Importance Of Money Essay

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Money has its own value depending on who you are talking to. In today’s economy money is an essential tool for everyone to become successful and have financial stability. Money can accomplish many things such as paying for your child’s college tuition, paying payments for your new car, or buying a house. It is crucial in today 's world to be financially stable. As a parent we all want our children to be much more successful than we were. In order to do so, we must leave our children with acceptable financial security. Unfortunately, some parents have it harder than others and it becomes rather difficult to accomplish this task. The core principles to acquiring financial stability are to learn how to save, budgeting and have early financial knowledge. Before saving and budgeting come into play you need to know the basics of money. Teaching your children at a young age could be very beneficial and ensures that could be financially stable in the future. For example, Teaching Your Children the Building Blocks of Fiance, Yvette Saul, mother of Savannah Saul, states, “ It’s extremely important for me to teach her about money and financial …show more content…

Every single one of has some addiction of overspending, or not limiting themselves to what they buy. Well, one way to fix this is by learning how to budget. Budgeting is one of the keys to long-term success and allows you to work towards that goal. If all you do is spend every dime in your pocket on the newest iPhone or latest tech in technology how will you able to buy that new Honda you want or for my case pay for your college classes? What a budget does is act as an outline similar to the one you create for your English class, it maps out your goals, and reserves your money. Yes, it may feel depressing that you didn 't get the newest iPhone. But when you remind yourself that you 're potentially saving up for a new car or house it 'll be a lot easier to turn away from the Apple

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