what is money short essay

Essays About Money: Top 5 Examples and 6 Prompts

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

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

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

5 Top Examples On Essay About Money

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

5. An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

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

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

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

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

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

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

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

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

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

5. An Introduction to Saving Money by Jeremy Vohwinkle

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

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

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

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

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

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

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

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

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

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

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What Is Money?

Medium of exchange, impressions create everything, how is money measured, active money, how money is created, the history of american money, the bottom line, what is money definition, history, types, and creation.

Money is any item or medium of exchange that symbolizes perceived value. As a result, it is accepted by people for the payment of goods and services, as well as the repayment of loans. Money makes the world go 'round. Economies rely on money to facilitate transactions and to power financial growth. Typically, it is economists who define money, where it comes from, and what it's worth. Here are the multifaceted characteristics of money.

Key Takeaways

Money is a medium of exchange; it allows people and businesses to obtain what they need to live and thrive.
Bartering was one way that people exchanged goods for other goods before money was created.
Like gold and other precious metals, money has worth because for most people it represents something valuable.
Fiat money is government-issued currency that is not backed by a physical commodity but by the stability of the issuing government.
Above all, money is a unit of account - a socially accepted standard unit with which things are priced.

Before the development of a medium of exchange —that is, money—people would barter to obtain the goods and services they needed. Two individuals, each possessing some goods the other wanted, would enter into an agreement to trade.

Early forms of bartering, however, do not provide the transferability and divisibility that makes trading efficient. For instance, if someone has cows but needs bananas, they must find someone who not only has bananas but also the desire for meat. What if that individual finds someone who has the need for meat but no bananas and can only offer potatoes? To get meat, that person must find someone who has bananas and wants potatoes, and so on.

The lack of transferability of bartering for goods is tiring, confusing, and inefficient. But that is not where the problems end; even if the person finds someone with whom to trade meat for bananas, they may not consider a bunch of bananas to be worth a whole cow. Such a trade requires coming to an agreement and devising a way to determine how many bananas are worth certain parts of the cow.

Commodity money solved these problems. Commodity money is a type of good that functions as currency. In the 17th and early 18th centuries, for example, American colonists used beaver pelts and dried corn in transactions. Possessing generally accepted values, these commodities were used to buy and sell other things. The commodities used for trade had certain characteristics: they were widely desired and, therefore, valuable, but they were also durable, portable, and easily stored.

Another, more advanced example of commodity money is a precious metal such as gold. For centuries, gold was used to back paper currency—up until the 1970s. In the case of the U.S. dollar, for example, this meant that foreign governments were able to take their dollars and exchange them at a specified rate for gold with the U.S. Federal Reserve. What's interesting is that, unlike the beaver pelts and dried corn (which can be used for clothing and food, respectively), gold is precious purely because people want it. It is not necessarily useful—you can't eat gold, and it won't keep you warm at night, but the majority of people think it is beautiful, and they know others think it is beautiful. So, gold is something that has worth. Gold, therefore, serves as a physical token of wealth based on people's perceptions.

This relationship between money and gold provides insight into how money gains its value—as a representation of something valuable.

The second type of money is fiat money , which does not require backing by a physical commodity. Instead, the value of fiat currencies is set by supply and demand and people's faith in its worth. Fiat money developed because gold was a scarce resource, and rapidly growing economies growing couldn't always mine enough to back their currency supply requirements. For a booming economy, the need for gold to give money value is extremely inefficient, especially when its value is really created by people's perceptions.

Fiat money becomes the token of people's perception of worth, the basis for why money is created. An economy that is growing is apparently succeeding in producing other things that are valuable to itself and other economies. The stronger the economy, the stronger its money will be perceived (and sought after) and vice versa. However, people's perceptions must be supported by an economy that can produce the products and services that people want.

For example, beginning in 1971, the U.S. dollar was taken off the gold standard—the dollar was no longer redeemable in gold, and the price of gold was no longer fixed to any dollar amount. This was made official in 1976. This meant that it was now possible to create more paper money than there was gold to back it; the health of the U.S. economy backed the dollar's value. If the economy stalls, the value of the U.S. dollar will drop both domestically through inflation and internationally through currency exchange rates. The implosion of the U.S. economy would plunge the world into a financial dark age, so many other countries and entities are working tirelessly to ensure that never happens.

Today, the value of money (not just the dollar, but most currencies) is decided purely by its purchasing power , as dictated by inflation. That is why simply printing new money will not create wealth for a country. Money is created by a kind of a perpetual interaction between real, tangible things, our desire for them, and our abstract faith in what has value. Money is valuable because we want it, but we want it only because it can get us a desired product or service.

But exactly how much money is out there, and what forms does it take? Economists and investors ask this question to determine whether there is inflation or deflation. Money is separated into three categories so that it is more discernible for measurement purposes:

M1 – This category of money includes all physical denominations of coins and currency; demand deposits, which are checking accounts and NOW accounts; and travelers' checks. It also includes other forms of liquid deposits and assets such as savings accounts. This category of money is the narrowest of the three, and is essentially the money used to buy things and make payments (see the "active money" section below).
M2 – With broader criteria, this category adds all the money found in M1 to all time-related deposits, many types of retirement accounts, and non-institutional money market funds. This category represents money that can be readily transferred into cash.
M3 – The broadest class of money, M3 combines all money found in the M2 definition and adds to it all large time deposits, institutional money market funds, short-term repurchase agreements, along with other larger liquid assets. M3 indicates a country's money supply or the total amount of money within an economy.

The M1 category includes what's known as active money—the total value of coins and paper currency in circulation as well as liquid deposits and accounts. The amount of active money fluctuates seasonally, monthly, weekly, and daily. In the United States, Federal Reserve Banks distribute new currency for the U.S. Treasury Department. Banks lend money out to customers, which becomes active money once it is actively circulated.

The variable demand for cash equates to a constantly fluctuating active money total. For example, people typically cash paychecks or withdraw from ATMs over the weekend, so there is more active cash on a Monday than on a Friday. The public demand for cash declines at certain times—following the December holiday season, for example.

We have discussed why and how money, a representation of perceived value, is created in the economy, but another important factor concerning money and the economy is how a country's central bank (the central bank in the United States is the Federal Reserve or the Fed) can influence and manipulate the money supply.

If the Fed wants to increase the amount of money in circulation, perhaps to boost economic activity, the central bank can, of course, print it. However, the physical bills are only a small part of the money supply.

Another way for the central bank to increase the money supply is to buy government fixed-income securities in the market. When the central bank buys these government securities, it puts money into the marketplace, and effectively into the hands of the public. How does a central bank such as the Fed pay for this? As strange as it sounds, the central bank simply creates the money and transfers it to those selling the securities. Alternatively, the Fed can lower interest rates allowing banks to extend low-cost loans or credit—a phenomenon known as cheap money—and encouraging businesses and individuals to borrow and spend.

To shrink the money supply, perhaps to reduce inflation, the central bank does the opposite and sells government securities. The money with which the buyer pays the central bank is essentially taken out of circulation. Keep in mind that we are generalizing in this example to keep things simple.

A central bank cannot print money without end. If too much money is issued, the value of that currency will drop consistent with the law of supply and demand.

Remember, as long as people have faith in the currency, a central bank can issue more of it. But if the Fed issues too much money, the value will go down, as with anything that has a higher supply than demand. Therefore, the central bank cannot simply print money as it wants.

Currency Wars

In the 17th century, Great Britain was determined to keep control of both the American colonies and the natural resources they controlled. To do this, the British limited the money supply and made it illegal for the colonies to mint coins of their own. Instead, the colonies were forced to trade using English bills of exchange that could only be redeemed for English goods. Colonists were paid for their goods with these same bills, effectively cutting them off from trading with other countries.

In response, the colonies regressed to a barter system using ammunition, tobacco, nails, pelts, and anything else that could be traded. Colonists also gathered whatever foreign currencies they could, the most popular being the large, silver Spanish dollars. These were called pieces of eight because, when you had to make change, you pulled out your knife and hacked it into eight bits. From this, we have the expression "two bits," meaning a quarter of a dollar.

Massachusetts Money

Massachusetts was the first colony to defy the mother country. In 1652, the state minted its own silver coins including the Oak Tree and Pine Tree shillings. The state circumvented the British law stating that only the monarch of the British empire could issue coins by dating all their coins in 1652, a period when there was no monarch. In 1690, Massachusetts also issued the first paper money calling it bills of credit.

Tensions between America and Britain continued to mount until the Revolutionary War broke out in 1775. The colonial leaders declared independence and created a new currency called Continentals to finance their side of the war. Unfortunately, each government printed as much money as it needed without backing it to any standard or asset, so the Continentals experienced rapid inflation and became worthless. This experience discouraged the American government from using paper money for almost a century.

Aftermath of the Revolution

The chaos from the Revolutionary War left the new nation's monetary system a complete wreck. Most of the currencies in the newly formed United States of America were useless. The problem wasn't resolved until 13 years later in 1788 when Congress was granted constitutional powers to coin money and regulate its value. In 1792, the Coinage Act was passed establishing the first national mint which created a national monetary system and unit of money, the dollar. There was also a bimetallic standard, meaning that both silver and gold could be valued in and used to back paper dollars.

It took years to get all the foreign coins as well as competing state and local bank currencies out of circulation. Banks issued their own notes during this time period, which was technically illegal as only Congress and the federal government had this power. Most of these banks issued more notes than they had coin to cover, as a result these notes often traded at less than face value.

In the 1860s, the U.S. government created $450 million in legal tender to finance its battle against the Confederacy in the American Civil War. These were called greenbacks because their backs were printed in green. The government-backed this currency and stated that it could be used to pay back both public and private debts. The value did, however, fluctuate according to the North's success or failure at certain stages in the war.

Confederate dollars, issued by the seceding states during the 1860s, followed the fate of the Confederacy and were worthless by the end of the war.

Aftermath of the Civil War

In February 1863, the U.S. Congress passed the National Bank Act. This act established a monetary system whereby national banks issued notes backed by U.S. government bonds. The U.S. Treasury then worked to get state bank notes out of circulation so that the national bank notes would become the only currency.

During this period of rebuilding, there was debate over the bimetallic standard. Some advocated using just silver to back the dollar, others advocated for gold. The situation was resolved in 1900 when the Gold Standard Act was passed, which made gold the sole backing for the dollar. This backing meant that, in theory, you could take your paper money and exchange it for the corresponding value in gold. In 1913, the Federal Reserve was created and given the power to steer the economy by controlling the money supply and interest rates on loans.

What Does Money Symbolize?

In an economic context, money symbolizes perceived value. This allows money to be used as a means of exchanging goods and services. On a personal level, money can symbolize intangible qualities, including wealth, safety, status, and more.

What Is Liquidity?

Liquidity is a measure of how quickly an asset can be converted into legal tender. Cash is the most liquid of all assets. Short-term securities and assets in money market accounts follow. Less liquid assets include physical items like houses, cars, or jewelry. Though they can ultimately be converted into legal tender, it may take time to do so, and a conversion might come with depreciation in value.

What Is the Difference Between Money and Currency?

Money and currency are interrelated but different terms. Currency is one form of money. Often issued by a government, it is one type of payment that people can use within a jurisdiction. Money, however, refers more broadly to a system of perceived value, which allows for the exchange of goods and services.

Money has changed substantially since the days of shells and skins, but its main function hasn't changed at all. Regardless of what form it takes, money offers us a medium of exchange for goods and services and allows the economy to grow as transactions can be completed at greater speeds.

University of Notre Dame. " Commodity Money: Introduction ."

Congressional Research Service. " Brief History of the Gold Standard in the United States ."

Congressional Research Service. " Brief History of the Gold Standard in the United States ," Pages 9-13.

Congressional Research Service. " Brief History of the Gold Standard in the United States ," Page 13.

Federal Reserve. " Money Stock Measures – H.6 Release ."

Federal Reserve Bank of Richmond. " Money Supply ."

Federal Reserve Bank of St Louis. " What Is Quantitative Easing, and How Has It Been Used? "

Harvard Library. " Colonial Currency ."

Federal Reserve Bank of Philadelphia. " Money in Colonial Times ."

The Met. " Shilling ."

Harvard Library. " Continental Currency ."

United States Mint. " History of the U.S. Mint ."

Congressional Research Service. " Brief History of the Gold Standard in the United States ," Page 2.

American Numismatic Society. " A History of American Currency ."

Encyclopedia Britannica. " Greenback Movement ."

Harvard Library. " Civil War Currency ."

Federal Reserve Bank of San Francisco. " American Currency Exhibit: Civil War ."

Federal Reserve History. " National Banking Acts of 1863 and 1864 ."

Congressional Research Service. " Brief History of the Gold Standard in the United States ," Pages 8-9.

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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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Essay On Money: 100, 250 Words Samples

Updated on
Nov 9, 2023

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

Table of Contents

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

What is Money?

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

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

Learn Why Financial Literacy is Important for Students.

Why is Money So Important?

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

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

Essay on Money in 100 Words

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

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

Essay on Money in 250 Words

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

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

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

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

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

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

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

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

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

Shiva Tyagi

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

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Money Essay | Importance and Benefits of Money Essay in English

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

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

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

Short Essay on Money 300 Words in English

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

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

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

Importance of Money

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

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

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

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

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

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

Advantage from Money

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

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

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

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

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

FAQ’s on Money Essay

Question 1. What is the requirement for money?

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

Question 2. What are the benefits of money?

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

Question 3. How can we earn money?

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

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

Essay on Money

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

500+ Words Essay on Money

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

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

Significance of Money in Economy

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

Demonetisation in India

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

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

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

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

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

10 lines on ‘money’ for kids.

A Paragraph On ‘Money’ In English For Children

Short Essay On ‘Importance Of Money’ For Kids

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

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

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

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

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

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

A Paragraph On ‘Money’ In English For Children

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

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

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

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

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

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

Evolution Of Money

Here are the stages money went to undergo an evolution:

1. Commodity Money

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

2. Metallic Money

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

3. Paper Money

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

4. Plastic Money

Credit and debit cards fall under plastic money.

What Are The Uses of Money?

Money is used for:

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

How To Teach Your Child To Save Money?

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

1. Reward Them

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

2. Encourage To Set Goals

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

3. Gift A Piggybank

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

4. Let Them Work

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

5. Tell Them Stories Of Rich People

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

6. Buy Them Books

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

7. Tell Them To Pursue A Hobby

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

8. Appreciate Their Efforts

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

Here are some fun facts about money for kids:

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

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

1. How Is Black Money Different From White Money?

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

2. What If Money Didn’t Exist?

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

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

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Time Is Money Essay

500 words essay on time is money.

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

Importance of Time

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

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

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

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

More Valuable than Money

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

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

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

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

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

Conclusion of Time Is Money Essay

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

FAQ of Time Is Money Essay

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

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

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

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

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12 Powerful Essays on Money [ Importance, Value, Power ]-2024

Money is really an important role player in our lives. But, we need to accept, money is not everything. Though money has the power, you can enjoy and afford every material luxury of life. But that is short lived. Money can’t bring real happiness, peace, certainty, power and freedom.

List of Topics

We have written the following short and long essays on topic Money. These essays cover all related topics including; importance and power of money, is money everything, role of money in life etc.

Essay on Money | Value, Role & Importance of Money in Life

It cannot be denied that money is essential for our healthy living. In order to remain in good standings in society, we will need money to live a life and maintain our good standings.

The money is essential for providing necessary comforts and amenities of the life. When you have money, you have everything you could ever want.

In order for us to get a good personality we need money, which will also improve our self-confidence. We will become more credible, improve our capabilities, increase our confidence level, and enhance our courage to a greater extent.

With no money, no one will help us. In a world where nobody is willing to help, we feel helpless. A person cannot live and survive in today’s materialistic world without money.

Today, in order to earn more money through unfair means, bad people take assistance from corruption, bribes, smuggling, etc. People who are lazy may follow the wrong ways to earn money, assuming that these methods are easy and simple.

It is true that one can earn more money through less effort, but not for long; surely he will lose his money by following a wrong and weak path in the near future.

A person who earns money by following the rules of humanity earns less money but for a long period of time and then becomes a well known personality in the society.

People who commit corruption hide their money as black money in other countries to hide it from the general public. Their money is used for doing bad things or living in luxury.

It is generally observed that those who have more money by either means, are respected by ordinary people. As money is the factor of power in society. Those powerful people then wield social and political power in our society.

It is however an established fact that money is not the entire thing in our life. You can’t buy time with money . Neither you earn the real respect, love or affection when you have illegal money. The real joy of peace, happiness or satisfaction come through hard work, dedication, sincerity and peacefulness

Essay on Power of Money in Life

One cannot imagine a healthy and peaceful life without money. We need money even to buy a single needle. Nowadays, when everything is becoming more expensive and civilization is becoming increasingly advanced and following western culture, we need more money.

In the past, people relied on the barter system in which they would be able to exchange things for goods, but in the modern world, money is all that is necessary to purchase everything. Money is becoming more and more important as the cost of living increases.

A great deal of importance has been attached to money in the production, consumption, exchange, distribution, public finance, etc. As a result, it plays an important role in determining raw material input, income, employment, output, and general price levels of anything, etc.

Essay on Money is Everything

In a highly competitive and expensive society, no one can live without money. Food, clothing, and many other necessities of life are nearly impossible to buy without money.

A poor person in a society is viewed as an enemy due to their poverty. However, rich and powerful people are perceived as decent and honest people.

Money can increase a person’s status in the society and make him look good. To fulfill the ever-increasing demands of the modern age, we all strive to be wealthy through a good job or business. The reality is that very few people get this chance of becoming millionaires.

As a result, everything is dependent upon money, be it rich or poor, urban or rural. Money is essential to everyone, whether he or she is living in the city or in the country. In cities, people are earning a higher salary than those in rural or backward areas. This is because the people of urban areas have more access to the technologies and get more opportunities because they have access to the easy resources

Essay on Money is the Root of all Evils:

Money has been a part of human society since its inception. It has evolved from being used as a medium of exchange to becoming a symbol of power and success. People have always desired to accumulate wealth, and in today’s materialistic world, money has become the ultimate goal for many.

However, with this desire for wealth, comes numerous negative consequences that are often overlooked. In this essay, we will discuss how money can be considered as the root of all evils.

The Obsession with Money

In the pursuit of materialistic possessions, people often become obsessed with money. Money becomes their sole purpose in life, and they are willing to do whatever it takes to acquire it. This obsession can lead individuals down a path of greed, where they only care about their own financial gain without considering the consequences of their actions. As a result, many unethical and immoral activities such as fraud, theft, and corruption occur due to this unhealthy obsession with money.

Creates Disparity and Inequality

Another major issue caused by the love for money is the creation of disparity and inequality within society. People with more wealth tend to have better access to education, healthcare, and opportunities that can lead to a better quality of life. This creates an uneven playing field where those who are already financially stable have an advantage over others.

As a result, poverty rates increase, leading to social unrest and crime in society. Moreover, the gap between the rich and poor continues to widen as the wealthy become wealthier while the poor struggle to make ends meet.

Causes Conflict and Strife

Money can also be considered as the root of many conflicts and strife within society. As people become more obsessed with money, they are willing to go to extreme lengths to protect their wealth. This can lead to disputes and disagreements among individuals, communities, and even nations. Wars have been fought over resources and power, which ultimately stems from the desire for money.

On a smaller scale, family relationships can also be affected when one member becomes financially successful while others struggle. This creates tension and resentment within the family unit, leading to conflict and strain in relationships.

It Leads to Materialism and Consumerism

The pursuit of money also leads to a culture of materialism and consumerism. People often equate their self-worth and happiness with the possessions they own. This constant need for more, bigger, and better things can lead to excessive spending, debt, and financial strain.

Furthermore, the never-ending cycle of consumption has negative consequences on the environment as resources are depleted at an alarming rate. This consumeristic mindset also perpetuates a throwaway culture where items are discarded instead of being repaired or reused, leading to environmental pollution and waste.

In conclusion, while money may be necessary for survival and provides a sense of security, it can also be considered as the root of all evils in society. The unhealthy obsession with money leads to numerous negative consequences such as greed, inequality, conflict, and environmental degradation. It is essential to recognize the dangers of this love for wealth and strive towards a more balanced and equitable distribution of resources in society.

As the saying goes, “money cannot buy happiness,” and it is crucial to prioritize values such as compassion, empathy, and kindness over material possessions. So let us not forget that money is just a means to an end and not an end in itself. The true wealth lies in human relationships and making a positive impact on society, not in the accumulation of material possessions.

Essay on Money Management:

In today’s fast-paced world, money management is an essential skill that everyone should possess. It is the process of managing one’s finances wisely to achieve financial stability and security. Proper money management involves budgeting, saving, investing and controlling spending habits. In this essay, we will discuss the importance of money management and some tips for effective management.

One of the main reasons why money management is crucial is because it helps individuals to reach their financial goals. Whether it is buying a new house, funding education or planning for retirement, good money management can help achieve these goals. Proper budgeting allows individuals to allocate their income towards different expenses wisely. It also helps in identifying areas where one can cut down on unnecessary spending and save more money. By saving money, individuals can have a financial safety net for any unexpected expenses or emergencies.

In addition to achieving financial goals, effective money management also leads to a stress-free life. People who manage their money well are less likely to face financial difficulties and are better equipped to handle financial crises. They also have a sense of control over their finances and do not live paycheck-to-paycheck. This can reduce the stress and anxiety associated with money matters. Moreover, good money management can also improve relationships as financial problems are one of the leading causes of stress and conflicts in marriages and families.

Now let us discuss some tips for effective money management:

Creating a budget is the first step towards managing money properly. It helps in tracking expenses and controlling spending.
Setting financial goals is crucial as it gives direction to one’s financial decisions and motivates towards saving and investing.
Saving a portion of income regularly should be a priority. Experts recommend saving at least 10% to 15% of one’s income for future needs.
Controlling spending habits is essential to avoid unnecessary expenses and impulse purchases.
Investing money wisely can help in growing wealth and achieving long-term financial goals.
Regularly reviewing and adjusting the budget and financial plan is important to adapt to changing circumstances.

In conclusion, managing money well is crucial for achieving financial stability, reducing stress and improving relationships. By following some simple tips and being disciplined with finances, individuals can achieve their financial goals and lead a comfortable life.

Remember, it is never too late to start practicing good money management habits! So start today and secure your financial future. That’s all! Happy saving 🙂

Essay on Money Laundering:

Money laundering is a term used to describe the illegal process of concealing the true origins of money obtained through criminal activities. It involves disguising illegally obtained funds as legitimate income in order to avoid detection by law enforcement and financial institutions.

Money laundering has become a global problem, with an estimated $800 billion to $2 trillion laundered annually. In this essay, we will discuss the concept of money laundering, its impact on society, and some measures to combat it.

Origin of Money Laundering

The term money laundering originated from the Italian word “lavare,” which means to wash. It was first used in the 1920s by American gangsters who were involved in bootlegging liquor during Prohibition. These criminals created elaborate schemes to disguise their illegal profits as legitimate businesses or investments.

This facilitated the integration of illicit funds into the legal economy and made it difficult for law enforcement officials to trace the source of these funds. Since then, money laundering has evolved into a sophisticated global crime that involves the movement of huge sums of money across borders and through multiple financial institutions.

Impact on Society

Money laundering has far-reaching consequences for society. It undermines the integrity and stability of financial systems, distorts competition, and facilitates corruption. By allowing criminals to profit from their illegal activities, it perpetuates criminal behavior and poses a threat to national security.

It also has negative impacts on legitimate businesses as they may face unfair competition from those using laundered funds.

Furthermore, money laundering enables criminal organizations to sustain their operations by providing them with access to clean funds for financing terrorism, drug trafficking, human trafficking, and other illicit activities. Ultimately, this has a detrimental effect on the overall economy and society.

Measures to Combat Money Laundering

To combat money laundering, countries have implemented various laws and regulations. The Financial Action Task Force (FATF) is an intergovernmental organization that sets international standards for combating money laundering and terrorist financing.

It conducts regular evaluations of member countries’ efforts in implementing these standards and provides recommendations for improvement. Financial institutions are also required to implement strict know-your-customer (KYC) procedures to identify their customers and verify the source of funds.

Additionally, governments should increase collaboration with law enforcement agencies, financial intelligence units, and other regulatory bodies to share information and intelligence on suspicious activities. This will help in detecting and preventing money laundering activities more effectively.

In conclusion, money laundering is a serious global issue that has significant impacts on society. It is not only a financial crime but also a threat to national security and the integrity of our financial systems. To combat it successfully, there needs to be cooperation between governments, law enforcement agencies, and financial institutions.

Strict laws and regulations must be implemented and enforced, along with proper monitoring mechanisms. Only by working together can we effectively tackle this complex and ever-evolving problem of money laundering. So let us all do our part in preventing this illegal activity and contribute towards building a safer and more transparent world economy for everyone

Essay on Money Plant:

The Money Plant, also known as Devil’s Ivy or Golden Pothos, is a popular houseplant that is loved for its beautiful foliage and easy maintenance. It belongs to the family of Araceae and is native to the Solomon Islands in the South Pacific. This plant has been used in traditional medicine for centuries and is believed to bring good luck and prosperity.

The Money Plant is an evergreen vine with heart-shaped leaves that can grow up to 40 feet in length. Its leaves are glossy and have a marbled pattern in shades of green and yellow. The plant also produces small, white flowers, but they are insignificant compared to its lush foliage. It is often grown as a hanging plant or trained on a trellis for support.

One of the reasons why the Money Plant is so popular is because it can easily adapt to different environments and grow in low light conditions. It also has air-purifying properties, making it a great choice for indoor spaces. The plant is known to remove toxins such as formaldehyde, benzene, and xylene from the air, improving the overall air quality in your home or office.

Taking care of a Money Plant is relatively easy. It requires well-draining soil and moderate watering, making it suitable for people who don’t have a green thumb. The plant can also be propagated easily by stem cuttings, making it an ideal choice for beginner gardeners.

Apart from its aesthetic and health benefits, the Money Plant is also believed to bring financial prosperity. According to Feng Shui, placing a Money Plant in the southeast or east direction of your home can attract wealth and abundance. However, it is essential not to rely solely on the plant for good luck and instead work hard towards your goals.

In conclusion, the Money Plant is not only a beautiful and low-maintenance houseplant but also has cultural and metaphysical significance. Whether you believe in its luck-bringing properties or not, this plant is undoubtedly a great addition to any home or office space.

Essay on Money is not Everything:

Money is a powerful tool that can provide us with comfort, security and luxury. It is often seen as the ultimate goal in life, and people spend most of their time chasing it. However, money is not everything in life. It cannot buy happiness, love or good health. In fact, it can sometimes lead to more problems and conflicts in relationships.

Money can surely buy materialistic things that give us temporary pleasure, but true happiness comes from within. It is not something that can be bought with money. Many people have all the luxuries in the world but are still unhappy and unfulfilled.

This is because they lack strong relationships, a sense of purpose and inner peace. It is important to understand that money can only provide temporary satisfaction, but true happiness lies in the simple things in life like spending time with loved ones, helping others and pursuing our passions.

Moreover, love and relationships cannot be bought with money. True love and genuine relationships are built on trust, respect and mutual understanding.

These cannot be bought with money; they must be earned through sincere efforts. In fact, having too much money can sometimes create power imbalances in relationships, leading to conflicts and even breakups. Therefore, it is important not to let money become the priority in a relationship. Instead, we should focus on building strong and meaningful connections with our loved ones.

Additionally, money cannot buy good health. It may be able to provide access to healthcare facilities and treatments, but it cannot guarantee a healthy mind and body. In fact, people who prioritize money over their health often neglect self-care and face various health issues in the long run. Therefore, it is important to maintain a balance between work and personal life and prioritize self-care. After all, without good health, money becomes meaningless.

In conclusion, money is certainly important in life, but it should not be the sole focus. True happiness and fulfillment come from within and cannot be bought with money. We should prioritize building meaningful relationships, pursuing our passions and taking care of our health over constantly chasing after more wealth. As the saying goes, “money can’t buy everything,” and we must remember that in order to live a truly fulfilling life.

Argumentative Essay on Money:

The topic of money and its role in our lives is a highly debated one. Some argue that money is the root of all evil, while others view it as a means to achieve success and happiness. The truth lies somewhere in between. Money is a necessary aspect of our lives, but it should not be the sole focus or measure of our success.

On one hand, money can provide us with material comforts and opportunities. It allows us to have a decent standard of living, access to education and healthcare, and the ability to pursue our passions. Without money, we would struggle to meet our basic needs and live a fulfilling life. In this sense, money can bring us happiness and satisfaction.

However, the pursuit of money can also have negative consequences. It can consume our lives and lead to greed, materialism, and a constant desire for more. Many people become trapped in a cycle of work and earning just to keep up with societal expectations or to maintain their status.

This relentless pursuit of wealth can lead to neglecting other important aspects of life such as relationships, personal growth, and mental well-being. In this sense, money can become a source of stress and unhappiness.

Moreover, the unequal distribution of wealth in society adds to the complexity of the issue. While some individuals have an abundance of money and resources, others struggle to make ends meet.

This creates a divide between the haves and have-nots, leading to feelings of resentment and inequality. Money can also be used as a tool for power and control, further fueling societal issues such as corruption and exploitation.

In conclusion, money is an important aspect of our lives, but it should not be the sole determinant of our success or happiness. We must strike a balance and prioritize what truly matters to us beyond material possessions. It is crucial to find a healthy relationship with money and use it wisely for our well-being and that of others. Ultimately, true success lies in achieving a fulfilling life rather than accumulating wealth.

Write a high school Essay on Money:

Money is a crucial topic for high school students, especially as they approach adulthood. It plays a significant role in shaping their future and achieving their goals. Money management skills are essential for students to learn at an early age. It helps them understand the value of money, how to earn it, save it and spend it wisely. In this essay, we will discuss the importance of money for high school students and how they can learn to manage it effectively.

Firstly, understanding the value of money is crucial for high school students. Most teenagers have a limited understanding of where money comes from and how hard their parents work to earn it. It’s essential to teach them about earning an income, whether through part-time jobs or chores at home.

This not only helps them appreciate the value of money but also instills a strong work ethic in them. It also teaches them to be responsible for their own finances and not rely solely on their parents.

Secondly, high school students need to learn how to save money. Many teenagers have the tendency to spend impulsively, especially with peer pressure and societal influences. It’s important to teach them the concept of budgeting and saving for future goals such as college or a car.

This will help them develop financial discipline and avoid getting into debt later in life. They can also start small by setting aside a portion of their allowance or earnings each month. This will teach them the value of delayed gratification and long-term planning.

Lastly, high school students should learn how to spend money wisely. With access to credit cards and online shopping, it’s easy for teenagers to overspend and fall into debt. Educating them on the importance of budgeting and differentiating between needs and wants is crucial in making informed financial decisions.

They can also be taught about investment options such as mutual funds or stocks, which can help their money grow over time. This will give them a head start in building their financial future.

In conclusion, money is an important aspect of a high school student’s life and learning how to manage it effectively is crucial for their future success. By teaching them the value of money, saving skills, and wise spending habits at an early age, we can help them become financially responsible adults. It’s never too early to start teaching teenagers about money management as it sets them up for a stable and secure financial future.

Advantages of Money Essay:

Money is something that has been a part of human society for centuries, and it plays a crucial role in our daily lives. In simple terms, money is any object or record that is generally accepted as payment for goods and services and repayment of debts. It can come in various forms such as paper notes, coins, or even digital transactions. In this short essay, we will discuss the advantages of money and why it is such an essential aspect of our society.

First and foremost, money provides a means for people to exchange goods and services. In earlier times, barter system was used for trade where people exchanged goods or services directly with one another.

However, this system had its limitations as it required a double coincidence of wants. With the introduction of money, individuals could now sell their products or services for money and then use that money to purchase other goods or services they needed.

This made trading much more efficient and convenient. Moreover, money also serves as a unit of account, making it easier for people to compare the value of different goods or services.

Money also allows individuals to save and accumulate wealth. With the use of money, people can store their excess income and use it later for future needs such as emergencies or retirement. This provides a sense of security and stability in one’s life.

Additionally, with the help of financial institutions like banks, individuals can invest their money in various sources to earn interest over time and increase their wealth. This creates opportunities for people to improve their financial status and achieve their goals.

Furthermore, money also enables governments to operate and provide essential services to its citizens. Taxes collected from individuals and businesses make up a significant portion of a government’s revenue, which is used for various purposes such as building infrastructure, providing education and healthcare facilities, and maintaining law and order. Without money, it would be challenging for governments to function effectively, leading to a breakdown of society.

In conclusion, money has numerous benefits in our society. It facilitates trade and exchange, allows people to save and invest, and enables governments to operate efficiently for the betterment of its citizens. However, it is crucial to use money responsibly and ensure that it does not become the sole focus of our lives

Essay on Save Money is a Good Habit:

Saving money is an important habit that everyone should develop. It refers to the process of setting aside a portion of your income for future use, rather than spending it all at once. This practice not only helps in meeting unforeseen expenses but also ensures financial stability and security. In this essay, we will discuss why saving money is a good habit and how it can benefit individuals in the long run.

One of the primary reasons for saving money is to prepare for unexpected events. Emergencies such as medical emergencies, job loss, or natural disasters can occur at any time, and having saved money can help in dealing with them without causing financial strain.

Additionally, saving money also helps in achieving financial goals and fulfilling dreams such as buying a house or going on a dream vacation. It provides a sense of security and peace of mind, knowing that there is a safety net in times of need.

Moreover, saving money can also lead to financial stability. By building a habit of saving regularly, individuals can create a cushion for themselves during tough economic times. This habit can help in avoiding debts and living within one’s means. Furthermore, it can also provide the freedom to take career risks or pursue new opportunities without worrying about financial consequences.

In the long run, saving money can also bring financial freedom and independence. By consistently saving a portion of their income, individuals can build a nest egg that can generate passive income in the future. This provides stability during retirement or even allows for early retirement. Additionally, it can also help in achieving long-term financial goals such as starting a business or investing in assets.

In conclusion, saving money is a good habit that can bring numerous benefits to individuals. It not only helps in preparing for unexpected events but also leads to financial stability and independence. Therefore, it is essential to develop this habit from an early age and make it a part of our daily lives.

As the saying goes, “a penny saved is a penny earned,” and by following this principle, we can secure a better future for ourselves and our loved ones. So let us all start saving today! # Keep Saving! Start Saving now!

Essay on Money and Credit:

Money and credit are two fundamental concepts that play a crucial role in our daily lives. Money is a medium of exchange that enables us to buy goods and services, while credit allows us to access funds without having to pay the full amount upfront. In this essay, we will discuss the relationship between money and credit and their importance in our economy.

Money is a universal currency that facilitates trade and commerce. It comes in various forms such as coins, paper notes, and digital currency. Without money, the barter system would still be prevalent where goods were exchanged directly for other goods.

However, this system was inefficient as it required a coincidence of wants between two parties. Money eliminates this problem by providing a common medium of exchange accepted by everyone.

On the other hand, credit is an essential aspect of modern economies as it allows individuals and businesses to access funds for various purposes. It can be in the form of loans, mortgages, or credit cards. Credit enables people to invest in their future by purchasing a house or starting a business without having to save up all the money beforehand. It also provides short-term financing options for emergency situations or unexpected expenses.

Money and credit are closely intertwined as the availability of credit depends on the amount of money in circulation. When there is more money available, interest rates tend to be lower, making it easier for individuals and businesses to access credit. Similarly, a lack of confidence in the economy or a shortage of money can lead to higher interest rates, making it more challenging to get credit.

In conclusion, money and credit are crucial components of our economy. They enable transactions to take place smoothly and provide opportunities for individuals and businesses to invest in their future. It is essential to understand the relationship between money and credit to make informed financial decisions that can benefit us in the long run.

Money is undoubtedly an important part of life. But it is not the only thing. As these essays explain with clear facts and examples, meaning, importance or power of money in life. These essays are written in simple English for high school and college level students to assist them in their exams.

Reader Interactions

May 14, 2022 at 12:41 am

Without money and without happiness u can’t live both are very important for a healthy life❤👑

May 21, 2022 at 5:25 pm

260 Money Topics to Write About & Essay Examples

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

🏆 Best Money Essay Examples & Ideas

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

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

Can Money Buy You Happiness? First of all, given that happiness is related to the satisfaction of personal needs, there is also a need to consider the essential need of human life such as housing, medicine, and food.
I Don’t Believe Money Can Buy Happiness This shows that as much as money is essential in acquisition and satisfaction of our needs, it does not guarantee our happiness by its own and other aspects of life have to be incorporated to […]
Connection Between Money and Happiness Critical analysis of money-happiness relationship shows that socioeconomic factors determine the happiness of an individual; therefore, it is quite unsatisfactory to attribute money as the only factor and determinant of happiness.
Money as a Form of Motivation in the Work Place This then shows that money can and is used as a motivational factor in the work place so that employees can strive to give their best and their all at the end of the day.
Money: 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.
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.
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.
Strategies to Save and Protect Money Thus, the main points of expenditure will be clearly marked, which will help to exclude the purchase of unnecessary goods and services.
Money 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.
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, 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 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.
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.
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 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.
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.
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 […]
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.
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.
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 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 […]
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.
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.
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.
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 […]
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 […]
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 […]
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.
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.
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 […]
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 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.
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.
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.
Are Workers Motivated Mainly by Money? Related to the concept of work and why people work is the original concept developed by Karl Marx in the so-called conflict theory.
The Lebanese-Canadian Bank’s Money Laundering The bank was later banned from using the dollar by the American treasury; this resulted in the collapse and eventual sale of the bank.L.C.B.had to pay a settlement fine of one hundred and two million […]
Money, Happiness and Satisfaction With Life Nonetheless, the previously mentioned examples should be used to remind us that money alone is not a guarantee of happiness, satisfaction with life, and good health.
The Ascent of Money: A Financial History of the World The succinctness of this book lies in the critical analysis and emphasis of the financial history of money in spite of the fact it has impeded some important functions of the global economy.
Exploring the Relationship Between Education and Money A person cannot be able to change his/her ascribed status in the society, but only through education a person is able to change his/her Socio-economic status and to some extent that of his/her family once […]
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.
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 […]
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 […]
Blowing Bubbles in Ferguson’s “The Ascent of Money” Moreover, the author shows the connection and similarities between the present collapse of a stock market and the Enron default along with a Mississippi Bubble of the eighteenth century that was created by John Law, […]
Time Value of Money Compounding was done on the amount that I had lent out using the market rate over the duration of time the person held my money.
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.
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.
“College Is a Waste of Time and Money” by Bird Bird’s use of logical fallacies, like if students do not want to go to college, they should not do it until the reasons of their unwillingness are identified, proves that it is wrong to believe […]
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 […]
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.
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.
Giving Money to the Homeless: Is It Important? The question of whether a person should give money to a homeless person or not is a complicated one and cannot have the right answer.
The 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 […]
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 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 […]
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.
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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.
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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.
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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.
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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 […]
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World Money History in the 20th Century and New Objects of Value
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How to Write a Short Essay in English

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Writing clearly and concisely is one of the best skills you can take from school into professional settings. A great way to practice this kind of writing is with short essays. A short essay is any essay that has a word count of fewer than 1,000 words. While getting assigned a short essay might seem preferable to a ten-page paper, writing short poses its own special challenges. Here, we’ll show you how to write a convincing short essay in five simple steps.

What is a short essay?

A short essay is any type of essay condensed to its most important elements. There is no universal answer to what a short essay length is, but teachers generally assign short essays in the 250- to 750-word range, and occasionally up to 1,000 words.

Just because the essays are short doesn’t mean the subjects must be simple. One of the greatest challenges of short essays is distilling complex topics into a few telling words. Some examples of short essay topics are:

The advantages and disadvantages of social media
The pros and cons of online learning
The influence of music on human emotions
The role of artificial intelligence in modern life
The ways that climate change affects daily life

Why write short essays?

Short essays have a number of advantages, including effective communication, critical thinking, and professional communication.

Effective communication: In the short essay, you don’t have the space to wander. Practicing short essays will help you learn how to articulate your message clearly and quickly.

Critical thinking: Writing a short essay demands the ability to think critically and identify key points that support the central thesis. Short essays will help you hone your ability to find the most relevant points and shed irrelevant information.

Professional communication: Whether it’s writing a persuasive email, a project proposal, or a succinct report, the ability to convey information effectively in a brief format is a valuable skill in the professional world.

Developing writing skills: As with all writing practice, short essays provide an excellent platform for you to refine your writing skills, such as grammar, sentence structure , vocabulary, and coherence. The more you practice crafting short essays, the more your overall writing proficiency improves.

How to write a short essay

The tactics you use for longer essays apply to short essays as well. For more in-depth guides on specific types of essays, you can read our posts on persuasive , personal , expository , compare-and-contrast , and argumentative essays. Regardless of the essay type, following these five steps will make writing your short essay much easier.

Don’t be afraid of learning too much about a subject when you have a small word count. The better you understand your subject, the easier it will be to write clearly about it.

2 Generate ideas

Jot down key points, arguments, or examples that you want to include in your essay. Don’t get too wrapped up in the details during this step. Just try to get down all of the big ideas that you want to get across. Your major argument or theme will likely emerge as you contemplate.

Outlines are especially helpful for short essays because you don’t have any room for excess information. Creating an outline will help you stay on topic when it comes time to write.

You have to actually write the essay. Once you’ve done your research, developed your big ideas, and outlined your essay, the writing will come more easily.

Naturally, our favorite part of the process is the editing . The hard part (writing) is done. Now you can go back through and make sure all of your word choices make sense, your grammar is checked, and you have cleaned up any unessential or irrelevant information.

Short essay examples

Why small dogs are better than big dogs (209 words).

Small dogs are beloved companions to many, and their unique qualities make them a perfect fit for some pet owners. In this essay, we explore why a small dog might be the right choice for you.

Firstly, the compact size of small dogs makes them ideal for people living in apartments or homes with limited space. As long as you can get your furry friend to fresh air (and grass) a couple of times per day, you don’t have to worry about having a big yard.

Secondly, small dogs require less food, which can be advantageous for those on a budget.

Small dogs are also easier to handle and control. Walks and outdoor activities become less physically demanding, making them a preferable choice for children, the elderly, or those with limited strength.

If you travel a lot for work or family, small dogs are much easier to bring along than their larger counterparts. Some travel companies make dog carriers that tuck neatly under a bus or plane seat.

In conclusion, small dogs offer a multitude of benefits, from their limited space requirements and economic advantages to their ease of handling and portability. These charming qualities undoubtedly make small dogs a cherished choice for pet owners seeking a new companion.

Why big dogs are better than small dogs (191 words)

Big dogs, with their impressive presence and gentle souls, have captured the hearts of countless pet owners. In this essay, we explore why big dogs are better pets than their smaller counterparts.

Firstly, big dogs exude an aura of protectiveness and security. Their size alone can act as a deterrent to potential intruders, making them excellent guard dogs for families and properties. Their mere presence provides reassurance and safety.

Secondly, big dogs tend to have more energy and strength, making them suitable partners for various outdoor activities and adventures. Hiking, jogging, or simply playing fetch becomes an enjoyable experience, fostering an active and healthy lifestyle for both pet and owner.

Lastly, big dogs often have a gentle and patient demeanor, especially when interacting with children and other pets. Their calm nature can bring a peaceful or grounding presence to otherwise chaotic homes.

In conclusion, big dogs possess a captivating blend of commanding protectiveness, physical capacity, and gentle disposition. These qualities make them exceptional companions, providing both security and emotional fulfillment. Big dogs are a great choice for potential pet owners looking for an animal with majestic appeal and a loving heart.

Short essay FAQs

A short essay is any essay that is shorter than 1,000 words. Teachers often assign short essays to teach students how to write clearly, coherently, and concisely.

When do you write a short essay?

Short essays help students practice effective communication, critical thinking, and persuasive writing. While short essays are often assigned in school, they are also useful in professional settings for things like project proposals or reports.

How do you format a short essay?

Short essays should be formatted according to your teacher’s guidelines or the requirements of your workplace. Check your assignment for the word count and stick to it. Make sure your essay flows logically from one idea to the next by presenting a clear thesis, using strong topic sentences, and providing a concise conclusion.

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Academic Writing

How to Write a Short Essay

Last Updated: January 17, 2024 Fact Checked

This article was co-authored by Christopher Taylor, PhD . Christopher Taylor is an Adjunct Assistant Professor of English at Austin Community College in Texas. He received his PhD in English Literature and Medieval Studies from the University of Texas at Austin in 2014. There are 12 references cited in this article, which can be found at the bottom of the page. This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources. This article has been viewed 111,771 times.

Essay writing is a common assignment in high school or college courses, especially within the humanities. You’ll also be asked to write essays for college admissions and scholarships. In a short essay (250-500 words), you will need to provide an introduction with a thesis, a body, and a conclusion, as you would with a longer essay. Depending on the essay requirements, you may also need to do academic or online research to find sources to back up your claims.

Picking a Topic and Gathering Research

If you have any questions about the topic, ask your instructor. If your essay doesn't respond to the prompt, you likely won't receive full credit.

Step 2 Choose a single arguable point for your brief essay.

If you're writing an essay for an in-class test or for an application, tailor the essay to the given prompt and topic. Quickly brainstorm a few ideas; for example, think of positive things you can say about yourself for a college-entrance essay.
For example, the topic “depression in American literature” is far too broad. Narrow down your topic to something like “Willie Loman’s depression in Death of a Salesman .”
Or, you could write about a narrow topic like “the increase in the USA’s national debt in the 1950s” rather than a broad topic like “the American economy in the 20th century.”

Step 3 Find 1-2 appropriate secondary sources in an online research database.

Depending on the field in which you’re writing the essay—e.g., hard sciences, sociology, humanities, etc.—your instructor will direct you towards appropriate databases. For example, if you’re writing a high-school or college-level essay for your English class, visit online literary databases like JSTOR, LION, and the MLA Bibliography.
If you're writing the essay for a college or graduate-school application, it's unlikely that you'll need to include any secondary sources.
If you're writing a timed or in-class essay, you may not be able to find research articles. But, still do draw information from texts and sources you've studied both in and out of class, and build from points made in any provided reading passages.

If you’re writing about current events or journalism topics, read articles from well-known news sites like CNN or the BBC.
Avoid citing unreliable websites like blogs or any sites that have a clear bias about the topic they’re reporting on.

Composing the Essay

If you write the essay without outlining, the essay will be poorly organized.

This thesis statement is far too weak: “ Death of a Salesman shows the difficulty of living in America after WWII.”
Instead, hone your thesis to something like: “Arthur Miller uses Death of a Salesman to show that the American Dream is materialist and impractical.”

Step 3 Use your introduction paragraph to explain the essay’s topic.

So, avoid beginning the paragraph by writing something like, “Since the beginning of time, all people have been consumed with the desire for their father’s approval.”
Instead, write something like, “In the play Death of a Salesman , Willie Loman’s sons compete for their father’s approval through various masculine displays."
Then, you can say, "To examine this topic, I will perform a close reading of several key passages of the play and present analyses by noted Arthur Miller scholars."

Step 4 Keep the introduction and conclusion under 75 words each.

In a short essay, the conclusion should do nothing more than briefly restate your main claim and remind readers of the evidence you provided.

Step 5 Use body paragraphs to prove various aspects of your central argument.

So, take the example about Death of a Salesman . The first body paragraph could discuss the ways in which Willie’s sons try to impress him.
The second body paragraph could dive into Willie’s hopelessness and despair, and the third paragraph could discuss how Miller uses his characters to show the flaws in their understanding of the American Dream.

Step 6 Add information from your research sources to strengthen claims.

Always cite your sources so you avoid charges of plagiarism. Check with your instructor (or the essay prompt) and find out what citation style you should use.
For example, if you’re summarizing the inflation of the American dollar during the 1930s, provide 2 or 3 years and inflation-rate percentages. Don’t provide a full-paragraph summary of the economic decline.
If you're writing an in-class essay and don't have time to perform any research, you don't need to incorporate outside sources. But, it will impress your teacher if you quote from a reading passage or bring up pertinent knowledge you may have gained during the class.

Step 7 Ask someone else to read your first draft.

If no one agrees to read the essay, read over your own first draft and look for errors or spots where you could clarify your meaning. Reading the essay out loud often helps, as you’ll be able to hear sentences that aren’t quite coherent.
This step does not apply to essays written during a timed or in-class exam, as you won't be able to ask peers to read your work.

Step 8 Revise the first draft into the final essay.

It’s always a mistake to submit an unrevised first draft, whether for a grade, for admissions, or for a scholarship essay.
However, if you're writing an essay for a timed exam, it's okay if you don't have enough time to combine multiple drafts before the time runs out.

Condensing Your Essay

Step 1 Quote only from secondary sources that are related to your topic.

So, if you’re writing about Death of a Salesman , an article about symbolism in Arthur Miller’s plays would be useful. But, an article about the average cost of Midwestern hotels in the 1940s would be irrelevant.
If you’re writing a scholarship essay, double-check the instructions to clarify what types of sources you’re allowed to use.

Step 2 Remove verbiage to keep your essay under the word count.

A common cliche you might find in an essay is a statement like, "I'm the hardest working student at my school."
For example, this sentence is too verbose: “I have been a relentlessly stellar student throughout my entire high school career since I am a seriously dedicated reader and thoroughly apply myself to every assignment I receive in class.”
Shortened, it could read: “I was a stellar student throughout my high school career since I was a dedicated reader and applied myself to every assignment I received.”

Avoid writing something like, “Willie Loman can be seen as having achieved little through his life because he is not respected by his sons and is not valued by his co-workers.”
Instead, write, “Arthur Miller shows readers that Willie’s life accomplishments have amounted to little. Willie’s sons do not look up to him, and his co-workers treat him without respect.”

Step 4 Present only the most relevant argument in your essay.

For example, if you’re trying to prove that WWII pulled the USA out of the Great Depression, focus strictly on an economic argument.
Avoid bringing in other, less convincing topics. For example, don’t dedicate a paragraph to discussing how much it cost the USA to build fighter jets in 1944.

Short Essay Template and Example

Expert Q&A

When composing the text of your essay, resist the temptation to pull words from a thesaurus in an attempt to sound academic or intelligent. Thanks Helpful 0 Not Helpful 0
If your high school or college has an online or in-person writing center, schedule an appointment. Taking advantage of this type of service can improve your essay and help you recognize structural or grammatical problems you would not have noticed otherwise. Thanks Helpful 0 Not Helpful 0

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Essay on Money

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

Short and Long Essays on Money in English

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

Money Essay 10 Lines (100 – 150 Words)

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

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

3) In 1861, currency notes were established.

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

5) People work hard to earn more money.

6) We can buy services and goods through money.

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

8) Money is required to fulfill our dreams.

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

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

Essay 1 (250 Words) – Money

Introduction

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

Barter System

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

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

The First Currency

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

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

Essay 2 (400 Words) – Money and Its Types

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

Different Types of Money

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

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

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

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

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

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

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

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

How Money Came into Existence

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

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

Type of Money

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

Uses of Money

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

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

Characteristics of Money

There are some important characteristics of money like;

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

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

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

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

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

FAQs: Frequently Asked Questions

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

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

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

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

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

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

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

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Time is Money Essay

Essay on Time is Money

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

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

A Long Essay On Time is Money in English

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

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

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

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

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

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

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

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

A Short Essay on Time is Money

100 words essay on time is money .

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

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

Conclusion

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

FAQs on Time is Money Essay

1. Which is more valuable among time and money?

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

2. Is correct time utilisation necessary?

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

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

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

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

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

Pick a topic with which you’re familiar.

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

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

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

Cite your sources and evidence, if required.

5. What are the different types of essays?

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

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

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

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

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

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

The following constitutes a good essay

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

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

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

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

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

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

When the essay is holistic and multidimensional.

Balanced and neutral.

When the essay makes suggestions for problem-solving options.

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

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

Time is Money Essay in English for Children and Students

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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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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Time is Money Essay

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

Long and Short Essay on Time is Money in English

Below we have given long and short essay on Time is Money. All the Time is Money essay have been written in simple language using simple vocabulary so that they could be memorized easily, if needed.

After going through these essays you will know – what is the meaning of the phrase “Time is Money”; reason for time is more precious than money; what is the expansion of the phrase “Time is more than Money”; a short story on time is money etc.

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” denotes a relationship between time and money i.e. to earn money you have to properly utilize the time you have. It is only when you spend your time in fruitful activities that you will prosper and wasting time, doing nothing will one day drain your finances.

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

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 if they waste time and didn’t study well, then getting a decent remuneration will not only be difficult, but also impossible.

Time is money for every hard working worker, professional, businessman, student etc. A businessman decides how to use his time on his own, while an employee gives his/her time to the employer in order to get paid. We all are free to spend our time the way we want, but this is also true that, wasted time doesn’t generate any money.

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

Introduction

We all agree to the fact 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. In fact there are some explanations which 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 in the support of the statement “Time is More Precious than Money” is – money once lost could be regained, but time if lost can never be recovered. The amount of money one has fluctuates with time, that is, you might be poor today but tomorrow you may be rich, or vice versa.

Time, on the other hand is an ever progressing phenomenon, changing every second, as I am writing this line. If for some reason I decide 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. There could be more examples that establish the statement “time is More Precious than Money” as an established fact.

Consider an affluent person who is in an urgent need of medical care, but is unable to get it as 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 that he needs. Indeed in practical situations like these, it is proved beyond doubt that time is more precious than money.

Time is worth more than money as money is a commodity which 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 as more valuable than money since one can spend time to earn money but the 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 time machine. Everyone gets a limited time but only an intelligent person utilizes it in a very fruitful and productive way.

Expansion of Phrase “Time is more than Money”

The literal meaning of the phrase showcases the importance of time and how it is considered as more valuable than money. You can do more with a day’s time than a day’s pay. The time spent with our friends, family and close ones remains in our memories irrespective whether we have money or not. Time is more precious than money because though a person is 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 and 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 once spent could be earned back. The availability of time remains same for rich and poor but the money is available to rich but not 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 increased by earning it more. Time is not constant and keeps on moving whereas money could remain constant for some time. The value of money might decrease over a period of time but value of time remains constant forever.

In the materialistic world, people consider money as 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 are not able to spend quality time with their family. It is also said that people spend time in earning money but finally don’t get time to spend that money. Proper time management always makes a person successful and respectable in the 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 very important than money, if someone wastes time s/he will lose money for sure. Moreover, time in a way is more precious than money as it cannot be purchased by money. The time that is lost, no amount of money in the world can help you bring it back into your life.

Reason for Time is Important than Money

Time is more valuable than money, is an established 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 time that is already gone.

Ever wonder what makes the difference between success and failures. Everyone, from a layman to a high ranking professional has the same 24 hours at his/her disposal. It is how they have used those 24 hours that has made all the difference in their lives. A successful person always uses his/her time efficiently to earn money and progress. It is through time that money is earned and you can’t earn a penny by simply wasting the time. This statement itself establishes that time is more valuable than money.

Time is something that is given to you and you have all the rights to use it the way you want, just like money. But, there is a difference – if you lose or spend some of your 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.

A patient who is rushing to the hospital to get medical attention probably knows that time is much 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 is able to save his own life.

Consider an entrepreneur who wants to be on time for his/her first big business deal. He would probably take the fastest mode of travel, not minding the expenses. Why? Because he knows that in this situation, time is much more important than money. The success of his first deal, his reputation and his future in this moment depends 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 of time in his/her life. Whether one agrees or not, but it is a well established and proven fact that time is indeed more valuable than money.

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

The statement “Time is Money”, is an equating statement, implying that time is equivalent to money. The statement establishes a direct proportionality between the two, that is, if you lose/waste time you will lose money and if you use time you will gain money. It is a proverb which 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; go through the explanation of the phrase and finally concluding the essay with a conclusion.

Meaning of ‘Time is Money’

The phrase “Time is Money” is a very simple phrase with a clear meaning. The statement simply puts time in equal terms with money that is if I waste my time sitting at home then I will gain no money. To earn the money that we want, we have to move out of our homes to make use of time that we have. It is only by effectively utilizing our time that we will be able to progress financially in life.

‘Time is Money’ Short Story

I am going to present an interesting and equally emotional story based on the phrase “Time is Money”. Once there lived a little boy in a small town, with his parents. His father worked hard in a factory to sustain their needs.

One evening, when the father came home from office, tired and as usual a little late, for the kid had already eaten his dinner. The boy suddenly put up a question to his father – Dad how much do you earn in a day? Father was not very pleased with the question and replied with – that’s none of your business! Why do you want to know? But the kid insisted saying that he just wanted to know out of curiosity. After some reluctance, the father told him that he earns thousand rupees in a day. 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 of what went wrong, retrieved to the room and went to bed.

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

Happy with joy, the child thanked his father and proceeded to his table drawer, took out the money that was already lying 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 father in tears. The kid said, father I had collected Rs 900 over a long time, but today when you gave me Rs 100, that made my savings equal to your one day’s earning. So, may I request you to take all this money 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 will be on leave.

Time is Money – Explanation

“Time is Money” is a proverb indicating the relationship between time and money. It suggests that when in order to gain financial growth one has to make use of the time at his/her disposal. A doctor who sits in his clinic will generate more income by sitting a little longer; a taxi driver will earn more money as s/he spends more time driving; a supplier who supplies goods on or before time, can’t afford to waste time, as it would mean lesser profits.

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

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