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why do we need money in our life?

we need money in our life

By Budhirai TripuraPublished 11 months ago 4 min read
why do we need money in our life?
Photo by Giorgio Trovato on Unsplash

Money is essential for meeting our basic needs such as food, shelter, and clothing. Without money, it is impossible to obtain the things we need to survive. Education: Money plays a significant role in education. It enables us to pay for school fees, buy books, and access other educational resources.

Money impacts our well-being, relationships, opportunities, and the world around us. It serves as a tool for personal growth, independence, and the pursuit of dreams. Making a budget and sticking to it is more important than earning a large salary.

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 it represents something valuable.

Money facilitates commercial transactions, enabling people to obtain the resources to survive and to thrive from others.
Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.

To summarize, money has taken many forms through the ages, but money consistently has three functions: store of value, unit of account, and medium of exchange.

Without money we would be forced to obtain goods and services from each other through a barter system.


Money can't buy happiness, but it can buy security and safety for you and your loved ones. Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.
In addition to basic needs, money enables us to improve our quality of life. It allows us to afford education, healthcare, and other services that contribute to a better life. For instance, a good education can lead to better job opportunities, and quality healthcare ensures that we stay healthy.
Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.

Money is simply a medium of exchange. - Without money we would be forced to obtain goods and services from each other through a barter system.

With greener energy sources and healthier communities being implemented at a growing rate, natural living is already a reality, but may be made much more mainstream in the future to come. “For over 90 percent of our time on the planet, a period when we lived much more ecologically, we lived without money.
Your primary purpose in life is not to make money nor is your self worth attached to your net worth. Money is a powerful tool so give it the respect it deserves. Money is an area we focus on because it is where most of humanity puts their refuge.
The importance of money comes from its ability to provide efficient transactions in an economy. It is a means of exchange. Money is one of the most important tools in an economy as it allows transactions. In the absence of money, the transactions would become inefficient, and the economy will not be able to produce.
The word "money" comes from the Latin word moneta, which means "coin". It also comes through the French word monnaie.
Etymology
Moneta* is thought to have originated from the temple of Juno on Capitoline Hill in Rome. Juno was often associated with money in ancient times. The temple of Juno Moneta was the location of the mint of Ancient Rome.
History of money
The first known use of money was in the 14th century.
Metals like iron and silver have been used as money throughout history.
The earliest coins were made of electrum, a natural mixture of gold and silver.
The value of the metal was initially measured by weight, but governments eventually stamped it to avoid the need for weighing.
Money in economics
The money market is an important part of the economy because it allows people to save, borrow, and earn a return on their savings.
The money market is made up of financial institutions and investors who trade in short-term debt instruments.
Basic Needs: Money is essential for meeting our basic needs such as food, shelter, and clothing. Without money, it is impossible to obtain the things we need to survive. Education: Money plays a significant role in education. It enables us to pay for school fees, buy books, and access other educational resources.

Money is very important to students as they have their whole lives ahead of them. Big-ticket purchases form the basis of their career advancements and thus greatly benefit from saving money.

Wealth is not his that has it, but his that enjoys it.” Andy Warhol: “Making money is art and working is art and good business is the best art.” Ayn Rand: “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.

It's your money, feel free to do what you like. But the reality is that you need money because you have a jones for an item or experience that has taken ahold of your sensibility.

Money is a tool that allows us to acquire things we need for our families' survival: food, housing, and clothing.

Money is not everything, but money is something very important. Beyond the basic needs, money helps us achieve our life's goals and supports — the things we care about most deeply — family, education, health care, charity, adventure and fun.

Success in life without money is about leveraging your time, skills, relationships, and resourcefulness. By focusing on self-improvement, building strong networks, and offering value to others, you can create opportunities for yourself, regardless of your financial situation.

Everyone has different financial weaknesses, some more common than others. These can include overspending, living beyond your means, not having an emergency fund and not tracking your money. These weaknesses can lead to financial stress and can prevent you from reaching your financial goals.



Disclaimer
The information provided in this Article post is for general informational and educational purposes only. While we strive to ensure accuracy, we do not guarantee that all information is up-to-date or error-free. The content is based on personal opinions and experiences and should not be considered professional advice.


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