Have you ever wanted to buy something you really liked, but your parents did not let you have it? If so, then you should start saving before that precious item goes out of stock! There are many advantages to earning your own money to buy something special, such as having the item all to yourself, gaining more responsibility, and having something to treasure. If you buy the item with your own money, no one else will be able to use it except you. Buying items with your own money helps you gain responsibility and in time you will be given many new responsibilities. It is better to buy something with your own money, since you will most likely look after it more often as you bought it with hard-earned money. If you buy the item with …show more content…
Also, you will know what it feels like to actually have something to yourself. The iPhone will be yours and only yours, since no one else helped you earn the money and no one except you should be able to use it. Lastly, when you treat yourself well by spending your own hard-earned money, you will most likely also learn how to treat others well and be respectful. Additionally, if you buy an item with hard-earned money, you will gain more responsibility. Since you have your own item, you will have to look after it with greater care than other possessions. With time also comes responsibility and since you have had the discipline to buy this item, your parents will trust you with more responsibility. For example, you will be able to walk home alone and go outside for long periods of time. The more responsibility you gain, the more trust your parents will give you. You will also be able to have opportunities you never imagined you would have the freedom to do. Last but not least, you will be able to have something you treasure deeply. This item will remain with you for the rest of your life, since you bought it with your hard earned money, and it is
In the article, "But Will It Make You Happy," Stepahnie Rosenblum shows us how to be happy with less money spent and more purchasing an experience. people spent their money to find happiness, but they do not realize that the experiences had more value of material objects. I agree with the author that experiences give people more satisfaction than spending money on materials as well small things bring more happiness.
According to Maanvi Singh’s, “You Can’t Buy Happiness, If It’s An Experience”, “A growing body of research has shown that experiences tend to make people happier than material possessions...But they tended to feel more positive about experiential purchases, and their feelings about material purchases were more likely to be tinged with feelings of impatience” (Singh 2-4). One’s own adventures can generate the feeling of satisfaction and gratification within oneself, allowing a person to be truly pleased with life. A person should always give importance to their own experiences and accomplishments. Memories should be treasured by a person as they are unforgettable and things that cannot fade away. To sum it all up, touching upon one’s memories and intriguing background can make a person truly
It will help you decide if you are just buying something because you can or because you really need it. If you feel guilty, then you probably don 't need it. You probably could spend a small portion of that money to help someone else out to get something that they actually do need. And in doing so, you get much more than you would if you were to spend it on that thing that you don 't really need. You will get the satisfaction of helping someone else and knowing that you did something good in the world, and that will boost your self-worth and, in turn, help you make even more money, which is a win-win for
Owning makes people confident in themselves. Children in elementary school have ‘show and tell’ where each child brings in a material item. Children are taught that tangible things are good, which they can be. Computers can be both a good and bad thing. Computers allow for people to be informed and have access to intellectual resources, but also there are games and other ways to waste one’s time. Expensive handbags and watches create a social status drift. If one has the means, it is nice to indulge in a Rolex or Louis Vuitton purse, but it comes at a moral cost. One could use that money to donate to a charity. Owning expensive items that most people cannot afford makes people believe that he/she is better than others. When the things that one owns starts to own oneself, one’s moral conscience deters. Success is determined in todays standards by how much money one makes. This is an unfair standard because earning money does not mean one has a successful life. If one identifies with the objects that one owns, one does not have a favorable
All tangible objects have a monetary value. One way to acquire one of these tangible objects is to purchase it. In order to purchase it, you must have funds, and in order to have funds you must have some means of income, most commonly a job. Jobs are hard work, some more than others, and teach one how to have a good work ethic. Having a job and working to make your own money is great, it makes you independent and self sufficient. Earning my own money helps me realize how rewarding hard work is, but it also makes me much more wary about spending it. When I do spend it, I am more careful and cautious about what I buy and make sure
It was only fourth grade, when I purchased my first flat screen TV. Impressive, right? Saving money is one of the smartest decisions I established as a kid; now that I have a job, the subsequent rewards are continuously multiplying. At only sixteen with my current hours and no direct bills, the money accumulated. Although, at this age there are many materialistic things I desire. Could you imagine a young teenager with spending power? Proudly, that is not me. From that first TV as a reward for saving, an exponential income did not affect my notion. Just recently I purchased a car all by myself, simply because I avail the power in saving money. This aspect is now part of my personality, and its reward will only progressively
It also does save money when someone obtains something through hard work or patience. For example, a man wants a car for college, but he still has time to get a better car. However, he has no patience, hence he gets a cheaper car. After a couple years, that car needs maintenance. Only then he realizes that if he had taken the slightly costlier car, then he wouldn’t be spending so much. This is another reason that people shouldn’t get cheap items.
To begin with responsibility one of the many things that are part of coming of age. Responsibility can stand for different things for example, to be able to act independently and make decisions without authorization. The older you get the more your parents will trust you to stay safe if you go out by yourself. Another part of responsibility especially if you have younger siblings is that you are now the permanent baby sitter for your family. In spite of having “freedom” you are stuck at home while your parents and your friends are out having fun. The older you get the more work you have to do in school and at home. This
Living in a society that places much value on the American Dream, which includes having bigger homes, nicer cars, and fancier clothes, it is difficult to know what to spend our money on. It is assumed by many that living the American Dream will make them happier and therefore spend their money on material things. However, evidence suggests that spending money on experiences makes individuals happier as opposed to spending money on material possessions. Therefore, in an attempt to uncover the right way to spend our money, we can ask ourselves, what brings greater happiness to individuals, spending money on experiences, or spending money of possessions?
There are numerous benefits and a numerous cons associated with every decision that anyone ever makes. Benefits Financially, credit cards can be good for people. Firstly, there is no way to survive in today’s market without credit. It’s sad for some people because you can’t buy anything without credit and you can’t get credit without buying anything. The issue here for a lot of people is it seems like a revolving
Becoming a more independant thinker will lead to not having to rely so much on your parents. Having your own money would make it easier for you to make purchases without mom or dads help. You would learn to budget and decide what would be an acceptable price and what is not worth buying. Considering the price more would be an effect of spending your own money. Most kids wouldn’t want to give their hard earned money up on an overly expensive toy. You would put more thought into the amount of money your spending and if its worth it or not. Having money of your own to spend would cause you to become m...
In conclusion, the best way to manage your money is to keep a budget and record all your transaction to see where your money is going. Living with a budget isn’t the easiest thing in the world, but it can be a great alternative to worrying about how you are going to pay for your expenses. Budgeting allows you to create a spending plan for your money; it ensures that you will always have money for the things that are important to you. Following a budget will also keep you out of debt. If you don’t balance your budget and spend more than you make, you will have financial problems. Many people don’t realize that they spend more than they earn and slowly sink deeper into debt every year.
Many students in grade school don’t obtain money very often because they do not have a steady income, so they are prone to spend the money they get. For example, if a student gets money for a holiday, the first thing that comes to mind is to spend it on something they want because they are not used to having money. They don’t know the next time they will get more money so they don’t see the importance of saving. Since there would be a constant income a student will see the effect of saving because their amount of money would constantly be increasing which will motivate them to keep saving. If students learn how to save while they are younger they will be more successful in life, and they will also have that money to use when they graduate.
In conclusion always think about how to spend your money rather than how to earn. Be cautions of products and think of how much you want to spend on a specific product always asses what you need and this of how to refrain from impulse buying. Don’t deprive yourself from buying what you love, instead budget yourself and think according. Separate you necessities from other luxuries. If you balance out your spending and savings saving money would definitely get easier. Saving money is being able to control and know how to spend your money wisely.
Saving money brings security for any future expenses. The earlier in life an individual begins to save, the better they will be set financially in the years to come. There are several reasons why it is important to save money. A few of these reasons are for emergencies, retirement, and simply for luxury spending. Having money will benefit each of these examples.