In this essay we are going to talk about the Essay On Money. The term money is very essential for every people. One can not live without money in life. Money can be described as a thing which helps to fulfill all our dreams, requirements and what not. The whole world is running for money and with money. Money is basically a medium to evaluate the value of any product.
Short Essay On Money
There was a barter system before the invention of money. In that system, people used one commodity to exchange other commodities. But the barter system was not that useful. People used to face many problems buying any product or selling any product. After the existence of money value evaluation became very easy for both of the buyers and sellers. In the barter system, there were some strange things such as cattle, household things, grains etc. for exchanging things.
The main problems for the following barter system is that the shape, size and quantity of the products are variable which could not evaluate the value of the product easily. In the case of cattle, its value is reduced as time passes. Greeks were considered as the first people to use metal coins for exchanging products. The evolution of money happened with the evolution of metal coins. After that paper currency evolved. Nowadays people do not give value to metal coins instead of paper notes.
What are the qualities of money?
Following are the quality of the money which should be maintained.
- Portable nature : Money should not be bulky in nature otherwise it would be very difficult to carry in long distances. If it is small and easy to carry in pocket then it is very good for people.
- Long lasting : Money should have the nature of long lasting. Otherwise the value will be reduced in a very short time period.
- Should not be easily available : The availability of money should not be very easy. Otherwise people will not give importance or give value to money. We know whatever we get easily is not taken care of after a certain time. And if we get something after some struggles we take care of those things very carefully.
- Fixed value : The value of money should not be varied much. It should be fixed. Otherwise people will fight for that. For example, one person buys a fruit for 20 rupees but the same fruit another person buys for 10 rupees. Then there will be a misunderstanding between the buyer and the sellers.
- Adaptability : Money should be adaptable widely. All people from early to older age should adopt money and understand it’s value and importance. For instance, if one person is working in your house but he refuses to accept the money then there will be a problem about the value of his/her service.
- Easy to divide : Money should be divided as a very small amount so that it is cheaper to buy products that are less costly.
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The difference between coins and paper currency
Coins were the first currency before the evolution of the note. There is some difference between the utilisation of notes and coins. Coins are more easy to divide in units such as there is one rupee, one rupees or five rupees coin even more there was fifty paisa, twenty five paisa was present in a certain time. Whereas notes can not be divided like coins. Coins are more suitable to use to buy small amounts of products or less costly things. For example, if you want to buy 10 kilogram of potato then you will need paper notes but if you willing to buy one lollipop you need to carry coins.
On the other hand notes are easy to carry as they are very thin in nature and the weight of notes is less. While the weight of metal coins are heavy as they are made up of metals. If you want to purchase some expensive products, then you have to carry a mammoth amount of metal coins, which is very hard to carry for any person. That is why the use of coins is less nowadays.
People are feeling more comfortable to carry notes than coins. Moreover, coins make an awkward sound when they are placed together as they are made up of metal. Suppose you are walking in the road and the coins present in your pocket are making that awkward sound which will embarrass you at that moment. Whereas notes never produce any kind of sounds whether they are placed together in the same wallet or the same pocket.
Importance of Money
As I earlier mentioned, money is the most crucial things in our lives. There are some important points to describe the importance of money in our lives.
Conclusion
You must have heard that most people say money does not matter and looks does not matter in life. But in real life you never can put a single step up without money. Though this sounds good, people should keep away from the imaginary world and see the reality. Otherwise the future will be very difficult. It is true that money can never buy happiness for you. But money can provide all the resources that can be used to make you happy in life.
We can not use the daily essential things like foods, clothes and shelters without money. Moreover, it provides you with social security and all the beneficial elements that are needed to survive in life. Everybody knows money is very essential but it has some dark side. Money sometimes ruins someone’s life. People who have the Intoxication of money try to earn money in any way at any cost. That is the reason people make faults and then commit various Crimes such as snatching bags, purses, kidnapped childs etc.
And for money only some good relationships also get spoiled. Humiliation, rape, snatching are also increasing day by day for money only. People should first understand the importance of money in life and then they have to learn how to earn money. It is not obvious that everybody will get money without working. If you work hard you will be most successful in one day. Honest people do not have much money but they get peace in life.
It is very cool to waste money on water. If you have money then learn to use it in the right way. You should go for savings instead of wasting that without any reason. Because no one can tell what will happen in the future. May you not have that much money in future or suddenly some crisis can happen where you need a huge amount of money. If you have savings you can use that money in that critical moment.