General Article Why money matters

Topic Selected: Money and Finance Book Volume: 452

Money is important. Without it, we wouldn’t be able to buy essentials like food, clothes, or a place to live. It is necessary to understand how money works as it can help us make better spending choices. Learning about it at a young age can help us avoid problems in the future. 

What is money?

Money is what we use to buy essential things like food and housing, as well as non-essential items like makeup, clothing, gadgets, or entertainment. We also use it to pay for services from professionals, such as plumbers or electricians. If we have extra money, we can spend it on luxuries like travelling or takeaways. It comes in many different forms, such as coins, bank notes, and, increasingly, digital payments through our phones, using bank apps and card-reading terminals. 

Why is money important and where does it come from? 

Money allows us to pay for necessities like food, housing, household bills and transport. Most people obtain money through working. If they have a job they get a wage/...

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