Knowing the value of money
Money is valuable to society because it provides the means to exchange goods and services. As consumers it is vital that we understand the value and benefits of money. Yes, money does allow us to buy but it also establishes money management skills which can be applied to any lifestyle to maximise savings. Managing finances from a young age creates rules and boundaries that guide us into the rules of negotiation, savings and how to establish a budget. Essentially this page is to display that a dollar is not just a dollar but yet holds more value than a whole bank.
As we grow older our needs expand to more pricey things. To determine our needs from our wants we have to ask ourselves, could we live without this? If the answer is yes, chuck it back on the shelf! Money management teachers us skills on self discipline and how to say "no" to that little voice in our head. Without knowing the value of money we cannot recognise the true cost of things. Advertising exploits teens through the use of social network sites by convincing us we need this product- even if it is of a low quality standard and way over priced. Advertising convinces us that one pair of shoes is better than the other, simply because it has a flashy brand or logo.. This is not true, quality cannot be condensed into one brand name or famous logo. It is nearly laughable to think that many of us have fallen into the trap of purchasing one item over the other just because of how brand name affects other peoples perception of us, as an individual. To avoid falling into the brand name scheme, when shopping ask yourself:
Asking yourself these three questions will automatically reveal the worth of the product you are interested in.
When shopping for clothes, look around for the best quality materials (avoid synthetic) and only buy Australian made products, this will ensure you get the best buy for your money.
As we grow older our needs expand to more pricey things. To determine our needs from our wants we have to ask ourselves, could we live without this? If the answer is yes, chuck it back on the shelf! Money management teachers us skills on self discipline and how to say "no" to that little voice in our head. Without knowing the value of money we cannot recognise the true cost of things. Advertising exploits teens through the use of social network sites by convincing us we need this product- even if it is of a low quality standard and way over priced. Advertising convinces us that one pair of shoes is better than the other, simply because it has a flashy brand or logo.. This is not true, quality cannot be condensed into one brand name or famous logo. It is nearly laughable to think that many of us have fallen into the trap of purchasing one item over the other just because of how brand name affects other peoples perception of us, as an individual. To avoid falling into the brand name scheme, when shopping ask yourself:
- "Do I like the product or am I just interested in it because of the brand"
- "Will I wear this?"
- "Do I need this?"
Asking yourself these three questions will automatically reveal the worth of the product you are interested in.
When shopping for clothes, look around for the best quality materials (avoid synthetic) and only buy Australian made products, this will ensure you get the best buy for your money.