Why Money Is Important in Your Life! At some point in your life, you’ve probably heard someone say they don’t care about money; you may have even said that yourself. While this sentiment sounds nice in theory, the reality is—for better or worse—that you shouldn’t underestimate the importance of money. Money can’t buy happiness, but it can buy security and safety for you and your loved ones. Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education. You don’t necessarily need to be Bill Gates or have a lot of money to pay for these things, but you will need some money until the day you die. Because money is necessary for obtaining the goods and services you need to survive, an understanding of personal finance is essential. You must be responsible with the money you earn and save money for the future when you can no longer trade your labor for money. The sooner you start saving your money, the more likely it is that you’ll never face a lack of money or financial stress. In fact, if you save enough and invest wisely, you could even become financially free—which happens when you have enough money to live on for the rest of your life. Money is a universal medium of exchange One reason so many people profess not to care about money is that the love of money has been described as “the root of all evil.” It’s true, materialistic people can let an obsession with money drive them to do bad things for their own financial gain. But in reality, money is nothing more than a medium of exchange.