money plays an important role in our life essay

Why Money Is Important And The Role It Plays in Our Lives

By Todd Kunsman

Financial Independence

Published on May-17-2021

Updated on Apr-11-2022

At some point, you may wonder why money is important and start to analyze the role it plays in your own life. 

And our society has plenty of different viewpoints when it comes to money and happiness, how much money is truly enough, and how to better with money. 

I’m sure you have heard many of the different sayings about money too, whether funny or to hit a particular point to make you think. 

You know the ones, like: 

• “Money doesn’t buy happiness.” – Proverb
• “Money is the root of all evil.” – 1 Timothy 6:10
• “Having money isn’t everything, not having it is.”  – Kanye West

But you’ve probably heard many proverbs, famous quotes, or other sayings from people around you. And while there may be some truth to not let money dictate your entire life and choices, money IS important.

Why Is Money So Important?

The reason money is so important is that it provides options for you to live a better life that you choose and puts you in control. Having money and being comfortable with finances also gives you freedom and options to decide how you want to live and support the things you care most about in your life. 

And yes, it’s true that money cannot necessarily buy you complete happiness forever and greed can make people do terrible things. Look what the hunger for more wealth and money did to Bernie Madoff and how he ruined the many families who invested with him. 

But while there is truth to some of the negative connotations to money, ultimately you have the strength to dictate how you use money and if you let it control you. 

Money is not everything in this world, but it can be powerful in helping you achieve your goals and let you make the best of the short life we all have. 

The Real Benefits of Money

While your whole life does not need to focus on money and accumulating wealth , it is still important to dedicate your time to understanding it and building a strategy.  

Look, we all know that more money means you can generally afford a fancier lifestyle, bigger homes, better vacations, and flashier cars. But those material items are not the real benefits of having money and the temporary excitement from those items quickly wanes.

So why is money important? 

Money Gives Your Freedom

Money is important because it gives you the freedom to do what you want, when you want, where you want. Sometimes we call this “ FU Money ,” which means you reach a point where you can just walk away from a job you hate and are not reliant on anyone’s financial support. 

Do you have hobbies you want to pursue? A dream to start your own business? Money gives you the freedom to explore those areas and take a bit of risk. 

Money Gives You Options  

Being able to make choices and have options is one of the best feelings in the world. Knowing you are stuck in a particular situation because you need the money or financial help is frustrating, so removing that from your life is a great relief.  

When you have money, you control what you want or don’t want to do. Want to have a different career? Want to move to a different state or country? Want to travel somewhere new for vacation? Do it. 

Money Creates Financial Security  

One of the most powerful feelings you can have is knowing you do not need to worry about money.  Financial stress is a common problem among people and families, which can lift a huge burden. 

Whether you lose your job or some economical turmoil happens, you aren’t worried about paying bills, paying to see a doctor for medical reasons, or wondering where your next meal will come from.

Having money and having a financial plan creates more security for you and your family. 

Money Can Create More Life Experiences

Life is short and goes by fast, which means you should want to experience the best things life has to offer while you are here. 

Hoarding money and never experiencing anything is a waste, afterall you can’t take the money with you to the grave! While that might not paint a pretty picture, it’s completely true. 

When you have money, it creates opportunities for you to get more out of life, travel the world, try new things, and get out of your own bubble of where you live. This can also help drive more happiness overall as you are experiencing more that life has to offer. 

Money Helps You Give Your Family More

While generational wealth can be a good thing, there is a fine line of instilling in your children good values and work ethic beyond just handing money over to them. 

But money matters because you can provide your family with better education opportunities, better healthcare, and a better start in life overall. 

There are plenty of children that become spoiled and it creates unrealistic expectations of money while growing up. But that’s where teaching them about money and not giving them every little luxury without hard work will be key. 

Money Lets You Give Back

At some point, you may reach a level of income or financial freedom where you can afford to give back. Helping out charities, your local community, or other causes is a great feeling and it can create happiness when you are helping others.

Yes, there are also some tax incentives when you donate to charities, but hopefully, that would not be your main driver to give back. 

Those are some of the main reasons money is important and should be things you think about in your own pursuit of financial independence. But I’m sure there are other reasons money might be important to you as well. 

The Negative Side of Money

While there are plenty of benefits to having money, there are negatives to it as well. Focusing your energy on making money, saving, and investing is important but it’s a careful balance to not let it consume every little decision you make. 

Obsessing Over Money Causes Problems 

While we may all strive for money or financial peace, obsessing over money and making money can really cause problems in your life.

When you focus all your time on money and trying to acquire more of it, you can end up destroying your relationships with family and friends. It can also lead you down a path of unethical behavior (see once again, Bernie Madoff) or criminal activities just to get more money.

Having an obsession with money is a destructive disorder that can ruin your life and others. Sure, you may have all the money in the world, but if you trampled over everyone, who is going to be next to you enjoying life? No one or not anyone that you would trust to genuinely care about you and not your wealth.

Making Money Can Cause More Stress 

Not only can money help reduce financial stress, but it can also cause more unwanted stress too. Funny how that works, ain’t it?

For those where money is never enough, no matter how much they have — it actually can create more stress.

You find yourself working crazy hours every week, spending every waking moment thinking about money, and even getting anxious over your efforts for more. That stress not only takes a toll on your mental and physical health but affects those around your like family and co-workers.

Can Create More Family Disagreements 

In a MarketWatch article , they mentioned that TD Ameritrade found that 41% of divorced Gen Xers and 29% of Boomers say they ended their marriage due to disagreements about money.

While these numbers are just a few years old, money continues to be a common cause for disagreements and arguments among spouses and families.

If you are not on the same page with your spouse or family, money will certainly be a common friction point. And you certainly won’t be in agreement ALL the time, but having similar values and thoughts about money can limit the disagreements.

How Much Money Is Enough?  

As you can see from above, there is nothing wrong with the pursuit of financial independence and money. But there can be downsides as well.

The issue begins when you let greed consume you and find yourself doing whatever it takes to make more money. This is when you start to hurt people, alienate friends and family, and end up in a self-destructive path. 

The question you have to truly ask yourself is how much money is enough? 

For many looking to pursue financial freedom , that number of how much is enough comes to 25x of yearly expenses. So say your expenses are $30,000 per year, you’d ideally want to have $750,000 saved and invested. 

This is the best baseline when evaluating why money is important to you and how much should be enough. It’s a good goal and amount where you can live happily and be comfortable in life. 

For some people, that 25x goal seems like more than enough, not everyone needs to be like Warren Buffett or the next Jeff Bezos. And for others, they would never be satisfied with that amount.

Happiness fades after a certain amount 

It’s a great idea to have a budget, financial goals, and maybe a net worth number you are striving to achieve. That’s never a bad thing! 

But often it’s easy to get into a whirlwind of bad spending habits or needing more and more, never being satisfied with what you have. 

In a fascinating research topic, High income improves evaluation of life but not emotional well-being by Daniel Kahneman and Angus Deaton, the authors explore the impact of money on your overall well-being. 

Essentially, the key findings from their research were that money can keep increasing satisfaction up to any amount, but money only has an affect on your overall happiness up to an annual income of $75,000. 

While the research goes much more in-depth and is from 2010, something to keep in mind as you pursue money and think about your finances. 

Final Thoughts

Health and family are some of the most important things in life. If you have those two things, then you are living a pretty rich life. But there is no denying the importance of money and that it can create better life opportunities.

Naturally, money won’t solve all your problems and if you were an unhappy person prior to money, then gaining some wealth may only be a temporary solution. 

The real opportunity is to find the right balance where you see money as important, but a tool that can help you create better life experiences and opportunities.

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Importance of Money Essay - 100, 200, 500 Words

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

100 Words Essay On Importance Of Money

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

200 Word Essay On Importance Of Money

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

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

500 Word Essay On Importance Of Money

Creation of money.

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

Origin of money

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

Types of Money

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

Properties of money

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

Basic Need For Money

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

Uses of money

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

We can use it to live.

We can give it.

We can pay taxes.

We can repay debt and

We can save or grow it.

Power Of Money

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

Impact Of Money

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

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

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

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

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

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

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

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

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

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A Safety Manager is a professional responsible for employee’s safety at work. He or she plans, implements and oversees the company’s employee safety. A Safety Manager ensures compliance and adherence to Occupational Health and Safety (OHS) guidelines.

Conservation Architect

A Conservation Architect is a professional responsible for conserving and restoring buildings or monuments having a historic value. He or she applies techniques to document and stabilise the object’s state without any further damage. A Conservation Architect restores the monuments and heritage buildings to bring them back to their original state.

Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

Highway Engineer

Highway Engineer Job Description:  A Highway Engineer is a civil engineer who specialises in planning and building thousands of miles of roads that support connectivity and allow transportation across the country. He or she ensures that traffic management schemes are effectively planned concerning economic sustainability and successful implementation.

Field Surveyor

Are you searching for a Field Surveyor Job Description? A Field Surveyor is a professional responsible for conducting field surveys for various places or geographical conditions. He or she collects the required data and information as per the instructions given by senior officials. 

Orthotist and Prosthetist

Orthotists and Prosthetists are professionals who provide aid to patients with disabilities. They fix them to artificial limbs (prosthetics) and help them to regain stability. There are times when people lose their limbs in an accident. In some other occasions, they are born without a limb or orthopaedic impairment. Orthotists and prosthetists play a crucial role in their lives with fixing them to assistive devices and provide mobility.

Pathologist

A career in pathology in India is filled with several responsibilities as it is a medical branch and affects human lives. The demand for pathologists has been increasing over the past few years as people are getting more aware of different diseases. Not only that, but an increase in population and lifestyle changes have also contributed to the increase in a pathologist’s demand. The pathology careers provide an extremely huge number of opportunities and if you want to be a part of the medical field you can consider being a pathologist. If you want to know more about a career in pathology in India then continue reading this article.

Veterinary Doctor

Speech therapist, gynaecologist.

Gynaecology can be defined as the study of the female body. The job outlook for gynaecology is excellent since there is evergreen demand for one because of their responsibility of dealing with not only women’s health but also fertility and pregnancy issues. Although most women prefer to have a women obstetrician gynaecologist as their doctor, men also explore a career as a gynaecologist and there are ample amounts of male doctors in the field who are gynaecologists and aid women during delivery and childbirth. 

Audiologist

The audiologist career involves audiology professionals who are responsible to treat hearing loss and proactively preventing the relevant damage. Individuals who opt for a career as an audiologist use various testing strategies with the aim to determine if someone has a normal sensitivity to sounds or not. After the identification of hearing loss, a hearing doctor is required to determine which sections of the hearing are affected, to what extent they are affected, and where the wound causing the hearing loss is found. As soon as the hearing loss is identified, the patients are provided with recommendations for interventions and rehabilitation such as hearing aids, cochlear implants, and appropriate medical referrals. While audiology is a branch of science that studies and researches hearing, balance, and related disorders.

An oncologist is a specialised doctor responsible for providing medical care to patients diagnosed with cancer. He or she uses several therapies to control the cancer and its effect on the human body such as chemotherapy, immunotherapy, radiation therapy and biopsy. An oncologist designs a treatment plan based on a pathology report after diagnosing the type of cancer and where it is spreading inside the body.

Are you searching for an ‘Anatomist job description’? An Anatomist is a research professional who applies the laws of biological science to determine the ability of bodies of various living organisms including animals and humans to regenerate the damaged or destroyed organs. If you want to know what does an anatomist do, then read the entire article, where we will answer all your questions.

For an individual who opts for a career as an actor, the primary responsibility is to completely speak to the character he or she is playing and to persuade the crowd that the character is genuine by connecting with them and bringing them into the story. This applies to significant roles and littler parts, as all roles join to make an effective creation. Here in this article, we will discuss how to become an actor in India, actor exams, actor salary in India, and actor jobs. 

Individuals who opt for a career as acrobats create and direct original routines for themselves, in addition to developing interpretations of existing routines. The work of circus acrobats can be seen in a variety of performance settings, including circus, reality shows, sports events like the Olympics, movies and commercials. Individuals who opt for a career as acrobats must be prepared to face rejections and intermittent periods of work. The creativity of acrobats may extend to other aspects of the performance. For example, acrobats in the circus may work with gym trainers, celebrities or collaborate with other professionals to enhance such performance elements as costume and or maybe at the teaching end of the career.

Video Game Designer

Career as a video game designer is filled with excitement as well as responsibilities. A video game designer is someone who is involved in the process of creating a game from day one. He or she is responsible for fulfilling duties like designing the character of the game, the several levels involved, plot, art and similar other elements. Individuals who opt for a career as a video game designer may also write the codes for the game using different programming languages.

Depending on the video game designer job description and experience they may also have to lead a team and do the early testing of the game in order to suggest changes and find loopholes.

Radio Jockey

Radio Jockey is an exciting, promising career and a great challenge for music lovers. If you are really interested in a career as radio jockey, then it is very important for an RJ to have an automatic, fun, and friendly personality. If you want to get a job done in this field, a strong command of the language and a good voice are always good things. Apart from this, in order to be a good radio jockey, you will also listen to good radio jockeys so that you can understand their style and later make your own by practicing.

A career as radio jockey has a lot to offer to deserving candidates. If you want to know more about a career as radio jockey, and how to become a radio jockey then continue reading the article.

Choreographer

The word “choreography" actually comes from Greek words that mean “dance writing." Individuals who opt for a career as a choreographer create and direct original dances, in addition to developing interpretations of existing dances. A Choreographer dances and utilises his or her creativity in other aspects of dance performance. For example, he or she may work with the music director to select music or collaborate with other famous choreographers to enhance such performance elements as lighting, costume and set design.

Social Media Manager

A career as social media manager involves implementing the company’s or brand’s marketing plan across all social media channels. Social media managers help in building or improving a brand’s or a company’s website traffic, build brand awareness, create and implement marketing and brand strategy. Social media managers are key to important social communication as well.

Photographer

Photography is considered both a science and an art, an artistic means of expression in which the camera replaces the pen. In a career as a photographer, an individual is hired to capture the moments of public and private events, such as press conferences or weddings, or may also work inside a studio, where people go to get their picture clicked. Photography is divided into many streams each generating numerous career opportunities in photography. With the boom in advertising, media, and the fashion industry, photography has emerged as a lucrative and thrilling career option for many Indian youths.

An individual who is pursuing a career as a producer is responsible for managing the business aspects of production. They are involved in each aspect of production from its inception to deception. Famous movie producers review the script, recommend changes and visualise the story. 

They are responsible for overseeing the finance involved in the project and distributing the film for broadcasting on various platforms. A career as a producer is quite fulfilling as well as exhaustive in terms of playing different roles in order for a production to be successful. Famous movie producers are responsible for hiring creative and technical personnel on contract basis.

Copy Writer

In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism , Advertising , Marketing Management . Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. 

Ever since internet costs got reduced the viewership for these types of content has increased on a large scale. Therefore, a career as a vlogger has a lot to offer. If you want to know more about the Vlogger eligibility, roles and responsibilities then continue reading the article. 

For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

Individuals who opt for a career as a reporter may often be at work on national holidays and festivities. He or she pitches various story ideas and covers news stories in risky situations. Students can pursue a BMC (Bachelor of Mass Communication) , B.M.M. (Bachelor of Mass Media) , or  MAJMC (MA in Journalism and Mass Communication) to become a reporter. While we sit at home reporters travel to locations to collect information that carries a news value.  

Corporate Executive

Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

Multimedia Specialist

A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

Production Manager

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

AWS Solution Architect

An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

Azure Administrator

An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

Computer Programmer

Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

Information Security Manager

Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

ITSM Manager

Automation test engineer.

An Automation Test Engineer job involves executing automated test scripts. He or she identifies the project’s problems and troubleshoots them. The role involves documenting the defect using management tools. He or she works with the application team in order to resolve any issues arising during the testing process. 

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Essay on Money Is Important for Happiness

Students are often asked to write an essay on Money Is Important for Happiness 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 Money Is Important for Happiness

Introduction.

Money is often linked to happiness. Having enough money can bring joy as it helps meet our needs and desires.

The Role of Money

Money is vital for survival. It buys food, clothes, and shelter, which are basic human needs. Without money, life becomes challenging.

Money and Freedom

Money offers freedom. It allows us to travel, explore new things, and have unique experiences, all of which can make us happy.

Money and Security

Money provides security. Knowing we have enough money to handle emergencies gives peace of mind, contributing to happiness.

While money isn’t everything, it plays a significant role in achieving happiness.

250 Words Essay on Money Is Important for Happiness

The essential role of money in achieving happiness.

Money, often portrayed as a villain, is in fact a crucial element in the pursuit of happiness. While it is not the sole determinant, it undeniably contributes significantly to our overall well-being.

Money as a Means to Meet Basic Needs

Firstly, money is essential in fulfilling our basic needs such as food, shelter, and clothing. These necessities form the foundation of Maslow’s hierarchy of needs, a psychological theory that posits the fulfillment of basic needs as a prerequisite to achieving happiness. Without money, the struggle to meet these needs can lead to stress and unhappiness.

The Freedom and Opportunities Money Provides

Secondly, money affords us freedom and opportunities. It provides the means to pursue hobbies, travel, and explore new cultures, all of which can enrich our lives and increase our happiness. Moreover, money can also enable us to pursue further education or start a business, thereby fostering personal growth and satisfaction.

Money’s Role in Alleviating Suffering

Lastly, money can help alleviate suffering. It can provide access to quality healthcare, allowing us to maintain good health and longevity. It also enables us to help others, either through charitable donations or supporting loved ones, which can bring immense joy and fulfillment.

In conclusion, while money cannot buy happiness outright, it plays a pivotal role in creating conditions conducive to happiness. Recognizing this can help us approach money with a healthier mindset, seeing it not as an end in itself, but as a tool for achieving a happier and more fulfilling life.

500 Words Essay on Money Is Important for Happiness

Money, a medium of exchange, is a crucial element of life. It is an undeniable fact that it plays a significant role in shaping up the happiness and well-being of individuals. The concept of money and happiness has been debated for centuries, with various perspectives on its importance. This essay will explore the multifaceted relationship between money and happiness, shedding light on why money is significant for happiness.

The Necessity of Money for Basic Needs

To begin with, money is necessary for meeting basic human needs, which include food, shelter, and clothing. Without money, it would be challenging to fulfill these needs, leading to a life of hardship and, consequently, unhappiness. Maslow’s hierarchy of needs supports this perspective, placing physiological needs at the base of the pyramid, which are essential for survival and can only be met through financial means.

Money as a Means to Improve Quality of Life

Beyond basic necessities, money also allows individuals to improve their quality of life. It provides access to better healthcare, education, and opportunities for self-improvement and growth. These elements contribute significantly to one’s overall happiness. Moreover, money can be used to acquire experiences that bring joy, such as travel, hobbies, or spending time with loved ones.

Financial Security and Mental Peace

Financial security, facilitated by money, is another crucial factor contributing to happiness. The absence of financial stress can lead to better mental health and overall well-being. Money can provide a safety net for unexpected situations, giving individuals peace of mind and the freedom to pursue their passions without the constant worry of financial instability.

The Limitations of Money in Achieving Happiness

While the importance of money for happiness is evident, it is essential to recognize its limitations. Research suggests that beyond a certain income level, additional money does not significantly increase happiness. This is known as the ‘Easterlin Paradox.’ Furthermore, an excessive focus on money can lead to materialism, which can negatively impact relationships and personal satisfaction.

In conclusion, money plays a crucial role in facilitating happiness by meeting basic needs, improving quality of life, and providing financial security. However, it is not the only determinant of happiness, and its pursuit should be balanced with other aspects of life, such as relationships, passions, and personal growth. Therefore, while money is important for happiness, it is not the sole ingredient and should be viewed as a tool to achieve happiness rather than the end goal.

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

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

• Essay on Money Can Buy Everything
• Essay on Importance of Saving Money
• Essay on Importance of Money

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Money controls our lives. It's time to rethink our relationship with the almighty dollar

'Materialism shouts so loudly that it overrides our caring about other things' Image:  REUTERS/Toby Melville

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This year, 1 March marks the beginning of Lent in the Western church. For many, it will be a time to give up a personal vice – numerous people opt out of chocolate or alcohol, although fasting from social networks is becoming increasingly popular. It is a time to go without, and in doing so, draw closer to the one whom Christians follow, Jesus Christ. It is an opportunity to replace something that has some control over us with the liberating relationship we can have with Jesus.

Recently, I have been spending a lot of time thinking about the control that money has over our lives. In fact, for better or worse, I wrote a book about the relationship we have with money. It is called Dethroning Mammon and will be used by some churches this coming Lent as a study book that digs a little deeper into this relationship.

To me, it seems that the more interconnected the world becomes, the more power is held over individuals and nations by economics, money and flows of finance. In so many human crises, money plays a part – it is treated as both the problem and the solution. In the Gospels, the name Jesus gives to this force is Mammon.

Spending time at the World Economic Forum with people who lead countries, international organizations and corporations, is deeply enjoyable and educational. The theme of the 2017 Annual Meeting , Responsive and Responsible Leadership, offers an opportunity to reflect on how our personal and corporate attitudes to money and economics affect how we see the world and those with whom we share it.

The problem with materialism is not that it exists, but that it dominates. It shouts so loudly that it overrides our caring about other things. This is demonstrated particularly in how we measure things and ascribe value. If we can’t measure something, then there is a tendency not to value it as much as something that is easily measurable.

A book that is a particular favourite of mine is The Shield of Achilles by Philip Bobbitt. In it, amongst other things, he charts the evolution of the state. One of his most perceptive theses is that we no longer live in an age of the nation state, but rather of the market state. In the market state, the success or failure of the state and its government is measured entirely by the capacity to consume more or less. Economics is an end in and of itself, rather than a tool by which we pursue the common good.

As I have been thinking and writing about these matters, I have actively tried to avoid the typically negative attitude towards money that is often found in the church. Supply and demand, risk and reward, the gift of the free market to agreeably locate goods, the need for balance in the flows of money within the economy – all continue to be relevant. But they are not God.

Money itself isn’t negative or bad, but our attitude towards money can certainly have a deeply negative impact on our relationships and priorities.

The challenge, then, is to be increasingly aware of how money affects us as individuals, as well as at a systemic level. Very often, the more we have or are responsible for, the harder we have to work at maintaining this awareness and building habits into our lives that dethrone the emotional and ethical control that economics or money holds over us.

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World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

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The Importance of Money: Exploring its Role in Society and its Impact on Happiness and Success

Article 29 Apr 2023 2498 0

Money is a fundamental aspect of modern society, serving as a means of exchange and a measure of value. It plays a crucial role in our daily lives, affecting everything from our ability to meet basic needs to our opportunities for personal growth and achievement. But what impact does money have on our overall well-being? Can money buy happiness? And how important is it in achieving one's goals? This article will explore these questions and more, delving into the complex relationship between money and happiness/success.

The Role of Money in Modern Society

Money is a symbol of power and status, and its importance in society is undeniable. It allows us to purchase goods and services, invest in our futures, and achieve our goals. Money also serves as a measure of success, as we often equate financial wealth with achievement and accomplishment. In short, money plays a central role in our lives, providing us with opportunities and resources that shape our experiences and shape our identities.

The Relationship Between Money and Happiness

One of the most commonly debated topics in personal finance is the relationship between money and happiness. Can money buy happiness, or is it true that money cannot bring true fulfillment? The answer is not straightforward. While money can improve overall life satisfaction up to a point, the relationship between income and emotional well-being is weak beyond a certain income threshold.

According to a study by Daniel Kahneman and Angus Deaton, the ideal income for emotional well-being is around $75,000 per year. Beyond this point, additional income does not significantly impact life satisfaction or emotional well-being. In fact, the pursuit of money beyond this threshold may even have negative effects on our well-being, leading to a focus on material possessions and status that detracts from more fulfilling aspects of life.

The Changing Value of Money Over Time

The value of money is not constant, and it can fluctuate over time due to a variety of economic and social factors. Inflation, for example, reduces the purchasing power of money over time, meaning that the same amount of money can buy less goods and services in the future than it can today. Changes in technology and global economic trends can also impact the value of money, as new industries and markets emerge and existing ones become obsolete.

Understanding the changing value of money is crucial for making informed financial decisions and planning for the future. It also highlights the importance of investing in assets that can retain their value over time, such as real estate or precious metals.

The Psychological Effects of Money

Money can have a significant impact on our psychological well-being, influencing our motivations, decision-making, and overall sense of happiness and fulfillment. Research has found that people who prioritize extrinsic goals, such as wealth and status, tend to be less satisfied with life and experience more negative emotions than those who prioritize intrinsic goals, such as personal growth and relationships.

The pursuit of money can also lead to a range of negative psychological effects, including materialism and greed. A focus on accumulating wealth at all costs can detract from other important aspects of life, such as health, relationships, and personal fulfillment.

Real-Life Examples and Case Studies

The impact of money on our well-being is illustrated by numerous real-life examples and case studies. For instance, consider the story of a successful entrepreneur who pursued wealth at the expense of his health and relationships, only to realize too late that true happiness cannot be bought with money. His experience highlights the importance of prioritizing personal well-being over financial success, as well as the potential downsides of a money-focused mindset.

Another example is the rise of minimalist lifestyles and anti-consumerism movements, which reject the notion that happiness and fulfillment can be found through material possessions. These movements emphasize the importance of focusing on experiences and relationships rather than accumulating possessions and wealth. For some people, this approach has led to greater contentment and a sense of purpose beyond material possessions.

However, it is important to note that money does play a significant role in modern society. It provides individuals with the means to access basic necessities such as food, housing, and healthcare, as well as opportunities for education, travel, and personal growth. Furthermore, financial stability and security can alleviate stress and anxiety, allowing individuals to focus on other aspects of their lives.

In terms of achieving success, money can provide individuals with the resources needed to pursue their goals and aspirations. For example, starting a business often requires significant financial investment, and having access to capital can be the difference between success and failure. Similarly, pursuing higher education or a particular career path may require financial resources for tuition, training, or networking opportunities.

However, the relationship between money and success is not always straightforward. While financial resources can provide opportunities, they do not guarantee success. Success also depends on factors such as hard work, talent, and luck. Additionally, success can be defined in many different ways, and material wealth is just one aspect of a fulfilling life.

When it comes to the changing value of money over time, there is no doubt that inflation and other economic factors can impact the purchasing power of currency. However, the value of money also depends on individual perspectives and priorities. For example, a certain amount of money may be worth more to someone who values financial security and stability, while another person may prioritize experiences and relationships over financial resources.

The psychological effects of money are also complex and multifaceted. On the one hand, having financial resources can provide individuals with a sense of security and control over their lives. However, a money-focused mindset can also lead to negative outcomes such as materialism and greed. Research has found that people who prioritize extrinsic goals, such as wealth and status, tend to be less satisfied with life and experience more negative emotions than those who prioritize intrinsic goals, such as personal growth and relationships.

One example of the potential downsides of a money-focused mindset is the story of a successful entrepreneur who pursued wealth at the expense of his health and relationships, only to realize too late that true happiness cannot be bought with money. This illustrates the importance of finding a balance between financial success and other aspects of life.

In conclusion, money plays a central role in modern society, but its impact on happiness and success is complex and multifaceted. While financial resources can provide opportunities and alleviate stress, a money-focused mindset can also lead to negative outcomes such as materialism and greed. Therefore, it is important to find a balance between financial success and other aspects of life, such as relationships, personal growth, and well-being. As Zig Ziglar famously said, "Money is not everything, but it is a lot."

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Money Essay | Importance and Benefits of Money Essay in English

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

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

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

Short Essay on Money 300 Words in English

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

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

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

Importance of Money

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

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

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

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

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

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

Advantage from Money

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

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

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

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

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

FAQ’s on Money Essay

Question 1. What is the requirement for money?

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

Question 2. What are the benefits of money?

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

Question 3. How can we earn money?

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

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

Economic Sociology & Political Economy

The global community of academics, practitioners, and activists – led by dr. oleg komlik, the role of money in social life: morality and power in the world of the poor.

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• School Education /

Essay On Money: 100, 250 Words Samples

• Updated on  
• Nov 9, 2023

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

Table of Contents

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

Also Read: Essay on Chandrayaan – 3

What is Money?

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

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

Learn Why Financial Literacy is Important for Students.

Why is Money So Important?

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

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

Also Read: Essay on National Unity Day 

Essay on Money in 100 Words

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

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

Essay on Money in 250 Words

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

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

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

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

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

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

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

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

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Home — Essay Samples — Economics — Money — Importance of Money Management and Financial Literacy for Students

Importance of Money Management and Financial Literacy for Students

• Categories: Literacy Money Personal Finance

About this sample

Words: 1537 |

Published: Aug 14, 2023

Words: 1537 | Pages: 3 | 8 min read

Table of contents

Importance of financial literacy and financial education, how other countries apply financial literacy, what can be done within our current school systems, my own financial literacy level.

• Anderloni, L. and Vandone, D. (2010), “Risk of overindebtedness and behavioral factors”, Working Paper No 25, Social Science Research Network, Santa Monica, CA.
• ASIC (2011), “National financial literacy strategy: Australian securities & investment commission Report No. 229”, available at: www.financialliteracy.gov.au/media/218312/national-financialliteracy-strategy.pdf (accessed 23 October 2016).
• Atkinson, A. and Messy, F. (2012), “Measuring financial literacy: results of the OECD/International Network on Financial Education (INFE) Pilot study”, Working Paper No. 15, OECD Working Papers on Finance, Insurance and Private Pensions, OECD Publishing, Paris.
• Filipiak, U. and Walle, Y.M. (2015), “The financial literacy gender gap: a question of nature or nurture?”, Discussion Papers No. 176, Courant Research Centre: Poverty, Equity and Growth.
• Huston, S.J. (2010), “Measuring financial literacy”, The Journal of Consumer Affairs, Vol. 44 No. 2, pp. 296-316.
• National Strategy for Financial Literacy (2012), “Commission for financial literacy and retirement income”, available at: www.cflri.org.nz/sites/default/files/docs/FL-NS-National%20Strategy2012-Aug.pdf (accessed 24 October 2016).
• Organisation for Economic Co-operation and Development (OECD) (2012), OECD/INFE High-Level Principles on National Strategies for Financial Education, OECD Publishing, Paris.
• Vitt, L.A. (2004), “Consumers financial decisions and the psychology of values”, Journal of Financial Service Professionals, Vol. 58 No. 6, pp. 68-78.

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Importance of money

One cannot deny the importance of money because it is the most necessary thing that we require. Just like you need food to live similarly you need money to survive. It is difficult to sustain without money as it is the basic necessity. In order to live a happy life, you need money. From buying the necessary stuff to paying the fee for your kids, renting the home, you need money for everything. You cannot imagine your life without money and therefore it is important to have a proper balance between your expenses and money.

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Though money is important in everyone’s life but still there are many people who hold a different view regarding this concept as feel that money is not everything. Yes, money may not be everything but it is the means to achieve happiness in life. Here are some of the aspects that clearly indicate that money is necessary.

Also read: Importance of education

Money is all about being self-dependent – Money makes you self-dependent which means that you are no more dependent on anyone but can fulfill your life’s desires on your own. With the help of money, you can buy anything you like and need not ask others for it. So you can say that money gives you the power to be self-dependent and there is no better feeling that this.

No financial problem – Money gives you the ability to put an end to your financial problems but this is only possible if you manage it in the right way. Even with less salary you can make out the most of your investments and have a stable life. There are many people who earn a lot of salaries but are in debt because of the mismanagement that leads to numerous problems. So make sure there is a perfect management of your finances which keeps you stress-free.

Live life to the fullest – The real joys of life come with money. Like, you can go on a vacation only if you have money. If you wish to live a lavish like you require money for it. So in order to live your life to the fullest you need money so that you can get everything that you are looking for. The luxuries of life can easily be purchased with the money thus enabling you to live a happy lifestyle.

Free to take your decisions – As already discussed above, money gives you power which means that you are free to make your choices and take the decisions which are best for you. One need not depend on anyone or feel any pressure as it is your life and you have the right to do what you want to. Thus you are able to take decisions easily no matter what the situation is.

You can offer a better life to your family – If you want your family to be happy, money is something that you will need the most. Apart from the basic requirements of food and clothes, you need to pay the fee of your children, take them to new places, buy computers etc. All this is only possible if you have money and by fulfilling the needs of your family you can bring a smile on their face. Definitely, you wouldn’t like to see their sad faces and will try your best to meet their requirements.

Help others in times of need – If you have money you can help others you need it. There are many times when your friends and relatives would go through a crisis and may need your financial help. In this case, you can easily lend money and help them to combat the difficult times. You can give money to a charitable trust as well where your money is used in the proper way to help other people. Though it is entirely your choice and decision to give money but if you have, one can always help others.

From the above facts, you can say that money gives you the right to do a lot of things and that is why it is necessary to have the right amount. But the problem is that people run after money. Even the wealthiest person will want more and will try ways to make money. No one is satisfied with what they have and hence most of their time is wasted in thinking about how to increase the money. They forget to enjoy their life and just focus on how to get money. So do explore ways to make money but also enjoy your life and give time to your family.

10 thoughts on “ Importance of money ”

money is not important because we can’t buy happiness with money

You can’t because you aren’t using it right

IF SUDDENLY YOU GET 100000 RS IN YOUR BANK ACCOUNT WILL U E SAD?

galat baat h

Your text is very helpful to me for my debate thanks you sooo much………

Very helpful. Thanks! 🙂

Both money and happiness are important

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The learning network | how important a role has money, work or social class played in your life.

How Important a Role Has Money, Work or Social Class Played in Your Life?

Annabel la riva | finding my voice.

In her college essay, Annabel La Riva, a LaGuardia High School senior, writes about transcending class differences and finding her own voice through music. Ms. La Riva plans to attend Kenyon College.

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That’s a big question, we know, but it’s one that inspired the seven winning college essays in a recent contest run by the Business section.

Watch the video above and read the essays, then reflect on how those topics have affected who you are by answering the questions at the bottom of this post.

In “ Essays About Work and Class That Caught a College’s Eye ,” Ron Lieber writes:

Of the 1,200 or so undergraduate admission essays that Chris Lanser reads each year at Wesleyan University, maybe 10 are about work. This is not much of a surprise. Many applicants have never worked. Those with plenty of money may be afraid of calling attention to their good fortune. And writing about social class is difficult, given how mixed up adolescents often are about identity. Yet it is this very reluctance that makes tackling the topic a risk worth taking at schools where it is hard to stand out from the thousands of other applicants. Financial hardship and triumph, and wants and needs, are the stuff of great literature. Reflecting on them is one excellent way to differentiate yourself in a deeply personal way. Each year, to urge them on, we publish the best application essays about these subjects that we can find. This year, we chose seven with the help of Julie Lythcott-Haims, the former dean of freshmen at Stanford whose new book, “How to Raise an Adult,” is coming out next month. You can read the full essays here . The essays that came over the transom were filled with raw, decidedly mixed feelings about parents and their sacrifices; trenchant accounts of the awkwardness of straddling communities with vastly different socio-economic circumstances; and plain-spoken — yet completely affecting — descriptions of what it means to make a living and a life in America today. The single most memorable line we read this year came from an essay by Carolina Sosa, who lives in Centreville, Va., and will attend Georgetown University. In writing about her father’s search for a job, she described the man named Dave who turned him away. “Job searching is difficult for everyone, but in a world full of Daves, it’s almost impossible,” she wrote. “Daves are people who look at my family and immediately think less of us. They think illegal, poor and uneducated. Daves never allow my dad to pass the first round of job applications. Daves watch like hawks as my brother and I enter stores. Daves inconsiderately correct my mother’s grammar. Because there are Daves in the world, I have become a protector for my family.”

Students: Read Mr. Lieber’s reflections, and then the essays themselves . Finally, tell us …

— Which of these essays did you relate to most? Which lines or stories most moved you? Why?

— Why do you think money and social class are such difficult subjects to talk or write about?

— Do you think you would write about any of these topics for your college essay? Why or why not?

— If you were to write an essay about the role of money, work or social class in your life, what might you say? How have these things shaped, defined or challenged you?

Students 13 and older are invited to comment below. Please use only your first name. For privacy policy reasons, we will not publish student comments that include a last name.

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Importance of money in our life

Money is not everything in life but it is true that money can buy lots of things. It goes without saying that all services and products are quantified in terms of green bucks. After the barter trade went out of fashion, money has taken its place and made transactions simple for the people. In short, it has become part and parcel of our lives.

How money plays an important role in our life?

Medical facilities: People get quality medical care only when they are able to pay for the services in terms of credit card or cash. If they do not have money, they can only dream of going to the doctor and get medicinal treatment. It is required to meet the charges of the doctor and cost of medicinal manufacturing.

Money can definitely buy happiness: People with money can buy homes and vehicles of their choice. They can rule the roost in the materialistic world. If they are able to fulfill the wishes, individuals would not feel jealous of others. They are happy and contended as money can fund their lavish style of living.

Symbol of authority: Money generates power and authority which every woman loves. It works like an aphrodisiac that would cement the bond between the couples. Since money is in abundance, spouses do not fight with each other and live a wonderful life. They can afford to engage in the activity of their interest no matter how expensive it is.

Barometer of success: No matter what people say, money is still the barometer of success. Individuals who have got a huge bank balance and live a flashy lifestyle. Skill courage, appearance, personality, power, and prestige are the parameters to judge a person and they can only be achieved with the help o9f money in life.

Fit life: A fit and healthy life is not possible if you are a pauper. People who have to regularly worry about daily bread and butter cannot concentrate on developing a fitness regime for themselves. If you are flush with cash, it is possible to join the gym of choice and undergo training under the supervision of experienced instructors. People looking to develop their physique should have ample money to buy supplements as they are expensive. In addition, developing the personality also requires the magic bucks. Clothes that define the appearance of the person can only be purchased with money.

Money defines relationships: It is sad but true fact that majority of relationships in the world is based on the flow of money not only in professional but also in personal space. As a person, you should stay clear of the buddies who are financial parasites. They can make you pauper by the time you realize what is happening. Avoid relationship with girls who are only after your money and treat you as their sugar daddy. A true friend will never allow you to waste money on unnecessary expenditure especially on his or her comfort. Learn to save hard earned wealth and invest intelligently in leading a happy and healthy life in the future.

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some people believe that it is best to accept a bad situation such as unsatisfactory job or shortage of money.others argue that it is better to try and improve such situations. discuss both views and give your own opinion.

Each year increasing numbers of students are deciding to move to a different country for higher education. do you think this is a positive or a negative development , some people think that in order to solve environmental problems, fuel prices for cars and other vehicles must increase. do you agree or disagree, some people think that girls should take their husband's name after marriage while others feel that they should not follow this age old tradition. what is your opinion, the table and charts below give information on the police budget for 2017 and 2018 in one are of britian. the table shows where the money came from and the charts show how it was distribiuted..

Money is important in most people s lives Although some people think it is more important than the others What do you feel are the right uses of money What other factors are important for a good life

Money is important in most people's lives. Although some people think it is more important than the others. What do you feel are the right uses of money? What other factors are important for a good life?

Money plays an important role in our life. By contrast, many people believe that money is the most value than everything in their life. In my point of view, money is essential, but money is only a small part of many things responsible for controlling our lives.

In my opinion, the best way to use money is to invest in myself. When people have knowledge and position, they will know how to make money from everything. For example, learning more foreign languages and soft skills will help them reach more people and cultures around the world, especially will have more job opportunities in the future. Therefore, raising knowledge is extremely important. Knowing how to use money will help them have more opportunities and relationships in life. For example, when having problems in their life, money, and relationships will make their work more smooth and convenient. Having money helps people take care of their family's health better. For example, they can take their family out to tighten family bonds. Using the money to help their child enjoy a progressive and comprehensive education.

On the other hands, money is very important in people's lives, but money is not everything. Money cannot buy happiness. For example, when people are busy earning money to have a better life and forgetting to spend time with their families and children, the child will lose their affection for them. In addition, health is one of the most important factors, when people grow old, they will clearly feel how much health is more important than money when facing life and death. For example, They have cancer of the marrow but can not cure the disease, although they have a lot of money. And when people die, they can not bring money with them. Therefore, health is very important and must be practiced daily.

In conclusion, money is a very important thing in people’s lives, but money is not everything. We need to know how to equal best among money, happiness, health and many others.

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Essay evaluations by e-grader

Grammar and spelling errors: Line 4, column 1, Rule ID: WHITESPACE_RULE Message: Possible typo: you repeated a whitespace Suggestion: ...essive and comprehensive education. On the other hands, money is very import... ^^ Line 4, column 612, Rule ID: CANT[1] Message: Did you mean 'can't' or 'cannot'? Suggestion: can't; cannot ...lot of money. And when people die, they cant bring money with them. Therefore, healt... ^^^^ Line 6, column 1, Rule ID: WHITESPACE_RULE Message: Possible typo: you repeated a whitespace Suggestion: ...portant and must be practiced daily. In conclusion, money is a very important... ^^^^ Line 6, column 187, Rule ID: WHITESPACE_RULE Message: Possible typo: you repeated a whitespace Suggestion: ...ney, happiness, health and many others. ^^^

Transition Words or Phrases used: but, if, so, therefore, for example, in addition, in conclusion, in my opinion, on the other hand

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech: To be verbs : 14.0 13.1623246493 106% => OK Auxiliary verbs: 12.0 7.85571142285 153% => OK Conjunction : 17.0 10.4138276553 163% => OK Relative clauses : 7.0 7.30460921844 96% => OK Pronoun: 25.0 24.0651302605 104% => OK Preposition: 36.0 41.998997996 86% => OK Nominalization: 4.0 8.3376753507 48% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.

Performance on vocabulary words: No of characters: 1652.0 1615.20841683 102% => OK No of words: 335.0 315.596192385 106% => OK Chars per words: 4.93134328358 5.12529762239 96% => OK Fourth root words length: 4.27820116611 4.20363070211 102% => OK Word Length SD: 2.54941801002 2.80592935109 91% => OK Unique words: 159.0 176.041082164 90% => More unique words wanted. Unique words percentage: 0.474626865672 0.561755894193 84% => More unique words wanted or less content wanted. syllable_count: 503.1 506.74238477 99% => OK avg_syllables_per_word: 1.5 1.60771543086 93% => OK

A sentence (or a clause, phrase) starts by: Pronoun: 6.0 5.43587174349 110% => OK Article: 2.0 2.52805611222 79% => OK Subordination: 5.0 2.10420841683 238% => Less adverbial clause wanted. Conjunction: 5.0 0.809619238477 618% => Less conjunction wanted as sentence beginning. Preposition: 6.0 4.76152304609 126% => OK

Performance on sentences: How many sentences: 21.0 16.0721442886 131% => OK Sentence length: 15.0 20.2975951904 74% => The Avg. Sentence Length is relatively short. Sentence length SD: 42.3415547215 49.4020404114 86% => OK Chars per sentence: 78.6666666667 106.682146367 74% => OK Words per sentence: 15.9523809524 20.7667163134 77% => OK Discourse Markers: 4.61904761905 7.06120827912 65% => OK Paragraphs: 4.0 4.38176352705 91% => OK Language errors: 4.0 5.01903807615 80% => OK Sentences with positive sentiment : 15.0 8.67935871743 173% => OK Sentences with negative sentiment : 4.0 3.9879759519 100% => OK Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion: Essay topic to essay body coherence: 0.362929293789 0.244688304435 148% => OK Sentence topic coherence: 0.135811618835 0.084324248473 161% => OK Sentence topic coherence SD: 0.0910409508112 0.0667982634062 136% => OK Paragraph topic coherence: 0.265816712496 0.151304729494 176% => OK Paragraph topic coherence SD: 0.0621424317801 0.056905535591 109% => OK

Essay readability: automated_readability_index: 9.8 13.0946893788 75% => Automated_readability_index is low. flesch_reading_ease: 64.71 50.2224549098 129% => OK smog_index: 3.1 7.44779559118 42% => Smog_index is low. flesch_kincaid_grade: 8.0 11.3001002004 71% => OK coleman_liau_index: 11.02 12.4159519038 89% => OK dale_chall_readability_score: 7.21 8.58950901804 84% => OK difficult_words: 60.0 78.4519038076 76% => More difficult words wanted. linsear_write_formula: 8.0 9.78957915832 82% => OK gunning_fog: 8.0 10.1190380762 79% => OK text_standard: 8.0 10.7795591182 74% => OK What are above readability scores?

--------------------- Rates: 56.1797752809 out of 100 Scores by essay e-grader: 5.0 Out of 9 --------------------- Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.