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What do you feel are the right uses of money?


You should spend about 40 minutes on this task.

Present a written argument or case to an educated reader with no specialist knowledge.

Write about the following topic:

Money is important in most people’s lives. Although some people think it is more important than others. What do you feel are the right uses of money? What other factors are important for a good life?

Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Write at least 250 words.

Sample Answer:

In today’s society, money plays a crucial role in most people’s lives. While some individuals may prioritize it more than others, it is undeniable that money is an essential aspect of our daily existence. However, the right uses of money are subjective and can vary from person to person. In my opinion, the right uses of money encompass meeting basic needs, investing in experiences and education, and contributing to the well-being of others.

First and foremost, the primary use of money should be to fulfill our basic needs such as food, shelter, and healthcare. Without these essentials, it is challenging to lead a comfortable and secure life. Therefore, allocating a portion of our income towards these necessities is crucial for our overall well-being.

Furthermore, money should be used to invest in experiences and education that enrich our lives. This could include traveling to new destinations, learning new skills, or pursuing higher education. These experiences not only broaden our horizons but also contribute to personal growth and fulfillment.

Moreover, contributing to the well-being of others is another important use of money. Whether it is through charitable donations, supporting family members in need, or investing in community development projects, using money to make a positive impact on the lives of others can bring a sense of purpose and satisfaction.

However, while money is undeniably important, it is not the sole determinant of a good life. Other factors such as health, relationships, personal fulfillment, and a sense of belonging are equally significant. A good life is one that encompasses physical and mental well-being, meaningful connections with others, pursuing one’s passions, and feeling a sense of belonging to a community or society.

In conclusion, while money is important in meeting our basic needs and providing opportunities for personal and societal growth, it is not the only factor that contributes to a good life. It is essential to strike a balance between the right uses of money and other important aspects of life to lead a fulfilling and meaningful existence.

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