• Essay On Time Is Money

Time Is Money Essay

500 words essay on “time is money”.

Time is the most precious thing in the world. Once you lose your time, it is gone forever. You can’t regain it. Success and failure in your life depend on how you utilise your precious time. For example, if you want to excel in your exam, you should wisely use your time. You will not pass, despite being clever, if you waste your time and don’t study.

Even at workplaces, people who make full use of time are much appreciated. They receive promotions, performance bonuses, etc. On the other hand, idle employees are not much appreciated and receive no promotions. People get famous by properly utilising time, such as professionals and merchants, who work hard to make a lot of money. They know the right way to make good use of their time.

People who understand the importance and meaning of the phrase “Time is Money” prosper in their lives and achieve a secure financial condition. People who ignore the term often see failure in their life.

Importance of Time

Time is valuable as we are provided with limited time in our entire life span. We can’t say what will happen in the next few hours of our life. It is flexible and ruthless because it doesn’t wait for anyone. So, always use your time wisely. We should not waste our time doing unnecessary things or activities. You should make every moment of your time meaningful.

Money has become the most significant factor in everyone’s life in the modern era. But you should understand that time is more precious than money. You can’t buy time, irrespective of how rich you are, but you can earn money with better use of time. Time is uncontrollable, so once it’s gone, it is gone forever.

Money can be earned later through effort and hard work. But, unfortunately, once the time is gone, nothing can bring back that hour of our life. Therefore, we should respect time more than anything on this planet.

While doing our daily routine and even in workplaces, we should manage time efficiently. By doing so, we can complete our tasks without any obstacles. Moreover, we can also learn the importance of time from Mother Nature. The arrival of different seasons, day and night changes, sunrise and sunset, and earth rotation demonstrate the correct use of time. All they offer is nothing but effective use of time to prevent chaos.

More Valuable than Money

Time is priceless and more essential than money. Time never comes back, but money can. You can earn money by proper utilisation of time. But you can’t bring back the time that has gone.

If you want to become successful in your life, learn to use time efficiently. Money can be earned with time, but you can not make money by wasting time. This statement clearly states that time is more precious than money.

Time is allotted to you, and you have all the right to use it, just like money. But, there is a vast difference between the two. If you spend more money, you can always recover it by doing more work, but this money will never help you bring back lost time. Once ruined, time goes on forever, and it cannot be withdrawn.

A patient fleeing to the hospital to get medical attention may know that time is much more valuable than money. He will probably pay any amount to arrive at the hospital on time. He knows that he can earn money once he saves his life.

Consider an entrepreneur who wants to be on time for his first big business deal. He will probably take the fastest travel mode and not keep the expenses in mind. This is because he knows that time is more important than money in this situation. At this moment, his first deal’s success, reputation, and future depend entirely on time but not on money.

Conclusion of “Time Is Money” Essay

It is hence proved that time is money. One can become wealthy and flourish in life with efficient time utilisation. On the other hand, a waste of time means a waste of energy. So, always respect time.

From our BYJU’S website, students can also access CBSE Essays related to different topics. It will help students to get good marks in their exams.

Frequently Asked Questions on ‘Time Is Money’ Essay

What is the meaning of the phrase ‘time is money’.

It means that time is as valuable as money is.

What is the importance of time?

Time plays one of the most significant roles in our lives. The time that is lost can never be regained back.

How to value time?

Never postpone your work and complete it on time at all costs. Do not waste time talking or thinking about unnecessary things and be organised and productive.

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Essay on Time is Money

Students are often asked to write an essay on Time is 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 Time is Money

Understanding the phrase.

“Time is Money” is a popular saying that means time is valuable. When we spend time doing something, we could be doing something else that might earn us money.

The Value of Time

Just like money, time is limited. We only have 24 hours in a day. If we waste time, we lose opportunities to earn or learn.

Time Management

By managing our time wisely, we can accomplish more. We can use time to learn new skills, which can help us earn more money in the future.

In conclusion, time is a valuable resource. If we use it wisely, it can bring us wealth and success.

Also check:

  • 10 Lines on Time is Money
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250 Words Essay on Time is Money

Understanding the adage ‘time is money’.

The phrase ‘Time is Money’ is a fundamental principle in the world of business and life, encapsulating the idea of opportunity cost. The concept, attributed to Benjamin Franklin, teaches us that time, like money, is a limited resource that needs to be spent judiciously.

Time as a Finite Resource

Time, in its essence, is a finite resource. We all have 24 hours in a day, and how we choose to spend those hours determines the value we extract from them. The time spent on unproductive activities is time lost, much like money wasted on non-essential items.

Opportunity Cost and Time

The concept of opportunity cost is closely tied to the idea that ‘Time is Money’. It refers to the potential gain that one could have received but gave up in the pursuit of another course of action. If we choose to spend an hour watching television, we forgo the opportunity to read a book, learn a new skill, or earn money.

Time Management and Productivity

Effective time management can lead to increased productivity, just as wise money management can lead to wealth accumulation. Prioritizing tasks, setting goals, and avoiding procrastination are all strategies to make the most of our time.

In conclusion, the adage ‘Time is Money’ is a powerful reminder of the value of our time. By managing it wisely, we can maximize our productivity and opportunities, just as we would by wisely managing our finances. As we grow and evolve, we must remember that every moment counts, and every second spent is an investment in our future.

500 Words Essay on Time is Money

Introduction: the concept of time is money.

The phrase “Time is Money” is a well-known adage that underscores the value of time. It is a principle that has been ingrained in our minds from a young age, often used to emphasize the importance of efficiency and productivity. However, the concept is not just about the literal exchange of time for money. It is a philosophy that carries profound implications for how we perceive and utilize our time.

The Economics of Time

In the realm of economics, the concept of time as money is a cornerstone. Economists perceive time as a resource that, like any other, has opportunity costs. When you spend an hour on a particular activity, you forego the benefits you could have gained by spending that hour on something else. This is the essence of the opportunity cost concept. Therefore, every moment should be spent wisely, as the potential return on investment is not just monetary but also includes personal growth, satisfaction, and happiness.

The adage also underlines the importance of time management. Good time management skills allow us to work smarter, not harder, enabling us to get more done in less time, even when time is tight and pressures are high. Effective time management includes setting goals, prioritizing tasks, and monitoring where our time actually goes. This not only increases our productivity but also provides a sense of control and satisfaction.

The Societal Perspective

From a societal perspective, the phrase “Time is Money” promotes a culture of efficiency. It encourages us to value our time and use it productively. However, it’s important to recognize that not all valuable activities have an immediate or tangible financial return. Activities such as leisure, relaxation, or volunteering can enrich our lives in ways that money cannot, yet they are often undervalued because they don’t directly contribute to monetary gain.

Re-evaluating the Concept

While the phrase “Time is Money” is a powerful tool for emphasizing efficiency and productivity, it’s essential to remember that it’s not a one-size-fits-all rule. We must be cautious not to let it foster a culture of relentless busyness or stress. Instead, we should use it as a reminder that our time is valuable and finite. It’s about making conscious decisions on how we spend our time, balancing productivity with activities that bring us joy and fulfillment.

Conclusion: A Balanced Approach

In conclusion, “Time is Money” is a concept that encourages us to use our time wisely and productively. However, it’s crucial to interpret it in a balanced manner, recognizing that not all valuable activities have a direct monetary return. As we navigate through life, we must strive to balance productivity with personal fulfillment, understanding that the true value of time lies not just in the money it can earn, but also in the experiences and joy it can bring.

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

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essay on time of money

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Essay on Time is Money

“Time is money” or also we can say that time is priceless and precious. Time can be used for earning money and we can actually do it but on the other side, we cannot use the money to get our lost time back. It means time is more precious than money or any other thing existed in this world. It is the famous phrase used by the great author “Benjamin Franklin” in his book “Advice to a Young Tradesman”. It has now become the motivational and encouraging tagline for lots of people who want to get the desired success in their life. So, we have provided below some essays on this famous motivational phrase under different words count.

Sample Essay on Time is Money for Students

Essay 1 (400 words).

“Time is money” means by using time in an efficient manner we can get money and by wasting it we can lose the opportunity of earning money. The destiny of a person is not predictable and we never know that when a good opportunity comes to us, it just depends on us how we use time. A single moment is enough to be the reason of getting heights of success or a big fall down in life. Thus we should always prepare for grabbing the opportunity which comes to us at any stage of life. Time is precious and never waits for anyone whether rich or poor and king or beggar.

Time has so much power that it can change a human’s life completely. It can convert a successful or powerful rich person into a helpless poor man and a poor man into a rich person. It only depends on you whether you understand the value of time or take it for granted.

The importance and value of time are different for all. A student uses it for taking knowledge, a working man to earn money and a house lady to do her house works by keeping the importance of time in mind.

In today’s world, everyone is just running behind money, fame, and success. Competition has arisen in all fields that have influenced all age groups of people and children. Thus, if we want our children to get succeed in the future life, we should prepare them since their childhood in such a manner that they understand the value of time and can be able to take benefit from their important time by doing good things in life.

Since the time of their wake up in the morning till the sleeping in the night, every single activity should be done at a proper pre-decided time and this timetable should be followed through the entire life.

The best example of understanding the importance and value of time is that when we lose money we can get it back by using time but if time is lost we cannot get it back by using money or any other thing.

In conclusion, we can just say that time is money and time is priceless, by using it in a proper manner no one can defeat us at any stage of life. Neither we can buy it nor we can sell it; we just can use it every single moment.

Essay 2 (600 words)

Introduction:

“Time is money” is a famous phrase or quote. It was first used by the great author “Benjamin Franklin” in historical time in his famous book “Advice to a Young Tradesman”, which has become the inspiration of life for many people. Though this common phrase of “Time is Money” sounds very simple and ordinary line but it means a lot. These two words consist of the right way of better living and those who are following it can achieve a lot during their life.

Time never waits for anyone and to live with and according to time is the key to success for all. Time is as equivalent to money but money is not comparable by time as “we can earn money by using time but using money we cannot earn time” this is the truth of life and we cannot ignore it. Also, we can say that when we lose money we can get it back but if we lose time no one can get it back for us.

A famous and common phrase connects and relates with the phrase “Time is Money” that is “Time and Tide waits for none” which means passed time never comes back for anyone. We should understand and respect the value of time, by using our precious time we can get and touch the heights of success.

We all should teach our children about the importance of time since their childhood and help them in making their routine by keeping the importance of time in mind. All the activities starting in the morning till the bedtime in the night should be pre-decided and according to the time for the betterment of our and our children’s life.

Importance of Time:

The importance of time differs for all ages of people. Once a kid is grown up, his or her childhood never comes back; similarly, a student always tries his/her best throughout the year for getting good marks or grades just because they know the importance of time. In the same manner for different purposes, people just use their precious time by doing their best efforts to fulfilling their different kinds of wish, as they know that time will not wait for them.

A person gets life for once only and this is the biggest fact of the universe. It only depends on us that how we use it, whether we get lots of achievement during our life or just spoil it by wasting our precious time. Intelligent people are those who manage and live according to the time by using each and every moment of their precious life and did some great works which remind us about those people.

The famous story of Ant and Grasshopper is a good example of this phrase “Time is Money”. In this story, an ant spent it’s all-time of the summer season in collecting food for the season of winter and Grasshopper was happy with the food that he had for that time only. When winter came and had plenty of food in storage as she was much aware of the importance of time. Whereas grasshopper had nothing to eat in the winter season as he was happy in relaxing and wasting his time. Thus, we all should be like an ant in order to face different circumstances in life.

Conclusion:

The above story is just an example but has an important essence of life, this formula should be followed by all of us to get extreme success in life. By using our precious time we cannot only improve our own quality of life but also can contribute to the betterment of society and the nation.

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Time is Money Essay in English for Children and Students

essay on time of money

Table of Contents

Time is Money Essay is a phrase commonly used to imply the significance of time and that wasting time is equivalent to wasting money. The origin of the phrase dates back to the 15 th century. A Croatian merchant – Benedetto Cotrugli, was the first to write the phrase “ Time is Money ” i n his book “Della Mercatura et Del Mercante Perfetto.” Later, Benjamin Franklin, one of the United States’ founding fathers, used “Remember that time is money” in one of his 1748 books.

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Time is Money Essay

Long and Short Essay on Time is Money in English

These essays will help you in your class/school projects/competitions. Choose anyone as per your need:

Short Essay on Time is Money (200 Words) – Essay 1

The phrase “Time is Money” practically suits every person in society. Let us consider a few examples: A businessman getting late for an important client meeting better understands the worth of time. He knows that time is precious, and he might have to let go of the business deal if he loses time.

Similarly, a student who has the ambition of procuring a good-paying job after studies understands the value of time more than anything else. S/he knows that getting a decent remuneration will be complicated and impossible if they waste time and don’t study well.

Essay on Time is More Precious than Money (300 Words) – Essay 2

Introduction

We all agree that time is Money, and Money can only be generated by properly and efficiently utilizing our time. The statement equates time with Money, but it’s only half the truth. Some explanations prove that time is more valuable than Money. In this essay, we will make arguments in support of the statement “Time is More Precious than Money.”

Reasons for Time is More Precious than Money

The most valid argument supporting the statement “Time is More Precious than Money” is that Money, once lost, could be regained, but time, if lost, can never be recovered. The amount of Money one has fluctuates with time; you might be poor today, but tomorrow you may be rich, or vice versa.

On the other hand, time is an ever-progressing phenomenon, changing every second I write this line. If for some reason, I decided to stop writing for a couple of minutes or so, then no power in the world could help me go back into those lost minutes. More examples could establish the statement “time is More Precious than Money” as a fact.

Consider an affluent person who urgently needs medical care but cannot get it because he got stuck in a traffic jam. He is caught up in a situation where his whole monetary worth can’t save him the time he needs. Indeed in practical situations like these, time is more precious than Money.

Time is worth more than Money as Money is a commodity that could be lost and regained or vice versa, but time once lost, can’t be regained whatever Money you are willing to spend. Thus it is established that “Time is More Precious than Money.”

Essay on Time is More than Money (400 Words) – Essay 3

Time is always considered more valuable than Money since one can spend time to earn Money, but vice versa is not possible. Money can never add some extra moments in life. Money, if lost, can be earned again, but if time is lost, it could never be recovered unless one believes in the impossible concept of a time machine. Everyone gets a limited time, but only an intelligent person utilizes it fruitful and productive.

Expansion of Phrase “Time is more than money.”

The phrase’s literal meaning showcases the importance of time and how it is considered more valuable than Money. You can do more with a day than a day’s pay. The time spent with our friends, family, and close ones remains in our memories irrespective of whether we have Money. Time is more precious than Money because though a person is a billionaire, he can’t add extra days to his life.

Sometimes the time spent with someone is so priceless that it can’t be bought with Money. It takes time to earn Money, but Money can’t buy a single moment. Everyone has a limited time; one who values it becomes successful, and one who wastes it always complains about its shortage.

Time Vs. Money

Time never comes back once spent, but Money can be earned back once spent. Time availability remains the same for rich and poor, but Money is available to the rich but not the poor. Time cannot be stored, but Money can be stored for some time. Time is always limited and can’t be increased, but Money can be raised by earning more. Time is not constant and keeps on moving, whereas Money could remain constant for some time. Money’s value might decrease over time, but the value of time remains constant forever.

In the materialistic world, people consider Money the most important and valuable thing in life, but they forget the importance of time. Nowadays, people are sacrificing their family time by spending it more on their work, and in this way, they cannot spend quality time with their family. It is also said that people spend time earning Money but don’t get time to spend it. Proper time management always makes a person successful and respectable in society by making him more punctual and improving his quality of life.

Essay on Time is Important than Money (500 Words) – Essay 4

Time is more important than Money; if someone wastes time, s/he will surely lose Money. Moreover, time in a way, is more precious than Money as it cannot be purchased by Money. The time lost, no amount of Money can help you bring it back into your life.

Reason for Time is Important than Money

Time is more valuable than Money, is a fact, and the phrase today is used and acknowledged by millions. There could be thousands of arguments in support of the statement. Time once lost can never be earned back is a truth. You can use your time to make Money, but you can’t buy Money with time. No matter how much Money you are willing to spend, it will not be possible to get back the already gone time.

Ever wonder what makes the difference between success and failure. From a layman to a high-ranking professional, everyone has the same 24 hours at their disposal. How they have used those 24 hours has made all the difference in their lives. A successful person always uses their time efficiently to earn Money and progress. Money is earned through time, and you can’t earn a penny by wasting time. This statement itself establishes that time is more valuable than Money.

Time is given to you, and you have the right to use it the way you want, just like Money. But, there is a difference – if you lose or spend Money, you can always regain it by working a little more. On the other hand, if you lose your time, then no amount of Money in the world can help you but it back. Time once wasted is gone forever and can’t be recovered.

Patients rushing to the hospital to get medical attention know that time is more valuable than Money. He would probably pay any amount to get to the hospital in time; because he knows that he could earn Money once he can save his own life.

Consider an entrepreneur who wants to be on time for their first big business deal. He would probably take the fastest mode of travel, not minding the expenses. Why? Because he knows that time is much more important than Money in this situation. The success of his first deal, his reputation, and his future at this moment depend entirely on time but not on Money.

Time is absolutely important than Money, and almost everyone must have experienced the truth of the phrase at some point in their lives. Whether one agrees or not, it is a well-established and proven fact that time is more valuable than Money.

Long Essay on Time is Money – Meaning, Story, Explanation (600 Words) – Essay 5

“Time is Money” is an equating statement, implying that time is equivalent to Money. The statement establishes a direct proportionality between the two; if you lose/waste time, you will lose Money and gain Money if you use the time. It is a proverb that has been widely used in our everyday lives. In the following essay, we will go through the meaning of the phrase “Time is Money,”; read a short story supporting the phrase, explain the phrase, and finally conclude the essay with a conclusion.

‘Time is Money’ Short Story

One evening, when the father came home from the office, tired and a little late, the kid had already eaten his dinner. The boy suddenly asked his father – Dad, how much you earn in a day? Father was not very pleased with the question and replied – that’s none of your business! Why do you want to know? But the kid insisted, saying he just wanted to know out of curiosity. After some reluctance, the father told him he earns thousand rupees daily. Next, the kid asked his father if he could lend him 100 Rupees. This made the father furious, who ordered the kid to go to his room and sleep. Poor child, having no clue what went wrong, retrieved the room and went to bed.

The father sat wondering what could have prompted the child to ask such a question regarding his earnings. However, as time passed, his anger subsided, and he went to the room with his son, probably thinking he had overreacted. When the father reached into the kid’s room, the latter was still awake. Apologizing for getting angry, the father took out a 100 Rupee note from his pocket and gave it to the kid.

Happy with joy, the child thanked his father, proceeded to his table drawer, took out the Money in the drawer, and started counting it. Once again, the father was surprised and a little angry. He asked where you got all the Money from. Why did you ask for more if you already had enough? The son’s reply had his father in tears. The kid said, father, I had collected Rs 900 over a long time, but today when you gave me Rs 100, my savings equal to your one day’s earning. So, may I request you take all thioney and spend a day with me tomorrow. The man was crushed. He was literally in tears and hugged his son as never before, promising him that tomorrow he would be on leavwould ime is Money – Explanation.

“Time is Money” is a famous proverb and an indisputable truth. How much money you have is decided by how efficiently you use your time.

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School Essay

Essay On Time Is Money

  • Post category: Essay
  • Reading time: 4 mins read
“There is not a single moment in life that we can afford to lose.”

Time is the most significant factor in life. Understanding its value and keeping pace with it is very important. Moving ahead with time is a sign of progress and statics is death. Each and every fraction of time is important. Time management means managing time effectively and utilizing it to the fullest possible extent.

Time keeps on running like a cartwheel. We cannot store it and it is non-replaceable. It does not wait for anybody. We cannot take back our words, we cannot stick back a plucked flower, similarly, time once gone cannot be reversed. If one fails to recognize the value of the time he has to face serious consequences. Every second of life is important, especially in a student’s life. If students spend their time only playing or doing unnecessary things, they may fail in examinations and will not be able to achieve anything in the future.

One who makes proper utilization of time can succeed in life. Such a person definitely contributes to the progress of the country . One who changes with time prospers and leads a happy life. A person can prove his or her identity only by making proper utilization of time. This is the main factor needed for a country to progress. One can shape one’s life by doing things in time. This makes difficult things easy.

Thus it is very important to divide time for every important thing. It is the only way to succeed. Time is money, do not waste it.

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Essay on Money for Students and Children

500+ words essay on money.

Money is an essential need to survive in the world. In today’s world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it. Our parents work hard to fulfill our dreams .

essay on time of money

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

Black Money

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

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

Money Laundering

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

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

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

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

White Money

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

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

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

Q1. What is Black Money?

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

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

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

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English Summary

100 Words Essay On Time Is Money In English

Time is money is a famous adage. Google defines this phrase of time to be “time is a valuable resource, therefore it’s better to do things as quickly as possible.”

By comparing time with money, the proverb aims to stress the importance of time and how invaluable it is. What it also reiterate is how time, like money, should not be wasted and be used judiciously. 

Time is money can also be interpreted to mean that losing time literally equates to losing money- which would in turn result in financial constraints; loss of money thus.

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essay on time of money

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Time Value of Money Explained with Formula and Examples

essay on time of money

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications.

essay on time of money

What Is the Time Value of Money (TVM)?

The time value of money (TVM) is the concept that a sum of money is worth more now than the same sum will be at a future date due to its earnings potential in the interim. The time value of money is a core principle of finance. A sum of money in the hand has greater value than the same sum to be paid in the future. The time value of money is also referred to as the present discounted value.

Key Takeaways

  • The time value of money means that a sum of money is worth more now than the same sum of money in the future.
  • The principle of the time value of money means that it can grow only through investing so a delayed investment is a lost opportunity.
  • The formula for computing the time value of money considers the amount of money, its future value, the amount it can earn, and the time frame.
  • For savings accounts, the number of compounding periods is an important determinant as well.
  • Inflation has a negative impact on the time value of money because your purchasing power decreases as prices rise.

Investopedia / Mira Norian

Understanding the Time Value of Money (TVM)

Investors prefer to receive money today rather than the same amount of money in the future because a sum of money, once invested, grows over time. For example, money deposited into a savings account earns interest. Over time, the interest is added to the principal, earning more interest. That's the power of compounding interest. 

If it is not invested, the value of the money erodes over time. If you hide $1,000 in a mattress for three years, you will lose the additional money it could have earned over that time if invested. It will have even less buying power when you retrieve it because inflation reduces its value .

As another example, say you have the option of receiving $10,000 now or $10,000 two years from now. Despite the equal face value, $10,000 today has more value and utility than it will two years from now due to the opportunity costs associated with the delay. In other words, a delayed payment is a missed opportunity.

The time value of money has a negative relationship with inflation . Remember that inflation is an increase in the prices of goods and services. As such, the value of a single dollar goes down when prices rise, which means you can't purchase as much as you were able to in the past.

Time Value of Money Formula

The most fundamental formula for the time value of money takes into account the following: the future value of money, the present value of money, the interest rate, the number of compounding periods per year, and the number of years.

Based on these variables, the formula for TVM is:

F V = P V ( 1 + i n ) n × t where: F V = Future value of money P V = Present value of money i = Interest rate n = Number of compounding periods per year t = Number of years \begin{aligned}&FV = PV \Big ( 1 + \frac {i}{n} \Big ) ^ {n \times t} \\&\textbf{where:} \\&FV = \text{Future value of money} \\&PV = \text{Present value of money} \\&i = \text{Interest rate} \\&n = \text{Number of compounding periods per year} \\&t = \text{Number of years}\end{aligned} ​ F V = P V ( 1 + n i ​ ) n × t where: F V = Future value of money P V = Present value of money i = Interest rate n = Number of compounding periods per year t = Number of years ​

Keep in mind, though that the TVM formula may change slightly depending on the situation. For example, in the case of annuity or perpetuity payments, the generalized formula has additional or fewer factors.

The time value of money doesn't take into account any capital losses that you may incur or any negative interest rates that may apply. In these cases, you may be able to use negative growth rates to calculate the time value of money

Examples of Time Value of Money

Here's a hypothetical example to show how the time value of money works. Let's assume a sum of $10,000 is invested for one year at 10% interest compounded annually. The future value of that money is:

F V = $ 10 , 000 × ( 1 + 10 % 1 ) 1 × 1 = $ 11 , 000 \begin{aligned}FV &= \$10,000 \times \Big ( 1 + \frac{10\%}{1} \Big ) ^ {1 \times 1} \\ &= \$11,000 \\\end{aligned} F V ​ = $10 , 000 × ( 1 + 1 10% ​ ) 1 × 1 = $11 , 000 ​

The formula can also be rearranged to find the value of the future sum in present-day dollars. For example, the present-day dollar amount compounded annually at 7% interest that would be worth $5,000 one year from today is:

P V = [ $ 5 , 000 ( 1 + 7 % 1 ) ] 1 × 1 = $ 4 , 673 \begin{aligned}PV &= \Big [ \frac{ \$5,000 }{ \big (1 + \frac {7\%}{1} \big ) } \Big ] ^ {1 \times 1} \\&= \$4,673 \\\end{aligned} P V ​ = [ ( 1 + 1 7% ​ ) $5 , 000 ​ ] 1 × 1 = $4 , 673 ​

Effect of Compounding Periods on Future Value

The number of compounding periods has a dramatic effect on the TVM calculations. Taking the $10,000 example above, if the number of compounding periods is increased to quarterly, monthly, or daily, the ending future value calculations are:

  • Quarterly Compounding: F V = $ 10 , 000 × ( 1 + 10 % 4 ) 4 × 1 = $ 11 , 038 FV = \$10,000 \times \Big ( 1 + \frac { 10\% }{ 4 } \Big ) ^ {4 \times 1} = \$11,038 F V = $10 , 000 × ( 1 + 4 10% ​ ) 4 × 1 = $11 , 038
  • Monthly Compounding: F V = $ 10 , 000 × ( 1 + 10 % 12 ) 12 × 1 = $ 11 , 047 FV = \$10,000 \times \Big ( 1 + \frac { 10\% }{ 12 } \Big ) ^ {12 \times 1} = \$11,047 F V = $10 , 000 × ( 1 + 12 10% ​ ) 12 × 1 = $11 , 047
  • Daily Compounding: F V = $ 10 , 000 × ( 1 + 10 % 365 ) 365 × 1 = $ 11 , 052 FV = \$10,000 \times \Big ( 1 + \frac { 10\% }{ 365 } \Big ) ^ {365 \times 1} = \$11,052 F V = $10 , 000 × ( 1 + 365 10% ​ ) 365 × 1 = $11 , 052

This shows that the TVM depends not only on the interest rate and time horizon but also on how many times the compounding calculations are computed each year.

How Does the Time Value of Money Relate to Opportunity Cost?

Opportunity cost is key to the concept of the time value of money. Money can grow only if it is invested over time and earns a positive return. Money that is not invested loses value over time. Therefore, a sum of money that is expected to be paid in the future, no matter how confidently it is expected, is losing value in the meantime.

Why Is the Time Value of Money Important?

The concept of the time value of money can help guide investment decisions. For instance, suppose an investor can choose between two projects: Project A and Project B. They are identical except that Project A promises a $1 million cash payout in year one, whereas Project B offers a $1 million cash payout in year five. The payouts are not equal. The $1 million payout received after one year has a higher present value than the $1 million payout after five years.

How Is the Time Value of Money Used in Finance?

It would be hard to find a single area of finance where the time value of money does not influence the decision-making process. The time value of money is the central concept in discounted cash flow (DCF) analysis, which is one of the most popular and influential methods for valuing investment opportunities. It is also an integral part of financial planning and risk management activities. Pension fund managers, for instance, consider the time value of money to ensure that their account holders will receive adequate funds in retirement.

What Impact Does Inflation Have on the Time Value of Money?

The value of money changes over time and there are several factors that can affect it. Inflation, which is the general rise in prices of goods and services, has a negative impact on the future value of money. That's because when prices rise, your money only goes so far. Even a slight increase in prices means that your purchasing power drops. So that dollar you earned in 2015 and kept in your piggy bank buys less today than it would have back then.

How Do You Calculate the Time Value of Money?

The time value of money takes several things into account when calculating the future value of money, including the present value of money (PV), the number of compounding periods per year (n), the total number of years (t), and the interest rate (i). You can use the following formula to calculate the time value of money: FV = PV x [1 + (i / n)]  (n x t) .

The Bottom Line

The future value of money isn't the same as present-day dollars. And the same is true about money from the past. This phenomenon is known as the time value of money. Businesses can use it to gauge the potential for future projects. And as an investor, you can use it to pinpoint investment opportunities. Put simply, knowing what TVM is and how to calculate it can help you make sound decisions about how you spend, save, and invest.

essay on time of money

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The Time Value of Money

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Published: Jul 10, 2019

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  • Value of Time Essay

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Essay on Value of Time

Time plays the most important role in life. It is the most wonderful and practical thing. It has no beginning and no end. All things are born on time, grown on time and die on time. You cannot have command on time, nor can you analyze and criticize it. It is very crucial that you understand the value of time and manage it effectively; otherwise, time can create an enormous impact on your life. You need to comprehend and regard the value of time by not wasting it.

Time is the most valuable thing in life. It has no beginning and no end. It can neither be created nor be destroyed. Time is the only dimension in which we all live our lives, and it affects everything that we do, from a flower's growing cycle to the destruction of empires. Time is so important, in fact, that if you did not have any, you could not do anything at all. There are many things that we can do with our time: We can spend it on leisure activities, such as sleeping, watching TV, reading or going for a walk; on work or study; on raising a family; or on helping others. No matter what we choose to do, it is important that we manage our time and make the most of it. Time is a valuable thing when we are in school.

A flower can be planted anytime during the year, but if you want it to grow into a beautiful plant with colourful petals, then you must provide it with enough sunlight, water, and soil. You cannot tell time to wait for your instructions; thus, you must use time in the most efficient way possible to get things done. It is the same with our lives. We have a limited amount of time on this earth, and we need to spend it wisely if we want to accomplish our goals and dreams. There are many ways that we can misuse our time. One of the most common is by procrastinating. Procrastination is the act of putting off action until a later time when it could have been done much more efficiently if you had just done it in the first place.

Time has an Effect Everywhere in Life

Your use of time reflects your priorities. It shows what is important to you. For example, if you are always late for meetings or appointments, then people may assume that you do not value them or their time. However, if you are usually well prepared and arrive early for meetings, then your colleagues will know that they can rely on you to get things done in a timely manner. Time is very much crucial to every person in the world. You have wasted time in the past, so do not get frustrated if you are not able to manage your time perfectly. The important thing is to learn from your mistakes and use that knowledge to help you become more efficient with your time in the future!

Time is Valuable

Time management can be defined as "the process of planning and exercising conscious control over the amount of time allocated to the various activities in one's life." It is a skill that can be acquired through training and practice. In order to manage your time effectively, you must know how you spend your time now. Record how much time you spend on each activity during a week, then review what you have recorded. Identify the important tasks and the ones that do not serve any real purpose. Useless activities can be eliminated, and important tasks can be rearranged in a more efficient schedule. The most effective time management techniques include: planning your day the night before, setting priorities, delegating responsibilities, using a planner or calendar, working on one task at a time, utilizing time-saving tools and strategies, and taking short breaks. If we have good habits and good strategies and we follow them, we will get the most out of time. Time management has a great impact on our lives. It can make us more productive every day and help us achieve our goals in life. So take control of your time; do not let it control you! The value of time is something that everyone understands. Time is a precious commodity that we all have an equal amount of, and it is something that should not be wasted. It is interesting to think about how time affects our lives in so many ways. Time is the one thing that we all have in common, but, as a society, we have made very little use of that fact. We have divided up the time that we have into minutes and seconds to the point where time is now our enemy. We are always in a hurry, always chasing after something that we believe will make us happy. And yet, there is nothing that we can do to stop time from passing by.

Importance of Time

Time does not wait for anyone. Whether you like it or not, the fact is time will never stop. It will keep going on. This is an old belief, but it still holds true. Time gives you only one chance, and you have to make the best of it. A moment lost is lost forever. You cannot go back and reverse time.

Time is ever-changing, and change is the law of nature. Nothing is independent of time and change. Life is short, and tasks to accomplish are vast and challenging. We should realize this fact and not waste any minute. Every second and every opportunity should be used efficiently and meaningfully. 

Managing Time

Time management has become the most crucial task in today's busy world. It is the art of arranging, organizing, scheduling and budgeting one time for the purpose of generating more effective work and productivity.

Managing time is the effect of the value of time. It is important for everyone, including students, teachers, factory workers, professionals, homemakers and all. 

Managing time is not necessarily about getting a lot of things done. Instead, it is about getting the right things, the things that truly need to be done. So it is essential to remain focused and in control of time instead of rushing frantically from one activity to the next until you get exhausted. 

Never postpone things for the next day. Today is important. To complete your task today rather than leaving it for tomorrow. Leisure is enjoyable but after fruitful hard work. 

Steps to Utilize Time in an Effective Way

Focus on Most Important Tasks First : Calculate how much your time is worth for a particular job. This will help you to prioritize the work and focus on the important task first. Less important tasks can be delegated to others.

Create a Time Audit : You can keep track of the work that you do every week. Then you can make a report to find out which task is stealing more time. This will help you in proper assessment.

Set a Time Limit for Each Task : When you set a time limit for each task, then you will not get distracted and finish your work within the time frame.

Plan Ahead : If you plan well in advance, then you can be more organized and utilize time to complete work efficiently.

Don't Waste Time Waiting: If you have to wait for the completion of a task, then utilize that waiting time in a most effective way. Instead of sitting idle, you can read any book or study material of your interest. This will increase your productivity. 

Work Smarter and Not Harder : When you juggle with time, then be smart enough to take up one single task and finish it. Quality is more important than quantity.

Time is a very vital substance in our lives. By realizing the value of time and utilizing it effectively, we will not only achieve our goals to the utmost personal satisfaction but can also contribute to the advancement and development of our society and country. We need to respect time, and by this, we can get the best out of it.

So if people know the value of time, then it is beneficial for society and the individual. The value of time is often underestimated. People think that they have all the time in the world and so they can waste it. But, what people don't realize is that time is a precious commodity that, once wasted, can never be recovered. Time waits for no one, so whatever we want to do, we should do it now and not put it off for later so that we can enjoy it to the fullest. So our advice is that you should utilize your time as effectively as possible and feel content by finishing everything on time.

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FAQs on Value of Time Essay

1.How can I manage my time effectively?

There are a number of ways to effectively manage your time. You can focus on the most important tasks first, create a time audit, set a time limit for each task, plan ahead, don't waste time waiting, and work smarter, not harder. Time is a very vital substance in our lives. With the help of time now, we can achieve our goals to the utmost satisfaction and can also contribute to the development of our society and country. We should save time so that we can use it in an effective way and achieve whatever we want in life.

2. What are some of the ways to effectively manage time?

There are a number of ways to manage your time, which include: focusing on the most important tasks first, creating a time audit, setting a time limit for each task, planning ahead, and working smarter, not harder if we know how to manage time in an effective way then we will be able to achieve whatever we want in life. Some ways of time management are given below-focus on the most important tasks first, creating a time audit, setting a time limit for each. These are some ways of managing time so that we can save our time and use it in an effective way.

3. What is the value of time?

Time is valuable because it is finite. Once time is gone, it can never be recovered. Therefore, it is important to use our time wisely and productively. Many people squander their time pursuing activities that seem initially pleasurable but have little to no long-term value. People who have a value of time can achieve anything they want in life. The value of time is how much somebody gives or takes for an hour of their labor. The value changes depending on what type of work you do and which industry you are working in. An average worker makes about $15/hour, so time is valuable. If you save your time, you can use it in a more effective way.

4. How can I be more organized?

To be more organized, you should plan well in advance, don't waste time waiting, and work smarter, not harder. Also, keep track of the work that you do every week by keeping a time audit report to find out which task is stealing more time from you. This will help you in proper assessment and improve your time management skills. If people improve their management skills, then definitely they can save their time and use it in an effective way. By saving time, anyone can achieve their goals.

5. How to work smarter?

Working smarter means taking on one task at a time and completing it to the best of your ability. Quality is more important than quantity when it comes to working smarter. Multitasking can actually lead to decreased productivity and poor work quality. Also, try to eliminate distractions and focus on the task at hand. When you work smarter, you get more done in less time. By working smart, we can save our time and use it in an effective way so that we can achieve whatever we want in life, but it doesn't mean you take shortcuts in your work. By identifying your priorities, setting goals, and focusing on the most important tasks first, you can make sure that you are using your time wisely.

260 Money Topics to Write About & Essay Examples

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

🏆 Best Money Essay Examples & Ideas

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

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

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

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Essay On Money: 100, 250 Words Samples

essay on time of money

  • Updated on  
  • Nov 9, 2023

Essay On Money

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.

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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).

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Essay on Money: Meaning, Functions and Role

essay on time of money

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

Meaning of Money:

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

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

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

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

Functions of Money :

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

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

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

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

(c) Contingent functions like distribution of income, measurement and maximisation of utility etc.

Medium of exchange:

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

Measure of value:

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

Store of Value:

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

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

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

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

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

Standard of Deferred Payments:

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

Contingent Functions:

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

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

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

Functions of Money

Role of Money:

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

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

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

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

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

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Importance of Money Essay - 100, 200, 500 Words

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

Importance of Money Essay - 100, 200, 500 Words

100 Words Essay On Importance Of Money

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

200 Word Essay On Importance Of Money

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

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

500 Word Essay On Importance Of Money

Creation of money.

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

Origin of money

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

Types of Money

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

Properties of money

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

Basic Need For Money

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

Uses of money

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

We can use it to live.

We can give it.

We can pay taxes.

We can repay debt and

We can save or grow it.

Power Of Money

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

Impact Of Money

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

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

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

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

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

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

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

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

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

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Essay on Time Value Of Money

Time Value of Money Time Value of Money To make itself as valuable as possible to stock holders; an enterprise must choose the best combination of decisions on investment, financing and dividends. In any economy in which firms have the time preference, the time value of money is an important concept. Stockholders will pay more for an investment that promises returns over years 1 to 5 than they will pay for an investment that promises identical returns for years 6 through 10. Essentially one must determine if future benefits are sufficiently large to justify current outlays. The development of mathematical tools of the time value of money is important as the first step towards making capital allocating decisions (Malawi, 2008). …show more content…

Compounding is the arithmetic process of determining the final value of a cash flow or series of cash flows when compound interest is applied (Malawi, 2008). The following are the variables used in the mathematical modeling of time value of money : FV = Future value PV = Present value A = Annuity Value i = Interest rate n = Number of periods As an example, what is better, investing a $100 per month or investing $1200 once a year for the next 20 years at an interest rate of 5%? Using the future value of annuity relationship, FVa = A *[ ], one finds that saving on a monthly basis gains us ($41,009-$39,679) $1,330.0 after 20 years. Table 1, Example of annuity earnings for $1,000.0 (Block & Hirt, ch9 p242) Even better would be to invest the whole amount up front as "an asset with interest compounded annually: = Original Investment x (1+interest rate)^number of years" (Investopedia ULC, 2008) and let it set for 20 years as demonstrated in table 2. Where: FV = PV (1 + i)n i = interest rate = 5% = 0.05 n = number of years = number of periods = 20. PV = $24,000 Table 2, $24,000 compounded over a 20 year period. First Year $24000.00 x 1.05 = $25200.00 Second Year $25200.00 x 1.05 = $26460.00 Third Year $26460.00 x

A Raisin in the Sun: Money is Only an Object Essay

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Does money control today's society? The Younger family is an African American family in Chicago in the 1950s. The family lives in a small and ratty one window apartment. They are an “average” family who receives the proceeds from a $10,000 life insurance policy from the death of Walter Lee Sr. Everyone in the family has their own idea of what they want to do with the money, if it was up to one of them. The author's story setting is in the apartment surrounded by various conflicts, conversations and actions of the characters. The story line is only a couple of days, but in that time the author is able to show how poverty can have a negative effect on the Younger family.

Summary of Money as Debt Essay

The “Money as Debt” was created by Paul Grignon in 2006. It is the most fascinating video I have ever seen. Moreover, I am just amazed how much I have learned in just 47 minutes. This video describes how basic banking system works and answers the question where the money comes from.

Xacc 280 Week 1

The amount of money that I had spent over one week ended up totaling $100.77. To come up with the amount of money that would be spent in a year if I spent $100.77 for 52 weeks, the total would be $5,240.04. Then to determine the amount of money that would be spent over 25 years, it would be $5,240.04 multiplied by 25 years, and that would be $131,001. That is $131,001 that I spent on completely unnecessary expenses. To determine what $131,001 would equal in todays money it requires to be plugged into an equation, PV=FV/(1+i)^n . “FV” stands for the future value, that is the value that we calculated by multiplying by 25 years, $131,001. The “i” stands for the interest

Rsm 332 Study Guide

Week 1 – Introduction – Financial Accounting (Review) Week 2 – Financial Markets and Net Present Value Week 3 – Present Value Concepts Week 4 – Bond Valuation and Term Structure Theory Week 5 – Valuation of Stocks Week 6 – Risk and Return – Problem Set #1 Due Week 7* – Midterm (Tuesday*) Week 8 - Portfolio Theory Week 9 – Capital Asset Pricing Model Week 10 – Arbitrage Pricing Theory Week 11 – Operation and Efficiency of Capital Markets Week 12 – Course Review – Problem Set #2 Due

ACCT614-1403A-02 Applied Managerial Accounting

EEC calculated the amount of time involved the anticipation of its cost ($3 million). The timeline in recovering their cost of investment ($2 million) initially for the foundation of this investment any profit made in the future of this investment will be justified as a profit for the company. If EEC can anticipate a fast return on its investment it is a profitable wise decision in making the investment financial, it is considered to be an easier way of formulating investments financially. On the basis of one year all cash flows is added together equal to the sum of $2 million originally invested, then it is divided by the annual cash flow of $500,000. The calculation of the payback period would equal four years. After this time frame any financial proceeds will be considered profitable for the company. I conclude that the timeframe is adequate in comparison of the investment in this worthwhile investment financial venture for the company.

Xacc/280 Week 9 Final Paper

I would opt to take the $5,000 now, combine it with the existing saving of $10,000, and invest it at the 3% interest rate. The average 3% rate of return would produce earned interest of $463.64, which would exceed the three-year return of $250.00 by $213.64.

Time Value of Money Essay

6. You want to purchase a truck for $25,000 and you have $3,450 to put down. How much will your payments be if you financed the truck for 60 months at 6%?

Xacc/280 Week 1 Financial Analysis Paper

The interest rate of a term deposit is at 5.2% per annum. Available investment fund is $200,000. Term Deposit will yield $10,400 p.a. by using $200,000 multiply by 5.2%. However, for compounded interest rate, 5 years investment will be $257,697 (ROI = $57,697). And 10 years investment will be $332,038 (ROI = $132,038), assume that the interest rate is constant within 10 years period. The risk is considered minimal.

Money And Inflation In The 1960's Essay

1) Money and Inflation 1960's: If you have $100 Converted from 1960 to 2005 it would be equivalent to $679.09 today. Inflation is an increase in the price of goods and services in the economy in a certain period. For example, in 1960, $100 would equal $679.09 today which is a noticeably substantial change.

D-Money Essay

Several Atlanta artist exhibited skills in the art of rap. A businessman, D-Money invested in their talent. By 1999, he invested in the careers of Baby Cake, Mr. Intellect, and Jersey Boi. D-Money also invested in the career of an artist from the west coast name the Code. He brought another cat from the coast to Atlanta name Wall Street. Coincidentally, as soon as he began working with these people, a national tip hotline opened and the local, state and federal agents gained access to private video footage, photos, telephone conversations, addresses of private residences, attendance at private events and night clubs, etc.

Study Guide

A) The cash flows are in the form of a deferred annuity, and they total to $100,000. You learn that the annuity lasts for only 5 rather than 10 years, hence that each payment is for $20,000 rather than for $10,000.

Essay On Understanding The Value Of A Dollar

“Money does not grow on trees,” my father asserts to me for the millionth time. “Where is all the money I gave to you yesterday?” Not to offend anyone, but if your parents never use a phrase like this, then chances are you are spoiled. Ever since the opportunity to acquire cash became available to me, my parents have looked to cut off my financial givings as much as possible. Although it may seem detrimental having my parents cease from helping me pay for simple expenses like gas, it was one of the best things for me. Without my parent’s guidance, my financial status may be backwards like many of my fellow students today. Their influence of pushing me toward independently

d. If you do not earn any return on the investment during that first year, how much will you have saved in total in your 401K account (counting your employer contribution and your contribution)?

Money Essay : The Power Of Money In Everyday Life

Money is a precious thing and it can become challenging to not spend it immediately after getting it. It is crucial that this does not happen. There is no denying that money is an important part of society. The world revolves around money and without it, one? would not be able to function. In everyday life the average household will spend one hundred and sixty dollars daily. It is safe to say that money is an resource used daily. It is a tool that can be used to connect with other people or buy anything a person could want or need. Yet it is easy to spend money without realizing how much is really being spent. With only a few simple tips it will become much easier to save money instead of spending it on frivolous things. One’s hard-earned dollar should be saved, and simple tips such as using cash instead of cards, saving small change and only purchasing what one really needs are a few of many ways of doing this. The power of money can easily be abused and it is very important to make sure that a person is well informed on ways to save and spend money wisely.

Why Is the Investment Appraisal Process so Important?

It is expressed in time or years. It is normally defined as the period, usually expressed in years, which it takes the cash inflows from an investment project to equal the cast outflows.

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Ramón Fonseca, Cofounder of Law Firm at Center of Panama Papers, Dies

Mr. Fonseca died while awaiting the verdict in his trial for money laundering tied to the 2016 scandal exposed by a massive leak of documents from his firm.

A man wearing a dark suit, white shirt and red tie sits behind a desk with his legs crossed, and a bookshelf behind him.

By Leila Miller

Ramón Fonseca, who co-founded the law firm at the heart of the Panama Papers leak, died Wednesday night, his lawyer confirmed, while awaiting the verdict in his money-laundering trial in Panama.

Mr. Fonseca, 71, died after complications from pneumonia, his daughter, Raquel Fonseca, told the Spanish news agency EFE .

Both Mr. Fonseca and Jürgen Mossack, who together founded the Mossack Fonseca firm, stood trial in Panama last month in relation to an explosive investigation published in 2016 by a coalition of news outlets that looked at 11.5 million confidential documents from the firm. The files, leaked by an anonymous source, identified international politicians , business leaders, criminals and celebrities involved in webs of suspicious financial transactions that concealed their wealth and avoided taxes.

During the trial, which began April 8 and lasted 10 days, prosecutors alleged that the firm had created shell companies with the purpose of hiding money that came from illicit activities. A total of 29 people — former employees of the now-shuttered firm and alleged conspirators — were accused of money laundering.

Since the beginning of the scandal, Mr. Fonseca and Mr. Mossack maintained their innocence. In an interview shortly after the Panama Papers exposé broke, Mr. Fonseca said that the firm had carefully vetted its clients but that it was similar to a car factory that “is not responsible for what is done with the car” after it is sold.

Mr. Fonseca studied at the London School of Economics and later worked for several years at the United Nations in Geneva. He told The New York Times that he had been “trying to save the world.”

In 1986, he and Mr. Mossack merged their small law firms into one that would be focused on secretive offshore banking. He also became a famous novelist, twice winning a prestigious Panamanian literary prize, and served as an adviser to President Juan Carlos Varela.

The Panama Papers investigation began with a message from an anonymous whistle-blower to Süddeutsche Zeitung, a German newspaper, asking if it was interested in data. The outlet decided to share the massive leak with the International Consortium of Investigative Journalists in Washington, D.C., which put together a team of hundreds of reporters from more than 100 news organizations around the world.

The leaked files covered nearly 215,000 offshore entities and more than 14,000 banks, law firms and middlemen that worked with Mossack Fonseca. The stories by the journalism partnership began rolling out in April 2016, leading the prime ministers of Iceland and Pakistan to step down.

But in Panama, some saw the firm’s owners as victims. The country’s bar association at the time came to its defense, saying that the leak was an attempt to attack the country’s reputation.

In 2017, Mossack and Fonseca were arrested in Panama on money-laundering charges relating to a scandal in Brazil known as Lava Jato, or Car Wash, a bribery scheme involving the state-controlled oil company Petrobras. They were released on bail from prison after several months. Their firm, which at one point had more than 600 employees, closed in 2018, insisting that it hadn’t broken the law.

In the Panama Papers trial, prosecutors alleged that the firm managed shell companies with the aim of moving off-the-books money from the German electronics company Siemens that was tied to illegal payments. They also accused the firm of being involved in illicit activity connected to Argentina.

It is unclear when the judge will hand down verdicts. She is also expected to issue a decision on a trial that took place last summer in the Lava Jato case that also implicated the firm.

Mr. Fonseca had been hospitalized throughout the Panama Papers trial. His daughter told EFE that the scandal had caused his health to deteriorate.

“All of this political persecution, all of the injustices greatly affected his physical health,” she said.

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essay on time of money

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Longtime Clinton Adviser Sounds The Alarm With ‘Biden Is Doing It All Wrong’ Essay

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A longtime adviser to former President Bill Clinton has spelled out what he believes could cost President Joe Biden victory in the 2024 election.

Mark Penn suggested in an essay for The New York Times — titled “ Biden Is Doing It All Wrong ” — that the president should stop pandering to his “political base on the left” and “chart a different course” if he wants to beat presumptive GOP presidential nominee Donald Trump in November.

“By pitching too much to the base, he is leaving behind the centrist swing voters who shift between parties from election to election and, I believe, will be the key factor deciding the 2024 race,” Penn wrote of Biden.

“If Mr. Biden wants to serve another four years, he has to stop being dragged to the left and chart a different course closer to the center that appeals to those voters who favor bipartisan compromises to our core issues, fiscal discipline and a strong America,” he argued.

Biden is currently polling slightly behind Trump .

The president is “not reaching out to moderate voters with policy ideas or a strong campaign message,” and although “the 2024 election is a rematch” between Biden and his quadruply indicted predecessor, Biden’s victory in battleground states is anything but guaranteed, Penn said.

Biden could “still move more to the center, hoover up swing voters who desperately want to reject Mr. Trump, strengthen his image as a leader by destroying Hamas, and rally the base at the end,” he continued. “But that means first pushing back against the base rather than pandering to it, and remembering that when it comes to the math of elections, swing is king.”

Read the full essay here .

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Witness testimony in Trump's hush money trial wraps for the day

From CNN's Kara Scannell, Lauren Del Valle, Jeremy Herb and Sabrina Souza in the courthouse

Witnesses walk through how bills were paid at Trump Org. Here’s what happened in court and why it matters

From CNN's Elise Hammond

Jeffrey McConney, right, testified on Monday. He was a longtime Trump Organization controller.

In the hush money trial against the former president, prosecutors called two witnesses Monday who worked in accounting in the Trump Organization: Jeffrey McConney , a former Trump Org. controller, and Deborah Tarasoff , an accounts payable supervisor.

McConney walked the jury through the paper trail that showed how executives organized and paid back Michael Cohen for the money he sent to Stormy Daniels’ attorney. This is important because at the heart of the trial — the falsification of business records — are the payments to Cohen, which were listed as retainer fees.

Tarasoff described in more detail how checks were paid at the organization and when Trump’s approval was needed for payments.

Here’s what happened in court today:

Jeffrey McConney

  • McConney testified that he had a conversation with Allen Weisselberg , former chief financial officer of the Trump Org., about a need to “reimburse” Cohen . McConney then showed jurors 12 checks, each for $35,000 , that were paid to Cohen in 2017. Cohen sent invoices for those checks and asked that the payments be listed as part of a “retainer agreement.” As previous testimony in the trial revealed, there was no actual retainer for Cohen.
  • McConney also explained to the jury why Cohen was paid $420,000 in all and how each check was cut, first from Trump's revocable trust and then from his personal account .
  • The jury also saw business records relating to the payment to Cohen that are tied to several of the 34 falsifying business records charges against Trump. The records show several rows and columns organized to record the payments.
  • On cross-examination, Trump attorney Emil Bove questioned McConney about his knowledge of Trump's role in these payments. "President Trump did not ask you to do any of the things you described?" Bove asked. "He did not," McConney testified. He said he was told to do this work by Weisselberg. McConney also said he did not know if Cohen did legal work for Trump in 2017.

Deborah Tarasoff, who works in the Trump Organization accounting department, is questioned on Monday.

Deborah Tarasoff

  • As accounts payable supervisor, Tarasoff said she would get an approved invoice , enter it into the system, cut the check and get it signed. Tarasoff testified that Trump or his sons needed to approve invoices of more than $10,000 and Trump was the only person who authorized checks from his personal account , including during his presidency.
  • Tarasoff said Trump would sign the checks by hand. She said they were signed in black Sharpie . Tarasoff said Trump did not always sign the checks, even when Weisselberg approved them. He would “write 'void' and send it back,” she noted.
  • Before Trump was president, Tarasoff testified that she “ would cut the check , put it with the backup and bring it over to Rhona (Graff) who would bring it in to Mr. Trump to sign,” referring to Trump’s former longtime assistant. The invoices and the checks were stapled together, she said, with the check on top of the invoice. When Trump became president, Tarasoff said they would mail checks to the White House .
  • The jury was shown the voucher form that said "retainer" in the description line that Tarasoff said she obtained from the invoice. Tarasoff also confirmed each of the $35,000 checks with Trump’s signature were sent to Cohen.
  • On cross-examination, she acknowledged that she was not present for conversations between Trump and Weisselberg about the payments. She also said she worked with Trump's children Eric, Don Jr. and Ivanka Trump, over the years. Tarasoff still works for Trump Org., which means she works for Eric Trump, who was also in the courtroom today.

What’s next: Prosecutor Joshua Steinglass estimated they still need about two weeks from tomorrow to make their case. He stresses that's a very rough estimate. The defense will also get an opportunity to call its witnesses after that if they choose.

Judge Juan Merchan ruled that Trump again violated his gag order for his comments about the jury.

Gag order hearing: Judge Juan Merchan  found Trump in contempt  for violating the gag order again, specifically concerning comments he made about the makeup of the jury in this case. Prosecutors had alleged Trump violated the gag order on four separate occasions . The judge ruled that the three other comments did not violate the order. "Going forward this court will have to consider a jail sanction," Merchan said, noting the $1,000 fine is not stopping him, but he told Trump “incarceration is truly a last resort .”

Remember: Trump faces 34 counts of falsifying business record s. Each criminal charge relates to a specific entry among the business records of the Trump Organization, according to the indictment . Prosecutors allege that Trump allegedly disguised the transaction to Daniels as a legal payment and falsified business records numerous times to “promote his candidacy” in the 2016 election.

Prosecutors roughly estimate they need about two more weeks to make their case

Judge Juan Merchan asks the prosecution how they're doing on timing for making their case.

Prosecutor Joshua Steinglass says they're doing "well," but estimates they still need about two weeks from tomorrow. He stresses that's a very rough estimate.

Trump tapped defense attorney Todd Blanche's arm as Steinglass made the estimation.

What Deborah Tarasoff said in just over an hour of testimony

From CNN's Kara Scannell, Lauren del Valle, Jeremy Herb and Sabrina Souza

Deborah Tarasoff, who worked in the Trump Organization accounting department, testifies on Monday.

Deborah Tarasoff, an employee in the Trump Organization’s accounting department, testified for just over an hour Monday about the check-writing process at the company.

Tarasoff helped arrange the 12 checks for $35,000, each signed by Donald Trump and sent to former attorney Michael Cohen in 2017 as reimbursement for the $130,000 hush money payment to Stormy Daniels.

She testified that after 2015 any invoice over $10,000 had to be approved by Trump or one of his sons. When she created the checks, Trump would sign them, she testified — or, if he disapproved, he would write “void” on them, she said.

"If he didn’t want to sign it, he didn’t sign it," she said. She knew he was the one signing them because, "It was signed in Sharpie and it was black and that’s what he uses."

She testified she had no decision-making authority but followed instructions, including getting invoices approved, entering them into the system, cutting the checks and getting them signed.

On cross-examination, she acknowledged that she was not present for conversations between Trump and former Trump Org. CFO Allen Weisselberg about the payments.

Judge tells jury they'll wrap up early today

"Jurors we're going to stop a little bit early today," Judge Juan Merchan tells the jury.

The jurors are now leaving.

Tarasoff is off the stand

Trump attorney Todd Blanche just wrapped up his cross-examination of Deborah Tarasoff.

There won't be a redirect, and Tarasoff is off the stand

Tarasoff says she doesn't know what happened to Cohen checks after they were mailed but they returned signed

Trump attorney Todd Blanche also noted that Deborah Tarasoff was not present for conversations between former Trump Org. CFO Allen Weisselberg and Donald Trump.

"When Mr. Weisselberg on some of the emails or Mr. McConney told you to go ahead and pay it, generate a check, you didn’t get permission from President Trump himself, correct?" Blanche said.

"Correct," she said.

She clarified with Blanche that all the checks to Michael Cohen shown in court were signed and that she doesn't know what happened with the checks after she mailed them to the White House.

But she did receive them back in the mail signed.

Blanche follows up with more questions about invoices

Attorney Todd Blanche is asking Deborah Tarasoff if Trump was focused on getting ready to be president during the start of 2017.

"I think so," Tarasoff replies.

Blanche follows up and asks whether the requests to pay for invoices "happens all the time?" Yes, Tarasoff says.

Blanche is trying to rehabilitate earlier testimony from Tarasoff that Trump would sometimes void checks for invoices he didn't want to pay. "If he didn’t want to sign it, he didn’t sign it," she testified earlier.

Tarasoff says Trump Org. is family-run and says she's worked with Don Jr., Eric and Ivanka Trump

Deborah Tarasoff confirms to defense attorney Todd Blanche that the Trump Organization is a family-run business. She says she has worked with Trump's children Eric, Don Jr. and Ivanka Trump over the years.

Trump is fully turned 90 degrees in his chair while Tarasoff is testifying. His arm is over the back of the chair, and he's facing toward Tarasoff.

Prosecutors have finished their questioning of Tarasoff

Prosecutors have wrapped up their questioning of Deborah Tarasoff. Trump attorney Todd Blanche is now starting his cross-examination for the defense.

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Michael Cohen testifies in Trump hush money trial

By CNN's Kara Scannell, Lauren Del Valle and Jeremy Herb in the courthouse

Key takeaways from Michael Cohen's first day of testimony

From CNN's  Jeremy Herb, Lauren del Valle and Kara Scannell

Michael Cohen implicated his former boss  Donald Trump  in the hush money scheme to pay Stormy Daniels just days before the 2016 election, saying he doled out $130,000 at Trump’s direction and was promised reimbursement.

Cohen’s testimony ties together the prosecution’s allegations that Trump broke the law by falsifying business records to reimburse Cohen and conceal the hush money payment that Cohen said he made at Trump’s direction. Trump has pleaded not guilty and denies having an affair with Daniels.

Here are some of the key takeaways from Cohen's first day on the stand:

  • Cohen ties Trump to the Daniels hush money payment: Through roughly five hours of testimony Monday, Cohen walked jurors through how he worked with former National Enquirer editor David Pecker on Trump’s behalf during the 2016 campaign to kill negative stories; how he kept Trump apprised of his hush money negotiations with Keith Davidson, the attorney for Daniels and former Playboy model Karen McDougal; and how Trump approved and was aware of how Cohen would be falsely repaid in 2017 for the Daniels payment as legal services.
  • Cohen ties the hush money reimbursement to Trump, too: Trump is charged with 34 counts of falsifying business records – 11 invoices, 12 vouchers and 11 checks – records that prosecutors say stem from the monthly reimbursements Cohen received in 2017 for the hush money payment he made to Daniels. On Monday, jurors heard through Cohen for the first-time evidence directly connecting Trump to those reimbursements.
  • Cohen describes being Trump’s protector: As Cohen described each media story he killed and nondisclosure agreement he locked down ahead of the 2016 election, it was always in the name of protecting Trump. When it came to the settlement agreement with Daniels, Cohen said he kept control of a document revealing the identities of “David Dennison” and “Peggy Peterson” so that he could protect Trump. And he testified that he used the Essential Consultants LLC to facilitate the payment to Daniels “to protect him and to isolate him from the transaction.” Hoffinger asked Cohen whether he would sometimes bully people. Cohen confirmed he would.

Cohen is expected back in court tomorrow

Donald Trump's ex-attorney and fixer  Michael Cohen  took the stand today to testify about the  Stormy Daniels hush money payment  and Trump's  alleged involvement in the scheme .

He's expected to face more questions tomorrow. Court proceedings are expected to resume at 9:30 a.m. ET.

Michael Cohen took the stand as a key witness in Donald Trump's hush money trial. Here's what he said

From CNN's Elise Hammond

Michael Cohen answers questions from prosecutor Susan Hoffinger on Monday.

Michael Cohen took the stand on Monday in Donald Trump’s hush money trial in New York.

When he was Trump’s personal attorney, Cohen made the $130,000 payment to adult film actress Stormy Daniels before the 2016 election. He landed in federal prison  over that transaction for breaking campaign finance laws. 

Through previous witnesses’ testimony, jurors have already heard plenty about Cohen. They have painted an unflattering portrait of an aggressive, impulsive and unlikeable attorney. The former “fixer,” now a critical witness , testified about the payment and Trump’s alleged involvement.

Here’s a look at what Cohen said on the stand today:

  • Relationship with Trump: Cohen said he worked directly for Trump , not the general counsel's office at the Trump Organization. He said working with the press was a “portion” of his job and would sometimes call news outlets and ask them to redact or take articles down. Cohen testified that it was required for him to keep Trump updated about his work.
  • On the presidential run: Cohen said Trump was worried about stories about his personal life coming out as he weighed a run for president, with Trump saying, “Just be prepared there’s going to be a lot of women coming forward,” according to Cohen. He testified that he didn’t have a formal role in the 2016 campaign, but he used his press contacts to be a surrogate .
  • The doorman story: Cohen said he learned about the doorman story circulating about Trump having fathered "a love child” and testified Trump told him to “handle it.” He confirmed that the strategy was to take the story “off the market” for $30,000, and Trump was grateful it wouldn’t be published. Cohen said he went to Trump to tell him the agreement was completed , as well as to get credit for executing it. 
  • Karen McDougal: He said Trump told him to make sure the story about former Playboy model Karen McDougal didn’t get released, which he believed meant acquiring it . Cohen recounted a call with Pecker and Trump about the story. When Cohen told Trump the cost of controlling the McDougal story, Cohen testified Trump said, “No problem, I’ll take care of it.” Later, David Pecker, former CEO of the National Enquirer’s parent company, spoke to Cohen and insisted on being reimbursed .
  • "Access Hollywood" tape: When he learned about the video , released by the Washington Post, Cohen said he wanted to "ensure" things were being taken care of properly and that Trump would be protected . He testified that it was Melania Trump’s idea to say the language in the video “was locker room talk.” Cohen recalled thinking the tape would impact women voters.
  • Stormy Daniels: When he initially told Trump about the Stormy Daniels story, Cohen testified that Trump said, “Women are going to hate me” and that it would be “a disaster for the campaign.” Cohen said his former boss told him to work with Pecker to “take care of it.” As the agreement unfolded, Cohen said he kept Trump informed on the deal with Daniels.
  • Timing of Daniel’s payment: Trump wanted the situation with Daniels to be under wraps until after the election “because if I win, it will have no relevance because I'm president. And if I lose, I don't even care,” Trump said, according to Cohen.
  • Making the payment: Cohen said he spoke with Trump twice to get his sign-off before making the payment to Daniels using a company he created , Essential Consultants LLC. He said he would have never gone forward to the bank without Trump’s approval. He testified he also let Trump know he signed the agreement with Daniels.
  • Repayment to Cohen: Trump Organization CFO Allen Weisselberg told Cohen he would be paid $420,000 for Daniel’s payment over 12 months . He testified that the payment series set up for future legal services was actually a reimbursement .

Trump rails against judge and says there's no crime in remarks outside of Manhattan courthouse

From CNN's Maureen Chowdhury

Former President Donald Trump speaks to the press on Monday afternoon.

Donald Trump slammed Judge Juan Merchan and called the hush money trial a "scam" as he left the Manhattan courthouse on Monday.

“This is a scam, I think it’s it’s terrible thing that’s happening to democracy in this country,” Trump said. He then called the case a "rigged deal" and Merchan "conflicted." 

He went on to read comments made by his allies regarding the case.

“There’s no fraud here, there’s no crime here," Trump said.

Trump's motorcade leaves the courthouse

Donald Trump's motorcade has left the courthouse. His car slowed down so he could wave and flash a thumbs up to supporters gathered outside.

Testimony in Trump's trial continues tomorrow.

Afternoon sketches show Michael Cohen on the stand as his former boss sits nearby in court

From CNN Digital's Photo Desk

Michael Cohen is questioned by prosecutor Susan Hoffinger on Monday as former President Donald Trump and Judge Juan Merchan look on.

Sketch artists Christine Cornell and Jane Rosenberg have been providing us with courtroom perspectives throughout the trial as cameras are not allowed inside during proceedings.

Here are some of their latest sketches from Michael Cohen’s testimony Monday afternoon:

Prosecutors began questioning Cohen about Stormy Daniels on Monday afternoon.

More sketches from Cohen's testimony can be seen here .

The final moments today in the courtroom: Trump stacks his papers and Cohen nods toward jurors

As Judge Juan Merchan gives his daily instructions to the jury, Donald Trump is stacking up his papers and whispering with attorney Todd Blanche.

His hands are folded on the table and he then flips through the papers one more time.

Michael Cohen, for his part, pans the courtroom and then looks down at his hands as Merchan is speaking.

Cohen gives a small smile and nods toward the jurors as Merchan dismisses them for the day.

The key points of Michael Cohen's testimony about how he was reimbursed for the hush money deal

From CNN's Eric Levenson

Michael Cohen is questioned by prosecutor Susan Hoffinger on Monday. Manhattan District Attorney Alvin Bragg is in the foreground.

Michael Cohen finished the day’s testimony by explaining how he, former Trump Org. CFO Allen Weisselberg and Donald Trump agreed to reimburse him for the $130,000 hush money payment to Stormy Daniels.

After Trump won the election, Cohen pitched Trump on a set up in which he would serve as Trump’s personal attorney for free but would be paid by companies hoping for insights on Trump.

In early January, Cohen went to Weisselberg about being reimbursed for the $130,000 payment, and Weisselberg agreed, Cohen testified. He showed Weisselberg the wire transfer document, and Weisselberg took handwritten notes calculating what Trump owed Cohen based on their conversations.

Weisselberg suggested Cohen take the money as income rather than as untaxed reimbursements, Cohen testified. "I didn’t really think about it. I just wanted to get my money back,” he said.

According to Cohen, they agreed that Trump would pay him $420,000 in all: $130,000 to reimburse him for the payment to Daniels, $50,000 to reimburse him for unrelated tech services, $180,000 to account for estimated taxes and a $60,000 bonus. The payments would be made over 12 months “as like a legal service rendered since I was then going to be given the title of personal attorney to the president,” Cohen testified.

They presented the plan to Trump, and he approved it, Cohen said. The payments were designed to look like future legal services, but they were actually reimbursement for the Daniels’ deal, he testified.

Cohen never actually put together a retainer agreement for any future work he'd do for Trump, “because I knew there was going to be no compensation,” he testified.

Court is breaking for the day

The court is breaking for the day and the jury is leaving the courtroom.

Donald Trump's ex-attorney Michael Cohen is expected to continue to be questioned by prosecutor Susan Hoffinger tomorrow.

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Book Review: Memoirist Lilly Dancyger’s penetrating essays explore the power of female friendships

In 2021 Lilly Dancyger’s first book, “Negative Space,” was praised for its unflinching portrait of her father’s heroin addiction

Who means more to you — your friends or your lovers? In a vivid, thoughtful and nuanced collection of essays, Lilly Dancyger explores the powerful role that female friendships played in her chaotic upbringing marked by her parents’ heroin use and her father’s untimely death when she was only 12.

“First Love: Essays on Friendship” begins with a beautiful paean to her cousin Sabina, who was raped and murdered at age 20 on her way home from a club. As little kids, their older relatives used to call them Snow White and Rose Red after the Grimm’s fairy tale, “two sisters who are not rivals or foils, but simply love each other.”

That simple, uncomplicated love would become the template for a series of subsequent relationships with girls and women that helped her survive her self-destructive adolescence and provided unconditional support as she scrambled to create a new identity as a “hypercompetent” writer, teacher and editor. “It’s true that I’ve never been satisfied with friendships that stay on the surface. That my friends are my family, my truest beloveds, each relationship a world of its own,” she writes in the title essay “First Love.”

The collection stands out not just for its elegant, unadorned writing but also for the way she effortlessly pivots between personal history and spot-on cultural criticism that both comments on and critiques the way that girls and women have been portrayed — and have portrayed themselves — in the media, including on online platforms like Tumblr and Instagram.

For instance, she examines the 1994 Peter Jackson film, “Heavenly Creatures,” based on the true story of two teenage girls who bludgeoned to death one of their mothers. And in the essay “Sad Girls,” about the suicide of a close friend, she analyzes the allure of self-destructive figures like Sylvia Plath and Janis Joplin to a certain type of teen, including herself, who wallows in sadness and wants to make sure “the world knew we were in pain.”

In the last essay, “On Murder Memoirs,” Dancyger considers the runaway popularity of true crime stories as she tries to explain her decision not to attend the trial of the man charged with killing her cousin — even though she was trained as a journalist and wrote a well-regarded book about her late father that relied on investigative reporting. “When I finally sat down to write about Sabina, the story that came out was not about murder at all,” she says. “It was a love story.”

Readers can be thankful that it did.

AP book reviews: https://apnews.com/hub/book-reviews

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essay on time of money

What is a budget surplus? What time does the federal budget speech start? Where can I watch it?

The federal government is releasing its budget tonight. 

And while this will inevitably involve a lot of political talk, it will also either directly or indirectly affect your finances. 

Here's what to expect and what it could mean for you. 

Not sure what the budget is all about? Tap the link below for a quick rundown, otherwise, just scroll past the link.  

What is the federal budget?

What time is the federal budget speech.

Treasurer Jim Chalmers's speech is broadcast live from Parliament House in Canberra at:

  • 7:30pm AEST: ACT, New South Wales, Queensland, Tasmania and Victoria 
  • 7pm ACST : Northern Territory and South Australia
  • 5:30pm AWST: Western Australia 

Where can I watch the federal budget speech?

It'll be broadcast on free-to-air television on ABC TV  as well as on the  ABC News Channel . 

You can also stream it on ABC iview .

And you can watch the ABC News live stream via the ABC News website by clicking "watch live" at the top of the page. 

We'll also be blogging the whole thing live on the ABC News website, which will have a live stream of the speech at the top of the article. 

Where can I read the budget papers?

On the federal government's 2024-25 budget website . 

There's only a countdown clock on there at the moment, but we're expecting it to be updated this evening.  

What's in this year's budget?

Mr Chalmers has used words such as "sensible" and "responsible" to describe the new budget , saying there are no "slash and burn" cuts but there is also no spending "free-for-all".

Here are a few things we know about the budget already:

  • Student debt changes: The federal government wants to change how tertiary education loans are indexed , proposing a backdated scheme that would reduce the amount debts increased by and see some students get refunds from what they paid last year
  • Short-term cost-of-living relief: Mr Chalmers says some cost-of-living relief is coming but he hasn't gone into detail about it yet. He says it "won't be identical to what we've seen in the past but it will be substantial"
  • Changes to the tax brackets:  Dubbed the stage three tax cuts, they are something we've known about for months but  won't come into effect until July . Basically, Australia's tax brackets will change slightly, as will tax rates , benefiting both lower and higher-income earners

And expect to hear a lot about a budget surplus — something any government likes to make a big song and dance about. 

What is a budget surplus?

A budget surplus means  the government makes more money than it has spent . 

Specifically, we're going to be hearing about the government delivering a $9.3 billion surplus for the current financial year.  

In very simple terms, it's the federal government's plan for how it'll collect and spend money in the coming financial year.

And this plan will impact your financial situation in one way or another, so it's quite important. 

The government details this plan in a set of documents called the budget papers, which are hundreds of pages long and will be up for public viewing tonight. 

Before the papers are officially published, the treasurer – a position currently held by Jim Chalmers – makes a speech in parliament summarising the plan. 

It's a long speech, typically taking about half an hour. 

And, generally speaking, these speeches talk up the positive points the government of the day wants to promote and gloss over the negatives. 

That's why we have a team of journalists who will be combing through the nitty-gritty details of the budget papers to suss out the real-world impacts of these plans. 

How does the federal budget impact me?

The budget shapes how our economy functions so its ripple effects have an impact on all of us whether you're a taxpayer or not. 

But specific measures will impact certain groups of people more than others.

A good way to get a quick glimpse of these impacts is by reading what we call our winners and losers list, which sums up which groups will benefit the most from the new plan. We'll publish this later this evening. 

When is the new financial year?

July 1. 

That's about seven weeks away. 

When is tax time?

Not for another seven weeks. 

Technically, you can submit your tax return on July 1 , but you have more than 17 weeks to do it. 

When are tax returns due?

October 31 . 

But that's only if you're doing it yourself. 

If you're going through a tax agent, you have to book you appointment before October 31 — but that doesn't mean your appointment has to be before October 31. 

Take me back to the top!

COMMENTS

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