We all know that money ,like knowledge, is power, giving its possessor the command of the services of others. It is desired by all and necessary to the maintenance of life. Money is regarded as talent like other talents possessed by some in greater expent than the others.
If a man has money,he can provide himself with the necessaries and it may be with the luxuries of life, but if he has no money,he can obtain neither.
Now here in this article I am going to explain the right use of money. Both rich and poor should formulate for themselves and follow certain rules to guide them in expenditure of money.
In the first place both extravagance and its opposite,persimony,should be avoided. It is wrong to spend large sum of money on dress, or on expensive amusements because it is misuse of the talent placed in our hands. We are to be stewards, disposing of our money for the benefit of others and not selfishly squandering it on our own pleasures. On the other hand we must keep ourselves from falling into the habit of haggling over every trifling purchase, and grudging the expenditure, however necessary , of the smallest sum. This habit leads to miserliness, which is selfishness ina nother form.
We should avoide these extremes and should not only take care of our own live with our own income but also if possible to lay by something for the future.
It is well to exercise a due amount of thrift, in order to have something to fall back upon in any emergency and something to live upon in old age.
With regard to loans, it would be well if more people follow the advice of Polonius to his son," Neither a borrower nor a lender be". Lending money often leads to extortion and oppression, and borrowing is neither very honourable nor very safe. In either case, there is always good deal of uncertainity as to whether the money will ever be repaid.
The good and honourable uses to which money may be put are many and varied but the underlying principle in all is the the same. We should also benefit others in the best possible way.