Is Money the Key to Life? Money is a necessary commodity for survival. Once acquired it should be used wisely. In fact, keeping a personal budget should be a priority. Most people are not aware of the effects they will face during their life, when they do not keep a personal budget. Most people are generally thrown into the real world when it comes to spending money. Some people are not concerned with the amounts they spend.
The effects of not keeping a personal budget can be, but are not limited to not having any saving for unexpected expenses, going into debt or bankruptcy, causing intensified tress on a household, and the lack of responsibility which causes over spending. The biggest effect that can come from not keeping a personal budget is not having a savings fund for unexpected expenses. Everyone should have a savings fund. No one knows when an unexpected emergency will occur, such as a broken down car or hospital visit. This would be an ideal time when having a savings fund would be a great solution.
According to Min Punyerr, “Emergency is a serious event that will need immediate action… any emergency that happens with no money in pocket or savings will be devastating. (Punyerr). Punyerr continues on to explain an example of an emergency that happened to herself. Her car was repossessed, and her home was foreclosed. This forced Punyerr to live in a van by a river because she did not have a personal budget. Not keeping a personal budget will make it very hard for an individual to try and save money. This is clear evidence that not keeping a personal budget will result in a negative outcome, when an emergency or unexpected expenses arise.
Debt is a nasty word that no one should ever have to experience. This one word can ruin an individual’s whole life. Bankruptcy can occur when an individual spends more money than he has to spend. This will lead to the person going into debt because he will need to take out a loan to pay for his expenses. This could all be corrected with something as simple as keeping a personal budget. Mariam Caldwell supports keeping a personal budget when she states, “Budgeting is one of the biggest keys to really managing your money… Most people who do not have a budget end up overspending each month. (Caldwell). Once an individual is in debt it is very hard to get out with out a personal budget to go by. Over the time period it takes to pay back debt the interest is continuously growing and being added the original amount already owed. Debt is a very difficult thing to live with, and one of the worst effects from not keeping a personal budget. Not keeping a personal budget can cause excessive stress within a house hold. Brett Pittman agrees, “Money has been a top stressor in my life,” and gives the reader many possible ways to reduce the stress created from financial difficulties (Pittman).
Loosing a Job can create tremendous amounts of stress, because there is no way to ontinue a personal budget without a source of income. The individual will also worry and stress over how his bills are going to be paid. He may be forced to borrow money from someone else. This situation will create more stress and possibly a loss of trust. This stress and loss of trust will occur because there is no way of knowing if the reveals, “Finding a part-time Job while you are searching for full time employment might be a short term solution. “(Pittman).
There are many effects that come from the lack of keeping a personal budget, but the cause of stress in a household is a major ffect that will tear a family apart. Finally, the lack of responsibility will cause over spending. This will have a dramatic effect on an individual’s life due to not keeping a personal budget. The lack of responsibility is best explained by Leah Manderson as, “Lack of money consciousness. ” (Manderson). She continues to explain money is overspent because, “They don’t know theyre over spending. They don’t check their bank accounts very often because its uncomfortable to see what the balance is…
They rely on credit to take care of paying for the things they can’t “really’ afford. (Manderson). Manderson’s idea of the lack of money consciousness can also be known as “avoidance” which she explains as, “avoiding the hard truth in the numbers, the discomfort of knowing they can’t really pay for things, and the necessity of doing the research to know what is a good deal and what isn’t. ” (Manderson). Her idea provides vivid evidence that the lack of responsibility will lead to overspending. An individual will over spend because he is not responsible enough to keep up with his banking account and know exactly what he has available to spend.
This clearly illustrates how ot keeping a personal budget will cause overspending due to the lack of responsibility of an individual. In conclusion, not keeping a personal budget will highly effect an individual’s life in a numerous amount of ways. Keeping a personal budget allows a person to manage his money by keeping tack of his income and monitoring expenses. A person’s life can be effected by not keeping a personal budget, and some of those effects are not having any saving for unexpected expenses, going into debt or bankruptcy, causing intensified stress on a household, and the lack of responsibility which causes over spending.
American Government on Health Care and National Security
American Government on Health Care and National Security.
Part 1 First Essay: Healthcare (750 words) Assignment Instructions This is part one of the class project assessments. See the attachment for more details of the overall project. An important purpose of this assignment is to examine what the different branches and layers of government do to address a policy using a current issue to illustrate it. Complete a research essay on the government and healthcare. Remember this is being written for the president to read. The U.S. healthcare system has been a controversial topic for decades. Here are the aspects and questions to address for this essay: 1. Identify a current issue being debated about the American healthcare system. 2. Explain two competing solutions to this problem. 3. Evaluate which one is preferable. 4. Address the responsibilities of each level of government, which are federal, state, and local. (Most of the essay will be about the federal government). 5. Address the responsibilities of each of the three branches of the federal government. Part 2 Second Essay: National Security (750 words) An important purpose of this assignment is to examine what the different branches and layers of government do to address a policy using a current issue to illustrate it. Complete a research essay on the government and national security. Remember this is being written for the president to read. Here are the aspects and questions to address for this essay: 1. Identify a current issue being debated about American national security. 2. Explain two competing solutions to this problem. 3. Evaluate which one is preferable. 4. Address the responsibilities of each level of government, which are federal, state, and local. (Most of the essay will be about the federal government). 5. Address the responsibilities of each of the three branches of the federal government. REQUIREMENTS: • 750 word target length (about three pages), not including references listed at the end or footnotes if used. • Incorporation of concepts and terms from the required readings. • Inclusion of facts from a recent news article about the topic/solution. • Correct spelling, grammar, and formatting, whether it’s APA, MLA, or Chicago/Turabian. Part 3 Power Point Presentation (10 slides) Assignment Instructions This is the last piece of your class project. Imagine the presentation has been approved by the president and will be publicly published to sell the president’s ideas. Take your research from the essays and present it in a multimedia presentation using PowerPoint. There is no need to purchase additional software to complete the assignment. REQUIREMENTS • A title slide and reference slide. • Each topic will have a four-slide minimum to explain the problem, illustrate the competing solutions, and explain why one is better. • At least one use of animation and one sound should be used within the final product. • Be sure graphics are readable.
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