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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!

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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. Our parents work hard to fulfill our dreams .

Furthermore various businessmen , entrepreneurs have startup businesses to earn profits. They have made use of their skills and intelligence in getting an upper hand in earning. Also, the employee sector works day and night to complete their tasks given to them. But still, there are many people who take shortcuts to success and get involved in corruption.

Black Money

Black money is the money that people earn with corruption . For your information corruption involves the misuse of the power of high posts. For instance, it involves taking bribes, extra money for free services, etc. Corruption is the main cause of the lack of proper growth of the country .

Moreover, money that people having authority earns misusing their powers is black money. Furthermore, these earnings do not have proper documentation. As a result, the people who earn this do not pay income tax . Which is a great offense and the person who does this can be behind bars.

Money Laundering

In simple terms, money laundering is converting black money into white money. Also, this is another illegal offense. Furthermore, money laundering also encourages various crimes. Because it is the only way criminal can use their money from illegal sources. Money laundering is a crime, and the people who practice it are liable to go to jail.

Therefore the Government is taking various preventive measures to abolish money laundering. The government is linking bank accounts to AADHAR Card. To get all the transaction detail of each bank account. As a result, the government comes to know if any transaction is from an illegal source .

Also, every bank account has its own KYC (Know your Customer) this separates different categories of income of people. Businessmen are in the high-risk category. Then comes the people who are on a high post they are in the medium-risk category. Further, the last category is of the Employee sector they are at the lowest risk.

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

White Money

White money is the money that people earn through legal sources. Moreover, it is the money on which the people have already paid the tax. The employee sector of any company always has white money income.

Because the tax is already levied on their income. Therefore the safest way to earn money is in the employment sector. But your income will be limited here. As a result, many people take a different path and choose entrepreneurship. This helps them in starting their own company and make profitable incomes .

Every person in this world works hard to earn money. People try different methods and set of skills to increase their incomes. But it is always not about earning money, it’s about saving and spending it. People should spend money wisely. Moreover, things should always be bought by judging their worth. Because money is not precious but the efforts you make for it are.

Q1. What is Black Money?

A1. Black money is the money that people earn through illegal ways. It is strictly prohibited in our country. And the people who have it can go to jail.

Q2. What is the difference between Black money and White money?

A2. The difference between black money and white money is, Black money comes from illegal earnings. But white money comes from legal sources with taxation levied on it.

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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.

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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.

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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.

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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 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.

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.

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Essay on Poverty

Essay on Jan Dhan Yojana

Essay on Honesty is the Best Policy

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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.

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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

Grammar Library

10 Lines on Money – Grammar Library

Money is something everyone uses almost every day, but have you ever stopped to think about how important it really is? Money is not just pieces of paper or coins; it is a key that opens doors to new possibilities and comforts in life. Whether it’s buying a favorite snack or saving for a new toy, money plays a crucial role. As we dive deeper into this article, we’ll explore the various aspects of money and understand its true value in our daily lives.

Table of Contents

10 Lines on Money – Set 1

Money is used to buy things like toys, food, and clothes.
We earn money by working in jobs.
Coins and paper notes are types of money.
Saving money in a bank keeps it safe.
Money helps us trade, which means exchanging it for goods.
Different countries have different types of money.
We use money to pay for services like schooling and transportation.
It’s important to spend money wisely and save some too.
Having money allows us to help others who need it.
Money can be counted and used to plan for future needs.

10 Lines on Money – Set 2

It comes in different forms, including coins, paper bills, and digital forms.
Each country has its own type of money, like dollars in the USA or pounds in the UK.
We earn money by working jobs, like teaching or being a doctor.
Saving money is important; it helps us buy big things later or for emergencies.
Banks are places where we can keep our money safe.
Money must be used wisely; we should spend it on needs before wants.
People trade money for services, like getting a haircut or a car wash.
We can also donate money to help others who are in need.
Learning to manage money is a useful skill for everyone.

10 Lines on Money – Set 3

The value of money can change; what you buy for $1 today might cost more or less in the future.
Long ago, people didn’t use money but traded goods directly, like grains for cloth.
Coins are usually made from metals, and paper bills are made from a special kind of paper or plastic.
Collecting different kinds of money can be a fun hobby.
Using money wisely is called financial responsibility.
Money helps countries trade goods with each other, improving relationships.
There are special machines called ATMs that let us take out cash using a card.
Some people use apps on phones or computers to handle their money.
Money must be earned through hard work and determination.
Understanding money helps us make good choices when buying or saving.

10 Lines on Money – Set 4

Money is what we use to buy things like toys, books, and food.
There are different types of money, like coins and paper bills.
Coins come in different sizes, shapes, and colors, like pennies, nickels, dimes, and quarters.
Each coin has a different value. For example, a penny is worth one cent, while a quarter is worth twenty-five cents.
Paper bills are also called banknotes, and they come in different amounts, like $1, $5, $10, $20, and more.
We earn money by doing chores, helping around the house, or through allowances from our parents.
People also earn money by working at jobs, like teachers, doctors, firefighters, and many others.
We save money by putting some of it aside in a piggy bank or a savings account at a bank.
Money helps us to buy things we need and want, but it’s important to spend it wisely and not waste it.
Learning about money helps us understand how to manage it responsibly when we grow up.

10 Lines on Money – Set 5

Money can be used to exchange goods and services, like buying groceries or getting a haircut.
In the past, people used to barter, which means trading goods for other goods, but now we use money to make it easier.
Different countries have different currencies, like the dollar in the United States, the euro in Europe, or the yen in Japan.
Banks are places where we can keep our money safe, and they also lend money to people who need it for buying homes or starting businesses.
When we buy something, we give money to the store or the person selling it, and in return, we get what we want.
Money is made from materials like paper or metal, but its value comes from the trust people have in it and the government that issues it.
Sometimes, we can donate money to help others in need, like giving to charity or supporting a cause we care about.
Learning about money includes understanding concepts like budgeting, saving, and spending wisely to achieve our goals.
Money is not just about buying things; it’s also about understanding its role in our lives and society.
By learning about money, we can become responsible citizens who know how to manage our resources effectively.

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.

10 Lines on Money

Money is a medium of exchange through which people buy different goods and avail services. It is also charged by those people who sell their goods or render their services. Different countries have different kinds of money which is used as a medium of exchange; it is also called as currency and in general terms called as cash. It is sometimes also used for paying off the debts. Money is so closely associated with any country’s economy that without money the economy of a country will collapse.

Money consists of paper currency and coins. The small denominations have coins and larger denominations have paper currency as the medium of exchange. Generally, people use to carry both of these forms of money with them.

Ten Lines on Money in English

We are providing 10 lines, 5 lines, 20 lines, few lines and sentences on money in English for Class 1, 2, 3, 4, 5 and 6 so that after reading these lines you can have better understanding of money in our life. You can add these lines in your essay and paragraph in your exam as well as in competition in school.

1) Money is a kind of legal tender, which means a medium of exchange which is recognised by the government; generally notes and coins are legal tenders.

2) It is accepted for payment of goods and services as well as for repayment of debts.

3) It is also used as a measurement of value of any commodity, it tells about the market value of any item produced. Ex- cost of one unit of pen is Rs 5. (That is, the market value or the worth of a pen is Rs 5)

4) It is used as a standard of deferred payments i.e. to pay the loans and debts which were previously borrowed.

5) To act as a store of value, which means money is an asset which should be stored, saved and exchanged at some time and become useful when timely received.

6) Money must be durable which means that it must be produced for repeated use.

7) It must be portable i.e. it must be easily carried and transported.

8) Money must be “cognizable” i.e. its value must be identified very easily. Ex- a note of Rs 20, a 10-rupee coin etc.

9) Money is a kind of liquid asset which is easily exchanged as well as universally recognized and taken as a legal tender.

10) Before introduction of money, there was a system called “Barter System” in which any item was exchanged with another item which was very much needed.

10 Lines and Sentences on Money

1) Money in India is printed and circulated by RBI (Reserve Bank of India), a central banking institution which declares currency note as legal tender.

2) In 1944 the “Bretton Woods System” conference was held in America, where countries unanimously declared US dollar as universal medium of exchange.

3) “Commodity Money” is money, whose value comes from the commodity it is made of. Ex- gold, silver, livestock etc.

4) “Representative Money” is a type of money which has a face value greater than its materialistic value. For Ex- gold certificates, silver certificates etc.

5) “Fiat Money” is a type of money which has the value only through legal declaration and has mo materialistic worth. Ex- legal tenders declared by the government.

6) “Paper Money” is a kind of money which is printed, approved, regulated and circulated by the central bank of a country. It is approved as legal tender by the government.

7) “Digital or Electronic Money” is a new concept where money is transferred electronically. Ex- bank’s websites and apps such as Paytm, PhonePe etc.

8) In 2016, to bring black money back to Indian economy, demonetisation of Rs 500 and Rs 1000 currency notes was affected by the Government of India.

9) Black Money is earned illegally by people who are rich or higher government officials through corruption.

10) “Plastic Money” or ATM cards are small cards through which money is withdrawn from ATMs (automated teller machine). Ex- Visa, Master Card, Rupay, etc.

5 Sentences on Money

1) Money is a medium of exchange.

2) We need money to buy things.

3) People work hard to earn money.

4) Money is needed to fulfill desires.

5) People with more money are rich.

20 Lines on Money

1) Money is something that is necessary for fulfilling our materialistic desires.

2) Money represents the economic condition of the nation.

3) Money is also received by selling different things that people need.

4) The barter system was prevalent in olden times before the introduction of money.

5) People used to exchange things with each other to fulfill their needs.

6) Money is an essential factor for doing trade or business.

7) Money is stated as a financial instrument in economics that fulfills our requirements.

8) The casting of coins and printing of notes by the Central Bank is called Legal Tender.

9) The collection of money in form of interest of loans from customers is Bank money.

10) The currency of India is rupee and it is promulgated by the Reserve Bank of India.

11) Money is basically required by everyone to buy things and fulfill our needs.

12) It is earned by the people by doing hard work.

13) People exchange money to get goods and services in return.

14) Coins and notes are the two forms of money we use in India.

15) Every coin and note has their own value written clearly on it.

16) Currency states the type of money used and every nation have their own currency.

17) Money is the thing that differentiates people into rich and poor.

18) It is meant for repeated use thus keeps on revolving from one person to another.

19) It also determines the value of anything in the market.

20) We store money for bringing it in our future use.

Money has a very important place in everybody’s life, whether cater to the needs of an individual, house or to run the economy of a whole nation; money is required everywhere, as a medium of exchange. With the advent of ATM cards, people carry this in their wallet as it is comfortable and easy to carry and make payments either by swiping in POS (Point of sale) machines or paying digitally. Now a days with Net Banking, Mobile Banking and especially e-wallet or payment apps such as Paytm, Phonepe, Freecharge etc people use to transact digitally, which is called cashless transaction in India.

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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.

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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)

Essay on Jan Dhan Yojana

Money Essay 4 (250 words)

Money Essay 5 (300 words)

Money Essay 6 (400 words)

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.

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Pocket Money, Complete English Essay, Paragraph, Speech for Class 9, 10, 12 and Graduate Students Exam.

Pocket Money

Pocket money is what parents give to their children to spend. A child can spend his pocket money as he or she likes. Sometimes parents guide a child as to how to spend it wisely. Poor parents may not give pocket money to their children regularly. But they do give as often as they can afford. They give it, especially at festivals and fairs. My parents allow me a good amount of pocket money. It is not fixed. It varies from month to month. My father is a businessman. Whenever he is in a jolly mood because of good business, he gives me a fat purse as my pocket money. I do not spend all my pocket money. I save a part of it and deposit it in my bank account. I have opened a Savings Bank account in a nearby bank. I buy books on chess as it is my hobby. I have a good collection of books on the subject. Once in a while, I go to see a dance recital or a stage play with my friends. I also spend some of my pocket money on sweets and ice-creams. Once I helped Ravi to pay his school fee out of my pocket money. His father was away on a tour and he did not have sufficient money. He felt so obliged. After his father’s return, he soon gave me my money back. Last year I gave my mummy a pleasant surprise by presenting her with a beautiful watch on her marriage anniversary. I had bought it from the savings of my pocket money. I often buy things for my little sister out of it. She feels so delighted whenever I surprise her with sweets, a pencil box, and a fancy dress. My pocket money has helped me to learn how to spend wisely and save simultaneously. It is easy to spend, but to spend wisely is a bit difficult. But to save money is more difficult.

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10 Lines on My School in English | My School 10 Lines

10 Lines on My School in English: In this article, you are going to learn to write 10 lines on my school in English. Here, We’ve given 5 sets of examples. These 10 lines will be helpful for students of all classes (LKG, UKG, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, and 12). So, let’s get started.

Table of Contents

10 Lines on My School LKG, UKG, Class 1

1. The name of my school is Delhi Public School.

2. My school is near my house.

3. It is the best school in our city.

4. My school is an English medium school.

5. My school has a small playground.

6. My school building is very big.

7. There are twenty teachers in my school.

8. The teachers are good and loving.

9. I enjoy going to school every day.

10. I am proud of my school.

My School 10 Lines for Classes 1, 2

1. The name of my school is Birla High School.

2. My school is not far from my home.

3. The school building is very big and beautiful.

4. There is a big playground in front of my school.

5. My school has a big library.

6. About one thousand students read in my school.

7. My school has thirty classrooms.

8. There are twenty teachers in my school.

9. Our teachers teach us with great care and patience.

10. I love my school very much.

Also Read: 10 Lines on My Favourite Teacher

My School Essay 10 Lines for Classes 3, 4, 5

1. My school name is Don Bosco School.

2. It is located in the centre of the city.

3. There are forty classrooms in my school.

4. All the classrooms in my school are big and airy.

5. My school has a huge library with plenty of books.

6. The results of my school are very good.

7. Teachers are well-qualified and experienced.

8. Our principal is a strict disciplinarian.

9. My school teaches me good manners and discipline .

10. My school is my second home.

10 Lines Essay on My School for Classes 5, 6, 7

1. The name of my school is St. James’ School.

2. My school is the best school in our city.

3. There is a beautiful garden and a playground in my school.

4. My school classrooms are wide and spacious.

5. The teachers of my school are nice yet strict.

6. Our school won several prizes for excellence in recent years.

7. Many cultural activities are arranged every year in my school.

8. Our principal is very strict but he has great affection for pupils.

9. Our school helps us to develop our mind and body.

10. It is not only a School, it is my second family.

Also Read: My Self 10 Lines for Students and Kids

10 Lines on My School for Classes 8, 9, 10, 11, 12

1. The name of my school is Crown Public School.

2. There are about thirty teachers in my school.

3. About one thousand students read in my school.

4. My school has a big and beautiful playground for children to play sports.

5. All the teachers of the school are hard-working, sincere and kind-hearted.

6. Our school is also famous for extracurricular activities like dance, music, sports, yoga etc.

7. My school not only focuses on academic performance but also focuses on the overall development of the students.

8. There is a big assembly hall in my school where all the important functions are held.

9. There is a computer lab, a science lab and a library in my school.

10. The surroundings of my school are very neat and clean.

Read More: 1. My Mother Essay 10 Lines 2. My Best Friend 10 Lines 3. 10 Lines on Rainy Season

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Essay On Money: 10 Lines, Short And Long Essay For Children
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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 ...
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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 ...
Long and Short Essay on Money in English for Children and Students
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 ...
Time is Money for Students and Children in English
10 Lines on Time is Money Essay in English. The time the Earth takes to rotate once is 23 hours and 56 minutes and 4.2 seconds; hence a day is a little less than 24 hours. There is a study that proves that money is dirtier than a toilet in a household. Earlier sailors used to pass the time on the sea by making simple crafts utilizing a coin.
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.
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 ...
10 Lines on Money
10 Lines; Essay; 10 Lines on Money - Grammar Library. May 4, 2024 April 7, ... 10 Lines on Money - Set 5. Money can be used to exchange goods and services, like buying groceries or getting a haircut. In the past, people used to barter, which means trading goods for other goods, but now we use money to make it easier. ...
10 Lines Essay on Money in English
10 Lines Essay on Money in English | Essay on Money | Importance of Money Hello my beautiful friends, welcome to my channel Tanumbar Education. In this video...
10 Lines on Importance of Money in English
10 Lines on the Importance of Money in Life. Money allows people to purchase the goods and services they need to live and thrive. Money allows people to access healthcare, education, and other necessities. Money enables people to save for the future and plan for financial stability. Money gives people the freedom to make choices about how they ...
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.
10 Lines on Money in English for Children and Students of Class 1, 2, 3
20 Lines on Money. 1) Money is something that is necessary for fulfilling our materialistic desires. 2) Money represents the economic condition of the nation. 3) Money is also received by selling different things that people need. 4) The barter system was prevalent in olden times before the introduction of money.
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.
10 Lines on "The Power of Money" Complete Essay ...
10 Lines on - The Power of Money. 1. It is true that excessive love for money which is called lust for money has caused innumerable maladies. 2. Many relationships which are otherwise considered sacred and inviolable are broken or spoiled due to some dispute regarding money. ... 10 Lines Essay, English 10, English 12, English Essay Graduation ...
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10 Lines on God helps those who help themselves. 10 Lines on Necessity is the Mother of Invention. 10 Lines on child is the father of man. 10 Lines on Money can't buy Happiness. 10 Lines on simple living high thinking. 10 Lines on All that Glitters is not Gold. 10 Lines on Where there is a will there is a way.
Pocket Money, Complete English Essay, Paragraph, Speech for Class 9, 10
Pocket Money, Complete English Essay, Paragraph, Speech for Class 9, 10, 12 and Graduate Students Exam. About. ... 10 Lines 10 Lines Essay Articles ASL 9 Speaking ASL 10 ASL 11 Biography Current Issues Articles English English 10 English 12 English Essay Class 10 & 12 English Essay Graduation English Letter Writing English Speech Facts Formal ...
Write 10 lines on Time is Money
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Few Lines on Importance of Money
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10 Lines on My School in English
10 Lines Essay on My School for Classes 5, 6, 7. 1. The name of my school is St. James' School. 2. My school is the best school in our city. 3. There is a beautiful garden and a playground in my school. 4. My school classrooms are wide and spacious.

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Importance of Money Essay - 100, 200, 500 Words

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