Importance Of Money Values In Life

796 Words2 Pages

Over the course of a person’s life, many of their values change in many different ways. Money is no exception to this change. When someone is younger, their money values are most likely focused on things that they are wanting rather than things that they actually need. Later on in life, however, their values may change from wants to needs because not only have they aged and matured, but they also have more responsibility and more things that they need to be focusing their money on. No matter what a person’s money values are when they are younger, they are most likely not going to stay the same throughout the course of their lifetime. My money values right now are focused mostly on things that I really need as opposed to what I want. I do …show more content…

First, prioritizing what you need in life and determining what you are aiming to do in life and how you are going to financially achieve your goals is the biggest part of money values. Secondly, saving up your money should be another huge option that should be implemented. Focus on buying what is needed to survive and do good for yourself, and if you don’t need to buy things that you want right in that moment, then save your money and have a good plan in place to fall back on. Finally, keeping a balance of your needs and wants should be a plan to implement. If you are able to take care of both your needs and your wants based on your financial situation, then you are able to use your money to the fullest extent. People have many different forms of money values throughout their lives, and many of them will change over time. People realize that the things that they believed were important while they were younger are not as important as the other things that have been thrown their way. Being able to figure out how to use your money effectively for both needs and wants is the best thing that you can do in life. If you have a good set of money values that you follow, you will be more financially stable for all of the things in life that

Open Document