How Payday Loans came into our Lives
Today, we have the option of payday loans to support us if we are need of money now. How did payday loans begin? How was money created? Years back, in a village named Phenice, a man needed some food to nourish his family, so he went to his neighbor and asked him if he had some. The neighbor did have some extra, but the only way he would let go of his extra food was to trade it for another good, or even trade it for a good that was coming, like a crop in spring. This was a sort of payday loan. You get what you need today and pay it back over time.
How Money came into our Lives
Our man didn’t like this way of trade, he considered it impractical and so he started to think how to improve it. Finally, he got a wonderful idea – people could use little pieces of metal. It was very handy, it took just a little space and you could always have it with you. Thus money was created.
How Money Grew
Since then, money has experienced a long evolution. Pieces of metal became different denominations; copper, tin, bronze, gold, silver, and paper money started to be used. Every country put their own symbol on their money. Step by step, each currency gained its own value.
Then there were big banks
Soon a big banking system was created. Nowadays, you can go anywhere with a small credit card made of plastic and you have no problem buying anything you want. But that’s not all; you can easily obtain a payday loan within a few hours by pushing a few buttons on your computer.
The Pros and Cons of Money
Not fitting "in" can be rough on a child
Although money has many pros, it also has many cons. Not only has it changed our lives, but also our personalities. Money has power. Let’s start with children. Many of them are under incredible pressure. They are often excluded of the collective only because their dress is not good enough, or because they don’t possess the modern toys. This is a big problem, because not every parent can give his or her child such acquisitions and thereafter their personality suffers from feelings of inferiority. Schoolmates can be really cruel, especially those who have anything that is “in”. This is the reason why it is very important to teach children what money is for and to explain to them that nobody should be judged because of the amount of money he spends.
Money Affect Young People
Another group that depends on money is young people. Their role is to become independent and to create their own family, which is absolutely impossible without money. But to earn it is not that easy. Finding a job is an exhausting task, especially when they are young and don’t have any work experience. Then, when they do find a job, it is often for minimum wage or part time. The situation is even harder if they have children to take care of. Although there is help with payday loans in case of an emergency, they are to be repaid, which can also be hard.
Money Affects the Middle Age
People in the middle age group used to have enough money to get by, but with the changes in the economy, that too has changed. And, if they are doing well, they still have to help their children. Also, they are trying to save as much money as possible so that their future is secure. There are tough times even for middle aged people and a short term emergency threatens their budget. Many middle aged people obtain payday loans. In spite of this, I think this age is usually the best. Most at this age have a steady job. Many travel and focus on hobbies.
Money and Retirement
But then finances become a real problem as you get older, in so many cases. You retire, and so you depend on others, on your children, on the money you saved, on Social Security, on your retirement or on the state. You may not be able to spend money on any extras.
The Power of Money
Money has such an influence on some people, that they really sacrifice all their lives to it. They become blind to everything but earning more. Their whole focus is how to become even richer.
In my opinion, to be rich doesn’t mean to be happy. Many poor families are the happiest people in the world. This is because they have values like mutual understanding, love, and family. Material things do not have the importance that money has to others. It may also be because they can appreciate the real value of money, which is something very relative.
Money in Today’s World
Not everybody earns his living that honest way. We live in a world of capitalism, which is full of people, who want to be rich, sometimes doing thing besides hard work. Some falsify bank bills, steal, and manipulate bank accounts for the sake of money. An honest man works hard and takes the help of payday loans to meet his emergency needs when needed.
it is not the pay day loans that are the problem is is like any other tool…it is how it is use that can be either advantagous or dangerous. The training or lack of it starts at home.
thank you
Money – it has everything to do with the way of life in this world, and it is a sad unfortunate truth. In America, so much status is tied to it and it is getting out of hand. How else could we have wound up with the Wall Street collapse? SO much of their investments were tied into unsafe securities, but the going assumption was that they would make a lot of money on the short term and make it look like they had a lot of cash. Now the tax payers are footing their bills.