Importance Of Money In Life

In simple terms, we can say that money is a medium of economic exchange. Before money was introduced, people used to trade in a barter system, where both parties agreed to exchange their commodities. But people realized in this way, there is a loss of value of certain commodities. Then the monitory system was introduced. Money is a commodity accepted by general consent as an economic exchange. It is the medium in which values and prices are expressed.

There is a popular saying that money is not everything in life. Yes, it is true, but money is a very important thing in life. We need money from the day we come to this world to even after our death. Even when you will die, you will require money to perform the last rituals of your body. 

Money can bring you:

Fame, Power, A big house, A big car, Yearly vacations, A happy and wealthy family, Good education, Good health, and many more

But on the other hand, as mentioned money is not everything, it can take away a few things too.

Money takes away your time, your peace of mind, your happiness, your morals, and sometimes your dear ones too. 

Money can give you temporary happiness but can take away your permanent happiness. Still, it is very important in everyone’s life. Today we will be discussing why and how money is important in life.

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1. You Will Be Independent

Money gives you the power to be independent of yourself. You don’t depend on others for your daily life’s expenses. You earn your own, spend your own, save your own, it gives you the power to live your life by your rules. You can take your own decisions independently. For example, you are staying with your parents. You see a house nearby and you really want to buy it. So you ask your dad for money, but he denied. Can you buy the house then?

This would not happen if you have your own money. You will be self-sufficient. You don’t have to ask someone to fulfill your needs and wants. You can buy the house with your money.

2. Money Give You So Many Choices

Money gives you the power to choose. You can decide where and how you want to live if you have good financial resources. You can choose what you want to eat or wear every day. On the other hand, if you don’t have much money, you can’t afford to make choices. You will have to accept whatever you get, or the choice available to you won’t be a choice. You will never see a poor kid throwing tantrums at their parents like rich kids. They try to be happy with whatever they have.

3. Money Will Help You To Live Your Dream

Money can help you to fulfill your dreams. It’s not like that if you don’t have money, your dreams won’t be fulfilled, but people who have money are privileged. They need to struggle less as the powerful money makes way for them. For example, A and B both want to study abroad. A is rich and B does not have much money. A can easily get admission in any college with the power of money whereas B has to study hard and get a scholarship in order to get admission In the same college. Similarly, if you want to set up a business or want to buy your dream house, money paves the way for you.

4. You Will Get Better Education

How many cases can you see on a daily basis where students drop out of schools or colleges just because they cannot pay the money? And among those, who are continuing their studies, how many of them are getting a quality education?  Not only to pay school fees but to buy books, uniforms, and stationery too, one needs money. If you have the money you can afford a quality education and can grow in life. People with less money are stuck to basic education only as in most of the cases they can’t afford that.

5. You Will Be Able To Take Care Of Your Health

money gives you better health. You can buy healthy food if you have money. You can visit doctors in private hospitals, you can buy medicines, you can have a nutritious meal 3 times a day. And to buy the daily staples you need money. Have you ever seen a kid from a slum area with good health? Kids in that area are always undernourished or malnourished. That is because they can’t afford a full course meal 3 times a day, which is very important for their growth. They don’t have access to health facilities and proper sanitation, as a result, their health is not good.

6. You Can Live Good & Quality Life

Money can buy you a quality and luxurious life. A big house, a car, expensive furniture, good food on the table,  a vacation every year, branded clothes and shoes, all these things are possible only if you have money. Though one cannot guarantee all this will make you happy, but still you will have a quality standard life. If you don’t have money, you can hardly afford two square meals and a roof over your head to provide you shelter. Not only for you but with money you can provide a good life to your family members too. There will be better education and health facilities available to them, resulting in a quality of life for them as well. 

7. You Can Afford To Have Fun

You can afford to have fun only if you have money. Of course, poor people do have fun too in their life, but it is less fun and more struggle, unlike rich people, who can have fun anytime they want. Let us understand this with a very basic example: people with money go outstation for trips or to spend vacations or even to complete studies. People with less or no money go out of the station in search of work. If you don’t have money, fun is not something you can afford. After all, you cannot have fun in an empty stomach.

8. You Can Easily Save Money For Your Future

The concept of saving is not for people with less money. A person who barely earns a living and needs to spend all of that in this daily expense, how can he think of a concept of saving? On the other hand, if you have a stable source of income, you can practice saving money for the future. Saving is when your income is more than expenditure, which is mostly not possible in the case of people with less money as they, their expenditure is always more than their level of income.

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Conclusion:

So guys we have shared with you how money is important for your life.  Hope you find this read helpful.

Share this article with your friends and do check out other articles too. And do tell us how what you think about the importance of money in life by commenting below. And if you wanna ask any questions, leave it in the comment section, we will reply in a short time.

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