write an essay on wise way of using money

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 .

45,000+ 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

Also Read: Essay on Chandrayaan – 3

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.

Also Read: Essay on National Unity Day 

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).

Related Articles

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

45,000+ 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 2025

September 2025

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

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.

VMC VIQ Scholarship Test

Register for Vidyamandir Intellect Quest. Get Scholarship and Cash Rewards.

Tallentex 2025 - ALLEN's Talent Encouragement Exam

Register for Tallentex '25 - One of The Biggest Talent Encouragement Exam

JEE Main Important Physics formulas

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

JEE Main Important Chemistry formulas

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

TOEFL ® Registrations 2024

Accepted by more than 11,000 universities in over 150 countries worldwide

Pearson | PTE

Register now for PTE & Unlock 20% OFF : Use promo code: 'C360SPL20'. Limited Period Offer! Trusted by 3,500+ universities globally

Download Careers360 App's

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

Certifications

We Appeared in

• Entertainment
• Environment
• Information Science and Technology
• Social Issues

Home Essay Samples Life

Essay Samples on Money

The effects of money on human behavior.

Money, as a ubiquitous and powerful force in modern society, has a profound impact on human behavior. Whether consciously or unconsciously, individuals' attitudes, values, and actions are influenced by the presence and pursuit of money. In this essay, we will explore the multifaceted effects of...

Exploring Why Happiness Is More Important Than Money

Happiness is more important than money — a simple yet profound statement that encapsulates the essence of a fulfilling and meaningful life. While money is undoubtedly a vital resource, it pales in comparison to the profound impact that happiness has on overall well-being. This essay...

Exploring the Age-Old Question: Can Money Buy Happiness

The relationship between money and happiness has been a subject of contemplation for centuries. Can the accumulation of wealth truly lead to a fulfilled and contented life? Or simply: can money buy happiness? This essay delves into the complex interplay between money and happiness, examining...

Transitioning to a Cashless Economy: Challenges, Opportunities, and the Path Ahead

The world is now moving on from Paper Currency based economy to Cashless economy. By embracing Alternate Delivery Channels and other Cashless modes of payment which include old ones like NEFT,RTGS etc. to newer one’s like POS, e-wallets, debit and credit cards, UPI, BHIM etc....

Being Smart With Your Money: the Importance of Financial Literacy

Many people have discussed personal finance. Articles 'Should Financial Literacy Be Taught in More Schools' by Ramsey and 'Why is Learning Personal Finance Important' by Ryan discuss the reason why personal finance is beneficial to the educational system. Benefits of adding Personal finance to our...

• Personal Finance

Stressed out with your paper?

Consider using writing assistance:

• 100% unique papers
• 3 hrs deadline option

Unlocking Financial Literacy: Exploring the World of Finance and Money Management

Finance is a business term that is associated with banking, investments, capital, debt and credit. Managing money, such as balancing a checkbook, involves finance. At one point in every person's life, one must deal with finances. An important topic among finance is assets and liabilities....

The Value of Understanding Personal Finance Management for Students

As a student, learning this course about personal financial statement is important. It shows the individual's net worth 'their assets minus their liabilities' which reflects what that person has in cash if they sell all their assets and pay off all their debts. If their...

Why Personal Finance Should Be Taught in Modern Schools

About 59% of Americans have less than 1,000 dollars in savings. I think that Financial Literacy should be a requirement in schools all around the country. Financial planning should be taught in schools because finances affect everything, a lack of financial knowledge has consequences eventually,...

Evaluation of the Benefits and Risks of Cashless Economy

In a world where cybersecurity concerns are growing, the road to a cashless society is an inflection point. With countries across the world embracing digital forms of commerce and connectivity, the need for physical currency could soon become obsolete. But despite the increasing use of...

Can Money Buy Happiness: Sharing Persuasive Personal Viewpoint

Money is a defined as “any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context”. In what way does that relate to the emotional feeling of...

• Personal Beliefs

Budgeting and Types of Personal Budget

Budget can mean different things for different people, but in each case, it is used as an effective tool for achieving a wide range of short and long-term financial objectives. Contrary to popular belief, budgeting is not a cut-and-dry, one-size-fits-all process. Rather, it needs to...

Budgeting Technique to Build a Stable Financial Future

There’s nothing like the feeling of independence of when you’re in college, but since it’s the first time away from home for many, This is the time when most young people use their first debit/credit cards, take out their first loans, and write their first...

The Ascent of Money: Is Money the Root of All Evil

In Niall Ferguson’s The Ascent of Money, Ferguson analyzes the history of money, banking, and credit. He tracks the development of currency as a form of trade, explores its growth and effects on society, and looks forward to how it may continue to develop in...

Gold: One of the Most Expensive Metals on Earth

Being one of the first metals to be discovered, gold throughout history has always had a rich past from its use in ancient Egypt, Greece, Rome and Africa. It has been used within their culture for thousands of years, and has been essential to their...

The Impacts Of Physical Cash And Developing Into A Cashless Society

Imagine a future where everything is seamlessly paid for via your phone. It’s a beautiful vision of what a cashless society would look like, however, with some dangerous unintended consequences. A cashless society is one where purchases by physical cash are no longer available and,...

• Modern Society

The Advantages Of Credit Card Debt And Usage

Credit cards are a popular way to buy Things online and in Stores and Cover The cash back in installments afterwards . It's kind of debt centre employed by customer. It's beneficial for the client and a bank. No security security is necessary for credit...

• Credit Card

Getting Rid Of The Penny Because Of Its Negative Effects

Whether or not you believe picking up a penny will bring you luck, one thing it definitely won’t bring you is wealth. In fact, the penny is so worthless, many people want to do away with them for good. The penny is detrimental in many...

Ceos Being Paid Too Much Money Is A Bad Thing

Initially, the question as to whether or not CEOs are paid too much may seem to be a matter of subjective opinion. However, research indicates that pay disparity beyond a certain ratio can lead to adverse implications in society. According to one source, income inequality...

Minimum Wage Should Be Raised: The Pros And Cons Of Making More Money

Who wants to make more money? Kind of sounds like a funny question because who doesn't? Right. Well there has been a constant debate over what the minimum wage should be in the United States. Sure, more money sounds great, but what does that mean...

• Minimum Wage

Too Much Money Is A Bad Thing: Controlling The Money Demand

Recent advancements in information technology and technical innovations in general have revolutionized trade and commerce and contributed to existing literature in the modern world. High-speed and low-cost data transfer that was made possible by information technology, created an excellent platform for e-commerce to grow rapidly....

• Economic Development

 the Emergence Of The Penny Press and Getting Rid Of It

In the streets of the United States in 1838, for the first time, the newspaper the New York Sun, which sold only one cent of the smallest unit of money. In contrast with the 15th century, printing technology has just appeared, and the prices of...

• Monetary Policy

Reasons Why Money Cannot Buy Happiness

If I asked a stranger to describe a wealthy individual, they would probably use the words “privileged,” “successful,” and “happy.” When, in reality, studies have proven that having a great deal of money does not always lead to happiness. In fact, despite popular belief, money...

Money Can Buy Happiness: The Speech On Achieving Happiness

“Money can buy happiness” is a common phenomenon, widely believed by people these days, I however beg to differ. Expectancy theory states that money will motivate employees as long as their personal goals are being satisfied and the perception that their pay is dependent upon...

The Issue Of Rich Still Out Weighing The Poor

Did you know that 1% of households in the US produced more than 25 times what a family in the 99% did (“US Income Inequality”)? Income inequality between the rich and the poor has been happening since before the Great Recession, a period of time...

• Poverty in America

Money Over Morality: Being Righteous For The Wrong Reasons

They say money is what makes the world go round but yet, in true fact, money is what tears the world apart. Many people have imagined a world without it but obviously our global system could not realistically run; however, the way money is treated...

Power Of The Rich And Weakness Of The Poor

Money equals power to some, but money can just cause trouble for others. People think that just because they got money that they can just do whatever they please. What people don't understand is that you can still ruin your life with or without money....

The Role Of Money And Finances On Happiness

Money is a fundamental aspect of human life throughout the world. People spend a large fraction of their time earning and spending money. In wealthy and poor societies around the globe, there is now an enormous concern about economic development, and in most nations, it...

Having Money Is More Important Than Having Knowledge

As children, our parents try to inculcate good habits such as honesty, hard work and dedication while also narrating the story about a monkey who stole butter from the cats in order to make both the cats' share equal. Being rich or being righteous doesn't...

Priorities in Money Management as a Student

Money is extremely important in each individual’s lifestyle as it makes them independent, have more control over decision-making skills, more freedom to do what they want and can fulfil and accomplish their long-term ambitions. An individual with great wealth is able to get a rich...

Gambling and Its Positive and Negative Effects on Society

In today’s society, Gambling is becoming more and more widespread, you must look at the positives and negative aspects of the casino establishments being built and how these establishments effect the community surrounding them. It is proven that casinos boost the economy by providing jobs...

• Gambling Addiction

The Importance of Being Careful With Money When it Comes to Lottery

I believe that winning the lottery is an exhilarating experience and can cause some issue to occur in one’s life. From the general perception of society, some individuals do not make good use of their winning, and this is the reason most people do not...

Character Of Mrs. Loisel In 'The Necklace'

Mrs. Loisel isn't the brightest person and can be seen as selfish, which signifies her only thinking for and about herself. The title of the short-story is 'The Necklace' and written by Guy De Maupassant. To give a brief overview, the Loisels aren't very wealthy,...

• The Necklace

Inclusion of Inflation Factor in the Calculation of Retirement Expenses

Inflation is the change in overall costs for merchandise and services. The most commonly used measure of inflation is the Consumer Price Index (CPI), which tracks the weighted average of prices of many consumer goods and services. Economists have found that if the rate of...

Major Presence of Financial Illiteracy in America

Research states that many Americans have not quite grasped the concept of saving. This is mostly due to a lack of education in finance and economy. Economists even go so far as to say that, if things don’t change, there could be chances of another...

Income Inequality: Why It Stands in a Way of US Economy

Income inequality has been a point of discussion since the time of ancient Greek philosophers and is an increasing concern today for many Americans. Income inequality means that the money people earn is unevenly distributed among the total population. Personal income can be categorized in...

• Income Inequality

Raising Minimum Wage in Ontario: Negative Impact

Is raising the minimum wage the right move? Ontario is the second province to move from $11.40 per hour towards a minimum wage of $15.00 per hour. According to News Ontario, “By October 2017, the general minimum wage will have increased by almost 70 per...

Crowdfunding, Its Aim And Objectives

Background Information Crowdfunding became quite popular recently but this fund raising platform has existed since 1700s. This can also be said to be a method which aids in financing a product or project. This implies in most cases that all individuals companies or people which...

An Incentive-Pricing Analysis Of Price-Cap Regulatory Regimes

Regulation is of paramount importance when there are natural monopolies in the society, since the existence of monopolies alone is costly to the society due to deadweight losses from mark-up pricing. Laffont (1994) describes regulation as two-fold using the incentive-pricing dichotomy and divided the regulation...

• Pricing Strategy

Analysis Of High-Quality Stocks In Hong Kong

In Hong Kong, there are many high-quality stocks with the characteristics of durable competitive advantage (DCA), which means the company can generate profits sustainably in the long time. In the following, I would like to recommend three stocks, which are HK & CHINA GAS (00003),...

Analysis Of Monetary Policy Frameworks

There are four main types of monetary policy frameworks identified from review: exchange rate targeting, inflation targeting, monetary quantity targeting and dollarization. Developing countries can chose from inflation, exchange rate and money supply as nominal targets. Most countries are moving towards inflation targeting due to...

Budgeting as the First Step to Financial Freedom

Creating a budget sheet is the first step to gaining financial success. I’ve found that a budget sheet can be a wonderful tool through personal experience. I created my first budget sheet about a year ago and found it to be very beneficial compared to...

Diversity Of Global Agent Banking Models And Its Applicability

According to McKay (2010) there is global concern to entrench financial access to previously ignored hence the emergency of agency banking. This has been adopted in several countries around the world Brazil being the first in 1999 Colombia and Pare have been declared to be...

Effect Of Budgetary Issues On Psychological Wellness

Budgetary issues or monetary weight is where cash stresses are causing pressure. There are as yet numerous families confronting hard money related circumstances and the effect on psychological wellness can be huge. These issues can appear to be difficult to defeat can appear to be...

• Cognitive Psychology

For The Love Of Money

“A wise person should have money in their head, but not in their heart” (Jonathan Swift) Money is any clearly identifiable object of value according to the Webster Dictionary. The history of money concerns the development of how it is exchanged and used. Money is...

• Business Success

General Purpose Financial Report

General Purpose Financial Report basically provides the information and analysis about the scarce resources of a public sector or a private sector company. It normally focuses the general and overall financial information and produces the result for shareholders and board of directors to analyze the...

Great Money Saving Tips For Buying Your First Home

Saving up for a home is never easy, no matter how much you earn. It's even more difficult when you are trying to buy your first home, after all, you have no capital (or not much at all), and when you are spending a large...

History Of Systems Determining Relative Value Of Two Currencies

The smooth functioning of international trade required a universally accepted foreign currency to settle the internal trade and a way to balance the trade imbalances amongst countries. This led to the question of determining relative value of two currencies? Different systems were tried in past...

How Mutual Funds Can Be A Good Investment

Shared assets are an extremely well known kind of venture - yet would they say they are great speculations? The appropriate response relies upon the specific common store you are discussing, and on how much work you did to decide whether the reserve fits with...

How People Of Different Age Groups Spend Their Money

People in the age group of 18-25 mostly prefer savings a/c and take education loan whereas people in the age group of 25-35 mostly prefer savings a/c, personal loan and two wheeler or car loan, insurance such as motor insurance, current a/c, and credit card....

Macroeconomic Equilibrium: Definition And Overview

In financial aspects, monetary balance is where monetary powers, for example, free market activity are adjusted and without outside impacts the (harmony) estimations of monetary factors won't change. For instance, in the standard course book model of immaculate rivalry, harmony happens at the time when...

Monetary Policy And Asset Prices Linkages

A number of theories exist that explain the link between monetary policy and asset prices. In general, there is no theoretical consensus, in terms of direction of causality between monetary policy and asset prices; regarding reactions of monetary policy to asset price volatility or approaches...

Overview Of The Financial Consolidation

Financial consolidation (FC) relates to a large fall in the deficit by more than 1.5% of GDP. The assumption is that a sharp reduction in the cyclically adjusted deficit would have to be a result of some policy action such as an increase in tax...

Overview Of Theory Of Financial Intermediation

Theory of financial intermediation has been successful because of reduction on information and transactions cost. The intermediaries provide liquidity especially liquid assets by reducing cost of exchange between lender and borrowers. Financial intermediaries can obtain information at lower cost than individual investors because the former...

Overview Of Tobin's Theory Of Investment

Tobin’s Theory, named after the economist who developed it, is centered around a variable named q, which is equal to the ratio between the market value of a given company and its replacement cost of capital. A q value greater than 1 signals the fact...

Intensive Motherhood And The Ideal Mother

Philanthrocapitalism is a novel type of philanthropy and involves donors who merge business goals with humanitarian acts (McGoey 2012). An example would be the Bill and Melinda Gates Foundation, a Global Health Program funding various types of activity such as research projects for malaria (McCoy,...

Rules And Restrictions To Invest In Cfds

In spread betting, the speculator should be able to estimate when the price increases or falls. The investment can be made in global markets, indices, commodities, currencies and shares. One can buy the needed units to trade. Its trade is similar to shares with only...

Secrets Behind Zcash (Zec) And Gemini Deal

A lot of crypto interest has shifted to privacy coins and some of them have been found not to be what they promise on paper. ZCash has however remained focused on provision of the best privacy in the market. Earlier in the year, the coin...

Importance Of Investing And How We Save Our Money

July 27-28 2018 Laguna College held its first celebration of Accounting week. The seminar started early in the morning, in the seminar, the guest speaker Mr. John Richard Valdeavilla, listed and explained the about importance of investing and how we save our money. This topic...

Foundational Principles of School Financial Management

Starting, running and improving an ESL school cannot take place without proper financial and operations management. Clear policies and procedures in the areas of finance, operations and risk are critical for a financially-sustainable school. By consistently implementing these policies and procedures, schools ensure their ability...

• Public School

The 5G Economy: How 5G Will Impact Global Industries

We humans are an increasing number of interacting with every other and with our surroundings via statistics and communications technologies, both on a non-public and on a expert level. this marked socio cultural fashion can also be pondered within the call for tourist hobby. the...

• Business Analysis

The Influence Of Financial Literacy On Financial Behavior Of Working Millennials

Millennials, also known as generation Y, are individuals born in the early 80s to mid-90s particularly from 1981 to 1996 (Pew Research Center, 2018). According to an article in Live Science (Main, 2017), millennials are regarded as more open-minded, self-expressive, and receptive to new ideas;...

• Millennial Generation

Top Personal Finance Advice All South Africans Should Read About

Advice on how to manage multiple sources of income as a “slasher”. In the fast-paced world of today, most people can no longer afford to rely on just one source of income. Beyond just financial reasons, a lot more people are choosing to pursue their...

• South Africa

Best topics on Money

1. The Effects of Money on Human Behavior

2. Exploring Why Happiness Is More Important Than Money

3. Exploring the Age-Old Question: Can Money Buy Happiness

4. Transitioning to a Cashless Economy: Challenges, Opportunities, and the Path Ahead

5. Being Smart With Your Money: the Importance of Financial Literacy

6. Unlocking Financial Literacy: Exploring the World of Finance and Money Management

7. The Value of Understanding Personal Finance Management for Students

8. Why Personal Finance Should Be Taught in Modern Schools

9. Evaluation of the Benefits and Risks of Cashless Economy

10. Can Money Buy Happiness: Sharing Persuasive Personal Viewpoint

11. Budgeting and Types of Personal Budget

12. Budgeting Technique to Build a Stable Financial Future

13. The Ascent of Money: Is Money the Root of All Evil

14. Gold: One of the Most Expensive Metals on Earth

15. The Impacts Of Physical Cash And Developing Into A Cashless Society

• Perseverance
• Career Goals
• Childhood Memories

Need writing help?

You can always rely on us no matter what type of paper you need

*No hidden charges

100% Unique Essays

Absolutely Confidential

Money Back Guarantee

By clicking “Send Essay”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails

You can also get a UNIQUE essay on this or any other topic

Thank you! We’ll contact you as soon as possible.

• Share full article

‘Miles Walked, Miles Driven’: This Year’s College Essays About Money

Each year, we seek out college application essays about money, work or social class. Here are five from writers who are now undergraduates.

Supported by

By Ron Lieber

Photographs by Lexi Parra

Ron Lieber wrote one of his college application essays about a television commercial for the company formerly known as Waste Management.

• Oct. 22, 2022

Writing a personal essay is more art than science. Discussing money — what you or your family has or lacks — is tricky under the best of circumstances. Doing both well is harder still, especially if you’re a teenager and a committee of grown-ups will sit in judgment on whatever you produce.

Each year, we invite essayists to forward their work to us after they’ve submitted their thoughts on money, work, social class and related matters as part of their college applications. At their best, they inspire a kind of empathy, even if money is not on your mind all that often.

This time, we find ourselves in the human resources department with a racing mind; the kitchen as a daughter observes her mother making do; the car, driving many miles for so many reasons; the house, stuffed with way too much; and the head of a young woman wondering if her soft hands bring honor upon her family.

To write this way about these topics requires perspective, about who has what and why and how. But it also demands bravery — to go where most people don’t, including a lot of adults.

Katya Spajic

“Their hands symbolized their love and sacrifice for family. But my unblemished hands signified nothing in return, only evidence of wasting away their hard work.”

New York — Bronx High School of Science

Mom always told me that if my hands were smooth and unblemished nobody would be able to tell my age.

She wore rings and gloves to cover up the premature wrinkles from her time as a waitress in high school and the scars on her fingers from her first four years in America as a seamstress.

Try as she might, no amount of jewelry or hand cream could erase those markings. But I envied her imperfections: Mom’s weathered hands spoke volumes about her strength, selflessness and love.

Whenever my family gathered at the dinner table, I would steal glances at their hands. Each wrinkle and scar read like a chapter of a life well lived: a life full of purpose. When I looked at my smooth knuckles and babylike palms, I wondered when I would receive markings that told my story.

When Dad squeezed my hand as we crossed the street, I tried to place the sharp ridges and rock-hard calluses that dug into my soft skin. Did they come from summers in Montenegro, gripping the worn handle of the scythe to cut hay? Were they caused by heavy tiles nicking his palms during the kitchen renovations that paid for my babysitters?

During summers in Pljevlja in Montenegro, I would watch Grandma’s trembling hands as she kneaded each piece of burek. What initially seemed like splotches of flour were actually burn scars from 70 years of cooking. Perhaps they came from adding one too many coals to the furnace or accidentally lifting pots out of the oven with her bare hands.

Their hands symbolized their love and sacrifice for family. But my unblemished hands signified nothing in return, only evidence of wasting away their hard work. So I tried to gain markings the only way I knew how: mimicking my family’s defining actions.

I attempted Grandma’s burek, but my imitation’s flaky shell hardened each time I took it out of the oven. And my burns never felt purposeful, only documentation of my mediocrity.

I tried picking up a needle and thread like Mom. But even as my hands took the shape of hers, the needle pricks left me unsatisfied — it never came naturally like for Mom.

My hands began to read like a list of failed ventures — until I found volleyball. Volleyball seemed like a forbidden interest, so independent from family. But each purposeful movement left me satiated with fulfillment. I picked up the game quickly, and my parents were thrilled: Recruitment was my ticket into a top university. I even fractured my thumb while diving for the ball, the bone awkwardly jutting out as my own personal talisman of greater purpose.

But during high school, I was exposed to a plethora of other opportunities. I began spending Monday nights practicing cases for Mock Trial and dedicated weekends to taking photographs for my school’s Dynamo literary magazine. And though my hands remained unchanged, these passions, along with others, showed me sides of my identity that I didn’t know existed.

But with little time left for volleyball, I came to the decision to leave my club team. My crooked thumb became an ominous reminder of another failed pursuit.

My parents were furious. They perceived my new activities as unfocused distractions, leading me away from my ticket to college.

I soon understood that my parents’ anger did not stem from disappointment, but from unfamiliarity. Their only path forward was committing to their available roles, never pondering the existential questions I did: self-discovery in a sea of options.

Becoming “lost” for pursuing seemingly unconnected interests was not what they envisioned for me, but I realized that the best way to fully take advantage of my privileges was to explore all my curiosities. I stopped emulating the identities of my family and realized that my hands would eventually bear the weight of my pursuits.

More importantly, those markings and hands will be my own, not my mother’s or father’s.

Griffin Ayson

“Travel costs may prove too great a financial strain for my parents, but my world map and ingenuity are free.”

Los Angeles — Van Nuys High School

The room was stuffy, cramped and packed with teenagers. I was about to embark on a new adventure — my first job. I made sure I brought everything listed on the required materials list: Social Security card, passport, student ID, work permit.

As I waited for the human resources personnel to call my name, I gingerly opened my passport. A glance at the photo taken when I was 12 brought a big smile to my face: Chubby cheeks. Bowl cut hair. Forced smile. My jolly mood quickly faded when I read the expiration date: 03 Jan 2022. As I flipped through, each page was blank. My heart felt empty.

I tried to shake off the sadness dominating my thoughts. I should not have been bothered by my empty passport or its pending expiration date. But I was. It was a painful reminder that I had never left the country, not once in my entire life.

I remained quiet even as my mom repeatedly asked how my job orientation went. My replies were a mere yes or no. But when we got home, I held up my passport and finally dared to ask her. She looked at me and responded: “I’m sorry, but we can’t afford it. Airfares alone for a family of five would cost an arm and a leg.” Her quavering voice said it all. I walked away, empty. My passport was for “just in case,” not “when.”

When I spend time with Grandma, I am greeted by her cabinet full of cherished souvenirs. Some mark her 90 years on earth, others Grandpa’s travels as a merchant marine. Admiring the elephant tusk from India, brass plates from Morocco and hand-carved Last Supper wall hanging from Italy, I often wondered what it was like to travel the world just like Grandpa did.

Today, I catch myself looking back at those visits at Grandma’s and realizing I don’t need to leave my beloved city — Los Angeles — to experience the world. I satisfy my wanderlust by feasting on hearty, delicious global cuisines here in my neighborhood. Couscous from Morocco. Vindaloo from India. Gelato from Italy. Each is a small marker of my city’s diverse population and the perspectives and experiences surrounding me.

The first and last thing I see from my bed is my vast world map from Ikea, occupying almost an entire wall. This map has been my constant travel companion since I was little. Beginning with Dad’s stories about his business travels early in his career, this map has taken me to the countries he toured and locals he befriended from Belgium to South Korea to Indonesia.

Through Google Earth’s lens, I’m able to transport myself to any far-flung places without leaving the comfort of my bedroom. I have explored the Philippines, where my mother was born and raised. Her accounts of her upbringing fascinated me growing up, the tropical climate a drastic change from L.A.’s dry, sunny summers. When I showed her the schools she attended, the church where she and her family worshiped every Sunday, and the empty land where her house once stood, she was delighted. I was, too.

I don’t need to set foot in an airport to know every country, city and capital in the world. The knowledge I amassed, from the map in my bedroom to virtual tours, has taught me that not traveling outside my birth country will not define who I am. I pull what I can from my surroundings, whether wandering my neighborhood or following the virtual tour of the Louvre’s Petite Galerie exhibition of founding myths. And there are dozens of UNESCO sites still to see.

I am a globe-trotter. Travel costs may prove too great a financial strain for my parents, but my world map and ingenuity are free. So while my passport pages are empty, my limitless adventures are being vividly stamped in my mind forever.

Mimosa Hứa Mỹ Văn

“My treasure was occupying my time and mind. Overflowing piles, boxes and chaos tornadoed around me.”

Tucson, Ariz. — Flowing Wells High School

I was 6 years old.

Waltzing into my room, I had no room to dance. Looking at the floor, I would not be able to convince anyone it is hardwood. Clothes with price tags and unopened toys covered every inch of the ground. Mountains of freebies from convention centers engulfed me every time I entered the room. It was chaos.

Each day, these mountains became mountain ranges. As time passed by, I thought this accumulation would make me better. More items, more wealth and more friends. Having more meant a better life, right?

I waved to my dad at the screen door while I was yawning in jammies that were made authentically from Vietnam. He hopped into the only car to drive eight miles south to sharpen blades for lawn mowers as my mom cared for me, my brother and the house.

And every morning, my mom dropped me off at school on the next fastest transportation: the only electric scooter. Other days, my dad would pick me up and head to the doctor’s as the English-speaking parent before dozing off until his next shift. I cherished my parents’ efforts and actions for me.

When I was 10, my dad was heading into his mid-60s, and he retired. The income cash flow was dripping as my mom joined the work force and slowly gained clients. We celebrated every time a letter came in with government assistance.

We savored all the stuff. Every item made us the richest people on earth. My mom told me stories about when she was younger in Vietnam. She never had new clothes or gifts. She always got hand-me-downs.

I treasured and kept every item as sacred as a pirate’s gold. I felt like I won the lottery by having all this stuff.

Because I knew the most English, I researched Americanized things and how-tos for my parents. With a disastrous house at bay, my mom suggested to me to research how to get a cleaner house. I typed it into the Google search bar, expecting nothing helpful. I went down the rabbit hole, weaving from grease, storage containers, organization and more.

And then, I found this foreign word, minimalism.

Simplifying the number of items in possession to have a tidier home can make people happier. What were these jabberwocky words arranged in this order doing here? Can this end my chaos?

But, I thought more meant better. My treasure was occupying my time and mind. Overflowing piles, boxes and chaos tornadoed around me.

What about the social pressure? What would all my friends think if I didn’t have a lot of things? Would they think I was poor, poorer than I already am? Or worse, could I lose everything in life?

You know what? Let’s just do it. The chaos needs to end.

I slowly start to sort piles and load the car trunk. A part of me vanished at first. As days went by, I felt a weight of possession leave my chest and free me from all of the strings from each item tying me down.

Now, I zoom from assisting my mom with dishes to checking out TED Talks and self-love Instagram reels to working on my random urge to do pottery. The void has been filled with experience, knowledge and gratefulness.

My hands dance as I attempt to take in every single word that emerges from my wandering thoughts. I observe my sleeping plateau and two work space plateaus with a small stack of notebooks and feel content. “I appreciate myself,” I scribbled with one of my five — and only five — writing utensils.

I don’t need to rely on items, wealth and friends to be content. Others’ opinions of my display of wealth are not necessary to me. Without these items gluing me down, I easily settle from place to place. The internet was right. I can experience life now, for new challenges, opportunities and experiences.

Nathaniel Erb

“The miles that I drive, and others that I walk, are a small part of what makes it possible for our family to function, even thrive.”

New Windsor, Md. — Delone Catholic High School

Digits. Miles on the odometer, time on a clock. Neon clock face — 4:00 on a Tuesday morning. Driving 25 quick miles to swim practice, then 45 long ones to school. A rushed 11 miles to work. Finally, 9:30 p.m. Shift over — 13 miles home.

Total: 94 miles in 17.5 hours. 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.

These miles are unavoidable. Living in a rural farming community, you soon realize that everything is far away.

Being the oldest of five children, a perch I share with my twin sister, I know what my parents have sacrificed to provide a loving and stable life for us. My dad gets up early every morning — working weekends and missing vacations to provide for our family. My mom gave up her career to raise my four siblings and me.

Their sacrifices have formed the foundation of who I am. The miles that I drive, and others that I walk, are a small part of what makes it possible for our family to function, even thrive.

The longer drives lull me into thinking. Goals and ambitions — for tomorrow or 10 years from now.

I often think about what I have and the people around me who have sacrificed to get me where I am today. Sacrifice isn’t giving up or missing out on something. It is making the hard choices that will lead a person to become extraordinary.

Today, my choices are laying the foundation for something extraordinary of my own, shaping me into my future self. My foundation is supported by cornerstones — a big, loving, supportive family; work with meaning; financial independence; self-direction.

At age 2, I received my first wheelbarrow. It was small, tot-sized, but I used it to help with yardwork. Today, I spend weekends planting and maintaining the gardens — a sacrifice of time and a strain on my body.

Beginning with seeds in the greenhouse and continuing through harvest, I enjoy watching the produce grow and reaping the bounty of my work. These gardens provide us with much food. My wheelbarrow is full-sized now, just like the role I play in helping sustain my family.

The miles I walk pushing a wheelbarrow offer one type of support. Those I drive to and from my job as a restaurant dishwasher provide another 20 to 25 hours a week I scrub and rinse, pacing myself to stay ahead of the front of the house.

These hours demand a different type of sacrifice, but offer the promise of financial independence, my ability to save and even invest. I crave stability and dream of a future I can provide for myself. I want to help pay for college, buy a home on the water, maybe even have a boat.

But the miles I drive to swim practice feel different. These are just for me.

Setting goals and working to achieve them empowers me. After an early alarm and my daily decision to sacrifice sleep and free time, the tough morning workouts motivate me to push through obstacles. I can carry these lessons through college, my future career, my personal life.

These miles, hundreds walked and thousands driven, take me to and from the century-old farmhouse we call home. We have expanded it several times to house the seven of us, each new cornerstone marking the sacrifices made to get to that point.

Soon, I will expand my foundation, adding cornerstones uniquely mine to the ones I share with my family. This expansion will be in stages — college, a job, a family of my own — but I know how I will mark them. Miles walked, miles driven, sacrifices made. And I know that with each one, I am building something extraordinary.

“The duty of our generation is to ensure the next generation has it a little easier.”

Charlotte, N.C. — Olympic High School

Pieces of me live in my kitchen.

An art easel stands sentry nearby with stained paintbrushes and repurposed mugs. The curtains are drawn back, revealing clouds ambling against a sun-streaked sky.

Cherry-red and mint green boxes of tea sit in the cupboards above the sink — Earl Grey, peppermint, jasmine. Peaches sprawl across the counter, next to honeycombs I would suck on during long, oppressive summers. Very Monet, don’t you think? Beautiful, sweet, impressionist.

Yet if you peer beyond the bowl of bananas and crooning stereo, you would find a drawer of flatware. Rusting. Brown. Cheap. I didn’t know I was poor until I noticed the flatware. You can beautify the ugly in all sorts of ways, paint and plaster over all the cracks and holes. But the truth will stick like tar.

It was the autumn of 2019, and my mother was hunched in the kitchen, beaming and bright. “Look,” she beckoned. She handed me a fork and spoon: so shiny I could see my reflection, heavy in my hand and cold to the touch. There were two more pairs on the counter. She had replaced the entire drawer.

“Three hundred dollars,” Mama said proudly. “Two graveyard shifts.”

My mother works two jobs. I save coupons for back-to-school shopping. Why did I take so long to notice? Maybe I wanted to see myself as something other than a stereotype. Another brown body who lives under the umbrella term of low-income, first-generation. Maybe my mother was embarrassed to be another brown body who couldn’t afford a good cutlery set without 20 extra hours.

But I never had to think about it, because she kept the kitchen picturesque, and I never mentioned the bags underneath her eyes. It was some dark, dirty secret we clutched to our chest, kept away from prying eyes. No one should know (not even us).

“Poor” has always been a tainted word, like “homeless” or “beggar.” The generous donate, the indifferent ignore, the unkind scoff, but there is a quiet murmur, an intrusive “this is your fault” inside all of us. That’s why we say “escape poverty” like it’s some monster under our bed, not a symptom of a monstrous society. We are all eager to escape, and when we do, we do not look back.

I have always had a deep longing for more. I was named Jaylen after a basketball player, but I tell people I was named after the blue jay. Inside me, a small bird, like my namesake, was desperately trying to fly. I wanted to leave, because I was ashamed, and by wanting more for myself, I forgot to want more for everyone else.

But standing there, I saw my mother for the first time. I saw the pride in her purchase, her sunken face, how her hands shook and her hair grayed. She worked every day, so I could one day rest. She never kicked up her feet and enjoyed honeycombs on a Saturday afternoon. She loved my future enough to forsake her present.

Each of us has that small bird inside of us, but birds fly in flocks (and together, cages aren’t really cages). The duty of our generation is to ensure the next generation has it a little easier. There is no shame in that weight. There is pride.

We plant seeds so that our daughters and sons can enjoy the flowers. We add semicolons so that our children continue our story.

I work, no longer to escape my community, but to transform it. I distributed hundreds of letters that I and my classmates had written to nursing home residents who were in quarantine during the holidays. I taught computer science and business classes to underprivileged students. I helped underclassmen transition to the turbulent ocean that is high school. I paint murals, drink tea and take birds with broken wings to animal hospitals.

The other day, I bought my mother another set of cutlery that I hope to give her soon. I can finally say I learned how to fly.

Ron Lieber has been the Your Money columnist since 2008 and has written five books, most recently “The Price You Pay for College.” More about Ron Lieber

Advertisement

Home — Essay Samples — Economics — Money — How To Manage Money Correctly

How to Manage Money Correctly

• Categories: Money Strategic Management

About this sample

Words: 711 |

Published: May 19, 2020

Words: 711 | Pages: 2 | 4 min read

Cite this Essay

To export a reference to this article please select a referencing style below:

Let us write you an essay from scratch

• 450+ experts on 30 subjects ready to help
• Custom essay delivered in as few as 3 hours

Get high-quality help

Dr. Karlyna PhD

Verified writer

• Expert in: Economics Business

+ 120 experts online

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy . We’ll occasionally send you promo and account related email

No need to pay just yet!

Related Essays

5 pages / 2327 words

1 pages / 713 words

2 pages / 790 words

2 pages / 1117 words

Remember! This is just a sample.

You can get your custom paper by one of our expert writers.

121 writers online

Still can’t find what you need?

Browse our vast selection of original essay samples, each expertly formatted and styled

Related Essays on Money

Hold on, think to yourself for a second about this question “Can Money Buy Happiness”? You’d say “oh that’s obvious I’d just give you some money and you some money and now we’re best friends”! Not exactly, just give me a moment [...]

Money can't buy love or happiness. This assertion is a reminder of the profound truth that material wealth, while important for meeting basic needs, cannot replace the intangible and deeply fulfilling aspects of human life. In a [...]

Money has long been a subject of debate when it comes to the concept of happiness. Many argue that money can solve many of life's problems while others contend that it breeds greed and corruption and offers little real joy. Both [...]

Money, often described as the lifeblood of modern society, plays a pivotal role in our lives. Its importance extends far beyond the mere acquisition of material possessions. In this essay, we will explore the multifaceted [...]

Happiness and money, both are an important role in human’s life. There is a question that many people will argue about the impact from them, which have more benefit to people, it also means which is more important for people [...]

A key part of financial independence is being able to make your own decisions regarding your money. But what decisions are those, exactly? To answer that, ask yourself these questions: What do I most want to accomplish? [...]

Related Topics

By clicking “Send”, you agree to our Terms of service and Privacy statement . We will occasionally send you account related emails.

Where do you want us to send this sample?

By clicking “Continue”, you agree to our terms of service and privacy policy.

Be careful. This essay is not unique

This essay was donated by a student and is likely to have been used and submitted before

Download this Sample

Free samples may contain mistakes and not unique parts

Sorry, we could not paraphrase this essay. Our professional writers can rewrite it and get you a unique paper.

Please check your inbox.

We can write you a custom essay that will follow your exact instructions and meet the deadlines. Let's fix your grades together!

Get Your Personalized Essay in 3 Hours or Less!

We use cookies to personalyze your web-site experience. By continuing we’ll assume you board with our cookie policy .

• Instructions Followed To The Letter
• Deadlines Met At Every Stage
• Unique And Plagiarism Free

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 Ways to Save Money

Students are often asked to write an essay on Ways to Save 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 Ways to Save Money

Importance of saving money.

Saving money is a crucial life skill. It helps us prepare for unexpected expenses, achieve financial goals, and secure our future.

Creating a Budget

One of the best ways to save money is by creating a budget. It helps track income and expenses, allowing us to identify areas where we can save.

Limiting Unnecessary Spending

Avoiding impulse buying and unnecessary expenses can significantly increase savings. Always ask, “Do I really need this?”

Using Discounts and Coupons

Using discounts, sales, and coupons can help save a lot of money. They reduce the cost of items, allowing us to save more.

Saving Small Amounts

Even saving small amounts can add up over time. Start with saving a small portion of your pocket money. Every penny counts!

250 Words Essay on Ways to Save Money

Introduction.

Money management is a critical skill, especially for college students who often operate on tight budgets. The ability to save money can contribute to financial independence and stability. Here are a few ways to save money.

Create a Budget

The first step towards saving money is creating a budget. It allows you to understand where your money is going and how much you can save. Prioritize your needs over wants and make adjustments accordingly.

Automate Savings

Automate a portion of your income to go directly into a savings account. This ensures you save before you start spending. It’s a simple, yet effective way to build your savings over time.

Utilize Student Discounts

Many businesses offer student discounts. Use these to save on everything from meals to textbooks. It’s a small step that can add up to significant savings.

Limit Eating Out

Eating out frequently can significantly impact your budget. Opt for cooking at home or using meal plans provided by the college. It’s healthier and more cost-effective.

Buy Second-Hand

Consider buying second-hand items. Whether it’s textbooks or furniture, you can find quality used items at a fraction of the cost of new ones.

Saving money in college might seem challenging, but with a few strategic changes, it’s achievable. Remember, every penny saved today is a step towards a financially secure future.

500 Words Essay on Ways to Save Money

Financial management is a crucial life skill, especially for college students who are just beginning to navigate their own financial waters. With increasing expenses and limited income, it becomes essential to identify effective ways to save money. This essay explores some advanced strategies to manage finances better and save money.

A well-structured budget is the cornerstone of effective financial management. It provides a clear picture of income and expenses, allowing for better financial decisions. A budget not only helps in tracking spending habits but also in identifying areas where one can cut back. Using budgeting apps or simple spreadsheets can simplify this process.

Automating Savings

One of the best ways to ensure regular savings is by automating the process. Most banks offer automatic transfers from checking to savings accounts. By setting up a monthly transfer, one can ensure they save a portion of their income before they get a chance to spend it. This method is often referred to as ‘paying yourself first’.

Embracing Minimalism

Minimalism is a lifestyle choice that focuses on reducing unnecessary possessions and living with only what is needed. By embracing minimalism, college students can significantly reduce their expenses. This approach allows them to save money by avoiding impulsive purchases and focusing on quality over quantity.

Utilizing Student Discounts

Many businesses offer discounts to students, which can lead to substantial savings. From software subscriptions to movie tickets, these discounts can significantly reduce expenses. It’s always worth asking if a student discount is available before making a purchase.

Investing in Education

While this may seem counterintuitive, investing in one’s education can lead to long-term financial benefits. Acquiring skills that are in high demand can lead to better job opportunities and higher income in the future. Online courses, certifications, and workshops can provide these skills at a fraction of the cost of traditional education.

Cooking at Home

Eating out or ordering in can quickly add up. Cooking at home not only saves money but also promotes healthier eating habits. Learning to cook basic meals and prepping meals in advance can significantly reduce food expenses.

Saving money as a college student may seem challenging, but with careful planning and discipline, it is achievable. By creating a budget, automating savings, embracing minimalism, utilizing student discounts, investing in education, and cooking at home, students can significantly improve their financial health. These strategies not only help in saving money but also inculcate valuable financial management skills that will serve them throughout their 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 Ways to Reduce Pollution
• Essay on Ways to Protect The Environment
• Essay on Ways to Improve English

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.

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

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.
• 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 […]
• 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.
• 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 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.
• 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.
• 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: 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.
• 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.
• 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 […]
• 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.
• 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 […]
• “College Is a Waste of Time and Money” by Bird Bird’s use of logical fallacies, like if students do not want to go to college, they should not do it until the reasons of their unwillingness are identified, proves that it is wrong to believe […]
• 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.
• 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.
• 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.
• 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.
• 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.
• 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 […]
• 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.
• 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.
• 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.
• 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 […]
• 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.
• 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 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.
• 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.
• The Ascent of Money: A Financial History of the World The succinctness of this book lies in the critical analysis and emphasis of the financial history of money in spite of the fact it has impeded some important functions of the global economy.
• 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.
• “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 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.
• Time Value of Money Compounding was done on the amount that I had lent out using the market rate over the duration of time the person held my money.
• Exploring the Relationship Between Education and Money A person cannot be able to change his/her ascribed status in the society, but only through education a person is able to change his/her Socio-economic status and to some extent that of his/her family once […]
• 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.
• 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.
• 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.
• 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.
• 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 […]
• Anti Money Laundering and Combating the Financing of Terrorism The accomplishment of the specified goal will require the cooperation between the state government and the representatives of the UAE organizations, as well as the coordination of the latter’s actions with the ones of the […]
• 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.
• 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.
• “Art for Money’s Sake” by William Alden This is one of the aspects that should not be overlooked. This is one of the problems that should not be disregarded.
• 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 […]
• 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.
• 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 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.
• 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.
• 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.
• 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 […]
• 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.
• 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.
• 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.
• 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 […]
• 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.
• 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.
• 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 […]
• 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 […]
• 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.
• 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 […]
• 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, […]
• 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 […]
• 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 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.
• 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.
• 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.
• 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.
• 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 […]
• 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.
• 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.
• 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 […]
• 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 […]
• 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.
• 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.
• 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.
• 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.
• 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 […]
• 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.
• “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 […]
• 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.
• 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 These moral preconditions of the emergence of money, the social conventions that regulate and control it, and the evolvement of its status in the present-day world can be regarded as the most significant events in […]
• World Money History in the 20th Century and New Objects of Value The class materials examined the developments, hurdles, and systems that have emerged due to the changing roles of money in the global economy.
• Medieval England in “Treatise on the New Money” The availability of standard quality coins was crucial to the effective running of the government and the stability of the economy.
• Blowing Bubbles in Ferguson’s “The Ascent of Money” Moreover, the author shows the connection and similarities between the present collapse of a stock market and the Enron default along with a Mississippi Bubble of the eighteenth century that was created by John Law, […]
• Human Bondage in Ferguson’s “The Ascent of Money” One of the greatest revolutions in the ascent of money after the creation of credit banks, the center of the discussion in this chapter is on how issuing bonds can help governments to borrow money […]
• Park Avenue: Money, Power and the American Dream This is one of the drawbacks that should be taken into account by the viewers who want to get a better idea about the causes of the problems described in the movie.
• Deflation in the Quantity Theory of Money The present paper analyzes the recent revelations using the quantity theory of money and concludes that the United States Federal Reserve can reverse the anticipated deflation tide by increasing the amount of money circulating in […]
• Money, Its Purpose and Significance in History Money is the undisputed determinant of quality of life for inhabitants of the modern world. The concerns of money have become pertinent to people all over the world, including the ones who are living in […]
• “Who Stole the Money, and When?” by Greenberg The purpose of research developed in the chosen article is to identify possible personal and situational variables that may affect employee theft in a certain work setting and explain their relation to unethical behavior that […]
• Money History From the Middle Ages to Mercantilism Due to the writing, the idea of bond marketing evolved as a reaction of separate governments to the crisis of money flows.
• Money Development From 600 BC to Nowadays Medici family was a financial symbol in Europe huge in success and power in the 16th century. A system of money in deposits and floating exchange rates was introduced to end centuries-old links between money […]
• Market Society in “What Money Can’t Buy” by Sandels Thus, the author states that the market economy is a positive creation of people while the use of market values in all aspects of people’s life is a negative and even destructive trend.
• European Union Anti-Money Laundering Directive Its full name is Directive 2015/849 of the European Parliament and the Council on the prevention of the use of the financial system for money laundering or terrorist financing 2015/849 of the European Parliament and […]
• 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.
• T-Shirts “SENIOR 2016” and Time Value of Money In this part of the project, it is necessary to discuss the concept of the time value of money and understand how it can impact the project, create a spreadsheet that can illustrate the interpretation […]
• Time and Money in “Neptune’s Brood” by Charles Stross In that sense, the concept of a financial system that Stross suggests in his novel seems rather legitimate and a very witty comment on the link between the society and the financial relationships within it.
• Virgin Money Company’s Business Model in Canada In the context of the information provided, it would be stated that Virgin Money would succeed in Canada. Lastly, it is clear that technological factors in the country would support innovative financial products.
• 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.
• Is College Education Worth the Money Not only are people in contemporary society raised and conditioned to believe that one needs college education to succeed in life, but the stiff competition for the few job openings available continue to inform the […]
• Artworks Comparison: Les Demoiselles d’Avignon and Tribute Money
• Money and Happiness Connection – Philosophy
• Central Bank of Bahrain and Money Supply Regulation
• Why Money Is Important: Benefits & Downsides
• 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
• Cyber-Crime – New Ways to Steal Identity and Money
• The Case of Stolen Donation Money
• Money and Banking: David S. Ashby’s Perspective
• Christian Moral Teaching and Money
• Money and Capital Markets: Turkey, India and China
• Mobile Money Transfer as an Alternative Product for Vodafone Group Plc
• The Relationship Between Money Supply and Inflation
• 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
• 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
• Drugs: The Love of Money Is the Root of All Evils
• 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 Laundering: Most Effective Combat Strategies
• Money and Commodity Circulatory Processes
• Motivate Your Employees produced by BNet Video for CBS Money Watch
• The World Surrounded by Money
• The World of Money
• Why People Should Donate Time, Money, Energy to a Particular Organization, Charity, or Cause
• Ways to Spend Money in Saudi Arabia
• Sports Industry: Morality vs. Money
• 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?
• Wall Street Questions
• Time Management Essay Titles
• Stress Titles
• Bitcoin Research Topics
• Technology Essay Ideas
• Charity Ideas
• Economic Topics
• Cheating Questions
• 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/.

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

• Basic site functions
• Ensuring secure, safe transactions
• Secure account login
• Remembering account, browser, and regional preferences
• Remembering privacy and security settings
• Analyzing site traffic and usage
• Personalized search, content, and recommendations
• Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Cookies and similar technologies are used to enhance your experience by:

• Remembering general and regional preferences
• Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy .

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy .

• PRO Courses Guides New Tech Help Pro Expert Videos About wikiHow Pro Upgrade Sign In
• EDIT Edit this Article
• EXPLORE Tech Help Pro About Us Random Article Quizzes Request a New Article Community Dashboard This Or That Game Forums Popular Categories Arts and Entertainment Artwork Books Movies Computers and Electronics Computers Phone Skills Technology Hacks Health Men's Health Mental Health Women's Health Relationships Dating Love Relationship Issues Hobbies and Crafts Crafts Drawing Games Education & Communication Communication Skills Personal Development Studying Personal Care and Style Fashion Hair Care Personal Hygiene Youth Personal Care School Stuff Dating All Categories Arts and Entertainment Finance and Business Home and Garden Relationship Quizzes Cars & Other Vehicles Food and Entertaining Personal Care and Style Sports and Fitness Computers and Electronics Health Pets and Animals Travel Education & Communication Hobbies and Crafts Philosophy and Religion Work World Family Life Holidays and Traditions Relationships Youth
• Browse Articles
• Learn Something New
• Quizzes Hot
• Happiness Hub
• This Or That Game
• Train Your Brain
• Explore More
• Support wikiHow
• About wikiHow
• Log in / Sign up
• Finance and Business
• Managing Your Money
• Keeping Track of Your Spending

How to Spend Money Wisely

Last Updated: August 26, 2024 Approved

This article was co-authored by Andrew Lokenauth . Andrew Lokenauth is a Finance Executive who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University. There are 10 references cited in this article, which can be found at the bottom of the page. wikiHow marks an article as reader-approved once it receives enough positive feedback. This article received 22 testimonials and 91% of readers who voted found it helpful, earning it our reader-approved status. This article has been viewed 756,477 times.

Do you hate it when you really need money, but your wallet is empty? No matter how little or how much money you have, spending it wisely is a good idea; it enables you to get the most bang for your buck. Follow these tips to reduce expenditures in key areas and adopt a safer overall approach to shopping.

Spending Basics

• Organize your purchases by category (food, clothing, entertainment, etc.). Categories with the highest monthly amounts (or monthly amounts you consider surprisingly high) may be good targets for saving money.

• We'll cover ways to save cash wisely later.

• Make a preliminary trip before you go on your real shopping trip. Note the prices of several alternatives at one or more stores. Return home without buying anything and decide which products to buy on your second, "real" expedition. The more focused you are and the less time you spend in the store, the less you'll spend.
• If you are motivated to treat each purchase as an important decision, you will make better decisions.
• Do not accept free samples or try something on just for fun. Even if you don't plan on purchasing it, the experience can convince you to make a decision now instead of considering it carefully in advance.

• Don't browse store windows or shop for fun. If you're only buying something because you find the act of shopping fun, you'll likely end up spending too much on stuff you don't need. [2] X Research source
• Don't make purchasing decisions when your judgment is impaired. Alcohol, other drugs, or sleep deprivation [3] X Research source can harm your ability to make sensible decisions. Even shopping while hungry or listening to loud can be a bad idea if you don't stick to your shopping list.
• Jump to our advice on spending on clothing .

• Do not take advice from store employees. If you need a question answered, politely listen to their response but ignore any advice on purchasing decisions. If they won't leave you alone, leave the store and return later to make your decision.

• Don't bring more cash with you than you need. If you don't have the extra money, you can't spend it. [5] X Research source Similarly, withdraw your weekly budget from an ATM once a week rather than filling up your wallet whenever you run out.

• Don't buy something on the basis of an advertisement. Whether on television or the product's packaging, treat ads with skepticism [6] X Research source . They are designed to encourage you to spend money and will not provide an accurate portrayal of your options.
• Don't purchase something just because it's reduced price. Coupons and sales are great for products you were already planning to buy; purchasing something you don't need just because it's 50% off does not save money!
• Be aware of pricing tricks. Translate that "$1.99" price into "$2". Judge the price of an item on its own merits, not because it's a "better deal" than another option by the same company. (By making the "worse deal" atrocious value, someone can trick you into paying more for add-ons you don't need).
• Don't automatically buy the mid priced product within a category. Marketers know that if they want you to buy a high-priced product instead of a low-priced product, they can influence your decision by adding an outrageously expensive product to make the high-priced product intermediate in price and look reasonable in comparison.

• Only use a coupon or take advantage of a discount for an item you absolutely need or decided to buy before the discount occurred. The attraction of a cheaper price is an easy way to get customers to buy something they don't need.
• Buy products only useful at particular times of year during the offseason. A winter coat should be cheap during summer weather.

• Don't be fooled by lower monthly payments. Calculate the total amount you'll spend (monthly payments x number of months until fully paid) to find out what the cheapest option is.
• If you're taking out a loan, calculate how much total interest you'll have to pay.

• Jump to info on spending on food and beverages .
• Set aside a very limited amount of money in your budget for these treats. The goal is to give yourself a small reward to keep your spirits up and prevent a giant splurge later.
• If your usual methods of treating yourself are expensive, find cheaper alternatives. Take a bubble bath at home instead of going to the spa, or borrow a movie from the library instead of going to the theater.

Spending on Clothing

• Clearing out your closet is not an excuse to buy replacements. The goal is to find out what types of clothing you have enough of, and which you actually need more of.

• Remember that price doesn't guarantee quality. Research what the longest lasting brands are rather than assume the most expensive option is best.
• Similarly, wait until the item you need goes on sale when possible. Remember not to use sales an excuse to purchase items you don't require.

• Thrift stores in more affluent neighborhoods usually receive higher-quality donations.

Spending on Food and Beverages

• This will not only prevent you from making impulse buys at the grocery store, but also prevent wasting money due to food waste, a major expenditure for many people. [8] X Research source If you find yourself throwing away food, reduce the size of your planned meals.

• Pack a lunch at home instead and bring it with you to work or class.
• Fill a water bottle using your tap at home instead of buying expensive bottled water.
• Similarly, if you drink coffee frequently, buy a cheap French press and save money by preparing it at home.

Saving Cash Wisely

• Establish an emergency fund.
• Avoid unnecessary fees.
• Meal plan your meals for the week

• Will I use this item regularly? Make sure you'll drink all that milk before it goes bad, or that you have enough summer months left to wear that skirt more than a couple times.
• Do I lack something that serves the same purpose? Beware specialized products whose role can be performed by basic items you already have. [12] X Research source You probably don't need ultra-specialized kitchen equipment, or a special workout outfit when sweatpants and a T-shirt will work just as well. [13] X Research source
• Will this item change my life for the better? This is a tricky question, but purchases that encourage "bad habits" or cause you to neglect important parts of your life should be avoided.
• Will I miss this item if I don't buy it?
• Will this item make me happy?

Community Q&A

• When comparing two cars, calculate how much more you'll spend in gas money if you buy the less efficient (lower MPG) model. [14] X Research source Thanks Helpful 0 Not Helpful 0
• Avoid dry-clean only clothing. Check the tags before you purchase any clothing. You don't want to repeatedly spend money on dry cleaning. [15] X Research source Thanks Helpful 0 Not Helpful 0
• Following a budget will be much easier if the entire household is committed. Thanks Helpful 6 Not Helpful 1

Tips from our Readers

• Do your research before buying something new: is it worth spending the money? What's the best value you can find? Resist automatically going for the cheapest item you can find, though, since cheap stuff is usually low-quality, meaning you'll likely have to spend more money replacing it in the long run.
• You can still enjoy a nice meal out while saving money. For instance, instead of paying for a drink, stick to water or hot tea and lemon, since it's typically free. Skip the appetizer, or split your food with a friend, since restaurant portions tend to be pretty big anyway.
• Be cautious about who you loan money to, and try not to loan what you can't afford to lose. If friends or relatives ask you if they could borrow some money, try to keep track of what you've loaned them, and maybe come up with a payment plan with them if it's a large sum.

You Might Also Like

• ↑ Trent Larsen, CFP®. Certified Financial Planner. Expert Interview. 22 July 2020.
• ↑ http://mywifequitherjob.com/how-to-build-wealth-by-spending-money-wisely/
• ↑ http://www.sltrib.com/sltrib/money/56846293-79/sleep-shopping-deprivation-foods.html.csp
• ↑ http://www.moneycrashers.com/psychology-of-money-saving-spending-habits/
• ↑ http://money.howstuffworks.com/personal-finance/budgeting/10-tips-for-staying-on-budget.htm#page=2
• ↑ http://pbskids.org/itsmylife/money/spendingsmarts/article8.html
• ↑ http://www.moneycrashers.com/importance-splurging-avoid-frugal-fatigue-splurges/
• ↑ http://www.lifehack.org/articles/money/7-ways-spend-money-wisely.html
• ↑ http://www.csmonitor.com/Business/Saving-Money/2012/0510/23-ways-to-save-money-on-clothes
• ↑ http://financialplan.about.com/od/savingmoney/a/newcarmistakes.htm

About This Article

If you want to spend money wisely, create a budget to track how much money you spend on each category, such as food, clothing, entertainment, and living expenses. Then, try to plan each purchase in advance so you know how much money you will be spending and will be able to avoid impulse purchases. When you do spend money, pay in cash to prevent overspending or interest charges for unpaid credit card balances. Whenever possible, wait for a sale to purchase big-ticket items, like a new laptop, at a discount. For tips on spending less for food and clothing and starting a savings fund, scroll down! Did this summary help you? Yes No

• Send fan mail to authors

Reader Success Stories

Zenha Ajmal

Nov 18, 2017

Did this article help you?

Gayla Thoms

Oct 9, 2016

Oct 3, 2016

Jul 20, 2019

Oct 15, 2017

Featured Articles

Trending Articles

Watch Articles

• Terms of Use
• Privacy Policy
• Do Not Sell or Share My Info
• Not Selling Info

wikiHow Tech Help Pro:

Develop the tech skills you need for work and life