Money cannot buy you happiness but it can definitely make your life easier. We cannot deny the importance of money in our life. Money provides you with liberty and options. If we have a good income or economic resources, we can choose how and where we want to spend our life accordingly. On the other hand, choices are almost non-existent if you do not have much money. We invest a majority of our day – 8 hours or so – in aspiration of money. Nobody would spend their entire day pursuing something if it were not the most important thing in life.
Here we have listed some of the reasons which make money so important in our life.
1. Pays for necessary stuff
Money pays your house rent, electricity bill, property tax, car loan payment etc. Money buys you food, transportation, clothing, entertainment etc. It can get you an education. You go to college in order to get a good job later. A good job will get you a good salary. So, we all work for money in some way or the other. It pays for your day-to-day necessities. Money is the most essential asset that can buy you comfort and luxuries of the world.
2. Makes future secure
Money is of maximum importance if we want to lead a standard life. Without the needed input of ‘Savings’, no financial planning can be done. Money protects you from ill health. It acts as a shield in your bad times. It guards your family members in the bad times. You can spend time with your family and loved ones rather than struggling to make ends meet. It will act as a blessing for you in your old age. Provident Fund is a really beneficial scheme for a retirement plan. You need not depend on anyone for necessities when you are old. Your savings can do that for you.
3. Security of future generations
Money works as a great means for our coming generations. It helps them to fulfil their dreams. They are served with choices that we never had. Everyone plays the hand they’re dealt. It gives them an access to better opportunities and proves to be a better medium in every field. Investing money in Fixed Deposits, various schemes like Life Insurance, etc. prove to be beneficial after your death for your family and future generations. They are protected financially even at the time of crisis.
Recommended for you:
20 Ways Students Can Earn Money Online
4. Makes a difference in the world
Spending your money for a good cause to make a difference in the world will definitely buy you happiness. Money can offer a helping hand to the needy and poor people. It would help to ignite a cause brighter. You can organize health camps, blood donation camps, health checkup camps etc. with the help of NGOs. You can donate money for the construction of schools for underprivileged kids, hospitals for poor etc. You can channel your money in a different manner by investing in a certain business which is not only beneficial for the investor but also for people in need. Seeing your money go for a good cause will give you satisfaction.
Hence, we have concluded that money is really important to us. We cannot just overlook the importance of money. It is a non-negotiable and indispensable commodity in our life. Everything we use in our lives has a monetary value. Its power is unquestionable. Money can prove to be your best friend in today’s world. Money can be your strength. A person who has a lot of money is supposed to have the greatest power in the community amongst others. But we must decide how much money is enough for us and that shall be the extent you should not cross over.