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Tips on How to Write an Essay About Money| Full Guide & Sample

Writing an essay about money is a recurring question in most high school exams. The examiner usually wants the students to simply outline their perspective on the role, importance, and power of money.

It is often said that Money is the answer to everything. Since the beginning of humanity, people have used money as a medium for the exchange of goods and services. We need money to pay for all the things that make our life possible, such as food, shelter, healthcare bills, and a good education. Without money, we can’t trade our labor for things that we value.

Money, according to Investopedia is defined as a medium of exchange; it allows people to obtain what they need to live. In this piece, we have shared the best tips on how to write an essay about money. Follow the guidelines, it will benefit you a lot!

How to Write an Essay About Money- Best Tips

Below are the guidelines on how to structure your essay about money in the most effective way.

  • Choose a topic sentence that states the main idea. E.g Money is a Universal Medium of Exchange
  • Write an introduction to provide context
  • Develop a point and explain; In your essay, elaborate on why money is so important
  • Narrow down your topic so your essay has a clear focus
  • Write a concluding sentence that restates your point.

Sample 1: Money is a Universal Medium of Exchange

In today’s society, nobody can live without money. Food, clothing, and many other things in life can hardly be bought without money. A poor person in a society is viewed as an enemy because of their poverty. However, rich and powerful people are perceived as decent and honest. Money can increase a person’s status in society and make them look good. To meet the ever-increasing demands of modernity, we all strive to get rich through a good job or a good deal. The reality is that very few people have the opportunity to become millionaires. Everything depends on money, whether rich or poor, urban or rural. Money enables us to trade our labor for a diverse set of goods and services. Since its creation, money has been used in various forms and continuously changes to best fit modern society. We no longer depend on other means of intrinsic value like gold coins and cocoa beans that were used in the past. In today’s society, we use paper currency.

Sample 2: Money is Power

Money gives you the power to pursue your dreams. If you have enough money, you can live where you want, take care of your needs, and pursue your hobbies. When you can become financially independent and have the financial means to live without a job, you enjoy even more freedom to do whatever you want with your time. With money, you can start a business, build your dream home, pay for the expenses of starting a family, or accomplish any other goal that you believe will help you lead a better life. When you have enough money in the bank, you never have to worry about having a roof over your head, enough to eat, or being able to see a doctor when you get sick. That doesn’t mean you can pay as much as you want, but you will be able to enjoy a stable middle-class life.

People die due to the lack of money and if they survive, without money, they face many troubles. Money enables us to buy all the necessary things and helps us throughout our life. Money cannot buy love but with money, you can show love. We need money in order for us to get a good personality which will also help build our self-confidence and improve our capabilities. Money is essential for healthy living. If we don’t have enough money to do so, our personal well-being and the well-being of the community as a whole suffer greatly.

You can learn about money by enrolling in a Finance degree: See our article on how to Get A PhD In Finance Online


Money plays a very important role in determining income, employment, proceeds corporation, general price level, etc. These essays explain the meaning, importance, and power of money in life. If we understand the role of money in life, then we will never misuse or abuse it.

Do you think Money is everything? Check out Money Isn’t Everything Quotes and learn more about Money.



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