Personal Note On Saving Money - 2847 Words

Introduction: People in society need to buy necessities to survive whether that is medication or food. Some have enough money to buy more than needed, whereas some only have enough to buy the necessities they need and others do not even have enough money to buy the essentials. Many people grow up with the intention that you need to save money. I for one have been taught to save my money and to not consume more than I can afford. The reason being is that no one wants to be in debt or not be able to afford the necessities in life to survive. As human beings we have our wants and sometimes feel it is necessary to buy something we cannot afford just to fit into society. With credit cards, many people like students purchase items online but do not have the money in their account to pay their bills. This leads to debt and can have an impact on your credit, which follows you in life. When it comes to saving and spending we tend to learn the habits from our parents or guardians, how we spend and how we s ave. Therefore our upbringing has an impact on saving and spending. There are other situations in which people have so much money that continue to spend and soon enough they have nothing causing themselves to dig a hole and has to find a way out but still obtain the necessities they need to survive. With that being said there are many different factors that contribute to reasons why we should save and/or why we should spend. In this paper we will look at different authorsShow MoreRelatedPersonal Note On Saving Money1603 Words   |  7 Pages Saving money, knowing how to budget, understand loans, and knowing how to invest are all astonishingly wise pieces of information to learn. An abundance of us have the same money goals in ten years, be rich, have nice possessions and never feel compelled to worry about money. 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