“Money” Essay Examples

(Summary) The article is about learning how a person should budget their money(1). Tracking how a person spends their money can be tedious, but it is great in the long run to see where their money is going(2). The best and easiest way to track money spending is to carry a pen and notepad around to write down each amount of money spent(3). The most important money-spending activities to keep in mind are the necessities ones such as housing, utilities, insurance, and food(4). However, a person should also keep in mind the money they spend on personal items like clothes, gifts, and car repairs(5). A budget would not be complete without including a section for personal savings to help a person save money(7). In order for the budget to stay effective, a person must constantly use it either monthly or weekly(8). There are personal finance tools and one line resources that make it easier to maintain a budget(9). A budget is the best way to see how those small amounts of money spent can add up to a large amount down the road(10).
(Response) This article was very informative to me because this is something I should be focusing on(1). I try not to spend a lot of money but sometimes I can go overboard when it comes to things like clothes or grocery shopping(2). A budget would be a way for me to stop and realize that I may be putting more money into my “wants” rather than my “needs”(3). The thing that keeps me away from budgeting is how tedious it can be to write down every amount spent(4). For instance, I would have to write down the amount I spent on some snacks or bought a digital movie(5). It would be worth it to be able to see where all my money is going though(6). Creating a budget is something that I should be looking into, especially if I want to keep my savings(7). This will also help me from going into my savings for things such as clothing or other expenses when I’ve exhausted the money in my regular bank account(8). I try to keep my spending down to a certain amount each month, but there is always something that comes out I want to get(9). The conclusion of the article really stuck with me as well(10). I’m the type of person who will see a good item, online or in store, and buy it immediately(11). After reading the article though, I will now consider shopping around for a cheaper version and if there is not one then I will settle for the original item(12). If this will help me save money in the long-term, then I will gladly learn how to create a budget to manage my money spending(13).