money and shopping essay

Essay on Shopping

Students are often asked to write an essay on Shopping 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 Shopping

What is shopping.

Shopping is an activity where people buy goods or services. It is done in shops, markets, or online. These places have a variety of items like clothes, food, electronics, and more. People can choose what they need or want.

Types of Shopping

There are two main types of shopping: in-store and online. In-store shopping means going to physical shops. Online shopping is done on the internet, using websites or apps. Both types have their own benefits.

Why We Shop

People shop for many reasons. Some shop for basic needs like food and clothes. Others shop for fun or to buy gifts. Shopping can also help people feel good and enjoy their time.

Shopping and Economy

Shopping is important for the economy. When people buy things, it helps businesses grow. This can lead to more jobs and wealth. So, shopping not only satisfies our needs but also helps the economy.

Smart Shopping

250 words essay on shopping.

Shopping is an activity where people buy goods or services. It can be done in different places like shops, malls, or online. People shop for many things like food, clothes, toys, and books. Shopping can be fun and exciting, especially when you find something you really like or need.

There are two main types of shopping: in-store and online. In-store shopping means going to a physical store to buy things. You can touch and see the items before you buy them. Online shopping is when you buy things on the internet. You can shop from home or anywhere with a computer or phone. It’s easy and convenient, but you can’t touch or see the items before buying.

Why do People Shop?

People shop for many reasons. Some shop because they need things like food or clothes. Others shop for fun, to pass time, or to find new things. Shopping can also be a way to relax and enjoy. Some people even shop as a hobby.

In conclusion, shopping is a common activity that people do for different reasons. Whether it’s in-store or online, shopping can be a fun and exciting experience. It’s a way for people to buy what they need or want, and sometimes, it’s just a way to have fun and relax.

500 Words Essay on Shopping

Shopping is a common activity that we all do. It means buying things we need or want. We can shop for food, clothes, toys, books, and many other things. Shopping can be done in many places like stores, markets, and even online. It is an important part of our daily life.

Places for Shopping

There are many places where we can go shopping. Supermarkets are big stores where we can buy many different things like food, clothes, and household items. Smaller stores or shops sell specific things. For example, a toy store sells toys, a book store sells books, and a clothing store sells clothes.

Another place to shop is at a market. Markets can be indoors or outdoors. They often sell fresh food, handmade items, and second-hand goods. Some markets are only open on certain days of the week.

Why Do We Shop?

We shop for many reasons. We need to buy food to eat and clothes to wear. We also shop to buy gifts for others on special occasions like birthdays or holidays. Sometimes, we shop for fun. It can be exciting to buy new things, especially if they are things we have been saving up for.

Responsible Shopping

Even though shopping can be fun, it’s important to be responsible. This means we should only buy things we need or can afford. We should also think about the environment. For example, we can bring our own bags to the store instead of using plastic bags. We can also choose to buy things that are made in a way that is good for the environment.

If you’re looking for more, here are essays on other interesting topics:

Apart from these, you can look at all the essays by clicking here .

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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. 

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 .

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Does More Money Really Make Us More Happy?

• Elizabeth Dunn
• Chris Courtney

A big paycheck won’t necessarily bring you joy

Although some studies show that wealthier people tend to be happier, prioritizing money over time can actually have the opposite effect.

• But even having just a little bit of extra cash in your savings account ($500), can increase your life satisfaction. So how can you keep more cash on hand?
• Ask yourself: What do I buy that isn’t essential for my survival? Is the expense genuinely contributing to my happiness? If the answer to the second question is no, try taking a break from those expenses.
• Other research shows there are specific ways to spend your money to promote happiness, such as spending on experiences, buying time, and investing in others.
• Spending choices that promote happiness are also dependent on individual personalities, and future research may provide more individualized advice to help you get the most happiness from your money.

How often have you willingly sacrificed your free time to make more money? You’re not alone. But new research suggests that prioritizing money over time may actually undermine our happiness.

• ED Elizabeth Dunn is a professor of psychology at the University of British Columbia and Chief Science Officer of Happy Money, a financial technology company with a mission to help borrowers become savers. She is also co-author of “ Happy Money: The Science of Happier Spending ” with Dr. Michael Norton. Her TED2019 talk on money and happiness was selected as one of the top 10 talks of the year by TED.
• CC Chris Courtney is the VP of Science at Happy Money. He utilizes his background in cognitive neuroscience, human-computer interaction, and machine learning to drive personalization and engagement in products designed to empower people to take control of their financial lives. His team is focused on creating innovative ways to provide more inclusionary financial services, while building tools to promote financial and psychological well-being and success.

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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.

Hello! Welcome to my Blog StudyParagraphs.co. My name is Angelina. I am a college professor. I love reading writing for kids students. This blog is full with valuable knowledge for all class students. Thank you for reading my articles.

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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 .

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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IELTS Essay: Shopping Habits & Age

by Dave | Real Past Tests | 5 Comments

This is an IELTS writing task 2 sample answer essay on the topic of shopping habits and age from the real IELTS exam.

Please consider supporting me on Patreon.com/howtodoielts to receive my exclusive IELTS Ebooks – you can even sign up for private live lessons with me!

IELTS Essay: Shopping Habits & Age

Shopping habits depend more on your age group than anything else.

To what extent do you agree or disagree?

Many would argue that an individual’s shopping habits depend more on age demographics than other factors. In my opinion, age is relevant in terms of a person’s tastes, however social class is a greater determiner.

Those who would argue in favor of age point out how a person’s preferences are largely fixed. The past several decades have witnessed seismic changes in culture, particularly related to technology. A person who grew up before the digital age is more inclined to spend money on books, holidays, furniture, and other non-digital items. The style of these items is also likely to be more traditional and less modern. However, someone under the age of 40, is more likely to spend on a new phone, electronic vehicle such as a Tesla, or clothing and furniture that is more modern and minimalist. These disparities widen when considering the youngest generations who are even more inclined to value the virtual world through purchases such as NFTs and cryptocurrencies.

However, for the majority of major purchases, wealth determines what a person can afford and therefore buy. This is evident for a variety of products ranging from food and wellness items to technology and fashion. For instance, most individuals would love to buy the newest smartphone when it is released, drive in a luxury car and shop for expensive and healthy organic products at the supermarket. However, one’s financial status will either allow a person to express these desires or force them to live frugally. The best evidence for this is the lack of discretion children show when it comes to shopping. They are uninhibited by financial concerns and therefore attempt to buy whatever they like.

In conclusion, despite the clear differences in taste present in individuals or different generations, financial flexibility is the clearest factor influencing a person’s shopping habits. This has been true for most of history and still remains the case today.

1. Many would argue that an individual’s shopping habits depend more on age demographics than other factors. 2. In my opinion, age is relevant in terms of a person’s tastes, however social class is a greater determiner.

• Paraphrase the overall essay topic.
• Write a clear opinion. Read more about introductions here .

1. Those who would argue in favor of age point out how a person’s preferences are largely fixed. 2. The past several decades have witnessed seismic changes in culture, particularly related to technology. 3. A person who grew up before the digital age is more inclined to spend money on books, holidays, furniture, and other non-digital items. 4. The style of these items is also likely to be more traditional and less modern. 5. However, someone under the age of 40, is more likely to spend on a new phone, electronic vehicle such as a Tesla, or clothing and furniture that is more modern and minimalist. 6. These disparities widen when considering the youngest generations who are even more inclined to value the virtual world through purchases such as NFTs and cryptocurrencies.

• Write a topic sentence with a clear main idea at the end.
• Explain your main idea.
• Develop it with specific or hypothetical examples.
• Keep developing it fully.

1. However, for the majority of major purchases, wealth determines what a person can afford and therefore buy. 2. This is evident for a variety of products ranging from food and wellness items to technology and fashion. 3. For instance, most individuals would love to buy the newest smartphone when it is released, drive in a luxury car and shop for expensive and healthy organic products at the supermarket. 4. However, one’s financial status will either allow a person to express these desires or force them to live frugally. 5. The best evidence for this is the lack of discretion children show when it comes to shopping. 6. They are uninhibited by financial concerns and therefore attempt to buy whatever they like.

• Write a new topic sentence with a new main idea at the end.
• Explain your new main idea.
• Include specific details and examples.
• Continue developing it…
• as fully as possible!

1. In conclusion, despite the clear differences in taste present in individuals or different generations, financial flexibility is the clearest factor influencing a person’s shopping habits. 2. This has been true for most of history and still remains the case today.

• Summarise your main ideas.
• Include a final thought. Read more about conclusions here .

What do the words in bold below mean? Make some notes on paper to aid memory and then check below.

Many would argue that an individual’s shopping habits depend more on age demographics than other factors . In my opinion, age is relevant in terms of a person’s tastes , however social class is a greater determiner .

Those who would argue in favor of age point out how a person’s preferences are largely fixed . The past several decades have witnessed seismic changes in culture, particularly related to technology . A person who grew up before the digital age is more inclined to spend money on books, holidays, furniture, and other non-digital items. The style of these items is also likely to be more traditional and less modern . However, someone under the age of 40, is more likely to spend on a new phone, electronic vehicle such as a Tesla, or clothing and furniture that is more modern and minimalist . These disparities widen when considering the youngest generations who are even more inclined to value the virtual world through purchases such as NFTs and cryptocurrencies .

However, for the majority of major purchases , wealth determines what a person can afford and therefore buy. This is evident for a variety of products ranging from food and wellness items to technology and fashion. For instance, most individuals would love to buy the newest smartphone when it is released , drive in a luxury car and shop for expensive and healthy organic products at the supermarket. However, one’s financial status will either allow a person to express these desires or force them to live frugally . The best evidence for this is the lack of discretion children show when it comes to shopping. They are uninhibited by financial concerns and therefore attempt to buy whatever they like.

In conclusion, despite the clear differences in taste present in individuals or different generations, financial flexibility is the clearest factor influencing a person’s shopping habits. This has been true for most of history and still remains the case today .

For extra practice, write an antonym (opposite word) on a piece of paper to help you remember the new vocabulary:

shopping habits what people usually buy

depend more on has more to do with

age demographics age groups, generations

factors elements

relevant important here

in terms of concerning

tastes what people like and dislike

social class how wealthy you are

greater determiner has more importance for

argue in favor of make the point to support

point out argue

preferences likes

largely fixed mostly don’t change

witnessed seismic changes undergone big alterations

particularly related to technology especially concerning science and tech

digital age computer age

inclined like to

non-digital not related to electronics

style your taste and preferences

traditional older style

modern more recent style

electronic vehicle cars like a Tesla that don’t run on gasoline

minimalist simple and refined

disparities widen differences get bigger

considering taking into account

youngest generations younger people

even more inclined moreso want to

value importance

virtual world online life

NFTs a form of online product (non-fungible tokens)

cryptocurrencies Bitcoin, Ethereum, etc.

majority most of

major purchases main things being bought

afford be able to buy

evident clear

variety lots of different kinds

ranging from … to including

wellness items products for your health

released published

luxury car nice automobiles

healthy organic products natural items

financial status how much money you have

express show yourself

desires what you want

frugally inexpensively

lack of discretion not inhibitions, concerns, holding back

uninhibited feeling free, not self-conscious

financial concerns money worries

attempt try to

despite nonetheless

clear differences basic divergences

present in living in

financial flexibility ability to buy things

clearest factor influencing main elements impacting

true for most of history the case in the past

remains the case today is still true now

Pronunciation

Practice saying the vocabulary below and use this tip about Google voice search :

ˈʃɒpɪŋ ˈhæbɪts   dɪˈpɛnd mɔːr ɒn   eɪʤ ˌdɛməˈgræfɪks   ˈfæktəz ˈrɛlɪvənt   ɪn tɜːmz ɒv   teɪsts ˈsəʊʃəl klɑːs   ˈgreɪtə dɪˈtɜːmɪnə ˈɑːgjuː ɪn ˈfeɪvər ɒv   pɔɪnt aʊt   ˈprɛfərənsɪz   ˈlɑːʤli fɪkst ˈwɪtnɪst ˈsaɪzmɪk ˈʧeɪnʤɪz   pəˈtɪkjʊləli rɪˈleɪtɪd tuː tɛkˈnɒləʤi ˈdɪʤɪtl eɪʤ   ɪnˈklaɪnd   nɒn-ˈdɪʤɪtl   staɪl   trəˈdɪʃənl   ˈmɒdən ɪlɛkˈtrɒnɪk ˈviːɪkl   ˈmɪnɪmlɪst dɪsˈpærɪtiz ˈwaɪdn   kənˈsɪdərɪŋ   ˈjʌŋɪst ˌʤɛnəˈreɪʃənz   ˈiːvən mɔːr ɪnˈklaɪnd   ˈvæljuː   ˈvɜːtjʊəl wɜːld   ɛn-ɛf-tiːz   kriptəʊ  ˈkʌrənsiz məˈʤɒrɪti   ˈmeɪʤə ˈpɜːʧəsɪz əˈfɔːd   ˈɛvɪdənt   vəˈraɪəti   ˈreɪnʤɪŋ frɒm  …  tuː   ˈwɛlnəs ˈaɪtəmz   rɪˈliːst ˈlʌkʃəri kɑː   ˈhɛlθi ɔːˈgænɪk ˈprɒdʌkts   faɪˈnænʃəl ˈsteɪtəs   ɪksˈprɛs   dɪˈzaɪəz   ˈfruːgəli læk ɒv dɪsˈkrɛʃən   ˌʌnɪnˈhɪbɪtɪd   faɪˈnænʃəl kənˈsɜːnz   əˈtɛmpt   dɪsˈpaɪt   klɪə ˈdɪfrənsɪz   ˈprɛznt ɪn   faɪˈnænʃəl ˌflɛksɪˈbɪlɪti   ˈklɪərɪst ˈfæktər ˈɪnflʊənsɪŋ   truː fɔː məʊst ɒv ˈhɪstəri   rɪˈmeɪnz ðə keɪs təˈdeɪ

Vocabulary Practice

I recommend getting a pencil and piece of paper because that aids memory. Then write down the missing vocabulary from my sample answer in your notebook:

Many would argue that an individual’s s___________________________________________________s than other f_____________s . In my opinion, age is r_______________________f a person’s t_______s , however s__________________s is a g____________________r .

Those who would a_______________f age p_____________t how a person’s p_____________s are l____________d . The past several decades have w_________________________s in culture, p__________________________y . A person who grew up before the d____________e is more i_____________d to spend money on books, holidays, furniture, and other n______________l items. The s________e of these items is also likely to be more t________________l and less m_________n . However, someone under the age of 40, is more likely to spend on a new phone, e_____________e such as a Tesla, or clothing and furniture that is more modern and m_________t . These d_____________________n when c__________________g the y______________________s who are e___________________d to v_______e the v________________d through purchases such as N_____s and c_____________________s .

However, for the m___________y of m_______________s , wealth determines what a person can a________d and therefore buy. This is e__________t for a v_________y of products r_______________m food and w______________s __o technology and fashion. For instance, most individuals would love to buy the newest smartphone when it is r_________d , drive in a l_________r and shop for expensive and h________________________s at the supermarket. However, one’s f_____________s will either allow a person to e_______s these d_________s or force them to live f__________y . The best evidence for this is the l_______________n children show when it comes to shopping. They are u_____________d by f___________________s and therefore a___________t to buy whatever they like.

In conclusion, d_________e the c________________s in taste p______________n individuals or different generations, f________________y is the c_______________________g a person’s shopping habits. This has been t______________________y and still r____________________y .

Listening Practice

Learn more about this topic by watching videos from The New York Times YouTube channel below and practice with these activities :

Speaking Practice

Practice with the following speaking questions from the real IELTS speaking exam :

• Which item do you buy the most?
• Do you care about the price when buying an item?
• What was the last thing you bought?
• Are good products always expensive?

Writing Practice

Practice with the related IELTS essay topic below:

Online shopping is becoming more common these days.

What effect could this have on the environment and the types of jobs required?

IELTS Writing Task 2 Sample Answer: Online Shopping (Real Past IELTS Test/Exam)

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A shopper’s age is the most important factor in defining their habits of shopping rather than any other factor. I do not concur with the above statement. Although a person’s age influences what they should purchase, financial status has a profound impact on the final purchase decision. This essay will elucidate points to support my perspective in the forthcoming paragraphs. ​

Age demographics are crucial in identifying the purchasing behaviours of customers. Marketing companies, therefore, target age specific audiences to sell products as per their characteristics. College students are usually buying things like books, smartphones, and junk food. Also, fashion clothes are popular among teenagers since they want to keep abreast of the latest trends. They always purchase new clothes when there is a discount or promotion going on. Likewise, middle-aged or family people might shop for furniture, baby products, and investment schemes. Because of this information, corporations are not only able to design their products but also market them accordingly to achieve an optimal sales level. 

Having said this, the amount of money people have makes people decide whether or not to buy things. If a person is not able to afford basic needs, then he may not want to buy items that are secondary in need. Having lots of wealth will enable people to buy anything they dream of, be it vacation packages or expensive medical treatments. On the other hand, impoverished people cannot purchase goods that are exorbitant or frequently indulge in paid activities offering pleasure or care, even though they want to. They normally do window shopping to satisfy their shopping urge or save for months prior to buying luxury products. Hence, only those with an ample sum of money can shop as per their desire.

In conclusion, while people’s age groups can help to categorize products that they may purchase, the amount of money available with them will ultimately determine the person’s shopping habits. Age is also an influential factor, but it is not more important than the purchasing power of a person.

There is a statement that shopping habits are related to age. In my opinion, age is not the most important reason for shopping habits. People with different economic conditions and sexes would buy different cargos when they are the same age.

The capacity of buying depends on the money that the buyer owns. People would have different preferences when they are in different economic conditions, instead of different ages. With different fortune, people would likely consider different issues. A rich person may only want to spend money and receive happiness, while a poor man needs to consider the expenditure of other parts of his life, such as food and electricity fees. For example, for those who are about 20 years old and need to buy a car, a rich person may want to buy a car with outstanding appearance and extraordinary power, like a super sports car. A poor man may want a comfortable car with low consumption of fuel.

The other issue that has a great influence on shopping habits is sex. It is clear that females and males generally have different preferences at the same age. The main reason may be because society assigns different personalities to boys and girls. Let us take the car as an example again. For kids who are choosing a toy car, a boy may want the bat man battle car, because it is powerful. On the contrary, a girl who is hoping to be a princess would likely prefer a pink and romantic car with a prince in it.

In sum, age does not have the most significant influence on shopping habits. People of the same age with different fortune and sexes would make different decisions when shopping. Moreover, shopping habits also relate to education and health conditions.

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Greater Good Science Center • Magazine • In Action • In Education

Can Money Buy Happiness? It Depends on Why You’re Spending It

Imagine that someone gives you a cash gift and tells you that, instead of saving or investing it, you need to spend it right now. What should you put your money toward if you want to make yourself happiest?

According to past research , we’ll be happier if we spend money on an experience than if we buy a material object—like traveling or going out for a meal instead of buying the latest product we see on social media. For example, people report more gratitude when they spend on experiences rather than possessions.

On the other hand, we can all probably think of times when we’ve spent money on an experience that ended up not being worth it. Maybe you bought pricey event tickets to avoid missing out, only to realize on the day of the event that you’d much prefer a cozy night at home. Or perhaps you went out to dinner with a friend at a fancy restaurant, only to find that your friend was more focused on posting the meal to Instagram than having a deep conversation.

It turns out that there might be another factor at play beyond whether we spend money on an experience or a material item: According to a new study published in the British Journal of Social Psychology , it may also matter how our purchases align with our goals.

In the study, researchers asked 452 participants in an online survey to describe a recent purchase. They were asked to write about something they had spent money on in the last three months (ranging from about $60 to $1,200), excluding everyday expenses such as bills and groceries. After describing it, people were asked to indicate the extent to which the purchase helped to fulfill different goals. They also noted how much they felt the purchase contributed to their happiness and life satisfaction.

According to self-determination theory , goals reflect our intrinsic and extrinsic motivations. Extrinsic goals are things that other people expect for us: for example, working hard at a job not because you’re passionate about the work, but because you need the money or want a high-status job to impress others. Intrinsic goals, on the other hand, are ones that we have a strong internal motivation to pursue. In the survey, extrinsic goals included gaining wealth or social status, whereas intrinsic ones included cultivating relationships, helping other people, and contributing to growth, learning, and development.

The researchers found that, the more a purchase reflected people’s intrinsic goals, the more they thought it improved their well-being. In other words, the greatest well-being occurred when people spent money on something that was personally important to them.

To compare this finding with past research, the current study also asked participants to indicate to what extent their purchase was an experience or a material item. As in past research, participants did report higher well-being from experiences. However, when the researchers looked at both factors together, they found that how much a purchase reflected intrinsic goals explained more of the differences in well-being than whether something was material or experiential.

So, what does this research mean for our spending habits? Olaya Moldes Andrés, lecturer at Cardiff University and the study’s author, points out that we’re under a lot of pressure to spend money these days; just think about the number of targeted ads you see each time you open social media. However, this pressure to spend has a downside: In past research , Moldes Andrés has found that people who are exposed to more materialistic messages have lower well-being.

Before purchasing something, she recommends pausing to think about the reason for our purchase, and what use we will get out of it. If we’re spending money on trying to impress people or project a certain image (in other words, extrinsic goals), the purchase may not actually be worth it.

So, next time you’re planning to buy something, take a moment to think about whether it’s something you’re buying because you feel it’s what’s expected of you—or whether it’s truly something that you want.

About the Author

Elizabeth Hopper

Elizabeth Hopper, Ph.D. , received her Ph.D. in psychology from UC Santa Barbara and currently works as a freelance science writer specializing in psychology and mental health.

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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.

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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Money Saving Methods for College Students Essay

• To find inspiration for your paper and overcome writer’s block
• As a source of information (ensure proper referencing)
• As a template for you assignment

Partying and Tours

Shopping techniques, works cited.

Managing funds in essential for any college student since the sources of funds are limited. Most college students depend on their parents’ financial assistance and student loan to cover their expenses in school. The following discussion analyzes various techniques that a college student can use to save money.

A budget is one of the methods that a college student can use to save money. A college student can plan for his or her expenditure by establishing what he or she needs for a particular period. A budget is useful since it prevents wastage of money on unnecessary or unplanned activities (Baird 109). One should observe the budget limits by developing financial management discipline. The discipline enables one to use what he or she has planned only. In the budget, one should indicate how much to save and the means of saving the money (Higgins 87). Keeping money in the room is not safe since it can be stolen and one may be tempted to use it. Hence, it is advisable to deposit the money in a bank where it is safer and less vulnerable to wastage. A student can also deposit his or her money in a fixed deposit account if he or she has a lot of money. A fixed deposit account enables one to access the funds deposited over a specific period set by the bank agreement signed (Creager 115). This is an effective money saving method since it prevents wastage.

The second strategy of saving money is reducing or avoiding school parties or events that encourage students to spend money. Almost every Friday there is a party at school, which affect students’ ability to save. One can decide to attend a specific number of parties per semester if he or she cannot do without the parties. This will limit the money spent partying at school and encourage saving (Creager 37). Due to young age and the need to belong to a certain age set, most students find themselves engaging in parties and school tours with their friends, which consumes a lot of their money (Higgins 125). They fail to recognize this due to their collective thinking that they are together in life.

The third method that college students can save money is by ensuring that they shop in areas where the price is low. Shopping is a necessity for any student since they have to buy personal items and other commodities such as food. College students should ensure that they shop in places where the price is low compared to other places near the school (Baird 76). Shopping is one of the major expenses for students since they have to buy commodities to sustain them in school. When shopping one should avoid impulse buying to reduce the money spent. Most of the shops or shopping malls display their goods to encourage impulse buying from the consumers (Higgins 44). This can be avoided by developing a shopping list before visiting the shopping malls to buy commodities to prevent purchasing of products that one does not need.

Saving money techniques are essential for college students since most of them do not have an income source. College students depend on others to cater for their expenses in school, hence the need to control the provided money usage. Students should watch their shopping habits, develop a budget, and control their partying to save money.

Baird, Craig. The Complete Guide to Personal Finance: For Teenagers . Ocala: Atlantic Pub. Group, 2009. Print.

Creager, Ed. The Money-Saving Idea Book: Inside Tips for Starving Students, Frugal Seniors and Every Financial Survivor . Lexington: New Year publishing, 2009. Print.

Higgins, Michelle. College Poor No More: 100 $avings Tips for College Students . Danville: New Year Publishing, 2015. Print.

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IvyPanda. (2020, June 10). Money Saving Methods for College Students. https://ivypanda.com/essays/money-saving-methods-for-college-students/

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IvyPanda . 2020. "Money Saving Methods for College Students." June 10, 2020. https://ivypanda.com/essays/money-saving-methods-for-college-students/.

1. IvyPanda . "Money Saving Methods for College Students." June 10, 2020. https://ivypanda.com/essays/money-saving-methods-for-college-students/.

Bibliography

IvyPanda . "Money Saving Methods for College Students." June 10, 2020. https://ivypanda.com/essays/money-saving-methods-for-college-students/.