G2's entry to an essay writing contest:
What would ensue if
a person does not know on how to spend his or her money wisely? Will
that person be satisfied with his or her life? Knowing how finance
works should be the utmost priority of any adult, or even for
everybody. Financial literacy
allows civilians to be more responsible for their future, it clarifies
on how to handle one’s currency, and it provides service for the
community.
I am sophomore student in high school. I calculate my expenses by not wasting them through unimportant materials, like buying too many clothes , but I focus my funds on my bank account. Having a bank account allows me to be more reliable because it demonstrates that I can take care of my belongings efficiently. One might say that car is the basic item that any buy. Buying unimportant items will not make anyone more successful in life because it will only leave them in colossal debts.
What are some benefits that I obtain from putting my funding to good use? First, the knowledge itself is essential. If I learn on how to accumulate my money, I know for sure that when I grow up, I will not be in great debt that will leave me bankrupt. The United States economy used to be free from any amounts overdue. Today, the national deficit reaches up to ten trillion dollars. Second, by knowing my finances, I can earn some money for college. College is my first priority because it facilitates my chances of having a great occupation. My mom and dad both have a well-paying professions, and they pay their expenses monthly. Through them, I realize that money is highly significant to a person’s life. Lastly, by having perceptive information about money, I can assist my community. When I grow up, I am required to pay taxes. By paying taxes, I can be useful to the country because it can reimburse our national debts.
Knowing financial literacy is very helpful to me, my future, and to the economy. When time comes that I can be an adult, I should always remember that money is very important to me, and that wasting it will be a huge disappointment to my future. Always remember that financial literacy will locate a person in a fine college, and a better future to be more successful.
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