Introduction
Money is everything. Others call it a sense that perhaps comes after the normal five senses. You can never do most of the things without money. Every service is payable whether directly or indirectly, the fact remains money serves everything. Others call it a devil, because it comes and disappears while others adore it due to its ability to perform much. But, how is it spent? Let’s therefore embark on the topic, how money is spend. To be more precise, let us look at how money world is spent.
to save
Truth be told, assigning money for its specific purposes could be tricky but all in all it just have to happen and perhaps the need for its accountability has to be there always.
Just to begin with the reproductive health sector and care at large, over 10 billion us dollars are set apart and used in most developing countries in the world a year. Remember, the money is used alongside the current expenditures. The other sensitive sector that perhaps is of concern is, water and sanitation. This sector is sensitive yes, water is life remember. This is why, in developing countries, money worth 9 billion dollars are set aside to cater for this.
Focusing on the United States as a developed country, it is noted that, money worth 8 billion is set apart for the expenditure on cosmetics. In Europe and the United States combined spent a maximum of 12 billion dollars on perfumes. Back to the developing countries, 13 billion dollars are meant for the purpose of catering for the basic needs of health and other nutritional needs.
Back again to Europe and the united states in the category of the developed countries, 17 billion dollars are set apart to cater for pet foods. Remember, this is an annual ratio. Basic education in the developing countries is taken care of by 6 billion dollars.
In the world as a whole, 780 billion dollars are set aside perhaps to cater for the militaries. Worldwide means, inclusive of both developed and the developing countries. Amazingly, the combined wealth of the rich people in the world is represented by 1 trillion as per only 225 individuals. On the other hand, the combined amount of income for the 2.5 poorest people in the world sum up to 1 trillion dollars per year.
Also
The world expenditure has been explored. The question that we remain with is, what about on individual count? Supposing everyone was given to account for his or her expenditure a year, could it be really possible? Truth is told what dictates how money is spent is the possibility of getting the money again.
For instance
For instance, if an individual consistently earns 100 shillings a day, he or she can use 50 shillings per day because he or she is assured of getting again the next day. And just in case the money fails to be there, the other 50 shillings that could be saved caters for that day. Money well spent means spending but leaving some coin in your pocket for tomorrow.
