Band 7+: Money is important in most people's lives. Although some people think it is more important than others. What do you feel are the right uses of money? What other factors are important for a good life? You must write at least 250 words.

The younger generations are often criticized for being spendthrifts because of their imprudent and extravagant lifestyle choices. Financial experts often discuss the various ways of valuing and appropriately distributing money.

The best way of utilizing money is when the usage turns out to be rewarding. This can happen by using it appropriately for one’s own well being or that of others. Another important factor is considering the long term impact of whatever one is investing in. Investments which award good returns should be preferred as against random, unplanned investments. Today’s world is dynamic, and as stock markets and economies are highly unstable and wars and pandemics become more rampant, it is of utmost importance to store money in the form of liquidated funds and to save sufficient cash to sustain emergency situations.

As many people like to point out, money might not buy happiness, but it proves as a medium to happiness, as one can buy items which nurture their passions and personalities, like novels, painting sets, bicycle, toys, cars, etc. This form of self love is equally important as age and innocence will never return. The pleasurable events in life enrich the quality and give one good memories to cherish. In fact the whole reason behind earning money for many people is to live a better, more secure, and happier life.

A fulfilling life is one where we can enjoy a sense of inner peace and security, as well as a sense of purpose. Determinants like satisfaction, confidence, and optimism are largely shaped by our self image and our perception of self, success, and competence are a reflection of our interactions with the outer world. Thus, a balanced mind and a balanced life are necessary to locate our right position and to work towards our progress. Many people find happiness and peace in providing for the less fortunate and philanthropy is a great way to bring the society together. This form of self love is equally important as age and innocence will never return. The pleasurable events in life enrich the quality and give one good memories to cherish. In fact the whole reason behind earning money for many people is to live a better, more secure, and happier life.