the importance of money

Very good observation! It is true that money can enslaven us and when it comes to the big bucks, we tend to choose the cash over our family! Its human tendency to love money! However, MOST WRONG thing to do! I know many families who are poor but extremely happy, but opposite for rich families

Well, I think that money is that very important thing that almost every person existing on the face of earth needs to live. Money is what we need to have in any circumstances to breathe.Money is surely very important for our lives. If we don't possess money, in no time span, we will be found on a footpath and that too without any food, clothing and shelter. Money is needed by parents to educate their children and turn them from nobody to somebody. Children, in turn need money to support their parents as well as their families. Businessmen requires heavy sums of money to start their business, invest and then establish themselves as well-known businessmen in the market of business.Many people quote that if one desires and wishes to be happy and to see and witness his family being happy, then the only key to this happiness is a large amount of income. People also claim that if a person says that money can not make anyone happy, then this means that he had never possessed any money! I know that it is funny and tremendously hilarious! So, to conclude, according to my opinion, money is extremely significant for a man to lead his life happily and comfortably! Money has acquired immense significance and importance in a modern economy. Money has made possible to produce large number of goods with different varieties. It helps the procedures to purchase the raw materials, combine different factors of production and make payments to them. Money helps the producers in assessing the cost of production. If facilities borrowing and leading, helps in calculating rates of interest and making an estimate of profit for the producer. Money helps the consumer to get maximum satisfaction from his available resources. If gives the consumer the power to make the purchase of goods. If enable, him to draw up a budget. The consumer, with the help of money, can arrange all his expenditure in such a manner that he gets maximum satisfaction. Money has helped in removing all the defects and shortcoming of barter economy. Prices are now freely determined with the help of money. Due to money, there is significant flow of internal and foreign trade in economy. Distribution of income to the different factors of production is made in terms of money. Money has made possible to work out the marginal productivity of each factor of production. The allocation is thus greatly solved through the use of money.

The happiness of my family is more important than solely money. But I'd lie if I said money was not important for me at all. I like living quality life (going to the theatre, buy some new clothes, going to concerts, eating food I like), so in that sense, I'm a bit dependent on money. But I won't be a workaholic money-minded person.