Personal Savings and Insurance Essay Example | Topics and Well Written Essays - 1250 words

Personal Savings and Insurance - Essay Example at the very primitive reason behind an individual’s or a family’s savings is financial security which guarantees safety for the basic necessities for living. There is also a need of financial security for unexpected emergencies, illness or unemployment. This trend of saving for safety needs is very evident in families with income which is neither very large nor very small. Families with large income do not need to save for safety needs and families with small income do not have any extra sums to save for safety needs. Individuals with smaller families prefer to save money for improving their lifestyles and like to spend on luxury items like vacation trips, nicer car and purchasing property. This trend is observed in people having no children. These luxury items tend to change the lifestyle of the individuals as a whole and give a substantial return to the individuals for their savings according to their perspective. This tendency is present in all individuals but is mostly observed in family heads with larger incomes. Such individuals give priority to saving money for their relationships and consider saving for children’s education, gifts for relatives etc their responsibility. When the individuals have fulfilled all the basic and primitive needs of their life, they move forward towards the higher objectives and for the fulfillment of those higher objectives they require savings. This trend is observed in older people with comparatively larger incomes who want to spend their money in charity and some of them also want to set up businesses of their own. The tendency is to achieve the goals which they set up for themselves at earlier ages of their lives. 6. The improving economic conditions nationally and internationally and recovery from recession is encouraging people to spend more and save a smaller proportion of the income because the economy is doing very well and they can rely on their spending and previous investments for financials security. 8.

Online vs. traditional classes Essay Example | Topics and Well Written Essays - 500 words - 1

Online vs. traditional classes - Essay Example According to Parker, around 77% of the universities they surveyed were offering at least some form of online courses (Parker 1). Online classes have several benefits to offer as compared to traditional classes. These benefits include: increased accessibility, decrease in educational gap and ease of gaining education. Online education has increased the accessibility of education. When only traditional classroom style education was available a lot of individuals used to fail to get themselves enrolled in universities that they always wanted to. This was because these educational institutes had limited amount of seats available and because several individuals did not have the funding required to attend classes in these educational institutes. Online education does not require seats and does not require an individual to be physically available in a setting to gain education. Due to this people have started gaining online education in universities of their choice at a lower cost. Online education has even helped in decreasing the educational gap. The problem with traditional classroom education was that it was only accessible for those who belonged to families who can afford to get their children enrolled in the best universities by paying for their travelling costs and tuition fee. Due to this people living in developing nations and poorer regions of the world used to fail to gain education in the best universities around the world. This led to an increase in the gap between quality and quantity of education being obtained by rich and the poor. Online education is quite inexpensive and does not need huge amount of funds for travelling from one region to another and this enables the poor to attain education thus leading to a decrease in the gap of quality and quantity of education being obtained by rich and poor. Online education provides students with the ease of gaining education. Adults who work used to fail to gain education in physical classroom because