Money is for Spending

MONEY IS FOR SPENDING!

Arguments-

• Money cannot buy all required things in life.

• Money has not resulted in prosperity at the individual and at the national level as well. Yet we all run for money

• Money should be saved for future expenses.

Money !!! The name produces sparkle in the eyes of one and all, world over, whenever one talks about it. Indeed so, it is in a way the lifeline of anyone’s decent existence on earth,  motivational tool for many, and for the not-so-materialistic person, a means for survival.

Having said that, it is equally important to understand that money cannot buy all required things in life. For instance, disease free health at all times, desire to control all things in life in a way one wants, and most importantly SATISFACTION. We find umpteen instances in our daily life where we see that money alone has not resulted in prosperity at the individual and at the national level as well. Yet we all run for money. Strictly speaking, most of the time we believe that spending leads to satisfaction of our wants/desires which is not the case, always.

Let us try to understand the concept of money and its related aspects. While there is no doubt that earning money is important for decent living. However, the quantum of money to be spent in relation to one’s earning is a debatable issue and varies from person-to-person, as per spending habits and prevailing custom in a society or a nation.  Generally speaking, we should first-of-all attempt to define decent living, based on one’s necessities and preferences. Having defined broadly, one should evaluate one’s earning capability in present and future  and requirement of money for achieving the goals in life for (a) basic needs e.g. food, clothing, shelter, education, health and light entertainment or hobbies ; and (b) for  meeting luxurious standard of living, if one so desires, e.g. purchasing branded clothes, spending lavishly. This is dependent on one’s taste  for such living and the earning capacity.

So while one should spend money as per requirement, it is very important to make sure that a certain amount of money, based on one’s requirement in future MUST be set aside so that in the event of  any unforeseen expenditure, one is prepared to meet the financial obligation. Also we should not forget that money may buy us many  things in life, but remaining contended with spending as per one’s ability to spend is more important in life.

Therefore to summarise, one should spend wisely to live a better life.

Works Cited -

http://lifehacker.com/how-to-stop-fighting-about-money-with-your-significant-1543085460

"How to Stop Fighting about Money with Your Significant  
Other."Http://lifehacker.com/how-to-stop-fighting-about-money-with-your-significant-1543085460. N.p., n.d. Web.