Topic 8: Money

For me, money is just a medium of exchange for me. Money is used as a medium of exchange and a store of value. I don’t have the capability of investing with it, nor can I actually earn it yet, but I do save it. Normally, I have my money in a bank account, instead of in cash. I get my money from my parents, who give it to me on a set allowance each year. Generally, I do not receive money other than from this source. For example, on the popular holiday of Chinese New Year, I do not get to keep the money, but instead, my parents save it to an account for it to be used during college. In a sense, that would also be for me, but not for me to use immediately. Money for me is important because I understand its value. I do not generally spend that much of it, except for necessary times like buying for my own supplies, or gifts for others. I set a specific amount of money that I can spend each month, and save up the rest. The money I extract each month does come in cash because it is more handy this way. I believe that I can live by less than I receive now, but obviously, I would want more. There may be times when I spend more than the monthly amount I allow myself to spend, but that is only for special occasions. I am willing to work for money, because I feel that that would only be fair. I would be willing to do work that is within my capacity, and maybe a little more. I would not be willing to do anything harmful to myself for money, because I believe that is not a good trade-off.