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How to save money essay sample, example.

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The first step people might take is recording their spending. It is a practical decision that allows for transparency and calculation. According to Better Money Habits, “Keep track of all your expenses—that means every coffee, household item and cash tip. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Consider using your credit card or bank statements to help you with this” (“Saving Money Tips – 8 Simple Ways to Save Money”). It might seem painstaking, but this process will help you to note how payments and purchases affect your balance, and savings ultimately.

Another important factor in saving money is creating a budget. This is usually done after reviewing all your transactions and what you need to use your money for in order to survive. As stated by America Saves, “Create a budget that you can stick to. Look at places you can cut back in order to pay down high-interest debt and save. Each week, check your finances to make sure you are staying within your budget” (Bryan, Katie). The most essential factor in creating a budget is knowing you can keep to it through the bumps on the road of your finances.

As an extension of your budget, you can create a plan for your spending. You can give exact percentages and figures. According to Better Money Habits, “Try to save 10 to 15 percent of your income. If your expenses are so high that you can’t save that much, it might be time to cut back. To do so, identify nonessentials that you can spend less on, such as entertainment and dining out, and find ways to save on your fixed monthly expenses” (“Saving Money Tips – 8 Simple Ways to Save Money”). It might be painful to slash out certain areas of your life you enjoy spending money on, but in order to save money, you have to sacrifice some of your desires in order to achieve your goals.

A useful tip in addition to the previously mentioned points is that you can save money with a certain item or items in mind. Sometimes focusing on a certain object of desire can work better for people in terms of saving money. According to Better Money Habits, “One of the best ways to save money is to set a goal. Start by thinking of what you might want to save for—perhaps you’re getting married, planning a vacation or saving for retirement. Then figure out how much money you’ll need and how long it might take you to save it” (“Saving Money Tips – 8 Simple Ways to Save Money”). Whether short-term or long-term, it is good to have a goal in mind while saving money.

Finally, prioritizing the way you spend and save money is a key element. According to The Balance, “Each individual will have slightly different priorities, but no matter what those priorities are retirement and your emergency fund will come first. After that, you can focus on your other goals and building wealth. Once you determine your priorities, you can create a chart or excel sheet that lets you track your progress on your goals” (Caldwell, Miriam). So, setting priorities is a nuance you should take into account while creating your spending and saving plans.

Looking back, we can say for certain that saving money is possible for the average citizen. However, there are certain ways you have to go about it: noting down your spending, making a budget, creating a plan for saving money, setting a savings goal for particular items, and figuring out your priorities.

Works Cited

“Saving Money Tips – 8 Simple Ways to Save Money.” Better Money Habits, Bank of America, 6 Sept. 2018, bettermoneyhabits.bankofamerica.com/en/saving-budgeting/ways-to-save-money.

Bryan, Katie. “Creating a Budget.” America Saves, americasaves.org/for-savers/make-a-plan-how-to-save-money/creating-a-budget.

Caldwell, Miriam. “How Should I Prioritize My Savings Goals?” The Balance, www.thebalance.com/how-should-i-prioritize-my-savings-goals-2386146.

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  • Financial Planning
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12 Easy Ways To Save Money

Saving money can be easy when you find a method that suits your life

how to save money essay

Establish a Budget

Treat savings like a bill.

  • Calculate Your Purchases by Work Hours

Set Up Savings Automatically

Budget your savings using cash envelopes, take advantage of company matches.

  • Eat Out Less

The Balance / Getty Images 

For many people, saving money doesn’t come naturally. It may even seem like a daunting or impossible task depending on your level of disposable income. However, like other chores, the most challenging part about saving money is knowing how to start. Saving money can be a breeze when you find the method that works best for you. Learn some simple and effective money-saving tips that can help get you off to a great start toward reaching your savings goals.

Key Takeaways

  • The first step to saving money is creating a budget.
  • Creating realistic savings goals limits burnout and leads to more savings in the long run.
  • Other simple methods of saving money include downloading budgeting apps, waiting 24 hours before making a big purchase, and treating your savings contributions like a bill.
  • Making your savings automatic will ensure you always find money to save.

The first step to saving money is understanding where your money is going each month. “You can't start effectively saving money until you have a well-defined monthly budget ,” finance writer Chris Panteli told The Balance in an email interview. A budget puts you in control of your money. The trick is finding the one that’s right for you.

A proper budget should contain at least your monthly income, your fixed expenses, and an allocation of funds toward entertainment. There are many free budgeting tools and apps that can help you stay on track.

After your budget is set, a sure-fire way to save money is to treat your savings like a bill, said financial analyst Sophia Jones to The Balance in an email interview. “Whenever you get your pay, take out savings first and put it somewhere else, maybe in a high-yielding bank account. By doing so, you train yourself to consistently save, and practice living within your means while still having savings,” Jones said.

Calculate Your Purchases by Work Hours Instead of Cost

Thinking like a saver means thinking about the true cost of the things you buy and how many hours you will need to work to afford them. Start by taking the dollar amount of the item and dividing it by your hourly pay.

If you’re paid a salary and aren’t sure of your hourly rate, divide your annual salary by the number of weeks you work per year, then again by the number of hours you work each week. If you make $70,000 per year, your hourly rate is around $33.65 ($70,000 / 52 =  $1,346 per week / 40 = $33.65 per hour).

For example, if you want to purchase a $48 shirt and you earn $12 per hour, ask yourself if buying it is worth the four hours you’ll have to work to pay for it.

Try the 24-Hour Rule

This is an easy and effective trick to help you save. When you see an item you think you need or want, don’t buy it right away. Instead, set a “24-hour” rule. Maybe you’ll buy it after all, or maybe you won’t. But at least you can give yourself more time to think it through.

One way to enforce the 24-hour rule when online shopping is to disconnect your debit or credit card from your browser or phone. Sometimes putting a little friction between you and that “Check Out” button is all it takes to cut down on impulse purchases.

“Habits work best when they happen in the background,” Catch CEO Kristen Anderson told The Balance via an email interview. Using smart defaults such as directing a percentage of your paycheck to a separate savings account will have you hitting your savings goals in no time.

Start Small

Anything is doable when it’s done in baby steps. Corey Noyes, a financial advisor at Balanced Capital, said, “Too many people stretch themselves too thin when they first try to save.” This can lead to frustration, discouragement, and eventually giving up your savings goals. The key is to “choose a manageable amount that doesn't cause you stress and set it on autopilot,” Noyes said.

According to a 2021 study by the MIT Sloan School of Management, people spend more money when they use a credit card rather than cash. However, if your spending habits prevent you from saving money, you can try using the envelope-budgeting method . After creating your monthly budget, use cash to separate your savings and each of your other expenses into envelopes. Once the envelopes are empty, you’re done for the month, and your savings are intact.

Open a Spend-and-Save Account

A spend-and-save account works by automatically helping you save the spare change left after making a purchase. It rounds up each debit-card transaction to the nearest dollar, then deposits the difference into your savings. Of course, to reach larger saving goals, you’ll need to supplement a spend-and-save account with a regimented budget, but you might be surprised how quickly your spare change piles up.

Many companies offer employee incentives by matching a certain percentage of the money you save in retirement plans such as your 401(k). This means that for every dollar you save, they will give you an extra dollar, hence the match. So if you’re not taking advantage of your employer match, you are leaving free money on the table.

The IRS allows 401(k) participants to take a penalty-free loan from their 401(k) plan of up to $50,000 when buying their first home.

Pretend Your Windfalls Don’t Exist

When you need an easy way to save money, setting aside a windfall of extra cash needs to be a “no brainer.” Whether the money comes from a work bonus, bingo winnings, or tax refund, commit to adding it to your savings and pretend like it doesn’t exist.

Shop on Wednesdays

Why is Wednesday unique? “When most grocery shops start their new bargains on Wednesdays, customers typically get early access to the latest deals and special offers,” financial analyst Steve Wilson told The Balance in an email interview. “Additionally, shops occasionally accept coupons from the prior week,” Wilson added.

Commit To Eating Out One Day Less Each Week

If you enjoy eating out, you don’t have to give it up. Instead, just commit to cutting back. For example, suppose you spend at least $15 per day eating out five days a week. That quickly adds up to $300 a month. However, if you cut back even one day a week, you’ve just found $60 a month to add to your savings.

The Bottom Line

There are many benefits to saving money, and the reasons for saving are different for everyone. While consistently putting money aside can be a challenging habit to start, the trick is finding a few saving methods that resonate with you and your lifestyle.

Frequently Asked Questions (FAQs)

Why is it important to save money.

Saving money is more than important—it’s a necessity. Your savings can give you peace of mind by helping you avoid turning to credit cards or accumulating debt when unexpected expenses pop up. Saving money can also allow you to achieve financial and personal goals such as buying a house. On top of that, saving money can help you grow your money through the power of compound interest .

How much money should I save each month?

The popular 50/30/20 budgeting method suggests using 20% of your income as a guideline for savings. Initially, you can allocate that money toward your emergency fund until you save three to six months' worth of expenses. After that, you can begin putting the money toward other financial goals.

How much do I need to save to buy a house?

When you’re preparing to buy a house, it's a good idea to save around 25% of the purchase price in cash to cover a down payment, closing charges , and relocation expenses. For example, if you buy a property for $300,000, you may end up paying more than $75,000 to cover the down payment and all of the various closing costs. That said, if you are a first-time homebuyer, you can buy a home with a down payment as low as 3.5% of the home’s value.

IRS. “ Retirement Topics - Plan Loans .”

Department of Housing and Urban Development. “ Let FHA Loans Help You .”

Sample Essay on How to Save Money: How to Be in Good Funds When You Are a Student

Students are always looking for ways to save money. Some turn to part-time jobs while others resort to reducing their expenditure. This is a sample essay on how to save money that could inspire you to write a masterpiece on this issue.

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The life of a college student is not as rosy as most people imagine it to be. Well, there are amazing parties and all sorts of fun things to do when in college, but that’s just it. Students have societal expectations to deal with. They have assignments and projects to deliver and exams to ace. This is no easy task since some of the courses in college are tough and ever-absent professors don’t make things easier as well. There is also the issue of student finances to deal with. Without a steady income, college students are forced to rely on student loans and funds from their parents to see out a semester. These funds, however, are not always enough and students are forced to turn to unorthodox means to make sure they have enough for their education. Students are forced to reduce their spending on certain items, and this usually comes with harsh consequences.

In an attempt to save more, students would resort to cheap meals or even skip some of them altogether. These cheap meals are usually very unhealthy, and the students miss out on the vital nutrients that are needed for healthy growth and development. Some of the cheap meals that students turn to in an attempt to save money include fast foods such as French fries and burgers. These meals are unhealthy, and their regular consumption has a bad impact on people’s health.

Cutting out on entertainment is another ‘luxury’ that students do away with to save money. Movies and music concerts cost money and students avoid them so as to save as much as they can. Some even avoid going out with their friends and spend most of their time in their rooms. Entertainment, however, is very important for the emotional development of a human being, and students are advised to take time for entertainment. A lack of entertainment among college students may cause depression and other emotional issues since all that the students will be thinking about is books and their academic assignments.

Students also turn to free software and applications so as to save money. These non-premium versions, however, come with a lot of bugs and students are at risk of virus attacks to the minimum.

Some would even terminate their gym membership to save money. Most colleges have gyms on campus, but they are usually in a poor state and that is why students visit gyms that are off campus. When times get tough, most students would terminate their membership so as to save as much as they can. Without working out, students get unhealthy, and this brings a lot of challenges.

Tough times call for tough measures. Students resort to the above-mentioned activities to save money, but these methods have some harsh consequences attached to them.

References:

  • Boatman, A., Evans, B., & Soliz, A. (2014). Applying the lessons of behavioral economics to improve the federal student loan programs: Six policy recommendations. Policy report written for the Lumina Foundation .
  • Buckley, A., Soilemetzidis, I., & Hillman, N. (2015). The 2015 student academic experience survey. The Higher Education Policy Institute and Higher Education Academy .
  • Duclos, R., & Khamitov, M. (2016). Is Cash Almighty? Effects of Hard vs. Soft Money on Saving/Investment Behavior.
  • Fagerstrøm, A., & Hantula, D. A. (2013). Buy it now and pay for it later: An experimental study of student credit card use. The Psychological Record , 63 (2), 323.
  • Garbinsky, E. N., Klesse, A. K., & Aaker, J. (2014). Money in the bank: Feeling powerful increases saving. Journal of Consumer Research , 41 (3), 610-623.
  • Karlan, D., & Linden, L. L. (2014). Loose knots: strong versus weak commitments to save for education in Uganda (No. w19863). National Bureau of Economic Research.
  • Thompson, S., Cross, W., Rigling, L., & Vickery, J. (2017). Data-informed open education advocacy: A new approach to saving students money and backaches. Journal of Access Services , 14 (3), 118-125.

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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. 

Essays About Money: How to save money?

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 .

how to save money essay

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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Sometimes the hardest thing about saving money is just getting started. This step-by-step guide can help you develop a simple and realistic strategy, so that you can save for all your short- and long-term goals.

Record your expenses

The first step to start saving money is figuring out how much you spend. Keep track of all your expenses—that means every coffee, household item and cash tip as well as regular monthly bills. Record your expenses however is easiest for you—a pencil and paper, a simple spreadsheet or a free online spending tracker or app. Once you have your data, organize the numbers by categories, such as gas, groceries and mortgage, and total each amount. Use your credit card and bank statements to make sure you’ve included everything.

Bank of America clients can access the Spending & Budgeting tool in Mobile and Online Banking to automatically categorize transactions for easier budgeting.

Include saving in your budget

Now that you know what you spend in a month, you can begin to create a budget . Your budget should show what your expenses are relative to your income, so that you can plan your spending and limit overspending. Be sure to factor in expenses that occur regularly but not every month, such as car maintenance. Include a savings category in your budget and aim to save an amount that initially feels comfortable to you. Plan on eventually increasing your savings by up to 15 to 20 percent of your income.

Find ways to cut spending

If you can’t save as much as you’d like, it might be time to cut back on expenses. Identify nonessentials, such as entertainment and dining out, that you can spend less on. Look for ways to save on your fixed monthly expenses, such as your car insurance or cell phone plan, as well. Other ideas for trimming everyday expenses include:

Search for free activities

Use resources, such as community event listings, to find free or low-cost entertainment.

Review recurring charges

Cancel subscriptions and memberships you don’t use—especially if they renew automatically.

Examine the cost of eating out vs. cooking at home

Plan to eat most of your meals at home, and research local restaurant deals for nights that you want to treat yourself.

Wait before you buy

When tempted by a nonessential purchase, wait a few days. You may realize the item was something you wanted rather than needed—and you can develop a plan to save for it.

Set savings goals

One of the best ways to save money is to set a goal . Start by thinking about what you might want to save for—both in the short term (one to three years) and the long term (four or more years). Then estimate how much money you’ll need and how long it might take you to save it.

Common short-term goals: Emergency fund (three to nine months of living expenses), vacation or down payment for a car

Common long-term goals: Down payment on a home or a remodeling project, your child’s education or retirement

Set a small, achievable short-term goal for something that’s fun and goes beyond your monthly budget, such as a new smartphone or holiday gifts. Reaching smaller goals—and enjoying the reward you’ve saved for—can give you a psychological boost, making the payoff of saving more immediate and reinforces the habit.

Determine your financial priorities

After your expenses and income, your goals are likely to have the biggest impact on how you allocate your savings. For example, if you know you’re going to need to replace your car in the near future, you could start putting away money for one now. But be sure to remember long-term goals—it’s important that planning for retirement doesn’t take a back seat to shorter-term needs. Learning how to prioritize your savings goals can give you a clear idea of how to allocate your savings.

Pick the right tools

There are many savings and investment accounts suitable for short- and long-term goals. And you don’t have to pick just one. Look carefully at all the options and consider balance minimums, fees, interest rates, risk and how soon you’ll need the money so you can choose the mix that will help you best save for your goals.

Short-term goals

If you’ll need the money soon or need to be able to access it quickly, consider using these FDIC-insured deposit accounts:

  • A savings account
  • A certificate of deposit (CD) , which locks in your money for a fixed period of time at a rate that is typically higher than that of a savings account

Long-term goals

If you’re saving for retirement or your child’s education, consider:

  • FDIC-insured individual retirement accounts (IRAs) or 529 plans, which are tax-efficient savings accounts
  • Securities, such as stocks or mutual funds. These investment products are available through investment accounts with a broker-dealer 1

Make saving automatic

Almost all banks offer automated transfers between your checking and savings accounts. You can choose when, how much and where to transfer money or even split your direct deposit so that a portion of every paycheck goes directly into your savings account. The advantage: You don’t have to think about it, and you’re less likely to spend the money instead. Other easy savings tools include credit card rewards and spare change programs, which round up transactions to the nearest dollar and transfer the difference into a savings or investment account.

With Mobile & Online Banking, Bank of America clients can easily set up automatic transfers between accounts.

Watch your savings grow

Review your budget and check your progress every month. That will help you not only stick to your personal savings plan, but also identify and fix problems quickly. Understanding how to save money may even inspire you to find more ways to save and hit your goals faster.

1 Remember that securities are not insured by the FDIC, are not deposits or other obligations of a bank and are not guaranteed by a bank. They are subject to investment risks, including the possible loss of your principal.

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The Practice of Saving Money Essay

Difference between eap and general english, skills i have improved and the methods i used, eap areas to be worked on and the methods to use, saving money and carefully planning for the future, contrasting views on the topic, examples of contrasting views on the topic, personal view on the topic.

English for academic purposes focuses on high standards of English for higher learning and studies in general. It provides only what the students need. Therefore, it is goal-oriented as opposed to general English, where students are taught everything necessary to be learned and known in English (Smith 2015). EAP’s major task is learning how to plot theses and dissertations. Hence, there is a need for proper planning, writing, organization, and even proof-reading written works to ensure adherence to the rules of EAP.

Various factors such as the objectives, levels of the students, their goals, and even culture are challenges that make it impossible for EAP to be provided equally. Consequently, such factors must be put into consideration when establishing effective methods of learning EAP. On the contrary, general English only aims at basically teaching students how to listen, speak, read and write English in their day to day communications (Smith 2015).

EAP has numerous features. These features include genres, signposting, and even the use of linking words. 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 is that EAP learners are generally adults while General English learners include both children and adults.

Reading and writing are among the main skills I have enhanced. The process of achieving their enhancement was possible through the formation of groups. Particularly, we always hold discussions for purposes of demonstrating how to pronounce and write English words. Group discussions have also helped improve speaking and listening skills. Through them, we are always able to discuss every challenging thing we came across. Eventually, every learner is corrected through consensus and lessons end with all problems settled.

Learners’ expectations should always be addressed in good time (Smith 2015). In this process, appropriate materials must be used in proper ways. This situation can be achieved by setting goals on how to meet learners’ expectations and using certified and approved materials. At the same time, individuals training as teachers of both EAP and general English should be well trained to handle their students without difficulties.

Saving money and striving to make one’s future bright is vital. People should invest every small amount of money they get in businesses for the sake of securing the future. Investing in businesses helps reduce a lot of expense and increase earnings ( Spreading your wings 2015 ). Savings also prevent people from becoming bankrupt for the money is not all spent. Some reasonable amounts of money are left for use later in life. Saving also enables one to get ready for responsibilities that come with getting children. Specifically, one will be able to cater to needs such as good clothing, food, and even quality education.

Apart from taking care of future needs, saving money is ideal because individuals that save money are able of coping with emergencies that may leave someone helpless if he or she did not save (Kobliner 2010). Hence, it is important to save in order to better the future and make life more comfortable. In addition, people must also save with the view of avoiding debts that come when one lacks money. Saving ensures that they comfortably and conveniently cope with situations as they arise without requesting loans and grants, which might later burden them.

However, saving can be very challenging considering the small amounts of money earned by some groups of people and many unending needs that people must satisfy (Eyden 2012). Nonetheless, such situations can be solved and made easier by opening bank accounts for safekeeping. In the same vein, the situation can be salvaged through engaging in leisure activities that do not require money or those that need less money (Eyden 2012).

Examples of such activities are mostly sporting activities that keep one occupied with the view of reducing his or her expenditure. Selling items you no longer need can also earn extra money for saving. Similarly, the keeping of receipts and analyzing them as you check on what you should not buy again or what you will reduce spending on can significantly reduce the amount you spend.

Some people may argue that the death of someone cannot be predicted. Therefore, there is no reason for saving money for the future (Kobliner 2010). They may also argue that saving makes someone lag behind in terms of modern trends and fashions as one is forced to forego secondary needs and only focus on necessary items. Worse still, balancing between one’s spending habits and saving is also a difficult task. Proponents of this standpoint insist that people deny themselves very many things when they decide to save. Hence, such people’s lives do not run the way they should.

An individual who opens a fixed account to save money for five years then dies in the third year of saving having foregone very many things is a good example of a counterargument to the topic. Such a person does not enjoy the benefits of saving. Another good example is that of an individual who avoids keeping up with trendy things and fashion and being classy just to save money for the future (Eyden 2012). Such an individual lives differently from his or her friends. The third example of contrasting views is that of one having problems with balancing between saving and spending. Precisely, she or he saves enough money, but when an emergency arises or when an urge to acquire something or use the money in another way comes up, one quickly opts to use the money saved. This brings about the challenge of balancing.

I believe that both saving and spending are necessary. The best thing to do is to be conscious of both. Do not deny yourself so much in the name of saving and do not also spend everything without thinking of what tomorrow will be. It is good to budget for everything that requires your money and balances the budget well as this prevents overstraining in other areas. Budgeting helps people avoid debts as the money one has is planned for in a way that ensures that all things are catered for, including savings and other amounts meant for future use and emergencies. For easier saving of money, one should avoid impulse buying as it leads to having unnecessary items and spending money in an unplanned way. Hence, it is important to create a budget for yourself.

Eyden, T 2012, Personal financial plans: Saving for the future . Web.

Kobliner, B 2010, A painless saving plan for your future . Web.

Smith, Z 2015, English for academic purposes Vs. general English- 101 crash course . Web.

Spreading your wings, 2015 . Web.

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IvyPanda. (2021, March 26). The Practice of Saving Money. https://ivypanda.com/essays/the-practice-of-saving-money/

"The Practice of Saving Money." IvyPanda , 26 Mar. 2021, ivypanda.com/essays/the-practice-of-saving-money/.

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IvyPanda . 2021. "The Practice of Saving Money." March 26, 2021. https://ivypanda.com/essays/the-practice-of-saving-money/.

1. IvyPanda . "The Practice of Saving Money." March 26, 2021. https://ivypanda.com/essays/the-practice-of-saving-money/.

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Essay On Saving Money For Students

In this essay, we will discuss the importance of saving money and some useful tips to save money efficiently.

Essay About Saving Money

Introduction:

Money is an essential commodity that is required for daily survival. It helps to fulfill our basic needs and wants, but we cannot deny the fact that managing money can be quite challenging. Many people struggle to save money and end up spending more than they earn. Saving money is an important habit that should be cultivated from a young age. In this essay, we will discuss the importance of saving money and some useful tips to save money efficiently.

Importance of Saving Money:

Saving money is important for several reasons. Firstly, it helps to create a financial safety net. It ensures that we have money in case of emergencies like medical emergencies, unexpected home repairs, or job loss. Secondly, saving money can help us achieve our long-term goals like buying a house, car, or going on a vacation. It is essential to have a savings plan in place to accomplish these goals. Lastly, saving money can provide financial stability and reduce financial stress.

Useful Tips to Save Money:

Here are some useful tips that can help you save money:

  • Create a budget: Creating a budget is the first step towards saving money. A budget helps you track your income and expenses, and it enables you to identify areas where you can cut down your expenses.
  • Set a savings goal: Setting a savings goal helps you stay motivated and focused. It can be a short-term goal like saving for a vacation or a long-term goal like saving for retirement.
  • Avoid unnecessary expenses: Avoiding unnecessary expenses is crucial when it comes to saving money. Evaluate your expenses regularly and eliminate anything that is not necessary.
  • Shop smartly: Shopping smartly is an excellent way to save money. Look for deals, use coupons, and compare prices before making a purchase.
  • Save automatically: Saving automatically is an excellent way to ensure that you save money consistently. You can set up automatic transfers from your checking account to your savings account.

Conclusion:

Saving money is not an easy task, but it is crucial for financial stability and achieving long-term goals. By following the tips mentioned above and cultivating good financial habits, you can save money efficiently. Remember, it’s never too late to start saving, so start today and secure your financial future.

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Essay On How To Save Money And Its Benefits

Type of paper: Essay

Topic: Disaster , Finance , Thinking , Internet , Unemployment , Money , Banking , Rhetoric

Words: 1300

Published: 11/12/2019

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A. Attention Getter : Did you ever take time to imagine a country without banks?. Where no one knew what savings were, and what all people do is consume all income attained? So think now about the current situation. About you, are you spending more than your earnings? B. Tie to the audience : Now, think about an important and prominent person you know. For instance, President Barack Obama or any rich relative/friend you know of. Do you think he/she make savings? I choose to discuss this topic because saving is a very important aspect of human’s life. It is one of the necessary and important things a person should do for his/her financial well being. C. Credentials; Having experienced the importance of savings and having been saving money for a long makes me confidence standing to argue the importance of saving to people and encouraging them to save as well. Once the habit of saving is instilled, it develops automatically and becomes so easier for an individual to be saving on a regular basis. D. The purpose of my speech is therefore to persuade people to save money and avoid spending more than they are earning hence going bankrupt. It explains the benefits of saving money, how to save money, and how to reward yourself after you save money. E. Thesis Preview; Everyone, including the poor should be involved in savings. Savings are important for every individual however small it is on either weekly or monthly basis.

F. Main points (I)

1. Emergency purposes; One most important reason why you should save money is for emergency purposes (Cardwell 1). It is very imperative to have an emergency fund account for covering any unexpected expenses. You never know when emergencies will arise. You may get fired at work, or you may be required to pay a huge amount medical bills or any other unexpected bill (Mahalo 1). 2. Savings increase incomes portion; One of the best thing about one saving his/her money is that, once an individual makes the decision for saving a portion of his/her income -no matter how little it is, surprisingly one finds his/her income increasing as one becomes more and more focused to raise a larger amount. 3. No borrowing out money; Additionally, savings account ensures that one does not have to consider borrowing from other people, bank or even from one’s retirement account (Syncrat Publications 1). Savings for one’s future hence acts as a way of staying away from debts and banks debts loan as well as staying out of financial difficulties. 4. More options and opportunities; In addition, the money you save is the money you earn as well as the money set aside which gives more opportunities and options down the road. For instance, although some individuals do not take it as worthwhile, saving as little as 15$ or more adds up to the savings over a period as one continues to save. As finances increases, increase your savings accordingly. This amount saved increases with the interest charged and hence increasing your amount in the savings account. 5. Retirement reasons; One another important reasons why you should save is for your retirement reasons. The sooner an individual starts saving for his/her future retirement, the less he/she will have to save in his/her future. This allows an individual to have funds/money for using even when he/she has retired. 6. Other usage; One can also save money for usage in other ways, for instance, saving for a down payment of a property such as house, save for luxury items and for trips/vacations (have fun), save for buying a new car, save money for advancing your education and other activities. This ensures that an individual does not impulse buy hence using money that was unplanned. 7. Reward yourself; However, by savings, we do not mean you restrict your life, become a miser just to save. An individual can reward himself or herself by one he/she hits a certain target by buying himself or herself something he or she fancies. However, do not empty the savings account but instead use money from the payroll (Cooper 1). After rewarding yourself, start a new higher goal/target and keep raising it as you attain it. II. Main point 2; How do you save? a. First set a goal on how much you need to save. b. Make a list of monthly expenses, surpluses and what to cut on and calculate on the extra amount. c. Keep records. d. Start a saving plan by opening a savings account in a desirable bank with the best interest rates as well as minimum balance requirements (WikiHow 1). e. Then curb down your expenses by eliminating unnecessary expenses. For instance, move to a less expensive apartment, sell one car if you have two, restrict eating out or too much and others. f. Finally get out of all your debts first in order to save peacefully.

III. Conclusion,

A. Purpose; Today, the purpose of my speech had been connvinsing people on the importance of saving money. Now I hope that my speech has encourged all those who did not give savings a thought. B. Thesis Preview; As my speech and points suggests, people are required to know how to save money erregardless of their financial status. Even the most intelligent, well paid, responsible and practical individuals can at times be overwhelmed by their expenses and become bankrupt. Savings hence help everyone and it should be the first priority (Factoidz 1). C. Credentials; Being someone who has a high sense of making money and saving equal amount of money as my targets suggest, I felt it was imperative to share how t o save and importance with all of you. D. Tie to the audience; With this information you now have, do you see that savings is important to even prominent persons. Therefore you can now be certain that even Obama makes savings. E. Attention Getter ; Last but not least, for the time I have taken to prepare and present my speech, a large number of people are stressed out how to solve for emergencies. This is simply because they did not save enough money to cater for this. At thius moment someone is ailing somewhere with no money for receiving treatment. Now why would you wait till emergency supress you? Hurry up and start saving now.

Works Cited

Cardwell, Miriam. Learn the Most Important Reasons to Save Money. 2011. Web. 6th April. 2011. Cooper, Olivia. How To Force Yourself to Save Money. 2011. Web. 6th April. 2011.

Factoidz. The Importance of Saving. 2008. Web. 6th April. 2011.

Mahalo. How to Save Money. 2007. Web. 6th April 2011.

Syncrat Publications. The Importance of Saving. 2004. Web. 6th April. 2011.

WikiHow. How To save Money 2011. Web. 14th Feb. 2011. Web. 6th April. 2011.

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Essay on Importance of Saving Money

Money does not grow on trees. It takes work and effort to make enough money to live day-to-day expenses. If you want extra spending cash, then you’ll have to learn how to get it the right way. Money problems are too common in this day and age which means that you will need to learn how to save money .

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Essay on Importance of Saving Money for Students

People often fail to realize the importance of saving money. They think that they will get enough time in their lives to save and invest their money for future use. But according to me, it is better we start investing our money from an early age itself because we can see a glimpse of inflation when we are in our teens.

Inflation has been increasing year by year. If the inflation is there then it should be checked by putting some of our money in the bank rather than spending them on useless stuff which may not have worth in future.

When we are young, parents or elder people teach us to save or put some money for future use . People often think that its better to invest money in business so that they can earn more money.

But first of all a person should try to save as much as possible because if we have money saved in bank no one can take it away from us . Even the Government cannot take our hard earned money from us. So people should start saving as early as possible.

>>>> Related Post : Essay on If I were a Millionaire!

Saving money is not as difficult as you think. In fact, it can be easy once you decide what your needs and wants are. You also have to figure out where your money goes and find ways of saving money daily. For example: Do you go out with friends frequently?

Then, one of your wants would be going to a bar or restaurant with friends. Perhaps, you can cut down on spending money by inviting them over for dinner.

Don’t let the fact that saving money takes time stop you from doing it. Money doesn’t have to be saved in a bank either. Use calculators online and determine how much you can save each day. Once you reach your savings goal, put the money in a safe place like under the mattress or in an old shoe. You don’t want to lose it or spend it all at one go.

One of the best ways to save money would be by creating a budget plan . It will help you see where your money goes and where you can cut down on spending. You can even use budgeting apps to track your expenses and learn how much money is spent per week. This will allow you to see your progress as well as keep a close eye on what money is going out and coming in each week or month.

After you cut down on spending, you can learn how to save money on gas and transportation . This will help you get more mileage out of your car which means more savings for you. You will also need to learn ways of saving money at home such as using coupons when shopping or making food from scratch instead of buying it.

Saving money is a skill that takes time and effort. However, it is a skill that you will need to learn even as an adult. It is one of those skills that can make all the difference in the world when it comes to your financial future and well-being .

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Saving money is important because it allows you to build wealth . Wealth, in turn, helps you make more money. Saving provides a cushion for emergencies that come up with regularity. And finally, saving money is one of the factors that determines how wealthy you are or will become.

Essay on advantages of Saving Money:

Saving money is a skill that every student should learn. It may seem difficult at first, especially with the many expenses that come with being a student, but it’s a habit that will benefit you in the long run. In this essay, we will discuss the advantages of saving money for students.

Firstly, saving money teaches students financial responsibility. As young adults, it’s important to learn how to manage money and make smart financial decisions. By saving money, students become more aware of their spending habits and learn to prioritize their needs over wants. This skill will prove valuable in the future when they start earning and have more financial responsibilities.

Moreover, saving money can lead to financial security. As students, we all know how unpredictable life can be. Unexpected expenses can arise at any moment, be it a medical emergency or an urgent trip home. By having savings, students are prepared for such situations and won’t have to rely on others for financial help. This sense of security can bring peace of mind and reduce stress levels.

Another benefit of saving money is the ability to achieve long-term goals. As a student, you may have dreams of traveling, buying a car, or owning a home. These goals may seem out of reach, but by saving money consistently, you can make them a reality. It’s important to set aside a portion of your income for savings and watch it grow over time. This will give you the financial freedom to pursue your dreams and aspirations without having to worry about the cost.

Saving money also allows students to have a safety net in case of unforeseen circumstances. Life can throw unexpected challenges our way, and having savings can provide a buffer during tough times. Whether it’s losing a job or facing a sudden financial setback, having an emergency fund can help you get through the difficult situation without falling into debt.

Lastly, saving money instills discipline and patience in students. In today’s fast-paced world, instant gratification is the norm. However, by saving money, students learn to delay gratification and work towards a long-term goal. This discipline and patience can also extend to other areas of life, such as academic pursuits and personal relationships.

Essay on Importance of Saving Money For Students:

Saving money is a crucial aspect of our lives, and students are no exception. It may seem like a daunting task for students to save money while juggling their studies and other expenses. However, it is essential for students to understand the importance of saving money and learn how to manage their finances early on.

Firstly, saving money helps in building financial stability. With the rising cost of education and living expenses, students often find themselves in a financial crunch. By saving a percentage of their income or allowance regularly, students can create a reserve fund that can be used during emergencies or for future investments.

Moreover, learning to save money teaches students the value of budgeting and spending wisely. It encourages them to differentiate between their needs and wants and prioritize their expenses accordingly. This skill is crucial in the long run, as it helps students become financially responsible adults.

Saving money also allows students to pursue their dreams and aspirations without being hindered by financial constraints. Many students have big goals, such as studying abroad or starting a business, but they often give up on them due to lack of funds. By saving money, students can make these dreams a reality.

Another significant advantage of saving money is that it instills a sense of security and independence in students. It gives them the freedom to make their own financial decisions and not rely on others for financial assistance.

In conclusion, saving money is crucial for students as it not only helps in building financial stability but also teaches valuable life skills. By encouraging students to save money, we are setting them up for a financially secure and independent future. So, let’s start cultivating the habit of saving money in students from an early age.

Essay on Pocket Money, Advantages and disadvantages:

Pocket money, otherwise known as allowance, is a small amount of money that is given to children by their parents on a regular basis. The purpose of pocket money is to teach children the value of money and how to manage it responsibly.

There are several advantages of giving pocket money to children. Firstly, it helps them develop financial literacy skills at an early age. By receiving allowance, children learn the concept of budgeting and saving, which are essential skills for managing their finances in the future.

Secondly, it gives them a sense of independence and responsibility as they have to make decisions on how to spend their money wisely. This also helps in building their confidence and decision-making abilities.

On the other hand, there are some disadvantages of giving pocket money to children. One of the main concerns is that it may lead to overspending and wastage of money. It is important for parents to set guidelines and limitations on how much pocket money should be spent in a week or month.

Another disadvantage is that children may become materialistic and start valuing money over other important things in life such as relationships, education, and experiences.

In conclusion, pocket money has both advantages and disadvantages. It is important for parents to strike a balance by providing enough allowance to teach their children financial management skills while also setting boundaries to avoid any negative consequences. So, it can be said that pocket money is a useful tool in teaching children about the value of money and preparing them for their future financial responsibilities.

Why do we need to save money:

1. To Prepare for Emergency Situations

Saving money is crucial because life can be unpredictable. Emergencies such as medical bills, job loss, or unexpected home repairs can strike without warning. If you don’t have any savings to fall back on, you may find yourself in a difficult and stressful situation. Having some money set aside can provide peace of mind and help you navigate through tough times.

2. To Achieve Financial Goals

Whether you dream of buying a new home, traveling the world, or starting your own business, saving money is necessary to achieve your financial goals. Without savings, it will be challenging to make these dreams a reality. Saving money allows you to have the funds available when opportunities arise and gives you the freedom to pursue your passions.

3. To Create a Safety Net for Retirement

Retirement may seem far away, but it’s never too early to start saving for it. The earlier you begin to save, the more time your money has to grow through compound interest. By saving money now, you are setting yourself up for a comfortable retirement where you won’t have to worry about financial constraints.

4. To Build Wealth and Financial Stability

Saving money doesn’t just help with short-term goals; it also plays a critical role in long-term wealth-building. By saving regularly, you can accumulate a significant amount of money over time. This financial stability will provide security and freedom for you and your family in the future.

5. To Avoid Debt

Many people fall into debt because they live beyond their means and don’t save for unexpected expenses. By saving money, you can avoid taking on high-interest loans or using credit cards to cover emergencies. Instead of owing money, you will have the funds readily available to handle any financial curveballs that come your way.

So, there you have it – five essential reasons why we need to save money. It’s never too late to start, and every little bit counts. Whether you begin by setting aside a small percentage of your income each month or cutting back on unnecessary expenses, saving money will benefit you in so many ways

Short Essay on Importance of saving money for future:

We all know that saving money is important for our future. But why exactly is it so important? Well, firstly, saving money allows us to have a financial cushion in case of emergencies or unexpected expenses. It gives us a sense of security and helps us avoid getting into debt.

Moreover, saving money also allows us to achieve our long-term goals and aspirations. Whether it’s buying a house, starting a business or traveling the world, having saved money will make it more feasible and less stressful.

Another important aspect of saving money is that it helps us develop good financial habits. By setting aside a portion of our income regularly, we become more disciplined with our finances and learn to budget effectively. This can lead to better financial management and ultimately, financial stability.

Saving money also gives us a sense of freedom and independence. It allows us to make choices without being limited by our financial situation. We can pursue opportunities that require some financial investment, like further education or investing in stocks, without worrying about the immediate impact on our daily expenses.

Lastly, saving money also ensures a better future for ourselves and our loved ones. It provides a safety net during retirement or in case of illness. It also allows us to leave behind an inheritance for our children or donate to causes we care about.

In conclusion, saving money may seem like a small and insignificant action, but it has far-reaching benefits for our present and future selves. It’s never too early to start saving, so let’s all make it a priority

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Q: What is the importance of saving money?

A: Saving money is important for financial security, achieving goals, and handling unexpected expenses.

Q: Why is it important for students to save money?

A: It teaches financial responsibility, helps in emergencies, and enables students to plan for their future.

Q: What are 5 benefits of saving money?

A: Benefits of saving money include financial security, achieving goals, reduced stress, the ability to invest, and independence.

Q: What is the most important way to save money?

A: The most important way to save money is to create a budget and consistently track and control your spending.

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Essay on Importance of Saving Money

Students are often asked to write an essay on Importance of Saving Money 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 Importance of Saving Money

Understanding money.

Money is a tool that helps us meet our needs. It’s important to understand its value at an early age.

Why Save Money?

Saving money is crucial. It helps us prepare for unexpected situations and achieve our goals.

Benefits of Saving

Saving helps us become financially independent and secure. It also teaches us discipline and planning.

How to Save?

Simple steps like cutting down on unnecessary expenses and setting aside a part of our pocket money can aid in saving.

In essence, saving money is a habit that can lead to a secure and worry-free future.

250 Words Essay on Importance of Saving Money

Introduction.

Money is an essential part of our lives, facilitating the exchange of goods and services. One of the most important aspects of money management is saving, a habit that can significantly impact our financial security and future.

The Role of Savings in Financial Stability

Savings act as a safety net in times of financial distress. Unexpected expenses such as medical emergencies, vehicle repairs, or job loss can be easily managed if one has a sound savings plan. It reduces the reliance on credit, thereby minimizing debt and the associated stress.

Savings and Investment Opportunities

Savings also open doors to investment opportunities. The money saved can be invested in stocks, bonds, or real estate, which can generate additional income over time. This concept of compounding can lead to substantial financial growth, helping to achieve long-term goals like buying a home or planning for retirement.

Savings and Financial Freedom

Furthermore, saving money promotes financial freedom. It allows individuals to make choices based on their desires and not just financial constraints. Whether it’s pursuing higher education, starting a business, or traveling the world, a solid savings plan can make these dreams a reality.

In conclusion, the importance of saving money cannot be overstated. It provides financial security, enables investment opportunities, and promotes financial freedom. Cultivating the habit of saving can lead to a financially secure and fulfilling life.

500 Words Essay on Importance of Saving Money

The concept of saving money.

Saving money is a fundamental aspect of financial management, especially in the current economic climate. It is a practice that not only encourages financial discipline but also prepares individuals for unforeseen circumstances. The importance of saving money cannot be overstated, given its multifaceted benefits in fostering financial independence, securing the future, and mitigating financial risks.

Financial Independence and Empowerment

One of the most significant advantages of saving money is the financial independence it brings. When you save, you essentially create a financial buffer that can help you navigate unexpected expenses or financial emergencies. This independence can lead to a sense of empowerment, as it allows you to make decisions based on your best interests rather than immediate financial constraints. For college students, this could mean having the freedom to pursue internships in their field of interest, even if they’re unpaid, or investing in educational resources that can enhance their academic performance.

Securing the Future

Saving money also plays a crucial role in securing your future. By setting aside a portion of your income, you’re essentially investing in your future self. This could mean being able to afford a down payment on a house, funding your post-graduate studies, or even starting a business. The act of saving money can provide a safety net that allows you to take calculated risks and make significant life decisions without fear of financial ruin.

Mitigating Financial Risks

A robust savings account can serve as a financial cushion against unforeseen circumstances such as job loss, medical emergencies, or sudden major expenses. Without savings, these situations can lead to debt or financial instability. Moreover, in an increasingly unpredictable job market, having a substantial amount of savings can provide a sense of security and reduce stress associated with financial uncertainty.

Encouraging Responsible Financial Behavior

Lastly, the practice of saving money encourages responsible financial behavior. It necessitates budgeting and conscious spending, skills that are invaluable in managing personal finances. For college students, learning to save money can provide practical experience in financial management, setting the foundation for a future of financial prudence and stability.

In conclusion, the importance of saving money extends beyond the immediate benefits of having extra cash on hand. It’s about financial independence, securing the future, mitigating risks, and fostering responsible financial behavior. It’s a habit that, when cultivated early, can lead to lifelong financial stability and independence. As such, it’s crucial for college students to understand and appreciate the value of saving money, as it’s an investment that yields significant returns in the long run.

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

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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 .

how to save money essay

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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how to save money

How to Save Money? - 15 Tips for Students

how to save money essay

Student years are the happiest, according to almost 100% of former students. However, many of those who think so cannot but agree that this time is also the most complicated. Many students probably fail to make everything in time. In this case, let a good essay writer service lend you a hand with academic assignments while you are dealing with your curriculum.  

Renting an apartment or paying for a dormitory, living expenses, and tuition is almost always covered by the parents. But at this age, you want to feel free. And for many students, it lies in a substantial amount of finance that neither parents nor a part-time job can provide. So how to save money in college? The tips on saving money from our custom essay service will help you control your funds better so that you have free money for something significant and necessary every month.

how to save money essay

Money Saving Tips

If you are still wondering how to save money fast, here are the 15 saving ideas that we have listed among our college budgeting tips that may help:

money saving tips

  • So one of the best ways to save money is to start cooking - This will help you save a lot on your visits to cafes and restaurants. And the food you cook yourself is healthier and more delicious. If you still want to celebrate a memorable date or spend time with a noisy company of friends, try to buy drinks in stores and relax at home. Then you will not have to overpay in establishments because the prices for food and alcohol in bars and restaurants are higher than in the nearest convenience store or in a hypermarket.
  • Another trick to save money is to bring your lunch - Lunch boxes do not take up much space in your carry-on luggage, and meals that were stored in the refrigerator overnight do not spoil from morning to lunch. For example, salads dressed with mayonnaise can be stored for up to five hours out of the refrigerator, fried or stewed meat, and chicken for up to six. It is more profitable to carry lunch with you, even if you do not know how to cook and use semi-finished products.
  • Walk more - It is a popular point among all cheap living tips. Spending on taxis, gasoline, or using car rentals doesn’t sound that nice if you compare it all to spending time having some fresh air. Additionally, you can save on a subscription to a fitness club. If you are a student, then your trip to the university is worth a penny. This is a perfect way to cut your expenses. 
  • Do proper save money planning by paying attention to different discounts, sales, or promotions. When it comes to food, you need to pay attention because expired goods may harm your health. Talking about the looks, you can still look good buying something for less money. If you often order essays , check out the discounts we offer to our regular customers.
  • Student life is unthinkable without some proper rest - nightclubs, cinema, and other types of entertainment. Saving money every week won’t allow you to spend some quality time, but if you arrange something for yourself a few times a month, it won’t do any harm. The entertainment can be cheap and allow you to enjoy yourself without spending a lot of money, so that you could still stick to the saving money plan.
  • Moving on with the money saving life hacks - You need to find the correct way to manage your finances. Try to divide the sum you have for a month equally for each week and do not spend more than you have. But try not to carry all the sum you have for a month. You won’t even notice how all the big bills become smaller and smaller.
  • If you buy food from the market, rather than from the supermarkets, you can bargain with the vendors, saving you some money.
  • Making a shopping list for a month - Such a simple way of saving is contemptuously rejected by many, but in vain. Buying from the list, first of all, you are more or less insured against impulsive purchases (like a massive pack of chips, M & Ms for the promotion, and a bucket of ice cream that you will eat on the very first evening). It is these expenses that subtly undermine the budget. Secondly, you take the food you need in the right amount.
  • Before deciding to buy a book, check out if it’s available on the Web. Now you can download a lot of literature for free. In case you couldn’t find anything, you can always use the library.
  • Share an apartment with your friends - This is probably the best way to save for college. Living in a hostel is not suitable for all students, and renting an apartment in a big city will cost a pretty penny. But there’s no reason to be upset: you can always offer some good friends to share an apartment. Although they will remotely resemble a hostel, the conditions in such housing will be more free space here.
  • Finding a part-time job - A full-time job is usually not beneficial to students’ academic performance. However, you are unlikely to be able to live on one scholarship. Job websites and recruiting agencies can help you find the right job. Temporary work will make it easier to adapt to adult life conditions and hone the professional skills acquired at the university.
  • Save up getting rid of unnecessary things - Freshmen who have just entered their student days strive to save money just like you. You have accumulated many textbooks, lecture notes, and materials for preparing for exams during your studies. Young students are full of the excitement of youthful maximalism and the desire to gain knowledge in all possible ways, so they will gladly buy things from you.
  • One more saving advice that is not that obvious is to choose your credit cards wisely - If you cannot avoid the debt, choose a credit card with an interest-free period, with monthly interest on the balance of funds, with the ability to receive discounts in stores when paying with this card. And never delay your monthly payments. The longer you “stretch” your credit card debt, the more it costs you. Interest rates on consumer loans are high. Try to pay off the monthly payment as high as possible. And never take loans in the future. Student loans are a giant trap that will ruin all your money saving techniques.
  • Cashback platforms - This is one of the easy ways to save money. When you pay for essay online, it is almost always possible to get some of the money back using cashback services. Cashback appeared to tie a client to himself, providing him with additional “buns”. It works roughly like bonus points awarded for purchase - only instead of bonuses, you get real money. Sometimes the share reaches 30%: companies are ready to work with zero or negative, to get a client.
  • Fitness app - There is always no money and free time for students. So here is the last of our money tips. Most young people, of course, want to look good. What if there is no way to visit the fitness club? Download the 7 Minute Workout application (IOS, Android), which allows you to perform a set of seven-minute exercises at home without special equipment.  

By following all these simple rules, you will learn the best ways to save money fast, know how to use it properly, and even put it in your stash. This will bring many rewarding experiences in the future. Don't forget to find out our paper topic generator for your essay ideas on our service.

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How To Save Money Essay

There are many ways to save money, and it all starts with knowing where your money is going. One way to do this is to track your spending for a month and see where you can cut back. Maybe you can pack your lunch instead of buying it every day, or cut back on nights out. Once you know where your money is going, you can start to make changes to save.

Another way to save money is to make more of it. If you can find ways to increase your income, you’ll have more money to put towards savings. This could mean getting a better paying job, picking up side hustles, or finding creative ways to generate additional income.

Once you have a handle on your spending and income, you can start to put your money towards savings. One way to do this is to create a budget and make sure you are automatically transferring a fixed percentage of your income into savings each month. This will help you make headway on your long-term financial goals.

Another way to save money is to take advantage of discounts and deals. This could mean using coupons, shopping clearance items, or looking for sales. By being mindful of where you spend your money, you can save a significant amount over time.

Finally, one of the best ways to save money is simply to have a plan. If you know what you want to save for and have a timeline in mind, it will be much easier to stay on track.

In today’s economy, the costs of a variety of items and services are continuously rising. Money is becoming more difficult to earn. As a result, many individuals are looking for methods to save money. In my opinion, as a housewife, I believe saving money at home is one of the finest methods to save money. We can do it according to our monthly salary if we have a lot or little money.

There are a variety of methods to save money at home. One method is to reduce the number of times we eat out. Instead, we can cook more meals at home. This will not only save us money, but it will also be healthier for us as we will know exactly what ingredients are going into our food. Furthermore, another way to save money at home is by reducing the amount of energy we use.

We can do this by turning off lights when we leave a room and unplugging appliances that are not in use. Additionally, we can lower our thermostat in the winter and raise it in the summer to save on our energy bill. Finally, an easy way to save money that many people often overlook is by couponing. There are many websites and blogs dedicated to couponing which can provide us with coupons for a variety of items, ranging from food to clothes.

Saving money is important to everyone in today’s economy. By making small changes in our everyday lives, we can easily save money without noticing it. These changes will not only help us save money, but they will also help us become more financially stable in the long run.

To begin with, the standard of living is higher for those who have a high income. They utilize several appliances that might be costly for them, such as a television, refrigerator, and air conditioner…. Saving money on their energy bills is one of the finest ways to decrease their house expenses.

There are a few ideas to accomplish this, such as turning off lights when leaving a room, unplugging electronics when not using them, and utilizing natural light during the daytime. Homeowners can also save money by making their home more energy-efficient. This can be done by ensuring that doors and windows are properly sealed, adding insulation to the attic, and installing energy-efficient appliances… Another way to save money is by carpooling with friends or coworkers.

This will help to split the cost of gas, as well as wear and tear on the vehicle. Public transportation is also an option for those who do not have a car, or live close enough to their job or school. Additionally, eating out less often is a great method to save money.

Home-cooked meals are not only less expensive, but often healthier as well. Those who are looking to save money should also avoid impulsive purchases, and stick to a budget. Finally, one of the best ways to save money is by setting aside some cash each month into a savings account. This will help to build up a financial cushion in case of an emergency, or for future goals such as a down payment on a house or retirement.

They must spend a substantial amount of money each month on water, electricity, and gas bills. To lower monthly payments, they must reduce the amount of energy used at home. They should minimize the temperature in their refrigerator and air conditioner as much as possible. Don’t open fridge doors for longer than absolutely necessary. Use only the washing machine when there is a full load and set it to the warm or cold water setting rather than hot to wash economically in a clothes washer.

When taking showers, avoid letting the water run for a long time while shampooing or soaping up. Install low-flow showerheads to save water and energy. To lower heating costs in winter, wear sweaters and other warm clothing inside the house instead of turning up the thermostat. In addition, they should make sure their home is well insulated to minimize heat loss.

They can also save money by eating out less often. Instead of dining in restaurants, they can cook meals at home using budget-friendly ingredients. They can also save money on groceries by buying in bulk or taking advantage of sales and discounts. Another way to save money is to reduce entertainment expenses. Instead of going to the movies or out for drinks, they can stay in and watch TV or play board games.

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This Guide Can Help You Save Money and Fight Climate Change

By Nadja Popovich and Elena Shao Updated Feb. 20, 2024

Federal tax credits and rebates can lower the cost of some green home improvements and electric vehicles. Here’s how.

Looking to make your home more energy-efficient, install solar panels or buy an electric car? You may be able to save thousands of dollars on climate-friendly purchases through federal tax credits and rebates.

Those savings kicked in last year as part of the Inflation Reduction Act, a law that aims to cut the pollution that is rapidly heating the planet by investing in clean energy across the U.S. economy. The law tackles two major sources of emissions, transportation and buildings, by making it cheaper for Americans to replace fossil-fuel burning cars and appliances, like furnaces and boilers, with cleaner versions , and to make their homes more energy efficient.

Maximizing savings will require planning, experts said. Under the law, many benefits will be available for a decade or more, though not all of them are accessible just yet. Federal tax credits, which allow eligible consumers to recoup some of their expenses, took effect last year. Rebates, which offer up-front discounts or partial refunds to eligible consumers and are managed by state and tribal governments, still haven’t launched. (Each state is working to set up its own rebate process, with some moving faster than others .)

Here’s a quick guide to the savings:

Home Improvements

There are plenty of opportunities for homeowners to save money through the new law, but renters will find fewer benefits. Portable appliances, like window-unit heat pumps, are not currently eligible for savings, but that could change in the future.

Tax credits

Get a home energy audit +, make energy-saving renovations and buy efficient appliances +, install a heat pump +, install sola r panels or other renewable energy options +, get discounts for renovations that reduce energy use +, not yet available, get discounts for energy-efficient appliances for lower-income households +, electric vehicles.

For many buyers, tax credits can help lower the cost of new and used electric cars, pickup trucks and S.U.V.s, but only some models qualify. If you’re looking for savings on other types of vehicles, like e-bikes or motorcycles , you’re out of luck.

Tax credits (some are instant)

B uy a new electric car, p ickup truck or s.u.v. +, buy a used electric car, pi ckup truck or s.u.v. +, install an electric vehicle charger at home if you live in a rural or low-income area +, learn more about climate change.

Have questions about climate change? Our F.A.Q. will tackle your climate questions, big and small .

New satellite-based research reveals how land along the East Coast is slumping into the ocean, compounding the danger from global sea level rise . A major culprit: overpumping of groundwater.

The planet needs solar power. Can we build it without harming nature ? Today’s decisions about how and where to set up new energy projects will reverberate for generations.

Carbon-free electricity has never been more plentiful, but it hasn’t yet been enough to reduce reliance on fossil fuels. We looked at how electricity generation has changed over time to help you understand today’s global picture .

Singapore is rethinking its sweltering urban areas to dampen the effects of climate change. Can it be a model for other cities ?

Whether you’re looking to make your home more energy-efficient, install solar panels or buy an electric car, this guide can help you save money and fight climate change .

Did you know the ♻ symbol doesn’t mean something is actually recyclable ? Read on about how we got here, and what can be done.

Health care costs climb for retirees. See how much they need to save, even with Medicare

how to save money essay

What would you and your spouse do with $351,000 when you retire?  

That may sound like a nice nest egg, but you may need every penny just to cover health care costs in retirement, including Medicare premiums and drugs after insurance pays its part, according to recent research . 

And that figure is conservative, the research notes. 

Americans already lack retirement savings. A New York Life survey of 2,202 adults last month showed only 4 in 10 have a nest egg, even though 74% expect to retire at 64. That shortfall means many retirees may find their golden years tarnished by financial stress.  

“People have so many different financial goals pulling them in a million different directions that they don’t always realize how high health care costs can be,” said Jake Spiegel, an associate at the nonpartisan, nonprofit Employee Benefit Research Institute and co-author of the health care savings report . 

Protect your assets: Best high-yield savings accounts of 2023

How much should you save for health care in retirement? 

Assuming retirees have Medicare Part A (hospital), B (medical), D (drugs) and G (expenses not covered by Part A and B such as coinsurance and copays), the report says the amounts below are what people need for a 90% chance of meeting their health care expenses, including premiums and out-of-pocket costs: 

◾ A 65-year-old man with average premiums will need $184,000 in savings and a woman will need $217,000. 

◾ Couples will need $351,000.  

◾ Representing an extreme case, a couple with particularly expensive prescription drugs will need $413,000 (accounts for out-of-pocket drug caps  from the Inflation Reduction Act) .

It's important to note these estimates don’t include services not covered by Medicare such as dental, vision, or hearing.

They also don’t include long-term care, such as community, residential or home-based care costs, which are “enormous” Spiegel said. 

A survey by senior-living finder Seniorly shows monthly assisted living costs can reach $8,248, and in-home care can total $3,861.

Using today's earnings and savings rates, it would take the average American 17.2 years to save for a year of assisted living, it said. 

Look ahead: Time to have 'the talk': How seniors can avoid financial ruin by planning long-term health care now

Why are health care costs so high for retirees? 

Medicare premium increases , the program's precarious financial footing , which casts uncertainty on how much can be fully covered by Medicare in years ahead, and cutbacks in employment-based retiree health programs all contribute, Spiegel said. 

Over the past two decades, health care costs have far outpaced inflation.

The costs of medical care, including services provided as well as insurance, drugs, and equipment, have risen 114.3% from January 2000 to June 2023, compared with an 80.8% increase in prices for all consumer goods and services, according to nonprofit health researcher KFF. 

"Health care costs tend to increase two or three times faster than the (cost of living) increases in Social Security income,” said Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League, an nonprofit advocacy group. A recent league survey found one in five seniors spends more than $1,000 a month on health care. 

“There are so many retirees who just don’t have the savings to meet these costs – and that can have far-reaching consequences for other family members who want to provide some sort of assistance,” Johnson said. 

What can be done to help seniors? 

Financial advisers and health care experts say some of these moves could help ease the burden for seniors:

  • ◾ Legislative changes – whether it’s reduced benefits, increased taxes on workers, or some combination of the two – might help shore up Medicare, Spiegel of the Employee Benefit Research Institute said. 
  • ◾ Early planning , by putting money into a health savings account , modifying your home so you can stay as long as possible and saving money. Also, consider long-term health insurance . 
  • ◾ Instead of signing up for Medicare, seniors can buy Medicare Advantage , also known as Medicare Part C, which is an all-in-one alternative to original Medicare. These plans often have a $0 premium and offer benefits like dental, vision and audio services.  

A 65-year-old man with a Medicare Advantage plan would need $99,000 to have a 90% chance of meeting his health care needs; a woman would need $116,000; and a couple $189,000, the benefit research institute report said.

Those are significantly lower savings targets, but “Medicare Advantage plans often have limited networks or may require approval before certain medications or services are covered,” it noted. 

Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and  subscribe to our free Daily Money newsletter  for personal finance tips and business news every Monday through Friday.

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My Family’s Daily Struggle to Find Food in Gaza

By Mosab Abu Toha

An illustration of a man in a room where a family is eating dinner. The man sees his brother in the destroyed landscape...

Recently, my wife’s distant aunt, Leila, invited me, my wife, and our three children to her home in the Faisal neighborhood of Cairo. She promised to cook us maftoul , a Palestinian dish that we had not eaten since we fled Gaza in December. Back home, making maftoul was often a family affair. One person cooks a rich stew from pumpkin, onions, tomatoes, and chickpeas. Someone else mixes wheat flour into a dough. A third person rubs the dough through the holes of a sieve, creating tiny balls that are similar to pearl couscous. Finally, the balls are steamed and served with a hot ladleful of the stew. We looked forward to tasting it again.

Leila speaks with the same warmth as my mother, and she cooks the same familiar foods. When we arrived at her sixth-floor apartment, I felt the comfort that comes from shared history. Only months ago, my family survived Israel’s bombardment of northern Gaza, and I was detained by Israeli forces. Leila’s husband, who was deaf, was killed during Israel’s 2014 offensive in Gaza. The moment I sat down, their eleven-year-old son, who lost his father as a toddler, took out a box of dominoes and taught me to play. I thought about how none of us meant to live in Egypt. Leila and her brother came here for her son’s medical treatment, and they can no longer go home.

While the maftoul was cooking, sending a delicious smell through the apartment, I got a video call from my brother Hamza, a father of three with a fourth on the way. He was in northern Gaza, picking through the rubble of the house that we once shared. In the background was the recognizable sound of military drones, and I urged him to get to safety. Instead, Hamza passed the phone to my mother, who was there, too. She looked pale and tired, and she told me that they were running out of food, but she still thanked God for what they had. She was scouring the area for edible plants such as cheeseweed.

It is difficult to find maftoul in Egypt, and Leila’s was good. I felt lucky to taste it with my wife and kids. But, lately, hearing about unprecedented starvation in Gaza , I have felt a sort of hatred for the food in front of me. As I eat simple meals of chicken, rice, salad, and olives with my family, I think of the hunger in my homeland, and of all the people with whom I want to share my meals. I yearn to return to Gaza, sit at the kitchen table with my mother and father, and make tea for my sisters. I do not need to eat. I only want to look at them again.

When I was growing up in northern Gaza, food marked our saddest and happiest occasions. You could tell that someone had died when you saw people walking in a line with trays of food balanced on their heads: bread, boiled eggs, fried potatoes and eggplant, pickles, falafel. The neighborhood came together to feed grieving families and their guests. People also delivered refreshments before and after weddings: coffee and tea in winter; soda, juice, and ice cream in summer. During the month of Ramadan, we fasted while the sun was up, so we knew how hunger felt. But, after the evening prayer, we gathered as a family for iftar, the meal that breaks the fast.

Until recently, Gaza had enough flour. Before the war, about five hundred supply trucks arrived each day, and every three months the United Nations Relief and Works Agency for Palestine Refugees in the Near East ( UNRWA ) gave rations to most of the families in my neighborhood: flour, rice, sugar, milk powder, lentils, sunflower oil, and canned food. I started buying flour only after the agency hired me as a teacher, because I could no longer receive aid. As recently as last year, I could purchase twenty-five kilograms of flour for about ten U.S. dollars. I helped my mother bake it into sfiha , a flatbread baked with minced meat. I loved to tear a warm piece of bread and scoop up a bite of falafel, avocado, or cheese.

Even when Israeli forces began their 2023 offensive, in the wake of Hamas’s October 7th attack , I could buy a kilogram of bread for about a dollar. UNRWA helped keep the price down by taking sacks of flour out of storage and distributing them to bakeries. After Israel invaded, however, the lines for food began to grow; nothing could come through Gaza’s northern borders. I often waited for hours to buy a few loaves, and when bakeries ran low on fuel I sometimes returned with nothing. And, when I read about air strikes that destroyed bakeries in Gaza City and central Gaza, I became scared to stand in line.

In the final weeks before my wife, my kids, and I fled south, my neighbors grew desperate. One day, in the Jabalia refugee camp, I heard police sirens and came upon a crowd of people in the street. They were so hungry, I learned, that they had broken into a bakery. I saw three people hide sacks of flour on a donkey cart, under a blanket. I also recognized a young man, one of my former students, in the custody of two policemen. They were holding him by the neck. “I want to feed my family,” he cried. “You cannot do this to me.”

In December, a U.N. report said that ninety-three per cent of Gaza residents—more than two million people—were experiencing crisis levels of food insecurity, or worse. “In Gaza, pretty much everybody is hungry,” Arif Husain, the chief economist at the U.N. World Food Program (W.F.P.), told The New Yorker in January. To meet the need, aid groups would need to triple or quadruple the flow of supplies into Gaza, he said—something that seemed possible only with a humanitarian ceasefire. “In my life, I’ve never seen anything like this,” Husain said. After that, Hamza sent me a video of our parents, who are staying in the Jabalia refugee camp with some relatives. My mother was sorting out clean grains from a dirty pile of rice. Apparently, someone had salvaged it and sold it to my family at the market.

On February 9th, Hamza sent me a WhatsApp voice message. He had succeeded in buying three kilograms, or six and a half pounds, of wheat flour on the black market. It had cost him a staggering forty U.S. dollars, he said, and would probably run out quickly. Still, there was a note of triumph in his voice.

Three days later, on social media, Hamza posted a photograph of what he was eating that day: a ragged brown morsel, seared black on one side and flecked with grainy bits. “This is the wondrous thing we call ‘bread’—a mixture of rabbit, donkey, and pigeon feed,” Hamza wrote in Arabic. “There is nothing good about it except that it fills our bellies. It is impossible to stuff it with other foods, or even break it except by biting down hard with one’s teeth.”

Photograph of a piece of bread made from animal feed in Gaza.

In his post, Hamza wrote about how his kids were faring. “When I hold the new bread that you are bringing me, I want to hide it so that I don’t run out of it,” his youngest daughter, Awatef, told him. “Dad, God willing, today we will eat bread like the bread of the past,” his eldest daughter, Razan, added. His two-and-a-half-year-old son, Hayyan, simply placed a hand over his rumbling stomach. Hamza’s wife, Kawthar, was now nine months pregnant.

The baby arrived on the evening of February 16th. Hamza walked with Kawthar and her mother from his in-laws’ home to Kamal Adwan Hospital, in our home town, Beit Lahia. They were terrified, Hamza told me, because they could hear drones and warplanes and see the distant lights of air strikes. Only two months earlier, Israeli forces had raided the hospital and the World Health Organization had deemed it no longer functional.

They reached the hospital at about 9 P.M. , but they couldn’t find a doctor. Instead, a nurse joined them in a windowless room that was running low on blankets. “Kawthar gave birth while bombs were falling all around us,” Hamza told me. After ten tense minutes, their new son, Ali, was born.

Hamza told me that the hospital had no food to offer Kawthar, and no diapers for Ali. A woman gave them one syringe of milk. Then hospital staff asked them to go home. “Ali continued to cough and vomit for hours after his birth,” Hamza said.

Our brother Mohammad sent his congratulations from a tent in Rafah, the city in southern Gaza that is currently home to more than a million Palestinians. Most of them are, like him, refugees from elsewhere in Gaza. In a voice note, Mohammad told me about his “gift” for his newborn nephew. “I have told Hamza about two sacks of wheat flour in my bombed apartment,” Mohammad said. “I had the feeling that they survived the air strike.”

On February 18th, Hamza shared some good news. “The baby has brought luck to us,” he told me. He had gone back to our destroyed home and found one of the sacks in the rubble. “I have split the sack between me and my parents and sisters, although part of it was spoiled by rainwater,” he said. In the background of our video call, I could see one of our teen-aged cousins digging through stones and glass with his bare hands, looking for the second sack. A few days later, Hamza wrote on social media that he’d bought his wife a small gift of rice and beef. One plateful of uncooked white rice cost him twenty-five U.S. dollars, he said, and a fist-size heap of raw beef cost a shocking seventy dollars.

U.N. agencies no longer dare to send aid trucks north. In early February, CNN reported that Israeli forces had fired on an UNRWA food truck in central Gaza, prompting the agency to halt deliveries to the north. Last weekend, the W.F.P. resumed its own deliveries, but desperate people crowded its trucks; later, people took food and beat one of its drivers. Its convoys have now been halted again for safety reasons. “The decision to pause deliveries to the north of the Gaza Strip has not been taken lightly, as we know it means the situation there will deteriorate further and more people risk dying of hunger,” the W.F.P. said . “Gaza is hanging by a thread.”

Photograph of a plate with rice and raw meat on it in Gaza.

A few days ago, I sat with my wife, Maram, in the back yard of our apartment in Cairo, watching sprinklers water the grass. Our youngest child, Mostafa, was playing on a swing while his siblings were at school. “The sprinklers remind me of my family’s farm,” Maram told me. “My dad and uncles and cousins used to water the strawberry plants and cornstalks.”

I thought of times when I picked strawberries and corn from her family’s fields. We barbecued the corn under a grapevine at night. I still have photographs of the harvest. But, this year, there may not be any strawberries or corn to pick. When Maram and I look into each other’s eyes, we both see sadness.

This past Monday, an ear doctor who treated me in Gaza, Bahaa al-Ashqar, managed to cross into Egypt through the Rafah border. I woke up to a call from him at one o’clock in the morning, and two hours later a taxi dropped him off at our apartment.

I was overjoyed that Dr. Bahaa was still alive. We hugged. But, as I stared at him, I saw how thin and weak he looked. This is not the doctor I used to know, I thought. He had lost thirty-seven pounds since the start of the war. In Rafah, he’d survived on canned food.

Dr. Bahaa had been on a long journey, and I felt like I should help him with his things, but all he had was a backpack. It was mostly full of travel documents. Still, he had managed to ferry a few small gifts from my brother Mohammad, for Maram and me. He unpacked barbecue and shawarma spices that we couldn’t find in Egypt, along with a bottle of dark-green Palestinian olive oil. When I smelled them, I felt a wave of love for my brother.

In the morning, Maram cooked tomatoes and fried some eggs. Dr. Bahaa told us that it was his first normal breakfast in months. We dipped bread and feta into the olive oil. It smelled of the trees that grew the olives, and it tasted like Gaza.

Dr. Bahaa spent the day trying to repair his phone and prepare for his onward journey. His wife and children, who escaped Gaza early in the war, were waiting for him in Europe. In the evening, he returned to our apartment for a meal of chicken and rice.

Over dinner, my children dropped some grains of rice on the floor. Dr. Bahaa didn’t want us to throw them away. “Pick them up and put them on my plate,” he told the kids. “I’ll eat them.” We had to convince him that there was no need. We have plenty of fresh rice, we said. But we could not stop him from wiping his plate clean. He understood that, in Gaza, this food could save a person’s life. ♦

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What Was Hamas Thinking?

By Adam Rasgon

The Birth of My Daughter, the Death of My Marriage

By Leslie Jamison

Lost in the Mountains

By David Owen

The Lows of the High Life

By Andre Dubus III

I tried the viral 6-to-1 grocery-shopping method. I saved money and wasted less food.

  • I tried the viral 6-to-1 grocery-shopping method to see if it could improve my life.
  • The method focuses on picking up simple ingredients to make diverse meals throughout the week.
  • I saved money and minimized food waste, so I plan on using the 6-to-1 method again in the future.

Insider Today

If you love grocery-shopping and cooking content on social media, you’ve probably come across the 6-to-1 method, a process that aims to simplify meal planning and reduce food waste.

The 6-to-1 grocery-shopping method went viral when Chef Will Coleman  posted a video  on TikTok about how he grocery shops. The method involves buying six vegetables, five fruits, four protein sources, three starches, two sauces or spreads, and one fun item.

According to Coleman, this process of focusing on simple ingredients can help shoppers save money .

Here’s how the method worked for me.

It took a minute to get the hang of grocery shopping using this method, but I left with lots of great items

My usual shopping process involves planning my meals, checking my kitchen for what I already have, collecting coupons, and making my grocery list.

Coleman’s method seemed adaptable, as a shopper could go into the store, buy the items they like in each category, and then meal plan based on what they purchased.

At first, seeing six veggies and five fruits on my grocery list intimidated me. I follow a vegetarian diet, but it still sounded like a lot of produce to stock up on. However, I quickly maxed out in these categories.

Throughout my shopping trip, I had trouble deciding on three starches and got a little creative with the categories. For example, I bought Greek yogurt, which could be a protein, to fit into my sauces category.

I left with the following groceries:

Vegetables: carrots, spinach, salad mix, bell peppers, jalapeño, and mushrooms

Fruits: apples, cherry tomatoes, bananas, blueberries, and frozen raspberries

Proteins: great northern beans, chickpeas, eggs, and tofu

Starches: spinach-and-ricotta ravioli, petite potatoes, and whole-wheat English muffins

Spreads or sauces: plain Greek yogurt and Hershey’s chocolate-shell topping

Fun item: pistachio ice cream

Focusing on what I needed to build meals and skipping random items that didn't fit into my plan helped me save money.

I spent about $60 on all of my items this trip. Normally, I spend between $70 and $85 on groceries in a week.

I repeated my breakfast and lunch meals throughout the week to save time

I usually stick to one savory and one sweet breakfast and one or two lunches throughout the week. My lunches typically involve a salad or leftovers.

So, I did the same when I tried the 6-to-1 method. For the first breakfast, I opted for whole-wheat English muffins with nut butter, honey, and bananas or blueberries. The second meal consisted of egg, cheese, spinach, and hot sauce.

For lunch, I mixed chickpeas and fresh apple slices into spinach and a pre-bagged salad mix.

These meals were simple but utilized a lot of produce and saved time on meal planning.

I got more creative with dinners and weekend meals

I have more time to cook during evenings and weekends, so I tried to add variety to these meals.

One night, I made a spicy bean-and-tofu burrito with a Greek-yogurt dip.

I also made spinach-and-ricotta ravioli with pesto I had in the freezer, and added mushrooms and cherry tomatoes. Another pasta dish I made included bucatini and Parmesan I already had, as well as spinach and tomatoes.

On the weekends, I roasted, quartered, and shredded potatoes for hash browns and made veggie and fried-egg dishes. 

I ate more fruit with the desserts I made during the week

As a fun treat for my partner, I made our favorite chocolate-chip cookies  with pantry staples and the frozen raspberries, which turned out delicious. 

I also enjoyed pistachio ice cream with fruit and Hershey’s chocolate-shell topping when I craved something sweet.

Overall, the 6-to-1 method was handy, and I'd use it again

I used almost all the groceries I purchased for this experiment. Items that weren’t eaten by the end of the week, like the ravioli and carrots, were easy to save for later.

I definitely plan to use the 6-to-1 method again. I won’t do it all the time, but it’s especially helpful when I need to simplify meal planning or tighten my budget.

The plan is flexible, so I may swap out sauces and spreads for dairy or dairy alternatives some weeks.

how to save money essay

Watch: I tried to eat healthily while ordering all my meals from food delivery apps for a week — here's what happened

how to save money essay

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  18. Money Saving Ways: An Essay

    Place Order Investing on companies by holdings share. It gives equity as well. Though investing on share is high in risk and not a humble option for saving but profitable sometimes. To reduce risk preferable share can be chosen as option. For risk free option, 'debenture' is the best option.

  19. Essay on Importance of Saving Money

    Benefits of Saving Saving helps us become financially independent and secure. It also teaches us discipline and planning. How to Save? Simple steps like cutting down on unnecessary expenses and setting aside a part of our pocket money can aid in saving. Conclusion In essence, saving money is a habit that can lead to a secure and worry-free future.

  20. 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.

  21. How to Save Money?

    And never take loans in the future. Student loans are a giant trap that will ruin all your money saving techniques. Cashback platforms - This is one of the easy ways to save money. When you pay for essay online, it is almost always possible to get some of the money back using cashback services.

  22. How To Save Money Essay Essay

    How To Save Money Essay There are many ways to save money, and it all starts with knowing where your money is going. One way to do this is to track your spending for a month and see where you can cut back. Maybe you can pack your lunch instead of buying it every day, or cut back on nights out.

  23. The Important of Saving Money

    Download Nowadays, money is important to us in our life. Without money, many thing will not success and we will get many problem and tough in our life. Every people think that money is important for them, all of us work hard to hope can get more and more money. The money is wont enough in our daily life.

  24. This Guide Can Help You Save Money and Fight Climate Change

    More information on the Inflation Reduction Act's consumer savings can be found through the I.R.S. and the United States Department of Energy.An online tool from Rewiring America can also help ...

  25. How much to save for retirement health care: The number is rising

    Using today's earnings and savings rates, it would take the average American 17.2 years to save for a year of assisted living, it said. Look ahead:Time to have 'the talk': How seniors can avoid ...

  26. My Family's Daily Struggle to Find Food in Gaza

    Find anything you save across the site in your account. Close Alert. Essay. My Family's Daily Struggle to Find Food in Gaza. In my homeland, where we used to cook and celebrate together, my ...

  27. Tried 6-to-1 Grocery Shopping Method; Saved Money, Reduced Food Waste

    Focusing on what I needed to build meals and skipping random items that didn't fit into my plan helped me save money. I spent about $60 on all of my items this trip. Normally, I spend between $70 ...