money problem essay

Essays About Money: Top 5 Examples and 6 Prompts

With money comes great power; however, power must always come with responsibility. Discover thought-provoking essays about money in our guide.

Money is everywhere. We use it to eat, drink, clothe ourselves, and get shelter, among many other uses. Nowadays, it is an undisputed fact that “money makes the world go round.” The earliest known form of money dates back to around 5,000 years ago ; trade was previously carried out using a barter system. However, over the centuries, more and more nations began implementing a currency system, and money has become more critical.

In the contemporary world, it seems to be “all about money.” However, it is important not to lose sight of what is important; we must maintain good physical and mental health and healthy relationships with the people around us. Money is necessary; it is just not the only thing necessary. To start your essay, read these examples to write insightful essays about money.

5 Top Examples On Essay About Money

1. essay on money by prasanna, 2. how money changed human history by jacob wilkins, 3. capitalism: money that make money by ernestine montgomery, 4. is money the most important thing by seth higgins.

5. An Introduction to Saving Money by Jeremy Vohwinkle

Writing Prompts For Essays About Money

1. good uses for money, 2. the “dark side” of money, 3. money’s role in history, 4. morality vs. money, 5. can money buy happiness, 6. how to save money.

“Imagine the world without money. We will eventually come to a point where we will be asking questions like “what’s the point of life”. Hope and goals are some of the important things that will keep a man going in life. Without any sense of achievement or motivation, there wouldn’t be any inventions or progress in the world. People work to get money and then people work harder to get more money. This cycle of life that keeps a man motivated and hopeful is one of the biggest advantages of the system of money”

This essay gives readers a general outlook on money and its advantages and disadvantages. It gives people equal opportunity to work for their dreams and motivates them to be productive members of society, while it also raises the question of greed. Money, without a doubt, has its positive and negative aspects, but it exists and is only becoming more critical.

“But the barter economy was flawed. There was no universal measure for determining the value of an item. It was all based on the subjective opinion of the individuals involved. And to make matters worse, the barter economy relied on both sides wanting something the other had to offer. Trade, therefore, could be sluggish and frustrating. Human beings needed something different, and money was the answer.”

Wilkins writes about how money revolutionized the way trade was conducted. The barter system involved trading any objects if both parties agreed to a deal, such as trading animal skins for fish or medicine for timber. However, the only measure of an item’s value was how much one party wanted it- both sides needed to have something the other wanted. The introduction of money allowed people to put a solid value on commodities, making trade easier.

“So, if you were to closely observe the dirty, disordered canvas of economic progress during the 20th and 21 st century, you should conclude that, for all its warts, capitalism has been the winner. It has sometimes caused pain; suffered from serious cycles; and often needed the clout of the state- such as we have seen from September 2008. It has also been quite resistant to sensible regulation. Even so, the basic institutions of capitalism have worked, not just in the US and the OECD (Organization for Economic Co-operation and development) nations, but also many developing countries, of which India is one.”

Albeit lengthy, Montgomery’s essay discusses the debate between socialism and capitalism, a topic of which money is at the core. Montgomery describes Karl Marx’s criticism of capitalism: all the money goes to a few people, not the workers. She believes these are valid to an extent and criticizes certain forms of capitalism and socialism. Neither capitalism nor socialism is perfect, but according to Montgomery, capitalism creates a better economy.

“Being the richest man in the world does not mean you are the happiest man in the world, although money can buy you happiness sometimes, but not always. If we could all appreciate the way life is, the fun, and the beauty I think the world would be better. If people weren’t power hungry maybe we’d have a lesser demand for money. Those people who is money hungry and power hungry need to relax. Money can’t buy you happiness. These individuals need to understand that.”

Higgins implores readers to remember that money is not the only thing people need in the world. He stresses the necessity of money, as it is used to pay for various necessary goods and services; however, he believes it is not a prerequisite for happiness. Material things are temporary, and there are other things we should focus on, like family and friends.

5. An Introduction to Saving Money by Jeremy Vohwinkle

“A financial emergency may take the form of a job loss, significant medical or dental expense, unexpected home or auto repairs, a hurricane or major storm, or something unthinkable, such as a global pandemic. The last thing you want to do is to rely on credit cards with their hefty interest fees or to be forced to take out a loan. That’s where your emergency fund can come in handy. Historically, the formula for an emergency account is to have enough readily available cash to cover three to six months of living expenses.“

Vohwinkle’s essay gives readers some suggestions on how to save more money. Most importantly, he suggests setting up an emergency fund, as all other saving techniques stem from there. He also suggests creating an automatic savings plan and cutting down on “spending leaks,” like buying coffee. You might also be interested in these essays about celebration .

In this essay, write about why money is necessary and the ways to use it for the greater good, and include ways in which it can be used (investing, donating, etc.). For each point, you make, be sure to explain why. Of course, this is entirely subjective; feel free to write about what you consider “good uses” for money.

On the other hand, money also has a negative side —research on money-related issues, such as taxpayer-funded corruption and trading of illegal goods. In your essay, explore this side of money and perhaps give solutions on how to stop these problems.

Money has played a progressively more important role throughout human history. Discuss the development of currency and the economy, from the barter system to the digital world we live in today. You need not go too in-depth, as there is a lot of ground to cover and many eras to research. Be sure to cite reputable sources when discussing history.

Many people warn of “selling your soul” for financial gain. In your essay, you can write about the importance of having solid values in this day and age, where money reigns supreme. What principles do you need to keep in mind? Explain how you can still value money while staying grounded; mention the balance between material needs and others.

As stated in Higgins’ essay, more people have begun to prioritize money over all else. Do you believe that money is truly the most important thing? Can it alone make you happy? Discuss both sides of this question and choose your position accordingly. Be sure to provide precise supporting details for a stronger argument.

Enumerate tips on how you can save money. Anything works, from saving certain things for special occasions to buying more food in the grocery rather than eating out. This is your opinion; however, feel free to consult online sources and the people around you for extra advice.

For help with your essays, check out our round-up of the best essay checkers .If you’re still stuck, check out our general resource of essay writing topics .

Martin is an avid writer specializing in editing and proofreading. He also enjoys literary analysis and writing about food and travel.

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Essay on Financial Problem

Students are often asked to write an essay on Financial Problem in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Financial Problem

What is a financial problem.

A financial problem is when you don’t have enough money to cover your bills and needs. It’s like when your piggy bank is empty but you still need to buy things. This can happen to people, businesses, or even countries.

Causes of Financial Problems

Money troubles can start for many reasons. Sometimes people spend more than they earn. Other times, they lose their job or face big bills from an accident or illness. Companies can also struggle if they don’t sell enough products.

Effects of Financial Problems

When you’re in a money bind, it can lead to stress and worry. You might have to cut back on fun activities or struggle to pay for important things like food and house bills. It can make life tough.

Solving Financial Problems

To fix money issues, you can make a budget to track spending. It’s also smart to save money for emergencies. Sometimes, talking to a money expert can help find ways to manage your cash better.

250 Words Essay on Financial Problem

Understanding financial problems.

Money troubles, or financial problems, are situations where a person doesn’t have enough money to pay for what they need or want. This can happen to anyone, from a single person to a whole country. Sometimes, these problems come from not earning enough money, and other times, it’s because people spend more than they have.

Causes of Money Issues

There are many reasons why someone might face financial problems. Losing a job can make it hard to pay bills. Emergencies like getting sick can lead to unexpected costs. Not planning how to use money wisely, like saving some for later, can also lead to trouble. Sometimes, it’s just because things cost more than they used to.

Effects on Daily Life

When people have money issues, it affects their lives in many ways. They might not be able to buy food, clothes, or go to the doctor when they’re sick. It can also make them feel sad or worried, which can make it even harder to deal with these problems.

Finding Solutions

To fix money problems, people need to look at how they spend and try to save when they can. This might mean buying less expensive things or finding ways to make more money, like getting a better job or selling things they don’t need. Talking to someone who knows a lot about money can also help. They can give advice on how to manage money better.

In conclusion, financial problems are tough, but by understanding and managing money wisely, people can overcome them and live happier lives.

500 Words Essay on Financial Problem

Money issues, or financial problems, are situations where someone doesn’t have enough money to pay for their needs or wants. Just like when you want to buy a new toy but don’t have enough allowance, adults face bigger versions of this problem. They might struggle to pay for their home, food, or children’s education. This can happen to anyone, from a single person to a whole country.

Reasons for Money Troubles

Financial problems can come from many places. Sometimes, people lose their jobs and stop earning money. Other times, they might get sick and have to pay a lot of money to doctors. Even countries can spend too much and then owe money to others, just like when you spend your whole allowance and then can’t buy anything else until you get more money.

Effects of Not Having Enough Money

When there isn’t enough money, life can be hard. People might not be able to buy food or a warm coat for winter. They might have to move to a smaller house or can’t go to the doctor when they’re sick. It can also make people sad or worried because they don’t know how to fix it.

Saving and Planning

One way to avoid money problems is to save. Think of it like putting some of your candy away for later instead of eating it all at once. Adults can put some money in a savings account so they have it for an emergency, like if their car breaks down. Planning is also important. It’s like making a list before going to the store so you don’t buy things you don’t need.

Getting Help

Sometimes, people need help to fix their money problems. They might talk to someone who knows a lot about money, called a financial advisor, to make a plan. There are also special classes to teach adults how to manage money better. It’s like asking your teacher for help when you don’t understand your homework.

Financial problems are tough, but they can be fixed. Saving money and planning how to spend it are good ways to prevent these problems. And if someone is already facing these issues, it’s important to ask for help and learn how to manage money better. Just like in school, where you learn and grow, dealing with money troubles can teach you important lessons for the future.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

Essay on Family Heritage
Essay on Financial Literacy
Essay on Family Traditions

Apart from these, you can look at all the essays by clicking here .

Happy studying!

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Essay On Money: 100, 250 Words Samples

Updated on
Nov 9, 2023

Why do you think money is important? Can we live without money? Does money have its own value? What’s the difference between hard money and digital money? When we plan on buying something, we have to pay a certain amount. Let’s say you want to buy a wristwatch worth $50. How do you compare that commodity with money? Do they have equal value? Is there any authority that states the value of money ? These and several other questions about money can make one wonder why money is given so much importance. Let’s go in-depth with an essay on money and find answers to all these questions.

Table of Contents

1 What is Money?
2 Why is Money So Important?
3 Essay on Money in 100 Words
4 Essay on Money in 250 Words

What is Money?

According to Wikipedia and Oxford Dictionary, Money is simply a medium of exchange. Some even consider money as one of the most important resources , which is used to make transactions of goods, services, or repayment of debts within a specific country or socio-economic context.

Money can have various forms, coins and banknotes in physical form, and electronic balances in bank accounts in digital forms. Money serves as a unit of account, facilitating the measurement of value in terms of prices, and as a store of value, allowing individuals to save purchasing power for future use.

Learn Why Financial Literacy is Important for Students.

Why is Money So Important?

What makes money such an important resource is its acceptance across the globe in multiple transactions and services. From serving as a medium of exchange to facilitating financial activities, the importance of money goes beyond our everyday needs. Here are several reasons stating the importance of money.

Money serves as a convenient medium of exchange that facilitates the buying and selling of goods and services, making transactions more efficient than barter systems.
It provides a standardized unit for measuring the value of goods, services, and assets, allowing for easier comparison and assessment of value across different items.
Money enables individuals and businesses to store wealth and purchasing power over time, facilitating savings and investment for future needs and goals.
A stable and reliable monetary system encourages investment, trade, and economic growth, fostering overall prosperity within an economy.
By using money, individuals and businesses can avoid the high transaction costs associated with bartering and the inefficiencies of non-monetary exchange systems.
The use of money encourages specialization in the production of goods and services, leading to increased productivity and efficiency within an economy.
Money is essential for the functioning of financial markets, banking systems, and investment activities, which are crucial for the allocation of resources and capital within an economy.

Essay on Money in 100 Words

El dinero or money is used as a medium of exchange, unit of account, and store of value. It facilitates trade, allowing for the smooth exchange of goods and services, while also enabling efficient allocation of resources and encouraging economic growth. As a unit of account, it provides a standardized measure of value, simplifying the comparison of different goods and assets.

Moreover, money acts as a store of value, allowing individuals to save and plan for the future. Its role in reducing transaction costs, enabling specialization, and supporting complex financial activities highlights its significance in the functioning of contemporary economies.

Essay on Money in 250 Words

Modern economics is heavily dependent on money or we can say that money is the pillar of modern economies. As a medium of exchange, it simplifies trade by providing a universally accepted method of payment for goods and services, eliminating the inefficiencies and limitations of barter systems. Its characteristic fosters the development of complex market systems, encouraging specialization and the efficient allocation of resources.

Apart from being a medium of exchange, money functions as a unit of account, providing a standardized measure of value that enables individuals to compare prices and evaluate the worth of different goods and services. This uniformity in valuation streamlines commercial activities and allows for effective planning and decision-making in both personal and business contexts.

Money serves as a store of value, allowing individuals to save and accumulate wealth over time. This feature empowers people to prepare for future expenses, emergencies, or long-term goals, providing a sense of security and stability in an uncertain world.

In addition to its role in daily transactions , money fuels economic growth by facilitating investment, entrepreneurship, and innovation. Financial institutions utilize money as a tool to allocate capital efficiently, enabling the development of new businesses, industries, and technologies that contribute to overall economic prosperity.

Money plays multiple roles in our lives; it is a physical or digital representation of currency; it is a fundamental pillar of modern economies, underpinning the intricate web of commercial activities, financial systems, and societal well-being. Its importance lies not only in its tangible properties but also in the complex functions and structures it supports within the global economic framework.

Money is globally accepted as a medium of exchange in multiple transactions and services. From serving as a medium of exchange to facilitating financial activities, the importance of money goes beyond our everyday needs. To buy goods or services, you are required to pay a certain amount, which is fulfilled by paying money.

To write an essay on money, you need to highlight the key aspects of this essential resource. The multiple transactions in which money is used in our day-to-day lives make money an important part of our lives. Give examples of how money can change our lives and what would happen if we were out of money. Highlight the latest trends in the financial sector and what governments are doing to save our money from inflation.

Here are the 5 strongest currencies in the world: Kuwait Dinar (KWD), Bahraini Dinar (BHD), Omani Rial (OMR), Jordanian Dinar (JOD), and Gibraltar Pound (GIP).

For more information on such interesting topics, visit our essay writing page and follow Leverage Edu .

Shiva Tyagi

With an experience of over a year, I've developed a passion for writing blogs on wide range of topics. I am mostly inspired from topics related to social and environmental fields, where you come up with a positive outcome.

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Society Articles & More

How money changes the way you think and feel, research is uncovering how wealth impacts our sense of morality, our relationships with others, and our mental health..

The term “affluenza”—a portmanteau of affluence and influenza, defined as a “painful, contagious, socially transmitted condition of overload, debt, anxiety, and waste, resulting from the dogged pursuit of more”—is often dismissed as a silly buzzword created to express our cultural disdain for consumerism. Though often used in jest, the term may contain more truth than many of us would like to think.

Whether affluenza is real or imagined, money really does change everything, as the song goes—and those of high social class do tend to see themselves much differently than others. Wealth (and the pursuit of it) has been linked with immoral behavior—and not just in movies like The Wolf of Wall Street .

Psychologists who study the impact of wealth and inequality on human behavior have found that money can powerfully influence our thoughts and actions in ways that we’re often not aware of, no matter our economic circumstances. Although wealth is certainly subjective, most of the current research measures wealth on scales of income, job status, or socioeconomic circumstances, like educational attainment and intergenerational wealth.

Here are seven things you should know about the psychology of money and wealth.

More money, less empathy?

Several studies have shown that wealth may be at odds with empathy and compassion . Research published in the journal Psychological Science found that people of lower economic status were better at reading others’ facial expressions —an important marker of empathy—than wealthier people.

“A lot of what we see is a baseline orientation for the lower class to be more empathetic and the upper class to be less [so],” study co-author Michael Kraus told Time . “Lower-class environments are much different from upper-class environments. Lower-class individuals have to respond chronically to a number of vulnerabilities and social threats. You really need to depend on others so they will tell you if a social threat or opportunity is coming, and that makes you more perceptive of emotions.”

While a lack of resources fosters greater emotional intelligence, having more resources can cause bad behavior in its own right. UC Berkeley research found that even fake money could make people behave with less regard for others. Researchers observed that when two students played Monopoly, one having been given a great deal more Monopoly money than the other, the wealthier player expressed initial discomfort, but then went on to act aggressively, taking up more space and moving his pieces more loudly, and even taunting the player with less money.

Wealth can cloud moral judgment

It is no surprise in this post-2008 world to learn that wealth may cause a sense of moral entitlement. A UC Berkeley study found that in San Francisco—where the law requires that cars stop at crosswalks for pedestrians to pass—drivers of luxury cars were four times less likely than those in less expensive vehicles to stop and allow pedestrians the right of way. They were also more likely to cut off other drivers.

Another study suggested that merely thinking about money could lead to unethical behavior. Researchers from Harvard and the University of Utah found that study participants were more likely to lie or behave immorally after being exposed to money-related words.

“Even if we are well-intentioned, even if we think we know right from wrong, there may be factors influencing our decisions and behaviors that we’re not aware of,” University of Utah associate management professor Kristin Smith-Crowe, one of the study’s co-authors, told MarketWatch .

Wealth has been linked with addiction

While money itself doesn’t cause addiction or substance abuse, wealth has been linked with a higher susceptibility to addiction problems. A number of studies have found that affluent children are more vulnerable to substance abuse issues , potentially because of high pressure to achieve and isolation from parents. Studies also found that kids who come from wealthy parents aren’t necessarily exempt from adjustment problems—in fact, research found that on several measures of maladjustment, high school students of high socioeconomic status received higher scores than inner-city students. Researchers found that these children may be more likely to internalize problems, which has been linked with substance abuse.

But it’s not just adolescents: Even in adulthood, the rich outdrink the poor by more than 27 percent.

Money itself can become addictive

The pursuit of wealth itself can also become a compulsive behavior. As psychologist Dr. Tian Dayton explained, a compulsive need to acquire money is often considered part of a class of behaviors known as process addictions, or “behavioral addictions,” which are distinct from substance abuse.

These days, the idea of process addictions is widely accepted. Process addictions are addictions that involve a compulsive and/or an out-of-control relationship with certain behaviors such as gambling, sex, eating, and, yes, even money.…There is a change in brain chemistry with a process addiction that’s similar to the mood-altering effects of alcohol or drugs. With process addictions, engaging in a certain activity—say viewing pornography, compulsive eating, or an obsessive relationship with money—can kickstart the release of brain/body chemicals, like dopamine, that actually produce a “high” that’s similar to the chemical high of a drug. The person who is addicted to some form of behavior has learned, albeit unconsciously, to manipulate his own brain chemistry.

While a process addiction is not a chemical addiction, it does involve compulsive behavior —in this case, an addiction to the good feeling that comes from receiving money or possessions—which can ultimately lead to negative consequences and harm the individual’s well-being. Addiction to spending money—sometimes known as shopaholism —is another, more common type of money-associated process addiction.

Wealthy children may be more troubled

Children growing up in wealthy families may seem to have it all, but having it all may come at a high cost. Wealthier children tend to be more distressed than lower-income kids, and are at high risk for anxiety, depression, substance abuse, eating disorders, cheating, and stealing. Research has also found high instances of binge-drinking and marijuana use among the children of high-income, two-parent, white families.

“In upwardly mobile communities, children are often pressed to excel at multiple academic and extracurricular pursuits to maximize their long-term academic prospects—a phenomenon that may well engender high stress,” writes psychologist Suniya Luthar in “The Culture Of Affluence.” “At an emotional level, similarly, isolation may often derive from the erosion of family time together because of the demands of affluent parents’ career obligations and the children’s many after-school activities.”

We tend to perceive the wealthy as “evil”

On the other side of the spectrum, lower-income individuals are likely to judge and stereotype those who are wealthier than themselves, often judging the wealthy as being “cold.” (Of course, it is also true that the poor struggle with their own set of societal stereotypes.)

Rich people tend to be a source of envy and distrust, so much so that we may even take pleasure in their struggles, according to Scientific American . University of Pennsylvania research demonstrated that most people tend to link perceived profits with perceived social harm. When participants were asked to assess various companies and industries (some real, some hypothetical), both liberals and conservatives ranked institutions perceived to have higher profits with greater evil and wrongdoing across the board, independent of the company or industry’s actions in reality.

Money can’t buy happiness (or love)

We tend to seek money and power in our pursuit of success (and who doesn’t want to be successful, after all?), but it may be getting in the way of the things that really matter: happiness and love.

More on Inequality

Read Jason Marsh's award-winning story on how inequality hurts everyone's happiness .

Discover how inequality can make the wealthy less cooperative .

Find out why affluent people are more likely to break rules .

Explore whether the rich are really less generous .

There is no direct correlation between income and happiness. After a certain level of income that can take care of basic needs and relieve strain ( some say $50,000 a year , some say $75,000 ), wealth makes hardly any difference to overall well-being and happiness and, if anything, only harms well-being: Extremely affluent people actually suffer from higher rates of depression . Some data has suggested money itself doesn’t lead to dissatisfaction—instead, it’s the ceaseless striving for wealth and material possessions that may lead to unhappiness. Materialistic values have even been linked with lower relationship satisfaction .

But here’s something to be happy about: More Americans are beginning to look beyond money and status when it comes to defining success in life. According to a 2013 LifeTwist study , only around one-quarter of Americans still believe that wealth determines success.

This article originally appeared in the Huffington Post and Fulfillment Daily .

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Does More Money Really Make Us More Happy?

Elizabeth Dunn
Chris Courtney

A big paycheck won’t necessarily bring you joy

Although some studies show that wealthier people tend to be happier, prioritizing money over time can actually have the opposite effect.

But even having just a little bit of extra cash in your savings account ($500), can increase your life satisfaction. So how can you keep more cash on hand?
Ask yourself: What do I buy that isn’t essential for my survival? Is the expense genuinely contributing to my happiness? If the answer to the second question is no, try taking a break from those expenses.
Other research shows there are specific ways to spend your money to promote happiness, such as spending on experiences, buying time, and investing in others.
Spending choices that promote happiness are also dependent on individual personalities, and future research may provide more individualized advice to help you get the most happiness from your money.

Where your work meets your life. See more from Ascend here .

How often have you willingly sacrificed your free time to make more money? You’re not alone. But new research suggests that prioritizing money over time may actually undermine our happiness.

ED Elizabeth Dunn is a professor of psychology at the University of British Columbia and Chief Science Officer of Happy Money, a financial technology company with a mission to help borrowers become savers. She is also co-author of “ Happy Money: The Science of Happier Spending ” with Dr. Michael Norton. Her TED2019 talk on money and happiness was selected as one of the top 10 talks of the year by TED.
CC Chris Courtney is the VP of Science at Happy Money. He utilizes his background in cognitive neuroscience, human-computer interaction, and machine learning to drive personalization and engagement in products designed to empower people to take control of their financial lives. His team is focused on creating innovative ways to provide more inclusionary financial services, while building tools to promote financial and psychological well-being and success.

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Essay on Money for Students and Children

500+ words essay on money.

Money is an essential need to survive in the world. In today’s world, almost everything is possible with money. Moreover, you can fulfill any of your dreams by spending money. As a result, people work hard to earn it. Our parents work hard to fulfill our dreams .

Furthermore various businessmen , entrepreneurs have startup businesses to earn profits. They have made use of their skills and intelligence in getting an upper hand in earning. Also, the employee sector works day and night to complete their tasks given to them. But still, there are many people who take shortcuts to success and get involved in corruption.

Black Money

Black money is the money that people earn with corruption . For your information corruption involves the misuse of the power of high posts. For instance, it involves taking bribes, extra money for free services, etc. Corruption is the main cause of the lack of proper growth of the country .

Moreover, money that people having authority earns misusing their powers is black money. Furthermore, these earnings do not have proper documentation. As a result, the people who earn this do not pay income tax . Which is a great offense and the person who does this can be behind bars.

Money Laundering

In simple terms, money laundering is converting black money into white money. Also, this is another illegal offense. Furthermore, money laundering also encourages various crimes. Because it is the only way criminal can use their money from illegal sources. Money laundering is a crime, and the people who practice it are liable to go to jail.

Therefore the Government is taking various preventive measures to abolish money laundering. The government is linking bank accounts to AADHAR Card. To get all the transaction detail of each bank account. As a result, the government comes to know if any transaction is from an illegal source .

Also, every bank account has its own KYC (Know your Customer) this separates different categories of income of people. Businessmen are in the high-risk category. Then comes the people who are on a high post they are in the medium-risk category. Further, the last category is of the Employee sector they are at the lowest risk.

Get the huge list of more than 500 Essay Topics and Ideas

White Money

White money is the money that people earn through legal sources. Moreover, it is the money on which the people have already paid the tax. The employee sector of any company always has white money income.

Because the tax is already levied on their income. Therefore the safest way to earn money is in the employment sector. But your income will be limited here. As a result, many people take a different path and choose entrepreneurship. This helps them in starting their own company and make profitable incomes .

Every person in this world works hard to earn money. People try different methods and set of skills to increase their incomes. But it is always not about earning money, it’s about saving and spending it. People should spend money wisely. Moreover, things should always be bought by judging their worth. Because money is not precious but the efforts you make for it are.

Q1. What is Black Money?

A1. Black money is the money that people earn through illegal ways. It is strictly prohibited in our country. And the people who have it can go to jail.

Q2. What is the difference between Black money and White money?

A2. The difference between black money and white money is, Black money comes from illegal earnings. But white money comes from legal sources with taxation levied on it.

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260 Money Topics to Write About & Essay Examples

Looking for a topic about money? Money won’t leave anyone indifferent! There are lots of money essay topics for students to explore.

🏆 Best Money Essay Examples & Ideas

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You might want to focus on the issue of money management or elaborate on why money is so important nowadays. Other exciting topics for a money essay are the relation between money and love, the role of money in education, etc. Below you’ll find a list of money topics to write about! These ideas can also be used for discussions and presentations. Money essay examples are a nice bonus to inspire you even more!

Can Money Buy You Happiness? First of all, given that happiness is related to the satisfaction of personal needs, there is also a need to consider the essential need of human life such as housing, medicine, and food.
I Don’t Believe Money Can Buy Happiness This shows that as much as money is essential in acquisition and satisfaction of our needs, it does not guarantee our happiness by its own and other aspects of life have to be incorporated to […]
Money as a Form of Motivation in the Work Place This then shows that money can and is used as a motivational factor in the work place so that employees can strive to give their best and their all at the end of the day.
Connection Between Money and Happiness Critical analysis of money-happiness relationship shows that socioeconomic factors determine the happiness of an individual; therefore, it is quite unsatisfactory to attribute money as the only factor and determinant of happiness.
Money, Happiness and Relationship Between Them The research conducted in the different countries during which people were asked how satisfied they were with their lives clearly indicated the existence of a non-linear relationship between the amount of money and the size […]
Money: Good or Evil? Comparing & Contrasting While there are those amongst us who subscribe to the school of though that “money is the source of all evil”, others are of the opinion that money can buy you anything, literary.
Should America Keep Paper Money It is possible to begin the discussion of the need for keeping paper currency from referring to the rights of any people.
Does Money Buy Happiness? Billions of people in all parts of the world sacrifice their ambitions and subconscious tensions on the altar of profitability and higher incomes. Yet, the opportunity costs of pursuing more money can be extremely high.
Money and Modern Life The rich and the powerful are at the top while the poor and helpless are at the bottom, the rest lie in-between.
Strategies to Save and Protect Money Thus, the main points of expenditure will be clearly marked, which will help to exclude the purchase of unnecessary goods and services.
Discussion: Can Money Buy Happiness? Reason Two: Second, people are psychologically predisposed to wanting more than they have, so the richer people are, the less feasible it is to satisfy their demands.
The Global Media Is All About Money and Profit Making It is noteworthy that the advertisement are presented through the media, which confirms the assertion that global media is all about money and profit making. The media firms control the information passed to the public […]
Opinion on the Importance of Money In the absence of money, individuals and organizations would be forced to conduct transactions through barter trade which is a relatively challenging system due to existence of double coincidence of wants.
Anti Money Laundering and Financial Crime There are a number of requirements by the government on the AML procedures to be developed and adopted by the firms in the financial service in industry in an attempt to fight the illegal practice.
Time Value of Money: Importance of Calculating Due to fluctuations in economies, all organizations need to take into consideration concepts of the time value of money in any investment venture.
Money and Its Value Throughout the World History What is important is the value that people place on whatever unit they refer to as amoney.’ Money acts as a medium of exchange and an element of measurement of the value of goods and […]
Money and Happiness in Poor and Wealthy Societies Comprehending the motivations for pursuing money and happiness is the key to understanding this correlation. The Easterlin paradox summed this view by showing that income had a direct correlation with happiness.
Relation Between Money and Football In the English league, clubs have been spending millions to sign up a player in the hope that the player will turn the fortunes of the company for the good.
Money Laundering: Most Effective Combat Strategies The practice of money laundering affects the economy and security of a country. Countries have directed their efforts to curb money laundering to control the downwards projections of their countries’ economies.
Electronic Money: Challenges and Solutions First of all, it should be pointed out that money is any type of phenomenon which is conventionally accepted as a universal carrier of value, or “any generally accepted means of payment which is allowed […]
Money or Family Values First? Which Way to Go As such, family values becomes the epicenter of shaping individual behavior and actions towards the attainment of a certain good, while money assumes the position of facilitating the attainment of a certain good such as […]
Anti-Money Laundering and Hawala System in Dubai To prevent money launders and agents, most countries enacted the anti-money laundering acts with the goal of tracking and prosecuting offenders.
Dreams of Avarice in Ferguson’s “The Ascent of Money” The chapter “Dreams of Avarice” of the book “The Ascent of Money” explores different stages of development of money functioning in the world by relating them to corresponding historical events.
Change in the Value of Money According to Keynes To explain the effect of inflation on investors, Keynes delves into the history of inflation through the nineteenth century and tries to explain the complacency of investors at the beginning of the First World War […]
Success and Money Correlation The development of the information technologies and the ongoing progress led to the reconsideration of the values and beliefs. It is significant to understand that there is no right or wrong answer for the question […]
Efforts to Raise Money for Charity However, the point is that charity is supposed to be for a simple act of giving and not expecting any returns from it.
Money, Happiness and Satisfaction With Life Nonetheless, the previously mentioned examples should be used to remind us that money alone is not a guarantee of happiness, satisfaction with life, and good health.
Two Attitudes Towards Money The over-dependence on money to satisfy one’s emotional needs is a negative perspective of money. The positive attitude of money is rarely practiced by people.
Money Saving Methods for College Students A budget is one of the methods that a college student can use to save money. In the budget, one should indicate how much to save and the means of saving the money.
Money, Success, and Relation Between Them In particular, the modern generation attaches so much importance to money in the sense that success and money are presumed to be one and the same thing.
Why People Should Donate Time, Money, Energy to a Particular Organization, Charity, or Cause Its vision is to have a world that is free from Alzheimer’s disease.”The Alzheimer’s Association is the leading, global voluntary health organization in Alzheimer’s care and support, and the largest private, nonprofit funder of Alzheimer’s […]
Prices Rise When the Government Prints too Much Money Makinen notes that an increase in the supply of money in an economy relative to the output in the economy could lead to inflationary pressure on prices of goods and services in the economy.
Why Money Is Important: Benefits & Downsides The notion originated from the Bible because the person who made Jesus suffer on the cross was enticed by the love of money to forsake Jesus.
Money Laundering Through Cryptocurrencies This study will try to critique the approaches used by countries to address the aspect of money laundering activities and the risks posed by digital currencies.
Giving Money to the Homeless: Is It Important? The question of whether a person should give money to a homeless person or not is a complicated one and cannot have the right answer.
Where Does the Money Go? by Bittle & Johnson Therefore, the authors explain key issues of the national debt in a relatively simple language and provide their opinion on how the country got into that situation and what could be done about it. In […]
Anti-Money Laundering in Al Ansari Exchange Case Study Details Company name: Al Ansari Exchange Headquarters: Dubai, United Arab Emirates Sector: Financial Services Number of employees: 2500 Annual gross revenue: UAED 440.
“From Empire to Chimerica” in “The Ascent of Money” In the chapter “From Empire to Chimerica,” Niall Ferguson traces back the history of the Western financial rise and suggests that nowadays it is being challenged by the developing Eastern world. The hegemonic position of […]
Paper Money and Its Role Throughout History The adoption of the paper money was considered to be beneficial for both the wealth of the country and the individual businessmen.
Artworks Comparison: Les Demoiselles d’Avignon and Tribute Money Though the Les Demoiselles d’Avignon, a fresco created by Picasso, was created in an entirely different epoch than Masaccio’s Tribute Money was, the two artworks still share a range of stylistic, compositional and conceptual similarities, […]
Money and Banking: General Information The essay gives the definition of money and gives a brief description of the functions of money. As a store of value, money can be saved reliably and then retrieved in the future.
The Lebanese-Canadian Bank’s Money Laundering The bank was later banned from using the dollar by the American treasury; this resulted in the collapse and eventual sale of the bank.L.C.B.had to pay a settlement fine of one hundred and two million […]
Exploring the Relationship Between Education and Money A person cannot be able to change his/her ascribed status in the society, but only through education a person is able to change his/her Socio-economic status and to some extent that of his/her family once […]
The Relationship Between Money Supply and Inflation It is evidenced that changing the money supply through the central banks leads to a control of the inflationary situations in the same economy.
Drugs: The Love of Money Is the Root of All Evils The political issues concerning the use of drugs consist of, but not limited to, the substances that are defined as drugs, the means of supplying and controlling their use, and how the society relates with […]
Money: Evolution, Functions, and Characteristics It acts as medium of exchange where it is accepted by both buyers and sellers; the buyer gives money to the seller in exchange of commodities.
Money Laundering Scene in Police Drama “Ozark” In one of the first season’s episodes, Marty, the main character, illustrates the process of money laundering crime. In the scene, one can see that Marty is fully sane and is committing a crime voluntarily.
Money From the Christian Perspective Work in Christian missions is a business and since it affects the relationship between the missionary and the people he is trying to reach, missionary funding is essential.
Business Case Scenario: Missing Money in a Company A possible scenario explaining how money is missing is through the payroll department my first argument seeks to prove the payroll department as the loophole of the company’s misfortunes.
Sports Stadiums’ Funding by Public Money The issue is controversial from an ethical point of view since not all citizens whose taxes can be spent on the construction of the stadium are interested in or fond of sports.
Money Laundering: The Kazakhgate Case He was accused of breaking the Foreign Corrupt Practices Act of 1974 and money laundering by the U.S.attorney’s office for the Southern District of New York.
The Ways Terrorists Raise and Move Money Moreover, the government has put into action the freezing orders and blocking of united states individuals who are presumed to have a hand in terrorist activities.
“Money as a Weapon” System and Fiscal Triad Furthermore, the fiscal triad encompasses the procurement of products and services and the disbursement and accounting of public funding. Fiscal legislation and contracts are two key components of the “money as a weapon” system.
The Fiscal Triad and Money as a Weapon System The reliance on the unit commanders sparked the development of the complementary strategy, “Money as a Weapon System,” which became a focal point of the Iraq and Afghanistan campaigns.
Saving Money Using Electric or Gas Vehicles The central hypothesis of the study is that the electric car will save more money than gas ones. The main expected outcome that the study is counting on is a confirmation of the presented hypothesis […]
Traditional vs. Modern Forms of Money The most significant argument for the continuing existence of traditional forms of money is the impossibility of converting all financial resources into a digital form.
Time Value of Money: What You Should Know The time value of money is a paramount financial concept, according to which a certain amount is now worth more than the same amount in the future.
The Concept of the Time Value of Money The concept of the time value of money refers to the financial principle noting that a fixed amount of money currently is worth more than the same amount of money in the future.
Play Money Paper: A Report Betas of the Companies in the Portfolio It is noteworthy that in the given portfolio, the beta indices of the companies involved vary considerably.
Integration of Business Ethics in Preventing Money Laundering Schemes The shipping information within the document seems inaccurate with the intention to launder money from the buyer. The contribution of ocean carrier in the transaction process is doubtful to a given extent.
Trade-Based Money Laundering The purpose of this paper is to research the subject of trade-based money laundering, its impact on global scene and export controls, identify types of trade finance techniques used to launder illegal money, and provide […]
Impact of Natural Disasters on Money Markets and Investment Infusion of funds from the central bank during natural disasters results in higher process of exports as a direct result of an increase in the value of the local currency.
The Perception of Money, Wealth, and Power: Early Renaissance vs. Nowadays In the Renaissance period, power was a questionable pursuit and could be viewed as less stable due to more frequent upheavals.
Financial Institutions and Money Money is a store of value because it can be saved now and used to purchase se goods and services in the future.
Researching of the Time Value of Money After receiving the loan, one of the monetary policies that would help PIIGS to stabilize is the deflation of their currency, in this case, the Euro.
Anti-Money Laundering: Financial Action Task Force Meanwhile, given the limited access for physical assessment of state jurisdictions, it is likely that current provisions of FATF are yet to be revised in spite of pandemic travel and assessment restrictions.
Anti-Money Laundering in the UK Jurisdiction The regime adopted in the UK is based on the provisions of “the Terrorism Act of 2000, the Proceeds of Crime Act of 2002, as well as the Money Laundering, Terrorist Financing, and Transfer of […]
Trade-Based Money Laundering and Its Attractiveness The proliferation of the trade-based money laundering is directly related to the growing complexity of international trade systems, where new risks and vulnerabilities emerge and are seen as favorable among terrorist organizations seeking for the […]
Money Laundering and Sanctions Regulatory Frameworks Under the provisions of OFAC, the company has violated the cybersecurity rules that might indirectly bring a significant threat to the national security or the stability of the United States economy by engaging in online […]
Type Borrowing Money: Margin Lending In the defense of the storm financial planning firm, BOQ submitted to the authorities that in view of banking regulatory policies, storm had not contravened any of the policies and this is the reason why […]
Lessons on Financial Planning Using Money Tree Software Financial planning remains a fundamental function among the investors in coming up with a method of using the finances presently and in the future.
The Supply of Money in the Capitalist Economy In the capitalist economy that the world is currently based on, the supply of money plays a significant role in not only affecting salaries and prices but also the growth of the economy.
Time Value of Money Defined and Calculations Simply put, the same value of money today is worth the same value in future. The time value of money can therefore be defined as the calculated value of the money taking into consideration various […]
Money Tree Software: Financial Planning This return is important because: It represents the reward the business stakeholders and owner of the business get in staking their money on the business currently and in the future It rewards the business creditors […]
Money Management: Investment on Exchange-Traded Funds The essay will discuss the possibility of investing in a number of selected ETFs in connection to an investment objective of an individual.
What Is Money Laundering and Is It Possible to Fight It Certainly and more often money involved in laundering is obtained from illegal activities and the main objective of laundering is to ‘clean’ the dirty money and give it a legitimate appearance in terms of source.
Time Value of Money: Choosing Bank for Deposit The value of the money is determined by the rate of return that the bank will offer. The future value of the two banks is $20,000 and $22,000 for bank A and bank B respectively.
How Money Market Mutual Funds Contributed to the 2008 Financial Crisis While how the prices of shares fell below the set $1 per share was a complex process, it became one of the greatest systemic risks posed by the MMMF to the investors and the economy […]
Time Value of Money From an Islamic Perspective Islamic scholars say that the time value of money and the interest rates imposed on money lent are the reasons why the poor keep on getting poor and the rich richer.
Rational Decision Making: Money on Your Mind The mind is responsible for making financial decision and it is triggered by the messages we receive on the day to day activities. Lennick and Jordan explain that, we have two systems in the brain; […]
A Usability Test Conducted on GE Money.com.au It is common knowledge that the easier it is to access services and products on a given website the more likely users will be encouraged to come back.
“Most Important Thing Is Money Ltd”: Vaccination Development Thus, necessary powers have been vested with the Secretary of State for Health in England, through the recommendations of the Joint Committee on Vaccinations and Immunisation to enforce such preventive steps, through necessary programs that […]
Money Investments in the Companies and Bonds The stock volume is on the low level now, about 30, but it is connected with the crisis in the world and the additional investment may support the company and increase it. In general the […]
Money Management in the Organization There is a much debate on the issue and several people an financial experts do analyze the historical perspectives of the Active vs Passive money management.
How the Virus Transformed Money Spending in the US In the article featured in the New York Times, Leatherby and Geller state that the rate at which people spend their money has rapidly decreased due to the emergence of the virus in the United […]
The Role of Money and Class Division in Society The image of modern American society tries in vain to convey the prevalence of personality over social division. Americans’ perception of financial status has been shaped for years by creating the notion of the “American […]
Money and American Classes in 1870-1920 Wherein, the time of the stock market emergence was the time of the ongoing “carnival,” where the mystical power of money transferred to miraculous products and medicines and compelling advertisements.
The Ascent of Money – Safe as Houses Looking from a broad historical perspective, Niall Ferguson devotes the chapter “Save as Houses” to the observation of the real estate concept transformation, describes the place of the real estate market in the economic systems […]
The Ascent of Money – Blowing Bubbles The price for a share tells how much people rely on the cost of the company in the future. The life of a stock market represents the reflection of human moods on the price of […]
Canada’s Role in the History of Money: The Relationship Between Ownership and Control Individuals with the predominant shares gain the directorship of the wealth production channels and as such gain control of the diversified owners.
Why Non-Monetary Incentives Are More Significant Than Money It is important to recognize that both monetary and non-monetary incentives, otherwise known as total rewards, are offered to employees in diverse ways for purposes of attracting and motivating them to the ideals of the […]
To Make Money or Serve the Society? However, when the issue of the corporation to serve the society arises, then it kind of compromises the main focus of the corporation, which is to make money. These have been the major causes of […]
Money Role in Macro Economy The dollar is till now the most accepted currency in the world and this dollar fluctuation that has been caused by the worst recession in American history since the time of the Great Depression is […]
Two Attitudes Toward Money Two attitudes toward money involve negative perception of money as universal evil and positive perception of money as source of good life and prosperity.
Organizational Communication & the “Money” Aspect While the use of this information is critical for both ensuring survival of the organization and being a frontrunner in its strategies for the future, there are large boulders in use of this information effectively, […]
Tax Money Usage on Military Spending Issue The fact that America won the Cold War and defeated the Soviets is taken as a vindication by the American leaders of the need to continue military spending.
Money Makes You Happy: Philosophical Reasoning It is possible to give the right to the ones who think that money can buy happiness. This conclusion is not accepted by psychologists who think that wealth brings the happiness only in the moment […]
“Who Says Money Cannot Buy Happiness” by Lee Investment is a production process for will it bring about goods and services that can be sold to the market and in the process, the owner of the business makes some profit.
Technical Analysis as Active Money Management Method Technical analysis is the financial markets methodology that asserts the capability to foretell the probable course of security charges by the means of past market data study, principally price and volume.
Spare Change: Giving Money to the “Undeserving Poor” To address the central theme of the article, one need to delve deeper into the psyche of giving alms and money to the poor people we meet on the street.
The Use of Money in Business Practices Money is seen as the cause of problems and especially in the minds of emerging market respondents. Through this they can pick up groceries for the old in their neighborhood and make money from this.
Money Laundering and Terrorist Finance However, the balance money after the sham gambling is transferred to another ordinary bank account, thereby creating a legal status for the laundered money as if it has come from gambling and will be employed […]
City Planning. Too Much Money: Why Savings Are Bad The scenario is that the expected growth in economies where the rate of savings is high has not shown a corresponding increase in growth rate also.
Debates in Endogenous Money: Basil Moore The value of the currency was determined by the value of the precious metal used to mint the currency. From the time Federal Reserve took control of money and credit, economic consistency is attained by […]
Money and Banking. Financial Markets The essay will examine the essence and the importance of the above-mentioned financial phenomena and see how their interrelation, especially in the negative context, can influence the state of things in society.
Money and Justice: High-Profile Cases It is estimated that thousands of persons bracketed in the ‘poor’ sector of society go to jail annually in the United States without having spoken to a lawyer.
Accounting for Public Money After Railway Privatization There were very many problems prior to the railway privatization in 1990.one of the problems that led to the privatization of the railway line in the UK was the misappropriation of taxpayers’ money.
Time Value of Money and Its Financial Applications The time value of money refers to the idea that money available at the present time is worth more than the same amount in the future, due to its potential earning capacity.
Time Value of Money in Examples Therefore, re-purchase of the shares appeals to the managers of the company because it will allow the company uses the money to regenerate more money for the purpose of repurchase the shares in the future.
Wall Street Managers: The Art of Making Money In the end, the goal of Wall Street managers is to ensure optimal returns in all of their investments. The evolution of Wall Street managers is etched in the history of financial markets.
Money Laundering in the USA and Australia The International Money Fund has established that the aggregate size of money laundering in the World is approximately four percent of the world’s gross domestic product.
Locke’s Second Treatise of Government and Voltaire’s Candide’s Value on Money Both written at a time when philosophers had started questioning the relevance of capitalism and the concept of wealth creation, it is evident that the two authors were keen on explaining the power of money […]
The Concept of Money Laundering The first issue I have learned is that the main problem lies in the presence of Big Data that includes trillions of transactions of various financial organizations and systems.
Fraud, Money Laundering, and Terrorism Financing After the audacious attack by Al-Qaeda and the destruction of the Twin Towers on 11th of September 2001, terrorism was declared the number one enemy to the peace and stability of the modern world.
Time Value of Money – Preparing for Home Ownership The purchase price of the house is determined by using the following formula in Excel. 66 The down payment is 20% of the future value of the house, i.e, $40,278.13.
Martin Van Buren: Money and Indian Relocation One of the reasons for such collaboration and understanding is the focus on the values we have. I believe this path will bring us to the land we all would like to live in.
The General Theory of Employment, Interest and Money Money is a determinant of the propensity to consume; hence, the more money one makes, the more that he or she consumes and the converse is the case.
The Practice of Saving Money Knowledge of the language is also a very crucial component of EAP as it aids the learner in understanding questions and responding to them in their examinations.another differentiating factor between the two varieties of English […]
Money Market and Value-Based Pricing Consequently, the GDP can be defined by the equation: Y=C+I+G+NX where: Y= Total GDP, C=Consumption by household, I=Investment, G=Government expenditure, NX=Net Exports Net Domestic product entails the reduction of the GDP by the depreciation of […]
How Money Markets Operate? Furthermore, only free markets have shown the resilience that is necessary to accompany the fluctuations in demand and supply of the money markets.
Access Right to Money: Sculpture Theft Among the suspects, there are those in dire need of the money due to financial problems, while others need the values worth of the item and not the actual monetary price attached to the item.
History of Money in Spain The production of coins melted from gold also ceased in the year 1904, with the production of that melted from silver ceasing in the year 1910.
Money Flows and Financial Repression in the US and China From the article, the authors depict how the interest rates in developed countries like the United States compare with those of the emerging markets such as China, India, and Brazil.
Management: “Marketplace Money” and “Undercover Boss” In this case, the accents are made on the support of the healthy workforce in order to guarantee the better employees’ performance and on the idea of rewards as the important aspects to stimulate the […]
Money Compensation for Student-Athletes Besides, sports are highly lucrative for colleges, and students whose labor brings the revenues should share the part of them not to lose the interest in such activities.
Chapters 1-3 of “Money Mechanics” by David Ashby The retained amount of money in the commercial bank is the primary reserve. The banks can decide to reduce their working reserve, and the money obtained is transferred to the excess reserve fund in accounts […]
Banking in David Ashby’s “Money Mechanics” Changes in prices may not have a direct effect on the gross domestic product and the planned expenditures because this is determined by the money that is in supply. This causes the GDP and prices […]
Karl Marx on Commodities, Labor, and Money Division of labour is very important in the production of commodities. The use-value of each commodity contains useful labour.
The UAE Against Money Laundering and Terrorism Financing This valuation of the anti-money laundering and combating the financing of terrorism government of the United Arab Emirates is founded on the forty endorsements and the nine special commendations on extremist supporting of the monetary […]
UAE Anti-Money Laundering Laws and Their Benefits The legal maintenance of counteraction to the legalization of criminal incomes is carried out by means of a system of laws and regulations, controlling financial, bank, and customs relations and establishing the order of licensing […]
Money, Their Features, Functions and Importance The first hindrance is the inability of the household to monitor the activities of firms. In this case, it is used to state the value of debt.
Happiness Without Money in Sociology and Psychology The tendency’s mechanics are simple – being in the possession of any substantial sum of money increases a person’s chance to secure a dominant status within the society, which in turn will result in strengthening […]
Money Market Development Factors The money market is one of the fundamental elements in the functioning of any state. Under these conditions, the gradual rise of technologies and their implementation in the sphere of financial operations alter the money […]
“God’ Money is Now My Money” by Stanley Seat It could be said that different priorities and the lack of time for supervision of the employees are the critical reasons for the violation of rules and high frequency of fraud in the religious institutions […]
International Money Laundering Thus, money laundering has a profound impact on the state of the global economy, as well as on the economy of the U.S.
Cybercrime and Digital Money Laundering The result of the investigation was the indictment of Western Express and a number of the company’s clients for several charges including stolen credit card data trafficking and money laundering.
Hawala Remittance System: Anti-Money Laundering Compliance The existence and operation of money remittance systems is one of the primary features of developing economic relation at all scales from local to the global ones.
Time Value of Money in Economies of Scale Also, the investigation of the VoF becomes easier by means of scrutinizing the tradeoff between the TVM and the EoS. The TVM is also employed to reach the integration of infrastructure investment valuation and risk […]
Time Value of Money in Investment Planning The author of the post makes a good point that an amount of money is worth more the sooner it is received.
David Leonhardt: May Be Money Does Buy Happiness After All The case study of Japanese citizens that support Easterlin paradox do not factor in the confounding psychological effects of the Second World War on the entire population and the country.
Illegal Drug Use, Prostitution and Money Laundering Upon discussing the impact of money laundering, illegal drugs, and prostitution, the paper proposes the issuing of a court order restraining the use of wealth acquired from victimless crimes as one of the approaches to […]
Getting Beyond: Show Me the Money Nevertheless, underpayment and overpayment are common, leading to dissatisfaction. Notably, compensation is part culture, but analytics will gain traction in the big data era, as start-ups leverage such advantages from experts to manage a sales […]
Space Programs: Progress or Waste of Money? According to Ehrenfreund, the ingenuity to develop technologies and work in space is part of the progress that comes from space programs. Space programs have led to the development of technologies that improve air transport.
“The Money Machine: How the City Works” by Coggan The media plays a chief role in educating the public concerning the various financial matters that affect the undertakings of the City.
Money Evolution in Ancient Times and Nowadays In the means to defining what money is, most of the scholars from the psychological and physiological field have come up with the theoretical aspects of money and the ways it influences the economic growth […]
Fraud and Crime Theory in the “Black Money” Movie The movie shows the irregularities involved in the acquisition of arms for the Saudi government. The movie is a perfect display of the international crimes and financial fraud that has been on the rise in […]
Mercantilism, Stamped Money, and Under-Consumption It is paramount to note that he criticizes ideas of Ricardo quite frequently, and he believed that he did not consider the ideas that were suggested by other prominent economists.
Money Evolution in the 21st Century and Before The history of the world cannot be described effectively without identifying the function of money. Money has been used to measure the value of resources and financial markets.
Financial Crisis in Ferguson’s “The Ascent of Money” By Ferguson, the main purpose of the historian is to relieve humanity from the financial illusions on the examples of the past.
Monetary Policy in “The Ascent of Money” by Ferguson The rise of Babylon is closely linked to the evolution of the concept of debt and credit; without bond markets and banks, the brilliance of the Italians would not have materialized; the foundation of the […]
The Airtel Money Service: Indian and African Paths When comparing the Indian and African paths in introducing the service, the first difference that arises is the main user of the service as in the case of India, it was the lower middle class.
Money History, Ethical and Social Standarts These moral preconditions of the emergence of money, the social conventions that regulate and control it, and the evolvement of its status in the present-day world can be regarded as the most significant events in […]
World Money History in the 20th Century and New Objects of Value
Locke’s Work on Interest and Value of Money
Money in the “Sheriff of Cape Breton” Case Study
Medieval England in “Treatise on the New Money”
Blowing Bubbles in Ferguson’s “The Ascent of Money”
Treatise on the New Money: Document Analysis
Human Bondage in Ferguson’s “The Ascent of Money”
Money History, Bonds, Market Bubbles, and Risks
Park Avenue: Money, Power and the American Dream
Deflation in the Quantity Theory of Money
Money, Its Purpose and Significance in History
“Who Stole the Money, and When?” by Greenberg
Money History From the Middle Ages to Mercantilism
Money Development From 600 BC to Nowadays
Money Development and Its Stages in World History
Market Society in “What Money Can’t Buy” by Sandels
Employee Theft in “Who Stole the Money, and When?”
European Union Anti-Money Laundering Directive
Park Avenue: Money, Power and the American Dream – Movie Analysis
T-Shirts “SENIOR 2016” and Time Value of Money
Time and Money in “Neptune’s Brood” by Charles Stross
“College Is a Waste of Time and Money” by Bird
Virgin Money Company’s Business Model in Canada
Money in History and World Cultures
Is College Education Worth the Money
Weddings, Marriage, and Money in the UAE
Money and Happiness Connection – Philosophy
The Ascent of Money: A Financial History of the World
“Art for Money’s Sake” by William Alden
Money’s and Banking’ Concepts
Central Bank of Bahrain and Money Supply Regulation
Psychological Research: Money Can Buy Happiness
Finance: The History of Money
Finance in the Book “The Ascent of Money” by Niall Ferguson
Criminal Law: Blood Money From the Human Organs Sale
Money as an Emerging Market Phenomenon
Cyber-Crime – New Ways to Steal Identity and Money
The Case of Stolen Donation Money
Time Value of Money
Money and Banking: The Economic Recession of 2007
Money and Banking: David S. Ashby’s Perspective
Christian Moral Teaching and Money
Money and Capital Markets: Turkey, India and China
Money and Capital Markets: Central Banks
Anti Money Laundering and Combating the Financing of Terrorism
Mobile Money Transfer as an Alternative Product for Vodafone Group Plc
UK and USA During the Period 2000-2010: Consumer Price Index, Unemployment Rate, Money Supply and Interest Rate
Are Workers Motivated Mainly by Money?
Money Mechanics in the U.S.
Money and Markets vs. Social Morals
Money Laundering In Saudi Arabia
Inflation Tax – Printing More Money to Cover the War Expenses
Banks and the Money Supply
Money Mechanics in Banks System
Money Laundering In Russia
Money and Work Performance
Sports and Money in Australia
Money Supply and Exchange Rates
Mobile Money Transfer Service
Central Banking and the Money Supply
The Different Roles Played By the Central Bank, Depository Institutions, and Depositors in the Determination of Money Supply
Jean-Jacques Rousseau and Karl Marx: The Role of Money in Human Life
How Saudi Banks Deal With Money Laundery
The Ascent of Money
Niall Ferguson’s ‘The Ascent of Money’
Role of Money in the American Dream’s Concept
Money, Motivation and Employee Performance
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Understanding financial stress

Effects of financial stress on your health, tip 1: talk to someone, tip 2: take inventory of your finances, tip 3: make a plan—and stick to it, tip 4: create a monthly budget, tip 5: manage your overall stress, coping with financial stress.

Feeling overwhelmed by money worries? Whatever your circumstances, there are ways to get through these tough economic times, ease stress and anxiety, and regain control of your finances.

If you’re worried about money, you’re not alone. Many of us, from all over the world and from all walks of life, are having to deal with financial stress and uncertainty at this difficult time. Whether your problems stem from a loss of work, escalating debt, unexpected expenses, or a combination of factors, financial worry is one of the most common stressors in modern life. Even before the global coronavirus pandemic and resulting economic fallout, an American Psychological Association (APA) study found that 72% of Americans feel stressed about money at least some of the time. The recent economic difficulties mean that even more of us are now facing financial struggles and hardship.

Like any source of overwhelming stress, financial problems can take a huge toll on your mental and physical health, your relationships, and your overall quality of life. Feeling beaten down by money worries can adversely impact your sleep, self-esteem, and energy levels. It can leave you feeling angry, ashamed, or fearful, fuel tension and arguments with those closest to you, exacerbate pain and mood swings, and even increase your risk of depression and anxiety. You may resort to unhealthy coping mechanisms, such as drinking, abusing drugs, or gambling to try to escape your worries. In the worst circumstances, financial stress can even prompt suicidal thoughts or actions. But no matter how hopeless your situation seems, there is help available. By tackling your money problems head on, you can find a way through the financial quagmire, ease your stress levels, and regain control of your finances—and your life.

While we all know deep down there are many more important things in life than money, when you’re struggling financially fear and stress can take over your world. It can damage your self-esteem, make you feel flawed, and fill you with a sense of despair. When financial stress becomes overwhelming, your mind, body, and social life can pay a heavy price.

[Read: Stress Symptoms, Signs, and Causes]

Financial stress can lead to:

Insomnia or other sleep difficulties. Nothing will keep you tossing and turning at night more than worrying about unpaid bills or a loss of income.

Weight gain (or loss). Stress can disrupt your appetite, causing you to anxiously overeat or skip meals to save money.

Depression. Living under the cloud of money problems can leave anyone feeling down, hopeless, and struggling to concentrate or make decisions. According to a study at the University of Nottingham in the UK, people who struggle with debt are more than twice as likely to suffer from depression .

Anxiety. Money can be a safety net; without it, you may feel vulnerable and anxious. And all the worrying about unpaid bills or loss of income can trigger anxiety symptoms such as a pounding heartbeat, sweating, shaking, or even panic attacks.

Relationship difficulties. Money is often cited as the most common issue couples argue about. Left unchecked, financial stress can make you angry and irritable, cause a loss of interest in sex, and wear away at the foundations of even the strongest relationships .

Social withdrawal. Financial worries can clip your wings and cause you to withdraw from friends, curtail your social life, and retreat into your shell—which will only make your stress worse.

Physical ailments such as headaches, gastrointestinal problems, diabetes, high blood pressure , and heart disease. In countries without free healthcare, money worries may also cause you to delay or skip seeing a doctor for fear of incurring additional expenses.

Unhealthy coping methods , such as drinking too much , abusing prescription or illegal drugs, gambling, or overeating. Money worries can even lead to self-harm or thoughts of suicide.

If you are feeling suicidal…

Your money problems may seem overwhelming and permanent right now. But with time, things will get better and your outlook will change, especially if you get help. There are many people who want to support you during this difficult time, so please reach out!

Read Are You Feeling Suicidal? , call 1-800-273-TALK in the U.S., or find a helpline in your country at IASP or Suicide.org .

The vicious cycle of poor financial health and poor mental health

A number of studies have demonstrated a cyclical link between financial worries and mental health problems such as depression, anxiety, and substance abuse.

Financial problems adversely impact your mental health. The stress of debt or other financial issues leaves you feeling depressed or anxious.

The decline in your mental health makes it harder to manage money. You may find it harder to concentrate or lack the energy to tackle a mounting pile of bills. Or you may lose income by taking time off work due to anxiety or depression.

These difficulties managing money lead to more financial problems and worsening mental health problems, and so on. You become trapped in a downward spiral of increasing money problems and declining mental health.

No matter how bleak your situation may seem at the moment, there is a way out. These strategies can help you to break the cycle, ease the stress of money problems, and find stability again.

When you’re facing money problems, there’s often a strong temptation to bottle everything up and try to go it alone. Many of us even consider money a taboo subject, one not to be discussed with others. You may feel awkward about disclosing the amount you earn or spend, feel shame about any financial mistakes you’ve made, or embarrassed about not being able to provide for your family. But bottling things up will only make your financial stress worse. In the current economy, where many people are struggling through no fault of their own, you’ll likely find others are far more understanding of your problems.

[Read: Social Support for Stress Relief]

Not only is talking face-to-face with a trusted friend or loved one a proven means of stress relief, but speaking openly about your financial problems can also help you put things in perspective. Keeping money worries to yourself only amplifies them until they seem insurmountable. The simple act of expressing your problems to someone you trust can make them seem far less intimidating.

The person you talk to doesn’t have to be able to fix your problems or offer financial help.
To ease your burden, they just need to be willing to talk things out without judging or criticizing.
Be honest about what you’re going through and the emotions you’re experiencing.
Talking over your worries can help you make sense of what you’re facing and your friend or loved one may even be able to come up with solutions that you hadn’t thought of alone.

Getting professional advice

Depending on where you live, there are a number of organizations that offer free counseling on dealing with financial problems, whether it’s managing debt, creating and sticking to a budget, finding work, communicating with creditors, or claiming benefits or financial assistance. (See the “Get more help” section below for links).

Whether or not you have a friend or loved one to talk to for emotional support, getting practical advice from an expert is always a good idea. Reaching out is not a sign of weakness and it doesn’t mean that you’ve somehow failed as a provider, parent, or spouse. It just means that you’re wise enough to recognize your financial situation is causing you stress and needs addressing.

Speak to a Licensed Therapist

BetterHelp is an online therapy service that matches you to licensed, accredited therapists who can help with depression, anxiety, relationships, and more. Take the assessment and get matched with a therapist in as little as 48 hours.

Opening up to your family

Financial problems tend to impact the whole family and enlisting your loved ones’ support can be crucial in turning things around. Even if you take pride in being self-sufficient, keep your family up to date on your financial situation and how they can help you save money.

Let them express their concerns. Your loved ones are probably worried—about both you and the financial stability of your family unit. Listen to their concerns and allow them to offer suggestions on how to resolve the financial problems you’re facing.

Make time for (inexpensive) family fun. Set aside regular time where you can enjoy each other’s company, let off steam, and forget about your financial worries. Walking in the park, playing games, or exercising together doesn’t have to cost money but it can help ease stress and keep the whole family positive.

If you’re struggling to make ends meet, you may think you can ease your stress by leaving bills unopened, avoiding phone calls from creditors, or ignoring bank and credit card statements. But denying the reality of your situation will only make things worse in the long run. The first step to devising a plan to solve your money problems is to detail your income, debt, and spending over the course of at least one month.

A number of websites and smartphone apps can help you keep track of your finances moving forward or you can work backwards by gathering receipts and examining bank and credit card statements. Obviously, some money difficulties are easier to solve than others, but by taking inventory of your finances you’ll have a much clearer idea of where you stand. And as daunting or painful as the process may seem, tracking your finances in detail can also help you start to regain a much-needed sense of control over your situation.

Include every source of income. In addition to any salary, include bonuses, benefits, alimony, child support, or any interest you receive.

Keep track of ALL your spending. When you’re faced with a pile of past-due bills and mounting debt, buying a coffee on the way to work may seem like an irrelevant expense. But seemingly small expenses can mount up over time, so keep track of everything. Understanding exactly how you spend your money is key to budgeting and devising a plan to address your financial problems.

List your debts. Include past-due bills, late fees, and list minimum payments due as well as any money you owe to family or friends.

Identify spending patterns and triggers. Does boredom or a stressful day at work cause you to head to the mall or start online shopping? When the kids are acting out, do you keep them quiet with expensive restaurant or takeout meals, rather than cooking at home ? Once you’re aware of your triggers you can find healthier ways of coping with them than resorting to “retail therapy”.

Look to make small changes. Spending money on things like a morning newspaper, lunchtime sandwich, or break-time cigarettes can add up to a significant monthly outlay. While it may be unreasonable to deny yourself every small pleasure, cutting down on nonessential spending and finding small ways to reduce your daily expenditure can really help to free up extra cash to pay off bills.

Eliminate impulse spending. Ever seen something online or in a shop window that you just had to buy? Impulsive buying can wreck your budget and max out your credit cards. To break the habit, try making a rule that you’ll wait a week before making any new purchase.

Go easy on yourself. As you review your debt and spending habits, remember that anyone can get into financial difficulties, especially at times like this . Don’t use this as an excuse to punish yourself for any perceived financial mistakes. Give yourself a break and focus on the aspects you can control as you look to move forward.

When your financial problems go beyond money

Sometimes, the causes for your financial difficulties may lie elsewhere. For example, money troubles can stem from problem gambling , fraud abuse , or a mental health issue, such as overspending during a bipolar manic episode .

To prevent the same financial problems recurring, it’s imperative you address both the underlying issue and the money troubles it’s created in your life.

Just as financial stress can be caused by a wide range of different money problems, so there are an equally wide range of possible solutions. The plan to address your specific problem could be to live within a tighter budget, lower the interest rate on your credit card debt, curb your online spending, seek government benefits, declare bankruptcy, or to find a new job or additional source of income.

If you’ve taken inventory of your financial situation, eliminated discretionary and impulse spending, and your outgoings still exceed your income, there are essentially three choices open to you: increase your income, lower your spending, or both. How you go about achieving any of those goals will require making a plan and following through on it.

Identify your financial problem. Having taken inventory, you should be able to clearly identify the financial problem you’re facing. It may be that you have too much credit card debt, not enough income, or you overspend on unnecessary purchases when you feel stressed or anxious. Or perhaps, it’s a combination of problems. Make a separate plan for each one.
Devise a solution. Brainstorm ideas with your family or a trusted friend, or consult a free financial counseling service. You may decide that talking to credit card companies and requesting a lower interest rate would help solve your problem. Or maybe you need to restructure your debt, eliminate your car payment, downsize your home, or talk to your boss about working overtime.
Put your plan into action. Be specific about how you can follow through on the solutions you’ve devised. Perhaps that means cutting up credit cards, networking for a new job , registering at a local food bank, or selling things on eBay to pay off bills, for example.
Monitor your progress. As we’ve all experienced recently, events that impact your financial health can happen quickly, so it’s important to regularly review your plan. Are some aspects working better than others? Do changes in interest rates, your monthly expenses, or your hourly wage, for example, mean you should revise your plan?
Don’t get derailed by setbacks. We’re all human and no matter how tight your plan, you may stray from your goal or something unexpected could happen to derail you. Don’t beat yourself up, but get back on track as soon as possible.

The more detailed you can make your plan, the less powerless you’ll feel over your financial situation.

Whatever your plan to relieve your financial problems, setting and following a monthly budget can help keep you on track and regain your sense of control.

Include everyday expenses in your budget, such as groceries and the cost of traveling to work, as well as monthly rent, mortgage, and utility bills.
For items that you pay annually, such as car insurance or property tax, divide them by 12 so you can set aside money each month.
If possible, try to factor in unexpected expenses, such as a medical co-pay or prescription charge if you fall sick, or the cost of home or car repairs.
Set up automatic payments wherever possible to help ensure bills are paid on time and you avoid late payments and interest rate hikes.
Prioritize your spending. If you’re having trouble covering your expenses each month, it can help to prioritize where your money goes first. For example, feeding and housing yourself and your family and keeping the power on are necessities. Paying your credit card isn’t—even if you’re behind on your payments and have debt collection companies harassing you.
Keep looking for ways to save money. Most of us can find something in our budget that we can eliminate to help make ends meet. Regularly review your budget and look for ways to trim expenses.
Enlist support from your spouse, partner, or kids. Make sure everyone in your household is pulling in the same direction and understands the financial goals you’re working towards.

Resolving financial problems tends to involve small steps that reap rewards over time. In the current economic climate, it’s unlikely your financial difficulties will disappear overnight. But that doesn’t mean you can’t take steps right away to ease your stress levels and find the energy and peace of mind to better deal with challenges in the long-term.

[Read: Stress Management]

Get moving. Even a little regular exercise can help ease stress, boost your mood and energy, and improve your self-esteem. Aim for 30 minutes on most days, broken up into short 10-minute bursts if that’s easier.

Practice a relaxation technique. Take time to relax each day and give your mind a break from the constant worrying. Meditating , breathing exercises, or other relaxation techniques are excellent ways to relieve stress and restore some balance to your life.

Don’t skimp on sleep. Feeling tired will only increase your stress and negative thought patterns. Finding ways to improve your sleep during this difficult time will help both your mind and body.

Boost your self-esteem. Rightly or wrongly, experiencing financial problems can cause you to feel like a failure and impact your self-esteem. But there are plenty of other, more rewarding ways to improve your sense of self-worth. Even when you’re struggling yourself, helping others by volunteering can increase your confidence and ease stress, anger, and anxiety—not to mention aid a worthy cause. Or you could spend time in nature, learn a new skill, or enjoy the company of people who appreciate you for who you are, rather than for your bank balance.

Eat healthy food. A healthy diet rich in fruit, vegetables, and omega-3s can help support your mood and improve your energy and outlook. And you don’t have to spend a fortune; there are ways to eat well on a budget .

Be grateful for the good things in your life. When you’re plagued by money worries and financial uncertainty , it’s easy to focus all your attention on the negatives. While you don’t have to ignore reality and pretend everything’s fine, you can take a moment to appreciate a close relationship, the beauty of a sunset, or the love of a pet, for example. It can give your mind a break from the constant worrying, help boost your mood, and ease your stress.

Find financial resources

Find U.S. Government Services and Information including How to Get Out of Debt , Unemployment Help , and Getting Help with Living Expenses . Or call 1-844-872-4681. (USA gov)

Get help with debt and housing problems from Citizens Advice , contact a free debt service at National Debtline or Stepchange , or seek free financial advice from the government’s Money Advice Service .

Find Government Services , get free Financial Counselling or call the National Debt Helpline at 1800 007 007.

Find government services and information for Managing Debt and Benefits .

More Information

Managing Job Loss and Financial Stress - Helping yourself and your family cope with stress and financial worries following job loss. (University of Hawaii)
Managing Debt - Steps you can take to deal with debt. (Federal Trade Commission)
Managing money and budgeting - Tips for creating a family budget. (raisingchildren.net.au)
Make a Budget - Simple worksheet to help you create a budget. (Federal Trade Commission)
Money Stress Weighing on Americans’ Health - Details of the 2015 Stress in America: Paying with Our Health survey from the American Psychological Association. (APA)
Trauma- and Stressor-Related Disorders. (2013). In Diagnostic and Statistical Manual of Mental Disorders . American Psychiatric Association. Link
Inc, Gallup. “The U.S. Healthcare Cost Crisis.” Gallup.com. Accessed November 16, 2021. Link
Anderson, Norman B, Cynthia D Belar, Steven J Breckler, Katherine C Nordal, David W Ballard, Lynn F Bufka, Luana Bossolo, Sophie Bethune, Angel Brownawell, and Katelynn Wiggins. Stress in America: Paying with our Health. “AMERICAN PSYCHOLOGICAL ASSOCIATION,” n.d., 23. Link
Ramsey Solutions. “Money, Marriage, and Communication.” Accessed November 16, 2021. Link
“At What Costs? Student Loan Debt, Debt Stress, and Racially/Ethnically Diverse College Students’ Perceived Health. – PsycNET.” Accessed November 16, 2021. Link
Richardson, Thomas, Peter Elliott, and Ronald Roberts. “The Relationship between Personal Unsecured Debt and Mental and Physical Health: A Systematic Review and Meta-Analysis.” Clinical Psychology Review 33, no. 8 (December 1, 2013): 1148–62. Link
Warth, Jacqueline, Marie-Therese Puth, Judith Tillmann, Johannes Porz, Ulrike Zier, Klaus Weckbecker, and Eva Münster. “Over-Indebtedness and Its Association with Sleep and Sleep Medication Use.” BMC Public Health 19, no. 1 (July 17, 2019): 957. Link
Saleh, Dalia, Nathalie Camart, Fouad Sbeira, and Lucia Romo. “Can We Learn to Manage Stress? A Randomized Controlled Trial Carried out on University Students.” PLOS ONE 13, no. 9 (September 5, 2018): e0200997. Link
“Stress, Social Support, and the Buffering Hypothesis. – PsycNET.” Accessed November 15, 2021. Link
Salmon, P. “Effects of Physical Exercise on Anxiety, Depression, and Sensitivity to Stress: A Unifying Theory.” Clinical Psychology Review 21, no. 1 (February 2001): 33–61. Link
Toussaint, Loren, Quang Anh Nguyen, Claire Roettger, Kiara Dixon, Martin Offenbächer, Niko Kohls, Jameson Hirsch, and Fuschia Sirois. “Effectiveness of Progressive Muscle Relaxation, Deep Breathing, and Guided Imagery in Promoting Psychological and Physiological States of Relaxation.” Evidence-Based Complementary and Alternative Medicine 2021 (July 3, 2021): e5924040. Link

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Money Basics - Financial Problem Solving Strategies

Money basics -, financial problem solving strategies, money basics financial problem solving strategies.

Money Basics: Financial Problem Solving Strategies

Lesson 2: financial problem solving strategies.

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Financial problem-solving strategies

person carrying heavy weight with dollar sign

Have you ever experienced a financial problem? Do you feel like finances are holding you back from reaching your goals? This lesson will give a brief overview of the general problem-solving process and how to apply it to the most common financial problems.

The problem-solving process

First, let's take a look at a general problem-solving process that you can apply to any situation, not just a financial one.

Identify the problem . The first step in solving a problem is to identify it. What exactly do you need to overcome?
Make a plan. What are the steps you need to take in order to overcome the problem?
Implement the plan . This step actually puts the plan you created in place. While it sounds fairly straightforward, this is usually the most difficult step.
Evaluate the plan . Although this is listed last, this step might actually occur simultaneously with implementing the plan. Things happen and circumstances change, so you may need to re-evaluate your plan as it is happening.

Identifying the problem

credit report with low credit score of 360

The first step in the problem-solving process is to get to the root of the problem and understand what you need to overcome. Here is a list of the most common financial problems people may face:

Lack of income/job loss
Unexpected expenses
Too much debt
Need for financial independence
Overspending or lack of budget
Lack of savings

When thinking about these common problems, each one falls into one of three areas: You need more money, you need to reduce your debt, or you need to change how you spend.

Making a plan

After identifying the problem you need to overcome, it's time to make a plan. Not sure where to start? No worries! We have you covered with some tips and places to begin.

Problem 1: You need more money . Whether you've lost your job, met an unexpected expense, or are working on becoming more financially independent, a form of income is necessary.

If you are a looking for additional work or maybe just a better-paying job, take some time to update your resume and cover letter. Make sure they are neat, up to date with your most current information, and free of spelling and grammar errors.

Be wary of any advertisements or jobs that offer fast, easy money. A lot of quick-cash methods come with unintended consequences. More often than not, if something sounds too good to be true, it probably is.

Problem 2: You need to reduce your debt . With high interest rates or the need to live paycheck to paycheck, high debt can be debilitating. Sometimes it feels like climbing a neverending mountain with an invisible peak. However, by prioritizing and negotiating your debt, you can make it more manageable.

Try listing all of your debt and the interest rates associated with each. Focus on paying off the ones with the highest interest rates first. If you're having trouble making payments, call the loan company and see if it can offer any solutions for you. The company may be able to lower your interest rate or offer a temporary forbearance to help you get back on your feet. If you need more help tackling your debt, you may want to contact a professional debt counselor like Consolidated Credit.

Problem 3: You need to change how you spend . Going from financial problems to a healthy financial status often requires organization and a shift in thinking. Avoiding overspending, building your savings, and gaining financial independence can often be accomplished with good spending habits.

The first thing you may want to try is creating a budget. There are many templates and resources available to help you create one. Sticking to one can be challenging, but simply having a budget laid out can help you see where you need to start spending less.

In addition to your budget, create a savings plan. Start out small. Even stowing away an extra dollar or two here and there can make a big difference. Also, try placing your savings in a place you cannot easily access. For example, create a savings account at a bank you don't usually use. The more difficult it is to access your money, the less likely you are to spend it.

Implementing the plan

person on ladder climbing to metaphorical financial security

Although the explanation of this part is the simplest, this is often the most difficult part to actually execute. It requires self-discipline and perseverance. The most important part of this step is to know that if your plan doesn't work or if you have a difficult time sticking to it, all is not lost. If it happens, move on to the next step, evaluate your plan, then repeat the process.

Overcoming financial obstacles can require changing your lifestyle, and this does not happen overnight. However, just having a plan itself can help to give you confidence and reassurance that you can eventually overcome whatever is in your way.

Evaluating your plan

As you implement your plan, you'll need to continually evaluate it. Maybe something happens and your original plan needs to change. Perhaps you've learned more along the way and realize that your original plan was incomplete. Or maybe your first plan went as planned and was a success. No matter the circumstances, it is always a good idea to look back and re-evaluate. Try answering these questions:

Was your problem solved? Did a new problem arise?
What went right?
What went wrong?
What circumstances changed?
Was there anything you didn't account for?
What was easy about implementing your plan?
What was difficult about implementing your plan?

Financial obstacles can often seem debilitating and impossible to overcome. They often create a significant source of financial anxiety . We hope this lesson will help give you the confidence to take on your problem one step at a time so you can conquer your anxiety and move forward.

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Managing Your Debt

10 Simple Ways To Manage Your Money Better

Being good with money is about more than just making ends meet. Don't worry that you're not a math whiz; great math skills aren't really necessary - you just need to know basic addition and subtraction.

Life is much easier when you have good financial skills . How you spend your money impacts your credit score and the amount of debt you end up carrying. If you’re struggling with money management issues such a living paycheck to paycheck despite making more than enough money, then here are some tips to improve your financial habits.

When you’re faced with a spending decision, especially a large purchase decision, don’t just assume you can afford something. Confirm that you can actually afford it and that you haven’t already committed those funds to another expense.

That means using your budget and the balance in your checking and savings accounts to decide whether you can afford a purchase. Remember that just because the money is there doesn't mean you can make the purchase. You have also to consider the bills and expenses you'll have to pay before your next payday.

How To Manage Your Money Better

Have a budget : Many people don’t budget because they don’t want to go through what they think will be a boring process of listing out expenses, adding up numbers, and making sure everything lines up. If you’re bad with money, you don’t have room for excuses with budgeting. If all it takes to get your spending on track is a few hours working a budget each month, why wouldn’t you do it? Instead of focusing on the process of creating a budget, focus on the value that budgeting will bring to your life.
Use the budget: Your budget is useless if you make it then let it collect dust in a folder tucked away in your bookshelf or file cabinet. Refer to it often throughout the month to help guide your spending decisions. Update it as you pay bills and spend on other monthly expenses. At any given time during the month, you should have an idea of how much money you’re able to spend, considering any expenses you have left to pay.
Give yourself a limit for unbudgeted spending : A critical part of your budget is the net income or the amount of money left after you subtract your expenses from your income. If you have any money left over, you can use it for fun and entertainment, but only up to a certain amount. You can’t go crazy with this money, especially if it’s not a lot and it has to last the entire month. Before you make any big purchases, make sure it won’t interfere with anything else you have planned.
Track your spending: Small purchases here and there add up quickly, and before you know it, you’ve overspent your budget. Start tracking your spending to discover places where you may be unknowingly overspending. Save your receipts and write your purchases in a spending journal, categorizing them so you can identify areas where you have a hard time keeping your spending in check.
Don’t commit to any new recurring monthly bills : Just because your income and credit qualify you for a certain loan, doesn’t mean you should take it. Many people naively think the bank wouldn’t approve them for a credit card or loan they can’t afford. The bank only knows your income, as you’ve reported, and the debt obligations included on your credit report , not any other obligations that could prevent you from making your payments on time. It’s up to you to decide whether a monthly payment is affordable based on your income and other monthly obligations.
Make sure you’re paying the best prices : You can make the most of your money comparison shopping, ensuring that you’re paying the lowest prices for products and services. Look for discounts, coupons, and cheaper alternatives whenever you can.
Save up for big purchases : The ability to delay gratification will go a long way in helping you be better with money. When you put off large purchases, rather than sacrificing more important essentials or putting the purchase on a credit card, you give yourself time to evaluate whether the purchase is necessary and even more time to compare prices. By saving up rather than using credit, you avoid paying interest on the purchase. And if you save rather than skipping bills or obligations, well, you don’t have to deal with the many consequences of missing those bills .
Limit your credit card purchases : Credit cards are a bad spender's worst enemy. When you run out of cash, you simply turn to your credit cards without considering whether you can afford to pay the balance. Resist the urge to use your credit cards for purchases you can’t afford, especially on items you don’t really need.
Contribute to savings regularly : Depositing money into a savings account each month can help you build healthy financial habits. You can even set it up so the money is automatically transferred from your checking account to your savings account. That way, you don’t have to remember to make the transfer.
Being good with money takes practice : In the beginning, you may not be used to planning ahead and putting off purchases until you can afford them. The more you make these habits part of your daily life, the easier it is to manage your money, and the better off your finances will be.

Frequently Asked Questions (FAQs)

Why is money management important.

Without money management, personal finances are a bit of a mystery. This can lead to overspending and living paycheck-to-paycheck. Money management can help you have a better handle on your income and spending so you can make decisions that improve your financial status.

How do you improve money management?

You can improve your money management by regularly evaluating what you're doing with money and making changes that make sense for you. For example, if you don't have a budget, you could start by developing one. If you have a budget, you could track your spending and see how it lines up with your budget. Once you have an idea of your income and spending, you could choose to increase your savings, pay off debt, or start investing based on your financial goals.

Consumer Financial Protection Bureau. " Budgeting: How to Create a Budget and Stick With It ."

Consumer.gov. " Making a Budget ."

FiftyThirtyTwenty.com. " Income + Financial Stability in America ."

Consumer Financial Protection Bureau. " Spending Tracker ."

Consumer Financial Protection Bureau. " Bill Calendar: Know What You Owe and When It's Due ."

WSFS Bank. " 5 Ways to Save for a Big Purchase ."

Discover. " Six Tips On How To Stay Out of Debt ."

Consumer Financial Protection Bureau. " Looking for An Easy Way to Save Money? Make It Automatic ."

More Proof That Money Can Buy Happiness (or a Life with Less Stress)

When we wonder whether money can buy happiness, we may consider the luxuries it provides, like expensive dinners and lavish vacations. But cash is key in another important way: It helps people avoid many of the day-to-day hassles that cause stress, new research shows.

Money can provide calm and control, allowing us to buy our way out of unforeseen bumps in the road, whether it’s a small nuisance, like dodging a rainstorm by ordering up an Uber, or a bigger worry, like handling an unexpected hospital bill, says Harvard Business School professor Jon Jachimowicz.

“If we only focus on the happiness that money can bring, I think we are missing something,” says Jachimowicz, an assistant professor of business administration in the Organizational Behavior Unit at HBS. “We also need to think about all of the worries that it can free us from.”

The idea that money can reduce stress in everyday life and make people happier impacts not only the poor, but also more affluent Americans living at the edge of their means in a bumpy economy. Indeed, in 2019, one in every four Americans faced financial scarcity, according to the Board of Governors of the Federal Reserve System. The findings are particularly important now, as inflation eats into the ability of many Americans to afford basic necessities like food and gas, and COVID-19 continues to disrupt the job market.

Buying less stress

The inspiration for researching how money alleviates hardships came from advice that Jachimowicz’s father gave him. After years of living as a struggling graduate student, Jachimowicz received his appointment at HBS and the financial stability that came with it.

“My father said to me, ‘You are going to have to learn how to spend money to fix problems.’” The idea stuck with Jachimowicz, causing him to think differently about even the everyday misfortunes that we all face.

To test the relationship between cash and life satisfaction, Jachimowicz and his colleagues from the University of Southern California, Groningen University, and Columbia Business School conducted a series of experiments, which are outlined in a forthcoming paper in the journal Social Psychological and Personality Science , The Sharp Spikes of Poverty: Financial Scarcity Is Related to Higher Levels of Distress Intensity in Daily Life .

Higher income amounts to lower stress

In one study, 522 participants kept a diary for 30 days, tracking daily events and their emotional responses to them. Participants’ incomes in the previous year ranged from less than $10,000 to $150,000 or more. They found:

Money reduces intense stress: There was no significant difference in how often the participants experienced distressing events—no matter their income, they recorded a similar number of daily frustrations. But those with higher incomes experienced less negative intensity from those events.
More money brings greater control : Those with higher incomes felt they had more control over negative events and that control reduced their stress. People with ample incomes felt more agency to deal with whatever hassles may arise.
Higher incomes lead to higher life satisfaction: People with higher incomes were generally more satisfied with their lives.

“It’s not that rich people don’t have problems,” Jachimowicz says, “but having money allows you to fix problems and resolve them more quickly.”

Why cash matters

In another study, researchers presented about 400 participants with daily dilemmas, like finding time to cook meals, getting around in an area with poor public transportation, or working from home among children in tight spaces. They then asked how participants would solve the problem, either using cash to resolve it, or asking friends and family for assistance. The results showed:

People lean on family and friends regardless of income: Jachimowicz and his colleagues found that there was no difference in how often people suggested turning to friends and family for help—for example, by asking a friend for a ride or asking a family member to help with childcare or dinner.
Cash is the answer for people with money: The higher a person’s income, however, the more likely they were to suggest money as a solution to a hassle, for example, by calling an Uber or ordering takeout.

While such results might be expected, Jachimowicz says, people may not consider the extent to which the daily hassles we all face create more stress for cash-strapped individuals—or the way a lack of cash may tax social relationships if people are always asking family and friends for help, rather than using their own money to solve a problem.

“The question is, when problems come your way, to what extent do you feel like you can deal with them, that you can walk through life and know everything is going to be OK,” Jachimowicz says.

Breaking the ‘shame spiral’

In another recent paper , Jachimowicz and colleagues found that people experiencing financial difficulties experience shame, which leads them to avoid dealing with their problems and often makes them worse. Such “shame spirals” stem from a perception that people are to blame for their own lack of money, rather than external environmental and societal factors, the research team says.

“We have normalized this idea that when you are poor, it’s your fault and so you should be ashamed of it,” Jachimowicz says. “At the same time, we’ve structured society in a way that makes it really hard on people who are poor.”

For example, Jachimowicz says, public transportation is often inaccessible and expensive, which affects people who can’t afford cars, and tardy policies at work often penalize people on the lowest end of the pay scale. Changing those deeply-engrained structures—and the way many of us think about financial difficulties—is crucial.

After all, society as a whole may feel the ripple effects of the financial hardships some people face, since financial strain is linked with lower job performance, problems with long-term decision-making, and difficulty with meaningful relationships, the research says. Ultimately, Jachimowicz hopes his work can prompt thinking about systemic change.

“People who are poor should feel like they have some control over their lives, too. Why is that a luxury we only afford to rich people?” Jachimowicz says. “We have to structure organizations and institutions to empower everyone.”

[Image: iStockphoto/mihtiander]

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138 Research Topics on Money - Essay Topics, & More

Welcome to our list of money essay topics! Here, we’ve collected the most interesting research topics about money, titles for essays, presentation ideas, and even samples. Use them to get inspired!

🏆 Best Essay Topics on Money

✍️ money essay topics for college, 👍 good money research topics & essay examples, 🎓 most interesting research topics about money.

💡 Simple Money Topics to Write About

❓ Research Questions About Money

Can Money Always Buy Everything You Want?
The Philosophy of Money by Georg Simmel
Comparison Between Love and Money in Life
Why Men Spend More Money Than Women?
How to Teach Children to Value Money
Money: History, Functions and Types
Aspects of Money Management
History and Role of the Money Money is any commodity or token that serves as a medium of exchange that is legally and socially acknowledged in payment for services and goods and in the disbursement of debts.
Money Issues in Romantic and Marital Relationships Money often causes issues in relationships because of changing roles in the household, increasing expenses, financial infidelity, and lack of financial goals.
Financial Planning. Money Management Skill Financial literacy can be defined as knowledge about financial planning and management that allows making reasonable choices about money spending and saving.
Stealing Money From Corporations Stealing money from corporations affects the financial sector of the business and economy and reflects the ethical issues of the act.
Metaphysical Secrets of Manifesting Money Abundance Money is one of the most important influencing factors in modern life. Some scholars single it out as one of the three most distorting forces of human existence.
Money and Expenditures: Personal Opinion This article is the author’s account of her relationship with money, financial commitment, and spending planning.
Tradesmart Inc.: The Money-Back Guarantee Tradesmart Inc. is a fairly broad marketplace, which, in addition to low prices, also provides customers with a unique policy of returning money for the goods.
Time Value of Money in a Medical Organization A medical organization may use the concepts of the “time value of money” and “useful life” to organize the purchase of new equipment and to calculate the depreciation expenses.
Bitcoin: The Use of the Digital Money The paper has elaborated Bitcoin is used, its features, and its impacts on society. The digital currency has features similar to other currencies, such as durability.
“Where Does the Money Go?” by Scott Bittle and Jean Johnson In their book Where Does the Money Go?, Scott Bittle and Jean Johnson focus on the growing national debt of the United States and examine inefficiencies that led to the crisis.
Art’ and Money Relations While the cultural value of many artworks exceeds material dimensions, it is hard to imagine how the masterpieces would be preserved without being involved in commodity-money relations.
Money Issues in a Relationship In the contemporary world, both men and women contribute equally to the economy of the household. This has changed the household role of men from being the sole breadwinners.
Monetary Theory and Policy. Money in the Utility Function Money is an asset, making positive or negative or some other functional effect. Goods, demands, propositions are constantly dependent on the money supply.
“Money, Greed, and God: Why Capitalism Is the Solution and Not a Problem” by Jay Richards In his book “Money, Greed, and God,” Jay Richards, an American analytical philosopher, seeks to address the most common myths about capitalism.
Money to Charity: Moral Differences Many families across the globe continue living below the poverty line and cannot meet their basic needs like food, health, or even sleep.
Foundations and Applications of the Time Value of Money This paper intends to discuss the concept of time value of money. The goal is to show that current cash flow is valued highly compared with future cash flows.
Lloyd’s Tsb Bank Is Under Fire for Money Laundering Offense This research article discusses the role of the bank, either knowingly or unknowingly, in laundering the money obtained by cheating.
Governmental Organizations: Value for Money Audits and Performance Audits Value for Money audit and performance audit have different objectives and complement each other, but neither is sufficient on its own to audit an organization’s performance.
Aspects of Functions of Money Money is one of the vital tools in society. The paper looks at the feasibility of money-stably completing these functions in the near future.
Money as a Means Rather Than a Result of Achieving Happiness The paper states that one can note that money is a tool that allows buying things that make a person happy, but money itself does not bring happiness.
Is Money a Virtue or Evil: Discussion The study will have to document how money has been used in good ways through spreading the gospel and how it has been used in evil ways for personal or selfish purposes.
Analysis of Anti-Money Laundering Strategies Money-laundering has been a significant problem for Canada because such a practice enables and facilitates many criminal activities such as drug trade, fraud or even global terrorism.
Time Value of Money and Interest Rate Risk Time value of money (TVM) is a financial concept, which implies that money available to an individual or a company at the present time is much more valuable.
Money and Relationship in King Lear by Shakespeare King Lear, one of Shakespeare’s most well-known tragedies, is a nihilistic story of destruction, money, and power conflicts that was originally performed in 1606.
Personal Finance: Turning Money Into Wealth There are many different bond kinds, and each has benefits and drawbacks for the parties involved. Municipal and corporate bonds will be reviewed in this session.
Divine Currency: The Theological Power of Money in the West Money in Christianity is a dangerous matter, which requires careful and proper management to stay on the path of Christ.
Politics, Money, and Free Expression In 2011, the Supreme Court “decided that corporations and unions could contribute an unlimited amount of money to political campaigns.”
Inflation and Increase in Money Supply Even though the increase in the money supply might stimulate the economy, it is a dangerous strategy, and the Federal Reserve has to act with caution.
The Federal Reserve System and the Money Supply The Federal Reserve (FR) has three main tools to control the money supply in the economy: the discount rate, open market operations, and reserve requirements.
Social Work Assignment: Gender, Money, and the Charity Organization Society Throughout the history of its development, the sphere of social work has witnessed the work of various contributors dedicated to achieving social equality.
Money, Happiness, and Materialism Correlation The paper concludes that happiness doesn’t depend on material goods, and it should be understood that respect and empathy are superior to any material wealth.
Daily Budget Cutting: Methods of Saving Money Nowadays, there are many more possibilities to spend additional money than in the past. Consequently, people should be more attentive to their budget and spending structure.
Financial Management: Where Does the Money Go It is increasingly possible to hear about the importance of financial literacy in the modern world, which largely boils down to thoughtful money management.
How Money Laundering Practices Violate Financial Ethics Corruption is one of the biggest problems a government can face, and in this blog, the author aims to explain how money laundering practices violate financial ethics.
Forecasting and Time Value of Money Time value of money is a valuable instrument that helps comprehend the value of a currency in relation to a given period and significantly impact investing decision.
Money Laundering, Corruption and Terrorism Issues Money laundering, corruption and terrorism are rife in East and Southern Africa is largely attributed to the abject poverty that at times seems to be endemic.
Firms Raising Money Through Debt vs. Equity Debts as a source of operating funds can be from within or outside the company specifically individual borrowings or banks.
Eastern and Southern Africa Anti-Money Laundering Group Money laundering, corruption and terrorism are rife in East and Southern Africa. This phenomenon is attributed to the abject poverty that seems to be endemic in this region.
This American Life: Toxie Asset by Planet Money When recounting the story of Toxie, the reporters explain how “she” came to be, and how her life began at the peak of the housing market, progressed through the years.
Montley Fool Money Guide: A Book’s Review It is an educative book that gives an insight into saving, spending, and investing. The author tries to bring out the foolish things people do with their money.
Money Supply in the United States This essay discusses the money supply, what constitutes it, and the current supply in the US. It will also examine how the COVID-19 pandemic affected the M2 supply in the country.
Finance, Currency Alternatives, and Money in the Bible The currency used in all countries nowadays is an example of fiat money, meaning that it lacks intrinsic value.
”Money Supply” Article by Enam Ahmed Analysis In this article, Enam Ahmed explains why central banks should use the Divisia approach to measure the effectiveness of monetary policies.
York College Medical Center Managing Grant Money Despite numerous positive effects that financial recognition of the employees could bring to the general state of the center, free healthcare services are of higher priority.
Men, Women & Money – How the Sexes Differ with Their Finances’ Article Review? Amy Livingston’s article Men, Women & Money – How the Sexes Differ with Their Finances provides comparative gender-related research.
Can Money Buy Happiness? This article analyzes Sandy LaMotto’s research that money brings happiness and that selfish spending is associated with a good mood.
What Does Money Have to Do With It? The policy-oriented toward providing judges with the information on the costs of sentencing types can be discussed as rather controversial.
The Money Factor in Drug and Alcohol Treatment A vast number of individuals fail to take up drug treatment because they are unable to raise the money that is required to enroll in such a program.
Exchange Rate and Price: U.S. and Chinese Money The exchange rate quotation is derived by stating the number of units of term currency that can be bought in terms of the unit currency, which is also known as the base currency.
Entrepreneurship. Money in the Resource Equation Money is the least important part of the resource equation because starting a new business requires an entrepreneur’s ability to take risks.
Macroeconomics: Monetary Policy in the United States There are various monetary policy tools which can be used by the fed in order to achieve its desired policy objectives.
“Illegal Immigrants: They’re Money” by Rodrigez The focal point of the paper is to present a critical evaluation of Gregory Rodrigez’s article Illegal Immigrants: They’re Money.
Illegal Immigrants – They Are Money The paper looks at the issue of “illegal immigrants” to the US from the perspective of their value to businesses as cheap labor and as a market for their goods like credit cards.
“Rivers of Blood and Money” Article by Burden The article “Rivers of Blood and Money” by Burden takes a different approach when analyzing the issue of anti-Semitism and events before and during the Holocaust.
Money and Happiness in Economic Theories The pursuit of additional wealth and income usually becomes addictive thereby reducing an individual’s time with their family members and friends and limiting their social life.
Money and Politics in Healthcare Reform Having initiated the healthcare reform, President Obama met stiff opposition to the insurance and pharmaceutics lobby. It would be disadvantageous and made them lose revenue.
How Can American Cities Raise More Money? One of the main ways through which urban governments in the United States can avert revenue problems is through prudent reduction of services that they currently offer.
World Money: From the Eurodollar to the Sinodollar
Treasury Operations, Bank Credit, and the Money Market
Working From Home Can Earn You Money
The Money Demand Function for the Euro Area: Some Empirical Evidence
Trade Credit and the Money Market
U.S. Domestic Money, Inflation and Output
The U.S. Money Market and the Term Auction Facility in the Financial Crisis of 2007–2009
Varying the Money Supply of Commercial Banks
The Uses of the Money in the Six Century B.C
Tight Money Policies and Inflation Revisited
Working Through the Distribution: Money in the Short and Long Run
Utilizing the Time Value of Money
Women Are Working and Spending Money Same as Men
Wall Street: Money Never Sleeps
Velocity and Money Growth Variability: Evidence From Japan
The Swiss Sovereign Money Initiative
Velocity and the Variability of Anticipated and Unanticipated Money Growth in Malaysia
The Translog Utility Function and the Demand for Money in the United States
Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique?
Triodos Bank: Conscious Money in Action
Transactions Costs, the Wage Rate, and the Demand for Money
The Obsession With Money and the New Consumer Culture of the 1920s
U.S. Banking and Money
The Relationship Between Government Deficits, Money Growth and Inflation
Understanding How Money Works

Simple Money Topics to Write About

The Rules for Saving Money by Consolidating Debt
Thinking About Monetary Policy Without Money
The Relationship Between Economic Growth and Money Laundering
Work Can Provide More Than Money
Velocity and the Growth of Money in the United States, 1970-1985
Trade, Money, and Employment in Intertemporal Optimizing Models of Growth
Unemployment, Real Wages and the Money Supply in Australia
The Money Demand and the Loss of Interest for the Euro in Romania
Wealth, Financial Liberalization, and the Demand for Money in Japan
The Relationship Between Mobile Money Technology and Financial Development
U.S. Narrow Money for the Twenty-First Century
Working for Little Money: Does Germany Need a Minimum Wage?
Where Has the Money Gone? The Case of Value Added Tax Revenue Performance in Indonesia
The Trouble With Money: A Prescription for America’s Financial Fever
Why Most PPC Advertisers Lose Money?
Unconventional Monetary Policy and Money Demand
Winning Money Online With Web Analytics
Utility Function Transformations and Money Illusion: Reply and Further Results
The Relation Between Money, Income and Prices in South Africa
York Times Victims Money Fund
Why Isn’t Money Considered Capital in Economics?
Tight Money and the Sustainability of Public Debt
Wealth and How Money Influences People’s Lives
Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies
Can Money Buy Happiness and Freedom?
Does Money Equal Power in American Politics?
Does Money Improve Academic Achievement?
Does Ones Success Depend on the Amount of Money a Person Earns?
What Are Some Fundamental Strategies for Saving Money?
How Does Federal Reserve Control the Money Supply?
How Does Inflation Affect the Function of Money?
How Does Shakespeare Present the Issues of Love and Money in His Plays?
How Does the RSPCA Persuade Us to Part With Our Money?
How Money and Appearance Control the World?
How Money Changes the Way We Think and Behave?
How Money Has Become the Enemy of Our Society?
How Money Was Created and the Basic Political Ideology of Money?
How Much Money Does California Get From the Federal Government?
What Are the Anticipations and the Nonneutrality of Money?
What Is the Role of the State and the Hierarchy of Money?
What Alternative Approaches to Money and Growth Are There?
What Are the Statistical Mechanics of Money?
What Is the Influence of Money on Medical Science?
What Is the Development of a Money Attitude Scale?
Will Money Increase Subjective Well-being?
What Is the Structure and Performance of the Money Management Industry?
Why Is There a Difficulty With the Optimum Quantity of Money?
What Are the Distributions of Money in Model Markets of Economy?
What Are the Monetary Policy Implications of Digital Money?

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These essay examples and topics on Money were carefully selected by the StudyCorgi editorial team. They meet our highest standards in terms of grammar, punctuation, style, and fact accuracy. Please ensure you properly reference the materials if you’re using them to write your assignment.

This essay topic collection was updated on January 8, 2024 .

5 Simple Steps to Resolve Money Problems

Money problems can take many forms..

Posted April 23, 2019

Money problems can take many forms. You might be swamped with debt, struggling to save or pay for college for your kids or worried about outliving your resources in retirement . (Retirement? What retirement?)

Maybe you’re confused by a bewildering array of options and so you do nothing, which just adds to your stress and deepens the hole you find yourself in.

But money problems are just itching for solutions, if you have the foundation, courage and focus to make changes.

By foundation, I mean the basic knowledge you need to understand how to make financial decisions that move you toward the life you value.

If your first reaction is, "Whoa—I don’t know much about the fine points of money," you’re not alone. Here’s a quiz to give you a quick idea of how firm your financial foundation is right now.

Answer each with either TRUE or FALSE:

Spending more than I can afford (adding to debt) reduces my financial well-being. ___
The more debt I carry, the more difficult it is to save. _____
Spending on things I do not truly value is likely to lead me into trouble. ___
Having a liquid emergency fund is prudent for unexpected expenses or situations, like a major home repair or losing my job. _____
Investing in risky assets is a dangerous strategy for money I’ll need in the short-term. ___
Protecting my most valuable assets (health, family, property) is important. ____
I should have a Will and Powers of Attorney in case I die or become incapacitated. ____
Filing my taxes on time is important. _____
My portfolio should support my situation and future plans as well as my risk tolerance and time horizon. ____

If you answered TRUE to these questions, your foundation is on its way. If you answered FALSE to any of these questions, send me an email with your thoughts.

You can hire someone to help you with the foundation ( here’s a list of fee only financial planners), or you can educate yourself on the fundamentals. But once you have that firm foundation, you can follow these five steps to work your way out of money problems.

Define the problem—you can’t solve what you don’t acknowledge. What’s happening that’s causing you financial difficulties, stress and worry? Writing it down will help bring clarity (and stop that endless loop going on in your head).

Know what you don’t know. Identify and sort through what you know from what you don’t. For example, you might know that you’ve got $10,000 in credit card debt, but you’re not sure the best way to dig yourself out.

Explore resources. Whether you hire a professional to help you or commit to learning from books, courses and articles from trusted sources, find the answers and/or solutions to what you don’t know.

Create an action plan. Write it down and put it where you can’t avoid seeing it every day. If you don’t act on your goals and plan, nothing changes.

Track your progress. Measure your headway, celebrate your wins, and make adjustments or course corrections, as you need them.

These steps aren’t complicated, but they require your personal resolve, courage, to keep on track. Missteps and challenges are not fatal. They test your desire to reach your goals—the best thing you can do with a mistake is learn from it.

Your resilience and support from your personal and professional team will get you through those moments of doubt or mistakes.

Given how complicated life is, keeping your focus on a simple, direct and clear action plan is your best ally to success.

Michael F. Kay is a Certified Financial Planner, practitioner and CPA. He is the president of the firm Financial Life Focus.

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Gender pay gap in U.S. hasn’t changed much in two decades

The gender gap in pay has remained relatively stable in the United States over the past 20 years or so. In 2022, women earned an average of 82% of what men earned, according to a new Pew Research Center analysis of median hourly earnings of both full- and part-time workers. These results are similar to where the pay gap stood in 2002, when women earned 80% as much as men.

A chart showing that the Gender pay gap in the U.S. has not closed in recent years, but is narrower among young workers

As has long been the case, the wage gap is smaller for workers ages 25 to 34 than for all workers 16 and older. In 2022, women ages 25 to 34 earned an average of 92 cents for every dollar earned by a man in the same age group – an 8-cent gap. By comparison, the gender pay gap among workers of all ages that year was 18 cents.

While the gender pay gap has not changed much in the last two decades, it has narrowed considerably when looking at the longer term, both among all workers ages 16 and older and among those ages 25 to 34. The estimated 18-cent gender pay gap among all workers in 2022 was down from 35 cents in 1982. And the 8-cent gap among workers ages 25 to 34 in 2022 was down from a 26-cent gap four decades earlier.

The gender pay gap measures the difference in median hourly earnings between men and women who work full or part time in the United States. Pew Research Center’s estimate of the pay gap is based on an analysis of Current Population Survey (CPS) monthly outgoing rotation group files ( IPUMS ) from January 1982 to December 2022, combined to create annual files. To understand how we calculate the gender pay gap, read our 2013 post, “How Pew Research Center measured the gender pay gap.”

The COVID-19 outbreak affected data collection efforts by the U.S. government in its surveys, especially in 2020 and 2021, limiting in-person data collection and affecting response rates. It is possible that some measures of economic outcomes and how they vary across demographic groups are affected by these changes in data collection.

In addition to findings about the gender wage gap, this analysis includes information from a Pew Research Center survey about the perceived reasons for the pay gap, as well as the pressures and career goals of U.S. men and women. The survey was conducted among 5,098 adults and includes a subset of questions asked only for 2,048 adults who are employed part time or full time, from Oct. 10-16, 2022. Everyone who took part is a member of the Center’s American Trends Panel (ATP), an online survey panel that is recruited through national, random sampling of residential addresses. This way nearly all U.S. adults have a chance of selection. The survey is weighted to be representative of the U.S. adult population by gender, race, ethnicity, partisan affiliation, education and other categories. Read more about the ATP’s methodology .

Here are the questions used in this analysis, along with responses, and its methodology .

The U.S. Census Bureau has also analyzed the gender pay gap, though its analysis looks only at full-time workers (as opposed to full- and part-time workers). In 2021, full-time, year-round working women earned 84% of what their male counterparts earned, on average, according to the Census Bureau’s most recent analysis.

Much of the gender pay gap has been explained by measurable factors such as educational attainment, occupational segregation and work experience. The narrowing of the gap over the long term is attributable in large part to gains women have made in each of these dimensions.

Related: The Enduring Grip of the Gender Pay Gap

Even though women have increased their presence in higher-paying jobs traditionally dominated by men, such as professional and managerial positions, women as a whole continue to be overrepresented in lower-paying occupations relative to their share of the workforce. This may contribute to gender differences in pay.

Other factors that are difficult to measure, including gender discrimination, may also contribute to the ongoing wage discrepancy.

Perceived reasons for the gender wage gap

A bar chart showing that Half of U.S. adults say women being treated differently by employers is a major reason for the gender wage gap

When asked about the factors that may play a role in the gender wage gap, half of U.S. adults point to women being treated differently by employers as a major reason, according to a Pew Research Center survey conducted in October 2022. Smaller shares point to women making different choices about how to balance work and family (42%) and working in jobs that pay less (34%).

There are some notable differences between men and women in views of what’s behind the gender wage gap. Women are much more likely than men (61% vs. 37%) to say a major reason for the gap is that employers treat women differently. And while 45% of women say a major factor is that women make different choices about how to balance work and family, men are slightly less likely to hold that view (40% say this).

Parents with children younger than 18 in the household are more likely than those who don’t have young kids at home (48% vs. 40%) to say a major reason for the pay gap is the choices that women make about how to balance family and work. On this question, differences by parental status are evident among both men and women.

Views about reasons for the gender wage gap also differ by party. About two-thirds of Democrats and Democratic-leaning independents (68%) say a major factor behind wage differences is that employers treat women differently, but far fewer Republicans and Republican leaners (30%) say the same. Conversely, Republicans are more likely than Democrats to say women’s choices about how to balance family and work (50% vs. 36%) and their tendency to work in jobs that pay less (39% vs. 30%) are major reasons why women earn less than men.

Democratic and Republican women are more likely than their male counterparts in the same party to say a major reason for the gender wage gap is that employers treat women differently. About three-quarters of Democratic women (76%) say this, compared with 59% of Democratic men. And while 43% of Republican women say unequal treatment by employers is a major reason for the gender wage gap, just 18% of GOP men share that view.

Pressures facing working women and men

Family caregiving responsibilities bring different pressures for working women and men, and research has shown that being a mother can reduce women’s earnings , while fatherhood can increase men’s earnings .

A chart showing that about two-thirds of U.S. working mothers feel a great deal of pressure to focus on responsibilities at home

Employed women and men are about equally likely to say they feel a great deal of pressure to support their family financially and to be successful in their jobs and careers, according to the Center’s October survey. But women, and particularly working mothers, are more likely than men to say they feel a great deal of pressure to focus on responsibilities at home.

About half of employed women (48%) report feeling a great deal of pressure to focus on their responsibilities at home, compared with 35% of employed men. Among working mothers with children younger than 18 in the household, two-thirds (67%) say the same, compared with 45% of working dads.

When it comes to supporting their family financially, similar shares of working moms and dads (57% vs. 62%) report they feel a great deal of pressure, but this is driven mainly by the large share of unmarried working mothers who say they feel a great deal of pressure in this regard (77%). Among those who are married, working dads are far more likely than working moms (60% vs. 43%) to say they feel a great deal of pressure to support their family financially. (There were not enough unmarried working fathers in the sample to analyze separately.)

About four-in-ten working parents say they feel a great deal of pressure to be successful at their job or career. These findings don’t differ by gender.

Gender differences in job roles, aspirations

A bar chart showing that women in the U.S. are more likely than men to say they're not the boss at their job - and don't want to be in the future

Overall, a quarter of employed U.S. adults say they are currently the boss or one of the top managers where they work, according to the Center’s survey. Another 33% say they are not currently the boss but would like to be in the future, while 41% are not and do not aspire to be the boss or one of the top managers.

Men are more likely than women to be a boss or a top manager where they work (28% vs. 21%). This is especially the case among employed fathers, 35% of whom say they are the boss or one of the top managers where they work. (The varying attitudes between fathers and men without children at least partly reflect differences in marital status and educational attainment between the two groups.)

In addition to being less likely than men to say they are currently the boss or a top manager at work, women are also more likely to say they wouldn’t want to be in this type of position in the future. More than four-in-ten employed women (46%) say this, compared with 37% of men. Similar shares of men (35%) and women (31%) say they are not currently the boss but would like to be one day. These patterns are similar among parents.

Note: This is an update of a post originally published on March 22, 2019. Anna Brown and former Pew Research Center writer/editor Amanda Barroso contributed to an earlier version of this analysis. Here are the questions used in this analysis, along with responses, and its methodology .

What is the gender wage gap in your metropolitan area? Find out with our pay gap calculator

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Gender Pay Gap
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Carolina Aragão is a research associate focusing on social and demographic trends at Pew Research Center

Women have gained ground in the nation’s highest-paying occupations, but still lag behind men

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DA Alvin Bragg's case against Donald Trump is 'historic mistake': New York Times guest essay

M anhattan District Attorney Alvin Bragg's case against former President Trump is a "historic mistake," a law professor argued in an opinion piece published Tuesday.

In a New York Times guest essay, Boston University law professor Jed Handelsman Shugerman argued Bragg was overreaching in his attempts to try a federal election crime under New York state law. He said the Manhattan's DA allegation against Trump was "vague" since the prosecution failed to specify "an election crime or a valid theory of fraud."

Trump faces 34 counts of falsifying business records in relation to alleged hush money payments made to pornography actress Stormy Daniels prior to the 2016 election. The presumptive GOP presidential nominee returned to court Tuesday as the trial continues, Fox News Digital reported.

GOV GAVIN NEWSOM WORRIES ABOUT ‘OVERINDULGENCE,’ ‘OBSESSION’ WITH TRUMP HUSH MONEY TRIAL: ‘LESS IS MORE’

Shugerman suggested Bragg should instead center his argument around the idea that "it's not the crime; it's the cover-up" and pointed to allegedly falsified business records.

"Most of them were entered in early 2017, generally before Mr. Trump filed his Federal Election Commission report that summer. Mr. Trump may have foreseen an investigation into his campaign, leading to its financial records. Mr. Trump may have falsely recorded these internal records before the FEC filing as consciously part of the same fraud: to create a consistent paper trail and to hide intent to violate federal election laws, or defraud the FEC," Shugerman wrote.

READ ON THE FOX NEWS APP

However, the law professor noted Bragg's filing and Monday's opening statements do not indicate prosecutors were following this approach. He also conceded that his own explanation could also have "significant legal problems."

Bragg's election interference theory is "weak," Shugerman wrote. "As a reality check, it is legal for a candidate to pay for a nondisclosure agreement."

TRUMP SAYS CRIMINAL TRIAL IS HAVING 'REVERSE EFFECT' AS HE CAMPAIGNS AT NEW YORK BODEGA, VOWS TO SAVE CITY

Shugerman also raised three problems with Bragg's effort to try a federal crime in a state court. The first, he wrote, was that there was no previous case of "any state prosecutor relying on the Federal Election Campaign Act," which he called an "overreach."

The second issue he raised was that the prosecutors didn't cite judicial precedents involving the criminal statute at hand.

"Mr. Trump’s lawyers argued that the New York statute requires that the predicate (underlying) crime must also be a New York crime, not a crime in another jurisdiction. The Manhattan DA responded with judicial precedents only about other criminal statutes, not the statute in this case. In the end, they could not cite a single judicial interpretation of this particular statute supporting their use of the statute," Shugerman wrote.

The third problem was that precedent in New York did not allow "an interpretation of defrauding the general public," Shugerman wrote.

Shugerman said it was reasonable to question whether the case against Trump was about "Manhattan politics" rather than New York law.

"This case is still an embarrassment of prosecutorial ethics and apparent selective prosecution," Shugerman concluded, adding that Trump could win in appellate courts if he is convicted. "But if Monday’s opening is a preview of exaggerated allegations, imprecise legal theories and persistently unaddressed problems, the prosecutors might not win a conviction at all."

Original article source: DA Alvin Bragg's case against Donald Trump is 'historic mistake': New York Times guest essay

Former President Donald Trump speaks to a crowd during a campaign rally on Sept. 25, 2023, in Summerville, South Carolina. Getty Images

Michael Cohen is cashing in on the Trump trial with TikTok livestreams -- and it could be a problem

"Trump 2024? More like Trump 20-24 years," Cohen said on a recent stream.

After former President Donald Trump spent the day in a courtroom in downtown Manhattan last Tuesday, one of the star witnesses in the criminal hush money case against him went live on social media to talk about the trial as thousands listened.

"Trump 2024?" said Michael Cohen, Trump's former attorney and "fixer" who is now a central figure in the criminal case. "More like Trump 20-24 years."

As he awaits his turn to take the witness stand, Cohen has discussed Trump, the ongoing trial, and the testimony already underway during nightly livestreams on TikTok which appear to be earning him financial benefit through viewers' donations, according to hours of his streams viewed by ABC News.

MORE: Trump trial: Trump assistant recalls seeing Stormy Daniels in Trump Tower

And while the undertaking doesn't appear to run afoul of any court order, experts say it hurts the already-blemished credibility of an essential witness in the case.

"I'd be furious," said ABC News contributor and former Georgia prosecutor Chris Timmons. "As a prosecutor, the last thing you want your witness to do is to be talking about the case in a forum other than the courtroom."

Jeremy Saland, a defense attorney who formerly worked in the Manhattan district attorney's office that is now bringing the case, told ABC News that Cohen's actions are only likely to benefit Trump's defense.

"I have no doubt that Team Trump is scrutinizing and listening and watching whatever they can, and they are rightfully going to weaponize it in a court of law to tear down his credibility," Saland said.

"If I'm the prosecution, I'm on the phone right now saying, 'Stop what you are doing -- right now,'" Saland added. "I can't make you, but you need to stop for your own sake because it's going to get worse for you in that courtroom. And you are compromising the case."

'See you in a month'

Trump is on trial after pleaded not guilty to a 34-count indictment charging him with falsifying business records to hide the reimbursement of a hush money payment that Cohen made to adult film actress Stormy Daniels in order to boost his electoral prospects in the 2016 presidential election.

In a statement to ABC News on Monday, Cohen said he would cease commenting on Trump and "this matter."

"I am not the defendant in this criminal matter and am not the subject of Judge Merchan's gag order. Donald is," Cohen told ABC News. "Nevertheless, I elected, out of respect to the court and the prosecutors, to cease commenting on Trump and this matter; which I have done."

The statement echoed what Cohen -- who has been criticizing Trump for years -- publicly announced last Wednesday on social media, when he said that he would "cease posting anything" about the former president on X until after he takes the stand in the ongoing trial.

PHOTO: Michael Cohen, Donald Trump's former attorney, appears on a series of TikTok live streams in April, 2024.

"See you in a month (or more)," Cohen wrote on X, formally known as Twitter.

It was a move that prosecutors were pleased with, according to multiple sources familiar with the matter.

But just a few hours later, Cohen fired up his TikTok account, went live with thousands of viewers, and briefly talked about Trump and the trial with Rosie O'Donnell.

"I'm washing my hands of him until I end up seeing him face to face, and I am a witness on the stand to provide truthful testimony," Cohen said at one point after O'Donnell said she hoped "we will as a nation stand up to [Trump] and the indictments will follow through and he will be held accountable for all of the horrors that he has done."

The district attorney's office declined to comment.

While his livestream on Thursday night was considerably less focused on Trump or the trial, Cohen has frequently hosted hours-long TikTok livestreams where he discusses the trial and the former president, and engages with thousands of viewers who ask him questions and sometimes make monetary donations.

Early on, the prosecutors bringing the case against Trump acknowledged that their witnesses have, as they put it, "some baggage," and they attempted during jury selection to weed out those who may have a problem with that.

"Will you keep an open mind?" Steinglass asked the prospective jurors, warning them they would hear from individuals who may previously have lied or been convicted of a crime. Many said they would.

Donald Trump's attorneys have sought to eviscerate Cohen's credibility as a central aspect of their defense, describing him to the jury as a criminal who is "obsessed" with "getting" Trump -- and is financially motivated by Trump's downfall. Trump attorney Todd Blanche specifically told the jury about Cohen's out-of-court statements, saying that on the eve of Trump's trial Cohen said he had a "mental excitement" about it.

"His entire financial livelihood depends on President Trump's destruction," Blanche said in his opening statement. "You cannot make a serious decision about President Trump by relying on the words of Michael Cohen."

'I'll just tell the truth'

Cohen's streams often seem like a fever dream -- with Trump's one-time fixer fluctuating between personal attacks on his former boss and making heart shapes with his hands after a user sends him a gift.

Trump trial wraps up 1st week of testimony

Apr 29, 5:36 PM

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This week he also detailed how he saw the trial playing out in light of testimony from former National Enquirer publisher David Pecker, who testified that, in the runup to the 2016 election, he caught and killed negative stories about Trump as part of an agreement between him, Trump and Cohen.

"From everything that I heard from people today, well, David Pecker is basically is corroborating what I have been saying for six years," said Cohen, who said that he's been following the coverage by watching CNN and MSNBC. "And if I give my testimony and it corroborates his, well there you go, the circle starts closing. Then you got Hope Hicks, you got Keith Davidson, you have Stormy, you have Karen McDougal ... all the way across the board, right? And that's what will happen."

At one point on Tuesday night, in the middle of Cohen discussing his upcoming possible testimony, a TikTok user gifted Cohen a "Knight Helmet," which cost 199 TikTok coins. The gift placed a cartoon helmet on Cohen's head, prompting him to stop briefly mid-sentence before continuing,

"Ultimately what will happen is it will be my day ... I'll go there with my helmet, my spear, and I'll sit my ass in that witness stand and I'll just tell the truth," Cohen said.

A core feature of TikTok's platform allows users like Cohen to monetize their livestreams by allowing viewers to donate "gifts" as they watch. After the stream ends, the gifts donated by viewers can be turned into "diamonds" to "obtain a reward payment from us, such as money or virtual items," according to the platform's website.

MORE: Hidden world of 'catch-and-kill' tabloids spotlighted in Trump's hush money trial

Information about revenue is only available to the TikTok account holder, so it's unclear how much money Cohen is making on his streams. A representative for TikTok told ABC News that "the amount a creator can earn by going LIVE can vary greatly, and viewers have a range of virtual gifts to choose from."

According to the social media company's website, "The more often you go LIVE and engage with your audience, the more opportunities to collect diamonds and make money. By collecting diamonds, you may be able to obtain a reward payment in money or in virtual items from TikTok."

Cohen did not specify how much he has made on the streams when asked by ABC News.

Timmons, the former prosecutor, said the financial benefit of Cohen's social media presence is particularly problematic.

"It's one thing to be providing out-of-court statements -- that's bad," Timmons said. "Getting paid for them can be disastrous."

PHOTO: Michael Cohen, former attorney for former U.S. President Donald Trump, arrives to the New York Courthouse in New York City, Mar. 13, 2023.

"Anytime there's money involved with a witness it's a bad thing, because the jury is going to think this person is saying these things in court because they have a financial motive, not a motive of the truth," said Timmons.

On Tuesday night's stream, Cohen also discussed the pending gag-order ruling against the former president, just hours after the judge held a hearing on the issue.

"With the gag order -- the other day Donald once again, he comes out, comes out of the courtroom and goes right into that little cage, which is where he belongs, in a f------ cage like an animal," said Cohen.

On Tuesday morning, lawyers for the Manhattan district attorney argued for the judge overseeing the hush money case to hold the former president in contempt for repeatedly violating the limited gag order in the case, based in part on attacks he's made against Cohen.

Prosecutors highlighted seven instances this month in which Trump made a social media post mentioning likely witnesses Cohen or Daniels; two instances when his campaign website reposted information about Cohen; and one instance where Trump suggested that "undercover liberal activists" are trying to infiltrate the case's jury.

'There will be no boredom'

It's unclear what prompted Cohen to publicly announce on Wednesday that he would no longer talk about Trump on social media, but Trump's former fixer appeared to notice that his viewership dropped as a result.

On Tuesday night, as Cohen railed against Trump and discussed the latest developments in the trial, his viewership hovered between 2,000 and 3,000. But on Wednesday, after he said he would no longer discuss the trial, his livestream count dropped below 800.

"Wow, it's a low one -- I wonder why?" Cohen said Wednesday night. "Is Wednesday, like, a big TV night or something?"

By the weekend, he was back to discussing the trial, going live on TikTok again on Friday, Saturday, and Sunday night.

On Friday's stream, Cohen reiterated what he called his "pledge to myself" not to discuss Trump or the ongoing trial -- but moments later, he slammed Trump for bringing Boris Epshteyn, one of Trump's advisers, to the trial. Epshteyn is not officially involved in the hush money case.

MORE: Secret Service prepares for if Trump is jailed for contempt in hush money case

"For example, [Trump] brought Boris Epshteyn," Cohen said. "Why? Who the f--- knows. Boris has never tried a case in his life. So, now all the sudden what is he, a legal adviser? Yeah that's definitely what you want."

Cohen then praised Trump's trial attorneys Susan Necheles and Todd Blanche for having "excellent reparations" as lawyers before questioning why Blanche decide to take on the case.

He then sparred with a viewer who commented that the "jury looked bored" during the trial, before hyping up his own potential upcoming testimony.

"Why would you say that the jury is bored? Were you there?" Cohen said. "One thing I can assure you, when I hit that stand, there will be no boredom. That I can promise you."

"So, don't worry so much about this jury. They are going to do the right thing based off the evidence, based off the judge gives the jury instructions, plain and simple," Cohen said, before adding after a brief pause, "No different than any other case."

5 big takeaways from Day 7 of Trump criminal trial

Apr 25, 6:28 PM

Trump's lawyers try to discredit testimony of prosecution's first witness in hush money trial

Apr 26, 12:01 AM

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Trump hush money trial: What we've learned so far

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Former U.S. President Trump's criminal trial on charges of falsifying business records continues in New York

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Trump bemoans lack of supporters, cohen's credibility, trump's tabloid friends.

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Trump trial in "hush money" case gets underway with opening statements and first witness

By Graham Kates , Katrina Kaufman , Stefan Becket

Updated on: April 22, 2024 / 7:49 PM EDT / CBS News

Jurors in former President Donald Trump's criminal trial in New York got their first glimpse Monday of the arguments both sides plan to make over the course of the historic proceedings, with the prosecution and defense teams presenting their opening statements as Trump looked on.

Prosecutors also called their first witness to the stand: David Pecker, the former CEO of American Media Inc., or AMI, the parent company of the National Enquirer. The state alleges Pecker helped Trump during the 2016 campaign by burying negative stories about him and attacking his rivals.

Pecker testified for less than a half hour before the court adjourned for the day. He will resume testimony on Tuesday, after a hearing over whether Trump should be held in contempt of court for defying a gag order imposed by the judge in the case.

Trump is charged with 34 felony counts of falsifying business records, allegedly to cover up a "hush money" payment before the 2016 election. He has pleaded not guilty. An attorney from Manhattan District Attorney Alvin Bragg's office said the reimbursements were part of a scheme that amounted to "election fraud, pure and simple." Trump's lawyer argued that his client did not commit a crime, and said he has been charged on flimsy evidence from an untrustworthy key witness.

Arriving at the courthouse, Trump claimed the trial was "election interference" and part of an effort to keep him off the campaign trail. He called the case a "witch hunt" and "a shame."

The proceedings are not being televised, since New York law doesn't allow recording of criminal proceedings. CBS News had reporters in the courtroom and in a nearby overflow room watching the trial.

Prosecutors' opening statement

Former President Donald Trump at Manhattan Criminal Court during his trial on April 22, 2024.

Lawyers from Bragg's office had 40 minutes to present their opening statements, and Trump's attorneys had 25 minutes. Matthew Colangelo, a member of Bragg's team, kicked things off for the prosecution, laying out the central allegations in the case.

Just days before the 2016 election, Trump's attorney at the time, Michael Cohen, paid $130,000 to adult film star Stormy Daniels to buy her silence about an alleged sexual encounter she said she had with Trump years earlier. Trump denies the encounter.

Colangelo said Cohen made the payment "at the defendant's direction, and did it to influence the election." He portrayed the payment as part of a scheme concocted by Trump, Cohen and Pecker to bury negative stories about Trump and attack his rivals. The plan was hatched at a meeting at Trump Tower in 2015, Colangelo said.

"Together they conspired to influence the 2016 presidential election," Colangelo told the jury , saying Pecker agreed to act as Trump's "eyes and ears" during the 2016 campaign.

Colangelo laid out the "catch and kill" tactic allegedly used by Pecker and Dylan Howard, the Enquirer's editor, to shield Trump from negative stories. The practice involved buying the rights to someone's story and then declining to publish the account, effectively keeping it hidden. They also used the Enquirer to publish unflattering stories about Trump's rivals.

Prosecutors allege AMI, the Enquirer's parent company, employed the "catch and kill" tactic twice before the payment to Daniels. One instance involved a $150,000 payment to a former Playboy model to secure the rights to her story. The model, Karen McDougal, also alleged an affair with Trump, which he denies. Colangelo told jurors they would hear a recording of Cohen promising to set up a shell company to buy the rights to McDougal's story from the Enquirer to reimburse Pecker for the purchase.

In the weeks leading up to the 2016 election, Daniels' lawyer approached the Enquirer about selling the rights to her story as well, Colangelo said. Howard put the lawyer in touch with Cohen, who negotiated the $130,000 payment, according to prosecutors. Colangelo said Trump hoped to delay the deal until after the election, and then not pay at all. Cohen ultimately transferred the money to Daniels' attorney just days before Election Day.

"This was a planned, coordinated, long-running conspiracy to influence the 2016 election to help Donald Trump get elected," Colangelo told the jury. "It was election fraud, pure and simple."

Trump reimbursed Cohen for the payment in 12 monthly installments during the first year of his presidency, portraying them as checks for ongoing legal services in an illegal scheme to conceal their true purpose, according to prosecutors. Cohen ultimately received $420,000 — more than double the $130,000 payment to Daniels.

"Donald Trump was a very frugal businessman. He believed in pinching pennies. He believed in watching every dollar. He believed in negotiating every bill. He ran the Trump Organization with total control. You'll hear testimony about his relentless focus on the bottom line. With Cohen and the 'catch and kill' deal, he didn't negotiate the price down, he doubled it," Colangelo said. "And you'll hear evidence that the Trump Organization was not in the practice of paying twice what they owed for anything."

The defense's statement

Todd Blanche, an attorney for Trump, delivered the defense's opening statement after Colangelo. He said the jury is "going to learn that this was not a payback."

"Think for a moment of what the People just told you. President Trump did not pay Mr. Cohen back $130,000. President Trump paid Michael Cohen $420,000," Blanche said, as Trump watched him. "Would a frugal businessman, would a man who 'pinches pennies,' repay a $130,000 debt to the tune of $420,000?"

He said the $35,000 that Cohen received each month was for his services as Trump's personal attorney, not as reimbursement for the Daniels payment. He argued that Trump "had nothing to do with the 34 pieces of paper ... except that he signed them in the White House, while he was running the country." Each charge in the indictment refers to a record created to document a payment to Cohen.

"There's nothing wrong with trying to influence an election. It's called democracy. They've put something sinister on this idea, as if it was a crime," Blanche continued. "President Trump fought back like he always does, and like he's entitled to do. To protect his family, his reputation and his brand. And that is not a crime."

Blanche said Cohen is "obsessed" with Trump and has been for "many, many years." He argued that Cohen decided "to blame President Trump for all of his problems" when he was arrested on federal charges in 2018.

"He has talked extensively about his desire to see President Trump go to prison. He has talked extensively about his desire to see President Trump's family go to prison," Blanche said.

"He has a goal, and obsession, with getting Trump," he continued, adding later, "I submit to you that he cannot be trusted."

Blanche later noted that Cohen has lied under oath, and said Daniels had a grudge against Trump after not being cast on "The Apprentice" in 2007. Blanche claimed Daniels has profited from her allegations.

"I'll also say something else about her testimony: it doesn't matter," Blanche said, telling jurors she has "no idea" about the alleged crimes at the center of the case. "Her testimony, while salacious, does not matter."

Finally, he turned to the "catch and kill" tactic, saying it's not illegal and not a conspiracy.

"It's not a scheme, unless a scheme means something that doesn't matter, that's not illegal, that's not against the law," Blanche said.

David Pecker's testimony

On the stand, Pecker testified broadly about AMI's operations and Howard's role as editor in chief of the National Enquirer. Pecker left the company in 2020.

Under questioning by prosecutor Joshua Steinglass, Pecker said he had final say over what Steinglass described as particularly "juicy" stories.

"We used checkbook journalism," Pecker said, describing how editors were empowered to spend up to $10,000 on sourcing for stories, but that larger expenses "would have to be vetted and brought up to me for approval."

Pecker confirmed that Howard "kind of ran the network of sources for all of AMI's publications."

"As an editor of a tabloid magazine, you develop over the years a group of sources, and the sources might be the people who work in hotels, the people who work for lawyers, people who work for various different aspects a celebrity might be using — for example, like a limousine service."

Pecker said he had heard that Howard is now living in his native Australia, with a spinal condition that makes international travel impossible.

After less than 30 minutes, Merchan adjourned the court for the day, and implored jurors not to discuss the case outside the courthouse.

"Please put the case out of your mind," he said. "Don't think about it. Don't talk about it. And don't read anything about it."

Michael Cohen
Alvin Bragg
Donald Trump
Stormy Daniels

Graham Kates is an investigative reporter covering criminal justice, privacy issues and information security for CBS News Digital. Contact Graham at [email protected] or [email protected]

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Guest Essay

I Thought the Bragg Case Against Trump Was a Legal Embarrassment. Now I Think It’s a Historic Mistake.

A black-and-white photo with a camera in the foreground and mid-ground and a building in the background.

By Jed Handelsman Shugerman

Mr. Shugerman is a law professor at Boston University.

About a year ago, when Alvin Bragg, the Manhattan district attorney, indicted former President Donald Trump, I was critical of the case and called it an embarrassment. I thought an array of legal problems would and should lead to long delays in federal courts.

After listening to Monday’s opening statement by prosecutors, I still think the district attorney has made a historic mistake. Their vague allegation about “a criminal scheme to corrupt the 2016 presidential election” has me more concerned than ever about their unprecedented use of state law and their persistent avoidance of specifying an election crime or a valid theory of fraud.

To recap: Mr. Trump is accused in the case of falsifying business records. Those are misdemeanor charges. To elevate it to a criminal case, Mr. Bragg and his team have pointed to potential violations of federal election law and state tax fraud. They also cite state election law, but state statutory definitions of “public office” seem to limit those statutes to state and local races.

Both the misdemeanor and felony charges require that the defendant made the false record with “intent to defraud.” A year ago, I wondered how entirely internal business records (the daily ledger, pay stubs and invoices) could be the basis of any fraud if they are not shared with anyone outside the business. I suggested that the real fraud was Mr. Trump’s filing an (allegedly) false report to the Federal Election Commission, and that only federal prosecutors had jurisdiction over that filing.

A recent conversation with Jeffrey Cohen, a friend, Boston College law professor and former prosecutor, made me think that the case could turn out to be more legitimate than I had originally thought. The reason has to do with those allegedly falsified business records: Most of them were entered in early 2017, generally before Mr. Trump filed his Federal Election Commission report that summer. Mr. Trump may have foreseen an investigation into his campaign, leading to its financial records. He may have falsely recorded these internal records before the F.E.C. filing as consciously part of the same fraud: to create a consistent paper trail and to hide intent to violate federal election laws, or defraud the F.E.C.

In short: It’s not the crime; it’s the cover-up.

Looking at the case in this way might address concerns about state jurisdiction. In this scenario, Mr. Trump arguably intended to deceive state investigators, too. State investigators could find these inconsistencies and alert federal agencies. Prosecutors could argue that New York State agencies have an interest in detecting conspiracies to defraud federal entities; they might also have a plausible answer to significant questions about whether New York State has jurisdiction or whether this stretch of a state business filing law is pre-empted by federal law.

However, this explanation is a novel interpretation with many significant legal problems. And none of the Manhattan district attorney’s filings or today’s opening statement even hint at this approach.

Instead of a theory of defrauding state regulators, Mr. Bragg has adopted a weak theory of “election interference,” and Justice Juan Merchan described the case , in his summary of it during jury selection, as an allegation of falsifying business records “to conceal an agreement with others to unlawfully influence the 2016 election.”

As a reality check: It is legal for a candidate to pay for a nondisclosure agreement. Hush money is unseemly, but it is legal. The election law scholar Richard Hasen rightly observed , “Calling it election interference actually cheapens the term and undermines the deadly serious charges in the real election interference cases.”

In Monday’s opening argument, the prosecutor Matthew Colangelo still evaded specifics about what was illegal about influencing an election, but then he claimed , “It was election fraud, pure and simple.” None of the relevant state or federal statutes refer to filing violations as fraud. Calling it “election fraud” is a legal and strategic mistake, exaggerating the case and setting up the jury with high expectations that the prosecutors cannot meet.

The most accurate description of this criminal case is a federal campaign finance filing violation. Without a federal violation (which the state election statute is tethered to), Mr. Bragg cannot upgrade the misdemeanor counts into felonies. Moreover, it is unclear how this case would even fulfill the misdemeanor requirement of “intent to defraud” without the federal crime.

In stretching jurisdiction and trying a federal crime in state court, the Manhattan district attorney is now pushing untested legal interpretations and applications. I see three red flags raising concerns about selective prosecution upon appeal.

First, I could find no previous case of any state prosecutor relying on the Federal Election Campaign Act either as a direct crime or a predicate crime. Whether state prosecutors have avoided doing so as a matter of law, norms or lack of expertise, this novel attempt is a sign of overreach.

Second, Mr. Trump’s lawyers argued that the New York statute requires that the predicate (underlying) crime must also be a New York crime, not a crime in another jurisdiction. The district attorney responded with judicial precedents only about other criminal statutes, not the statute in this case. In the end, the prosecutors could not cite a single judicial interpretation of this particular statute supporting their use of the statute (a plea deal and a single jury instruction do not count).

Third, no New York precedent has allowed an interpretation of defrauding the general public. Legal experts have noted that such a broad “election interference” theory is unprecedented, and a conviction based on it may not survive a state appeal.

Mr. Trump’s legal team also undercut itself for its decisions in the past year: His lawyers essentially put all of their eggs in the meritless basket of seeking to move the trial to federal court, instead of seeking a federal injunction to stop the trial entirely. If they had raised the issues of selective or vindictive prosecution and a mix of jurisdictional, pre-emption and constitutional claims, they could have delayed the trial past Election Day, even if they lost at each federal stage.

Another reason a federal crime has wound up in state court is that President Biden’s Justice Department bent over backward not to reopen this valid case or appoint a special counsel. Mr. Trump has tried to blame Mr. Biden for this prosecution as the real “election interference.” The Biden administration’s extra restraint belies this allegation and deserves more credit.

Eight years after the alleged crime itself, it is reasonable to ask if this is more about Manhattan politics than New York law. This case should serve as a cautionary tale about broader prosecutorial abuses in America — and promote bipartisan reforms of our partisan prosecutorial system.

Nevertheless, prosecutors should have some latitude to develop their case during trial, and maybe they will be more careful and precise about the underlying crime, fraud and the jurisdictional questions. Mr. Trump has received sufficient notice of the charges, and he can raise his arguments on appeal. One important principle of “ our Federalism ,” in the Supreme Court’s terms, is abstention , that federal courts should generally allow state trials to proceed first and wait to hear challenges later.

This case is still an embarrassment, in terms of prosecutorial ethics and apparent selectivity. Nevertheless, each side should have its day in court. If convicted, Mr. Trump can fight many other days — and perhaps win — in appellate courts. But if Monday’s opening is a preview of exaggerated allegations, imprecise legal theories and persistently unaddressed problems, the prosecutors might not win a conviction at all.

Jed Handelsman Shugerman (@jedshug) is a law professor at Boston University.

The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips . And here’s our email: [email protected] .

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Sales solves all: chatgpt prompts to make business problems vanish.

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Sales solves all: ChatGPT prompts to make business problems vanish

Most of your business problems will go away when you have more sales. Why? Because now you have money to solve them with. And money talks, you might have heard. Stressing out about where your next sale comes from is not what business dreams are made of. Deciding where to spend more cash to take your business to the next level is what your unique entrepreneurial talents were designed to do. So get there.

Use these prompts to sort out sales and find better challenges. Copy, paste and edit the square brackets in ChatGPT (or your LLM of choice), and keep the same chat window open so the context carries through.

Make more sales with ChatGPT: get customers faster than ever

Visualize triple the clients.

If you don’t have capacity to work with more clients, they’re not going to come through the door. If you can’t imagine your business with more customers, you’re not operating on the frequency of growth. Revenue expands when you do. Visualize it happening and get ahead of the game. Once you picture having triple the demand, customers or clients, your mind will whirr away, figuring out ways to get sales moving. Prepare for more with this simple prompt.

"Imagine my business, a [describe your business] has successfully tripled in size, which means we now [add a metric that marks triple the size]. Describe a day in this expanded business, detailing how the operations look with three times the number of clients. In the style of a dramatic movie voice over, describe the changes I have made to accommodate this growth in terms of team structure, technology, and customer service processes. Also, explain how this scale has affected my role and daily tasks as the business owner. The purpose of this description is to get me inspired and excited to do this."

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How will you know when your efforts have worked? Revenue is one metric but it doesn’t tell the whole picture. Measuring irrelevant outcomes will incentivise the wrong behavior. Decide what to track and put the system in place. Sales calls booked, LinkedIn connections added, signups per month, customer support tickets, lifetime value of a client or net promoter score? All contribute to sales, but not all need tracking. Get ChatGPT’s help figuring out which metrics best align with your goals, then automate their collection so you’re always in the loop.

"I need to establish a system to track the success of my business efforts. Given my goals of [insert specific business goals], which metrics should I prioritize? We currently track [describe metrics you track]. Suggest 5 other metrics we could track and compare the benefits of every metric in relation to my goals. Help me understand how each of these metrics can directly contribute to my sales and overall business growth. Additionally, suggest how I automate the collection of these metrics so that I can consistently monitor performance without constant manual input."

Assign responsibility

Every line of income on your P&L should have a name assigned to it. Someone at the top of the tree whose ultimate goal is to increase that number. Every product, every service line, every one-off deal: make someone responsible for owning its success. Get ChatGPT’s help matching the person to the product. You might be surprised when you give it further thought.

"I want to assign responsibility for each line of income on my P&L to specific team members. Can you help me match the right person to each product, service line, or one-off deal in my business? Ask for the biggest line item or offer, then ask for the options of the person who could be responsible for this, before helping me assign the single person. Ask me about their skills, experience, and current responsibilities, and therefore their suitability for taking it on. We will repeat this for every line item on my business' income list."

Meet a sales consultant

When’s the last time you dug into where your sales came from? More importantly, when’s the last time you looked into where they didn’t come from? Use this prompt to simulate a discussion with a sales consultant, who will ask probing questions about your data. Uncover hidden stats, go down routes you hadn’t considered. Stop putting effort in the wrong places and open up some new options. You’re a few good decisions away from tripling your business like you already imagined.

"Act as a sales consultant for my business. Ask me probing questions, one by one, about where my sales are coming from and, more critically, where they aren't. Start with the question "where did your last 5 customers come from?" then continue the discussion, only asking one question at a time. Help me uncover hidden statistics and explore aspects of my sales strategy that I may not have considered. Let's identify areas where I might be putting effort in the wrong places and discuss new options for growth. The goal is to make informed decisions that could potentially double my business."

Make your plan

You know you can do it, you have the metrics, the team is assembled and you know what to do. Bring every component together into your team sales plan. Use this prompt to get a summary of everything so far, and an overarching schedule you can all agree on. Decide the action points for every person, share a group high five and crack on with your tasks. Head in the direction of client wins and more revenue than you know what to do with. It’s a great problem to have.

"Create a comprehensive team sales plan. First, summarize all the key components we've discussed: the metrics to track, the team assignments, and the strategies we're implementing from the sales consultant simulation. Next, help me develop an overarching schedule, presented in a table, that aligns with our goals, ensuring everyone on the team understands their responsibilities. Finally, outline the specific action points for each team member. Let’s also include a motivational note for the team as we prepare to execute this plan and drive towards greater client wins and revenue."

Sales solves all: ChatGPT prompts to win more deals

Grow your business to new heights when you get real about what you’re doing and what needs to change. Bring your team along for the ride and share in the success together. Visualize the growth in detail, track the right metrics, find enthusiastic owners for each product and get a probing from an AI sales coach. Make your plan and course correct as you go. Prepare for the floodgates to open.

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Preprepared meals for the week ahead in containers

‘Meal prepping’ is booming – but beware the health dangers

Planning meals for the week and cooking and storing them all in advance is a growing trend to save time and money. But there are potential problems

J ust after his food shop is delivered at 10am on a Sunday, Sean Willers starts his weekly routine. Bolognese, chilli, potatoes, rice, chicken and vegetables are all cooked and stored in the fridge for lunches and dinners until Wednesday.

The routine – he eats the same thing “80% of the time” – means he has similar food every week for 17 of his 21 meals so he can control calories, eat healthily and save money.

Batch cooking, or “meal prepping”, has grown in popularity and is attracting a diverse following.

Those on a tight budget, fitness enthusiasts, those who want to save time otherwise spent cooking during the week, or anyone who wants to avoid calling for a last-minute takeaway, have helped the trend grow. Instagram is awash with influencers posting rows of Tupperware filled with colourful curries and rice, hamburgers with sweet potato fries, smoothies and salads, among many other meals.

But it has also raised concern among nutritionists about the potential for different types of food to spoil in the fridge, and the accompanying health risks.

How the savings work

Prepping for meals through the week can save in several ways. Buying greater amounts of individual ingredients can save money through economies of scale. And with proper planning, there should be little waste – or so the theory goes. Chef Ben Ebbrell, a co-founder of the YouTube Sorted Food channel, says avoiding last-minute decisions will also make savings.

“Buying ingredients in bulk is often cheaper per kilo, plus there are savings to be made in terms of energy use by only having to use appliances, hobs or oven once. It costs a lot less to have three trays cooking in the same oven at one time than to heat the oven for a single baking or roasting tray of food three times on consecutive days,” he says.

Author Mimi Harrison holding a plate of food

Mimi Harrison, author of Beat the Budget cookbook, started meal prepping at university when her weekly supermarket budget was £13. Now she draws up meal plans where the costs are kept down by five portions being made at a time. Soy tofu, aubergine and rice comes in at £1.16 a portion, while rigatoni with pork at £1.02.

The last year has seen the prepping trend grow, she says. A “£20 weekly meal prep”, which makes 15 meals, has proved particularly popular. People are really focusing. They want to know how to make something last across the whole week that would reduce their budget,” she says.

Follow the storage rules

While many of the images of freshly prepped meals on Instagram may make your mouth water, they also give rise to questions about food safety and storage.

Nutritionists urge people to be fully aware when storing certain foods together. Not doing so can negate any savings, as they may end up in the bin, and also, potentially, make you ill. The Food Standards Agency, for instance, says cooked rice should be consumed within 24 hours after being stored in the fridge.

Nutritionist Isobel Baillie Hamilton, from the Nutritionist Resource directory, says meat, fish, grains and pasta can be kept in the fridge for up to three days, but in separate containers.

Carolina Goncalves, from online pharmacy Pharmica, says pasta and dairy products are more likely to go off due to bacterial growth and should be consumed sooner than other products.

“Scientific research suggests it is perfectly safe to refrigerate, or freeze, food as long as you prepare it hygienically, store it in proper containers and account for how long each ingredient can keep in the fridge or freezer based on its unique properties,” she says.

However, Ebbrell warns that the temperature of your fridge can drop sharply when it is opened throughout the day, meaning it does not run at the recommended 0C to 5C, which can reduce shelf life.

“A freezer is a brilliant option. But what doesn’t happen is for the time stamp to reset once frozen. If you’ve left it in the fridge for three days, then you transfer it to a freezer, when you defrost it, it is still on its last legs. You can’t then keep it for another three days without risk.

“Of course, not all foods freeze well – salads are impossible, for instance, and freezing rice at home drastically alters its texture.”

Psychological dangers?

While eating an organised and regimented diet may help your waistline and keep your finances in reasonably good order, it may also have an effect on your mental health, according to psychotherapist Eloise Skinner, who says there can be dangers in being “over prepared, controlled and structured”.

“Meal prepping can narrow our range of options, creating some degree of rigidity. There’s also a danger, perhaps especially for those with a pre-existing tendency towards controlled routines, that meal prepping becomes a fixation – creating a pattern that we feel we can’t deviate from.

“This could restrict us from some of the more spontaneous, unplanned joys in life – grabbing a meal with a friend, or changing up our meal plans at the last minute.”

Willers says he leaves space every week within his routine for meals out with his family or partner, so that he can have food which is not planned.

How to store food

Dean Harper, a private chef based in London, says people who have stored their rice incorrectly, for example, can come down with a nasty stomach infection days later. “If not stored properly, pre-cooked meals can become breeding grounds for bacteria – usually, the taste and texture of the food would go stale first.”

There are a number of ways to ensure that prepped meals remain safe to eat:

Use shallow airtight containers to store the food once it is portioned, and label them with the date.

Ensure food is cooled to room temperature before it is stored in the fridge.

Lisa Marley, a chef, recommends drinking fresh juices immediately, but says they can be kept in the fridge for up to two days.

Meals can typically be held in the freezer for up to four months, says Jen Walpole, a nutritional therapist.

Your fridge should be below 5C and your freezer below -18C, says Baillie Hamilton.

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