The importance of the management of money

24 February

 

TODAY, the latest version of devices and other luxurious things can be available in everywhere. As a result, everyone has to earn money from his or her incomes to buy such kinds of things. So, money becomes important for everybody. We cannot get everything without money. Besides, there is a saying, ‘‘money makes everything.” According to this saying, most people believe that money can solve every problem. And then, it can lead into a Peaceful and prosperous life. Actually, it is not true at all.

 

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Time,parents, health, true love and genuine friendship cannot be purchased with money. In fact, money is an item of value between two parties used for the exchange of goods or services.

 

It is known that money will destroy everything like an evil unless we manage it beneficially. So, we have to spend money in the necessary sector. Otherswise, it will transform into wastes and lead to corruption. Another point I would like to highlight is that parents should manage their children to spend money systematically since their childhood. There are many people who are in trouble due to the mismanagement of money in our surrounding. We should take it as a lesson. Moreover, everyone should not spend the amounts of money in the funds of the finance as his or her own benefits in all the associations because there woll be conflicts between each other. These conflicts can spread everywhere and finally, it can be seen on trials.

 

Hence,every leader of a team or on organ itation must announce the list of the funds to other members or authorities unbiasedly transparently. This leader must also earn the necessary incomes for the funds in a legal way. If not, action will be taken against him or her. Furthermore, we have to manage these funds not to spend wastefully.

 

Nowadays, in the most developed countries, most of people can stand without any problem because of the good management of money. According to Chuck Freeney, the reason why he earns money is just to work hard, not to be well-off. He also urges not to spend money on things. This is extremely true. All of the readers can see in the article named ‘‘The secret Billionaire.” Hence, we must emulate this way. The right and effective management in the monetary sector shapes us into a better future.

 

All in all, money is a favourite substance by various kinds of walks of life but it cannot occupy every sector. In addition, money cannot men. Only men can control and manage it. Next, all we must understand about the value of money and how it is very difficult to earn money. Thus, I would like to urge all of you to build a well-developed atmosphere by spending money effectively.

 

By Lionel Zaw

 (Nyan Zaw Lwin)

 Third Year (Honours)

 English

 Dawei University