been presented to support those allegations.

Jordan's committee has been probing what he views as the "weaponization" of the legal system against Trump and other conservatives. His letter to James comes amid his efforts to look into these concerns. In the letter, he expressed concerns about "the perception that the Justice Department is assisting in District Attorney Bragg's politicized prosecution."

"The fact that a former senior Biden DOJ official—whose previous employment consisted of leading 'a wave of state litigation against Trump administration policies'—is now leading the prosecution of President Biden's chief political rival only adds to the perception that the Biden DOJ is politicized and weaponized," Jordan wrote.

He argued that Colangelo's employment shows an alleged "obsession with investigating a person rather than prosecuting a crime."

Jordan requested all documents and communications since January 1, 2017, between Colangelo and any employee of the Manhattan DA's Office, the Fulton County DA's Office in Georgia (where Trump is facing election interference charges), the DOJ, the Democratic National Committee or Biden for President referring to or related to Trump, The Trump Organization and any other entity associated with Trump, according to the letter.

He also requested all personnel files related to Colangelo's hiring, employment or termination at the AG's office. Jordan asked James to deliver all files to him by May 29, 2024, at 5 p.m.

Newsweek reached out to James' and Bragg's offices for comment via email.

Colangelo spent two years in a senior position at the DOJ , overseeing the Antitrust, Civil, Civil Rights, Environment and Natural Resources, and Tax divisions, according to a press release announcing his hiring in December 2022

In the press release, Bragg wrote: "Matthew Colangelo brings a wealth of economic justice experience combined with complex white-collar investigations, and he has the sound judgment and integrity needed to pursue justice against powerful people and institutions when they abuse their power."

It also noted that Colangelo worked at the New York State Office of the Attorney General, where he investigated the Trump Foundation.

Start your unlimited Newsweek trial

New York Attorney General Letitia James speaks during a press conference in New York City on February 16, 2024. Representative Jim Jordan requested James send him documents related to former President Donald Trump’s hush money payment.

The State of Development Journals 2024: Quality, Acceptance Rates, Review Times, and What’s New

David mckenzie.

This is the eighth in my annual series of efforts to put together data on development economics journals that is not otherwise publicly available or easy to access (see 2017 , 2018 , 2019 , 2020 , 2021 , 2022 , 2023 for the previous editions). I once again thank all the journal editors and editorial staff who graciously shared their statistics with me.

Journal Quality

The most well-known metric of journal quality is its impact factor . The standard impact factor is the mean number of citations in the last year of papers published in the journal in the past 2 years, while the 5-year is the mean number of cites in the last year of papers published in the last 5. As noted in previous years, the distribution of citations are highly skewed, and while the mean number of citations differs across journals, there is substantial overlap in the distributions – most of the variation in citations is within, rather than across journals. We continue to see growth in these impact factors at many journals. The big news this year is that they have decided that you really don’t need three decimal places any more in the impact factors. I compliment these stats with RePec’s journal rankings which take into account article downloads and abstract views in addition to citations.

Table 3 then shows two additional metrics, taken from Scimago , which uses information from the Scopus database. The first is the SJR (SCImago Journal Rank), which is a prestige-weighted citation metric – which works like Google PageRank, giving more weight to citations in sources with a relatively high SJR. I’ve included some of the top general journals in economics for comparison. Scimago also provides an H-index which is the number of papers published by a journal in any year that were cited at least h times in the reference year – so this captures how many papers continue to be influential but as a result, favors more established journals, and ones that publish more articles, that have a larger body of articles to draw upon.

How many submissions are received, and what are the chances of getting accepted?

Table 4 shows the number of submissions received each year. See previous years posts for statistics before 2019. The total submissions in the 11 journals tracked is almost 10,000 papers (note I received no data from the Review of Development Economics this year so have excluded it). Total submissions in these journals are up 7.7% over last year, although not quite at the 2020 peak.

At most journals the number of submissions has either leveled off or fallen since a peak in 2020-21. World Development had the largest 2020 peak when they had a special call for a variety of short papers on COVID-19, but perhaps the combination of people sending off lots of papers during the pandemic and then being a little slower to start new projects has halted the rapid growth somewhat.

· The newish World Development Perspectives already received 532 submissions last year, more than many long established development journals.

· The Review of Development Economics has seen very rapid growth in submissions. I only started collecting stats for it last year, but the editors note that in 2015 they received about 450 submissions, and this has now grown to more than 1,500 last year.

Table 5 shows the total number of papers published in each journal. 782 papers were published in 2023, so that’s a lot of development research (even though less than 1 in 10 of the submitted papers and down slightly on the 811 papers published in 2022). I’ve noted in previous years that some of the journals have been able to flexibly increase the number of articles published as their submission numbers have risen, reducing publication lags as well.

The ratio of the number of papers published to those submitted is approximately the acceptance rate. Of course papers are often published in a different year from when they are submitted, and so journals calculate acceptance rates by trying to match up the timing. Each journal does this in somewhat different ways. Hence Economia-Lacea reports a 0% acceptance rate for 2023 since none of the papers submitted in 2023 have yet been accepted, although some are still under review. Table 6 shows the acceptance rates at different journals as reported by these journals. Of course the number and quality of submissions varies across journals, and so comparing acceptance rates across journals does not tell you what the chances are of your particular paper getting accepted is at these different journals.

How long does it take papers to get refereed?

In addition to wanting to publish in a high quality outlet, and having a decent chance of publication, authors also care a lot about how efficient the process is. Table 7 provides data on the review process (see the previous years’ posts for historic data). The first column shows the desk rejection rate, which averages 73%. Column 2 uses the desk rejection rates and acceptance rates to estimate the acceptance rate conditional on you making it past the desk rejection stage. On average, about one in three papers that gets sent to referees gets accepted, with this varying from 12% to 63% across journals.

The remaining columns give some numbers on how long it takes to get a first-round decision. The statistics “Unconditional on going to referees” includes all the desk rejections, which typically don’t take that many days. The average conditional on going to referees is in the 3-5 month range. The last two columns then show that at most journals, almost all papers have a decision within 6 months – so in my opinion, you should feel free to send an enquiry if your paper takes longer than that.

Do revisions typically get sent back to the referees or handled by the editor?

Another factor that can make a big difference in how long it takes to publish a paper is whether editors send revised papers back to referees, or instead reads the response letter and revision themselves and just makes a decision on this basis. This is something that the AER and AEJ Applied have been trying to do more and more, with only 25% of revisions at the AEJ Applied going back to referees. In my own editing at WBE, I send fewer than 5% of revisions back to referees. This year I asked the different journals what their approaches were. Many do not systematically track this, but offered some approximations:

· Journal of Development Economics: approximately 60% of revisions go back to referees, although 0% for the short papers (see below)

· Development Policy Review: only 10% of revisions go back to referees.

· Journal of Development Effectiveness: 7.7% were sent back to referees

· Journal of Development Studies: not tracked, but less than 20% go back to referees

· Journal of African Economies: 52% are sent back to referees

· Economia: 70% go back to referees.

· EDCC: does not track this, but first revisions are usually sent back to referees.

· World Development, World Development Perspectives, WBRO, and WBER do not track this, and results may vary a lot by editor.

Updates on the JDE Short Paper and Registered Report Tracks

The Journal of Development Economics has two other categories of papers that differ from other development journals:

· The short paper format has proved popular. There were 148 submissions in 2023 (about 8% of total submissions), and 21 short papers were accepted. These papers follow the model of AER Insights, ReStat, etc in which papers are either conditionally accepted or rejected, and so any revisions are minor and are not sent back to referees.

· The JDE registered reports had 19 stage 1 acceptances in 2023, and 1 stage 2 acceptance, reflecting a lag from COVID when there were not many new submissions. They have a website jdepreresults.org which tracks the stage 1 and stage 2 registered reports, but some of the data was lost when transitioning the website, so if you have a registered report accepted that is not listed there, please let the journal know.

Other Development Journal News

Finally, I asked the journals if they had any other major news or changes to report. Here are what they wanted to share:

· At EDCC, Prashant Bharadwaj has replaced Marcel Fafchamps as editor. Thanks to Marcel for 10 years at the helm. The journal is one of the few development journals with a submission fee ($50), but offers a fee waiver to referees who have submitted a timely report in the year prior to submission.

· Other editorial changes are Ganeshan Wignaraja replacing Colin Kirkpatrick as co-editor at Development Policy Review, and Marie Gardner and Ashu Handa taking over from Manny Jimenez at the Journal of Development Effectiveness.

· The Journal of Development Effectiveness notes they are implementing a set of actions to raise awareness about transparency, ethics and equity in research, and to address power imbalances among HIC-L&MIC research teams. The editors note they are particularly concerned with research involving primary data collection in an L&MIC where there is no author from an institution in that country. For articles submitted to JDEff that fall into this category, they will require the authors to complete a short author reflexivity statement that will be published along with the article. The statement will explain the contribution of each author per Taylor & Francis authorship criteria, which are consistent with the criteria established by the International Committee of Medical Journal Editors. Authors will be asked to explain why there is no contributing author from the study location, specifically, whether any team member based in the study location made a ’significant contribution to conception, study design, execution or acquisition of data,’ and if so, why they were not subsequently invited to review the manuscript and take responsibility for its contents. And for work involving randomized controlled trials or interviews with vulnerable groups, authors will also be asked to answer a set of questions about research ethics. Final manuscript acceptance and publication in JDEff will be based on the scientific quality of the work as well as an assessment of whether the work was conducted in an equitable, inclusive and ethical manner.

Finally, thanks again to all the editors for all the time and effort they devote to improving the quality and visibility of development research. As you can see, they have a lot to deal with!

Lead Economist, Development Research Group, World Bank

Join the Conversation

Share on mail
comments added

IMAGES

Essay on Money
Essay on Money
Importance of Money Essay in English//high school essay// beautiful
10 Lines on Money in English for Children and Students of Class 1, 2, 3
Essay on Money
10 lines on money in English !! short essay on money in english

VIDEO

Write a short essay on Money can't buy Happiness
English Essay on Money Can't Buy Happiness 😊
#ll write an article on Importance of money 💰.II Write a Essay on Importance of Money 💰.ll
5 Million Dollars Gold Steal (GTA 5 Online Essay Money)
Time is Money Essay in English 10 Lines || Short Essay on Time is Money
Essay on Pocket Money in English| Paragraph on Pocket Money

COMMENTS

Essay on Money for Students and Children
500+ Words Essay on Money. Money is an essential need to survive in the world. In today's world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it.
Essays About Money: Top 5 Examples And 6 Prompts
5 Top Examples On Essay About Money. 1. Essay on Money by Prasanna. "Imagine the world without money. We will eventually come to a point where we will be asking questions like "what's the point of life". Hope and goals are some of the important things that will keep a man going in life.
Essay On Money: 100, 250 Words Samples
Essay on Money in 100 Words. El dinero or money is used as a medium of exchange, unit of account, and store of value. It facilitates trade, allowing for the smooth exchange of goods and services, while also enabling efficient allocation of resources and encouraging economic growth. As a unit of account, it provides a standardized measure of ...
Essay on Money
10 Lines on Money Essay. Money is the only trustworthy and convenient way of trade. The money we use is guaranteed and backed by our government. Money, collected in the form of tax, helps us create a better environment for us. Earning money will give people hope and direction to lead a happy life.
260 Money Topics to Write About & Essay Examples
There are lots of money essay topics for students to explore. You might want to focus on the issue of money management or elaborate on why money is so important nowadays. Other exciting topics for a money essay are the relation between money and love, the role of money in education, etc. Below you'll find a list of money topics to write about!
Essay on Money
500+ Words Essay on Money. Money is any object or record that is generally accepted as payment for goods and services and repayment of debts which also acts as a standard of deferred payments. The main functions of money are distinguished as: a medium of exchange, a unit of account and a store of value. The money supply of a country consists of ...
Importance of Money Essay
100 Words Essay On Importance Of Money. Money is a critical factor in our lives as it helps us to meet our basic needs and desires. It provides us with a sense of security and helps us to plan for the future. Money enables us to buy food, shelter, and clothing, and to access healthcare and education. Additionally, it provides us with the means ...
'Miles Walked, Miles Driven': This Year's College Essays About Money
A typical Tuesday bleeds into a typical week, adding up to a total of over 600 miles. Nearly three hours each day before I add in school, work, swimming and commitments as a brother, as a son ...
Essay on Importance of Money
500 Words Essay on Importance of Money Introduction. Money, often seen as a simple medium of exchange, plays a pivotal role in modern society. Its importance transcends mere transactions, permeating every aspect of our lives - from the economy to social structures, personal relationships, and even our sense of self-worth. ...
Importance and Benefits of Money Essay in English
Short Essay on Money 300 Words in English. Money is the fundamental need of life, without which nobody can envision a sound and tranquil life. We need money to satisfy our littlest needs. In present-day times, when progress is growing quickly and everybody is following western culture, in such a period, we need more money because of expanding ...
Essay on Money
This essay delves into the multifaceted nature of money, exploring its significance, functions, and implications for both societies and individuals. The Concept and Evolution of Money. Money, in its essence, is a medium of exchange, a unit of account, a store of value, and sometimes, a standard of deferred payment.
Time is Money Essay for Students and Children
Through time is money essay, we will go through its importance and the reason behind it. Learn. CBSE. Class 5 to 12. Physics. Difference Between in Physics; Maths; Chemistry; ... > English > Essays > Time Is Money Essay Essays Time Is Money Essay. 500 Words Essay On Time Is Money. Time is money means time is priceless and precious. We use it ...
Essay on Money: Meaning, Functions and Role
Read this essay to learn about the meaning, functions and role of money. Meaning of Money: Money has been defined differently by different economists. Some, like F.A. Walker, define it in terms of its functions, while others like G.D.H. Cole, J.M. Keynes, Seligman and D.H. Robertson lay stress on the 'general acceptability' aspect of money. According to Prof. D.H. Robertson, "anything which is ...
Essay on Money in English for Children and Students
Money Essay 4 (250 words) Money is very much required thing in the life however; it cannot buy things like time, love and true care. It can only fulfil the outer needs of the person and not the inner needs like true love. Now-a-days, everything has become so costly but necessary to buy for living a simple life.
Long and Short Essay on Money in English for Children and Students
Money Essay. Money is the medium used by people to buy required goods and services. It is used as the source to fulfill basic needs and is also a source of comfort in life. Money is the most important source to live a healthy and prosperous life; however, it cannot be compared with the significance of love and care.
Essay On Money In English
Long and Short Essay on Money in English Essay 1 (300 Words) - Money: The Basic Necessity of Life. Preface. Money is the basic necessity of life, without which one cannot imagine a healthy and peaceful life. We need money to fulfill our smallest requirement. In modern times, when civilization is developing rapidly and everyone is following ...
Time is Money Essay for Students in English
Time is superior, and instead of chasing money, one should use their time strategically with a definite future goal. Time is money essay for Class 5 reveals that a person who uses time efficiently gains status, respect, and a high reputation in the society. People who don't understand the value of time are worthless.
Essay on Money
Essay on Money. This essay sample was donated by a student to help the academic community. Papers provided by EduBirdie writers usually outdo students' samples. Money has a major role in the Development of society often times, people say that they can live without money. They define money as just one of the tools that enhance people's living ...
The Value Of Money English Literature Essay
The Value Of Money English Literature Essay. Probably, most people have lived situations which money played a fundamental role. Maybe an illness like cancer is an evident reason to need money. Also, there are basic needs of daily life, such as food, house, studies, locomotion, clothes, etc. Those needs require spending money to cover them to ...
Essay On Money: 10 Lines, Short And Long Essay For Children
ADVERTISEMENTS. An essay has three basic parts - introduction, body, and conclusion. Write an introduction emphasising the value of money in our life. Include points like the importance of money, things we can do or buy with money, its global acceptance, etc. The conclusion should summarise the points mentioned above.
Essay on Money for all Class in 100 to 500 Words in English
Money Essay 10 Lines (100 - 150 Words) 1) Money is the medium of exchange that allows us to make payments. 2) Between 650 and 600 BC, the first-ever money Mesopotamian shekel came into existence. 3) In 1861, currency notes were established. 4) Money helps us to live a comfortable and luxurious life. 5) People work hard to earn more money.
Money Essay
Money is necessary to buy the requirements of life and achieve a decent life for man. Money saves the dignity of the human and helps him to overcome the problems. People need money in everything in their lives, such as education, health care and all aspects of life. But also money is a blessing from God. A person must preserve this grace and ...
Getting College Essay Help: Important Do's and Don'ts
Have a fresh pair of eyes give you some feedback. Don't allow someone else to rewrite your essay, but do take advantage of others' edits and opinions when they seem helpful. ( Bates College) Read your essay aloud to someone. Reading the essay out loud offers a chance to hear how your essay sounds outside your head.
Have a Question About Money? Ask Us.
Whether you're a young person learning how to manage your finances for the first time or a seasoned retiree hoping to get expert advice to guide you through your golden years, we want to hear ...
What I've Learned From My Students' College Essays
I can imagine an essay taking a risk and distinguishing itself formally — a poem or a one-act play — but most kids use a more straightforward model: a hook followed by a narrative built around ...
Policy Papers
The global economy has been resilient and appears headed for a soft landing. Inflation continues to recede and risks have become more balanced globally. Nonetheless, medium-term growth prospects remain at the lowest level in decades and a smooth completion of the disinflation process should not be taken for granted. While the outlook for low-income developing countries (LIDCs) is improving ...
EMDE Central Bank Interventions during COVID-19 to Support Market ...
This paper examines emerging market and developing economy (EMDE) central bank interventions to maintain financial stability during the COVID-19 pandemic. Through empirical analysis and case study reviews, it identifies lessons for designing future programs to address challenges faced in EMDEs, including less-developed financial markets and lower levels of institutional credibility.
Letitia James Asked to Turn Over Documents
Rep. Jim Jordan made a request to AG James for communications and documents about a prosecutor in the Trump hush money case. Newsweek. Letitia James Asked to Turn Over Documents. Story by Andrew ...
The State of Development Journals 2024: Quality, Acceptance Rates
The ratio of the number of papers published to those submitted is approximately the acceptance rate. Of course papers are often published in a different year from when they are submitted, and so journals calculate acceptance rates by trying to match up the timing. Each journal does this in somewhat different ways.
Recent Challenges to the Conduct of Monetary Policy in the WAEMU
This paper discusses recent challenges in BCEAO monetary policy, from a recent spike in inflation, the persistent erosion of external reserves, and strains in the regional financial market. In response to these shocks, the BCEAO operated via both policy rates and liquidity management, including by shifting from fixed to variable rate auctions. The paper finds that the conduct of monetary ...

Essays About Money: Top 5 Examples and 6 Prompts

5 Top Examples On Essay About Money

Writing Prompts For Essays About Money

5. ​​ An Introduction to Saving Money by Jeremy Vohwinkle

30,000+ students realised their study abroad dream with us. Take the first step today

Essay On Money: 100, 250 Words Samples

What is Money?

Why is Money So Important?

Essay on Money in 100 Words

Essay on Money in 250 Words

Shiva Tyagi

Connect With Us

30,000+ students realised their study abroad dream with us. Take the first step today.

Need help with?

Country Preference

Which English test are you planning to take?

When are you planning to take the exam?

Which Degree do you wish to pursue?

What is your budget to study abroad?

Make your study abroad dream a reality in January 2022 with

Essex Direct Admission Day

260 Money Topics to Write About & Essay Examples

🏆 Best Money Essay Examples & Ideas

Essay on Money

500+ Words Essay on Money

Significance of Money in Economy

Demonetisation in India

Leave a Comment Cancel reply

Register with BYJU'S & Download Free PDFs

Products & Resources

Colleges & Courses

Predictors & E-Books

Predictors & Articles

Top Courses & Careers

Quick Links

Diploma Colleges

Upcoming Events

Other Exams

Top Countries

Student Visas

Engineering Preparation

Medical Preparation

Online Courses

Top Streams

Specializations

Top Providers

Importance of Money Essay - 100, 200, 500 Words

100 Words Essay On Importance Of Money

200 Word Essay On Importance Of Money

500 Word Essay On Importance Of Money

Origin of money

Types of Money

Properties of money

Basic Need For Money

Uses of money

Power Of Money

Impact Of Money

Applications for Admissions are open.

Aakash iACST Scholarship Test 2024

ALLEN Digital Scholarship Admission Test (ADSAT)

JEE Main Important Physics formulas

PW JEE Coaching

PW NEET Coaching

JEE Main Important Chemistry formulas

Download Careers360 App's

We Appeared in

Essay on Importance of Money

100 Words Essay on Importance of Money

Significance in Daily Life

Role in Society

250 Words Essay on Importance of Money

Money as a Means of Exchange

Money and Freedom

Money and Social Status

Money as a Tool, Not a Goal

500 Words Essay on Importance of Money

The Economic Imperative

Money as a Social Construct

The Psychological Dimension

Money and Happiness

5. An Introduction to Saving Money by Jeremy Vohwinkle