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Essay on Importance of Saving Money

Money does not grow on trees. It takes work and effort to make enough money to live day-to-day expenses. If you want extra spending cash, then you’ll have to learn how to get it the right way. Money problems are too common in this day and age which means that you will need to learn how to save money .

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Essay on Importance of Saving Money for Students

People often fail to realize the importance of saving money. They think that they will get enough time in their lives to save and invest their money for future use. But according to me, it is better we start investing our money from an early age itself because we can see a glimpse of inflation when we are in our teens.

Inflation has been increasing year by year. If the inflation is there then it should be checked by putting some of our money in the bank rather than spending them on useless stuff which may not have worth in future.

When we are young, parents or elder people teach us to save or put some money for future use . People often think that its better to invest money in business so that they can earn more money.

But first of all a person should try to save as much as possible because if we have money saved in bank no one can take it away from us . Even the Government cannot take our hard earned money from us. So people should start saving as early as possible.

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Saving money is not as difficult as you think. In fact, it can be easy once you decide what your needs and wants are. You also have to figure out where your money goes and find ways of saving money daily. For example: Do you go out with friends frequently?

Then, one of your wants would be going to a bar or restaurant with friends. Perhaps, you can cut down on spending money by inviting them over for dinner.

Don’t let the fact that saving money takes time stop you from doing it. Money doesn’t have to be saved in a bank either. Use calculators online and determine how much you can save each day. Once you reach your savings goal, put the money in a safe place like under the mattress or in an old shoe. You don’t want to lose it or spend it all at one go.

One of the best ways to save money would be by creating a budget plan . It will help you see where your money goes and where you can cut down on spending. You can even use budgeting apps to track your expenses and learn how much money is spent per week. This will allow you to see your progress as well as keep a close eye on what money is going out and coming in each week or month.

After you cut down on spending, you can learn how to save money on gas and transportation . This will help you get more mileage out of your car which means more savings for you. You will also need to learn ways of saving money at home such as using coupons when shopping or making food from scratch instead of buying it.

Saving money is a skill that takes time and effort. However, it is a skill that you will need to learn even as an adult. It is one of those skills that can make all the difference in the world when it comes to your financial future and well-being .

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Saving money is important because it allows you to build wealth . Wealth, in turn, helps you make more money. Saving provides a cushion for emergencies that come up with regularity. And finally, saving money is one of the factors that determines how wealthy you are or will become.

Essay on advantages of Saving Money:

Saving money is a skill that every student should learn. It may seem difficult at first, especially with the many expenses that come with being a student, but it’s a habit that will benefit you in the long run. In this essay, we will discuss the advantages of saving money for students.

Firstly, saving money teaches students financial responsibility. As young adults, it’s important to learn how to manage money and make smart financial decisions. By saving money, students become more aware of their spending habits and learn to prioritize their needs over wants. This skill will prove valuable in the future when they start earning and have more financial responsibilities.

Moreover, saving money can lead to financial security. As students, we all know how unpredictable life can be. Unexpected expenses can arise at any moment, be it a medical emergency or an urgent trip home. By having savings, students are prepared for such situations and won’t have to rely on others for financial help. This sense of security can bring peace of mind and reduce stress levels.

Another benefit of saving money is the ability to achieve long-term goals. As a student, you may have dreams of traveling, buying a car, or owning a home. These goals may seem out of reach, but by saving money consistently, you can make them a reality. It’s important to set aside a portion of your income for savings and watch it grow over time. This will give you the financial freedom to pursue your dreams and aspirations without having to worry about the cost.

Saving money also allows students to have a safety net in case of unforeseen circumstances. Life can throw unexpected challenges our way, and having savings can provide a buffer during tough times. Whether it’s losing a job or facing a sudden financial setback, having an emergency fund can help you get through the difficult situation without falling into debt.

Lastly, saving money instills discipline and patience in students. In today’s fast-paced world, instant gratification is the norm. However, by saving money, students learn to delay gratification and work towards a long-term goal. This discipline and patience can also extend to other areas of life, such as academic pursuits and personal relationships.

Essay on Importance of Saving Money For Students:

Saving money is a crucial aspect of our lives, and students are no exception. It may seem like a daunting task for students to save money while juggling their studies and other expenses. However, it is essential for students to understand the importance of saving money and learn how to manage their finances early on.

Firstly, saving money helps in building financial stability. With the rising cost of education and living expenses, students often find themselves in a financial crunch. By saving a percentage of their income or allowance regularly, students can create a reserve fund that can be used during emergencies or for future investments.

Moreover, learning to save money teaches students the value of budgeting and spending wisely. It encourages them to differentiate between their needs and wants and prioritize their expenses accordingly. This skill is crucial in the long run, as it helps students become financially responsible adults.

Saving money also allows students to pursue their dreams and aspirations without being hindered by financial constraints. Many students have big goals, such as studying abroad or starting a business, but they often give up on them due to lack of funds. By saving money, students can make these dreams a reality.

Another significant advantage of saving money is that it instills a sense of security and independence in students. It gives them the freedom to make their own financial decisions and not rely on others for financial assistance.

In conclusion, saving money is crucial for students as it not only helps in building financial stability but also teaches valuable life skills. By encouraging students to save money, we are setting them up for a financially secure and independent future. So, let’s start cultivating the habit of saving money in students from an early age.

Essay on Pocket Money, Advantages and disadvantages:

Pocket money, otherwise known as allowance, is a small amount of money that is given to children by their parents on a regular basis. The purpose of pocket money is to teach children the value of money and how to manage it responsibly.

There are several advantages of giving pocket money to children. Firstly, it helps them develop financial literacy skills at an early age. By receiving allowance, children learn the concept of budgeting and saving, which are essential skills for managing their finances in the future.

Secondly, it gives them a sense of independence and responsibility as they have to make decisions on how to spend their money wisely. This also helps in building their confidence and decision-making abilities.

On the other hand, there are some disadvantages of giving pocket money to children. One of the main concerns is that it may lead to overspending and wastage of money. It is important for parents to set guidelines and limitations on how much pocket money should be spent in a week or month.

Another disadvantage is that children may become materialistic and start valuing money over other important things in life such as relationships, education, and experiences.

In conclusion, pocket money has both advantages and disadvantages. It is important for parents to strike a balance by providing enough allowance to teach their children financial management skills while also setting boundaries to avoid any negative consequences. So, it can be said that pocket money is a useful tool in teaching children about the value of money and preparing them for their future financial responsibilities.

Why do we need to save money:

1. To Prepare for Emergency Situations

Saving money is crucial because life can be unpredictable. Emergencies such as medical bills, job loss, or unexpected home repairs can strike without warning. If you don’t have any savings to fall back on, you may find yourself in a difficult and stressful situation. Having some money set aside can provide peace of mind and help you navigate through tough times.

2. To Achieve Financial Goals

Whether you dream of buying a new home, traveling the world, or starting your own business, saving money is necessary to achieve your financial goals. Without savings, it will be challenging to make these dreams a reality. Saving money allows you to have the funds available when opportunities arise and gives you the freedom to pursue your passions.

3. To Create a Safety Net for Retirement

Retirement may seem far away, but it’s never too early to start saving for it. The earlier you begin to save, the more time your money has to grow through compound interest. By saving money now, you are setting yourself up for a comfortable retirement where you won’t have to worry about financial constraints.

4. To Build Wealth and Financial Stability

Saving money doesn’t just help with short-term goals; it also plays a critical role in long-term wealth-building. By saving regularly, you can accumulate a significant amount of money over time. This financial stability will provide security and freedom for you and your family in the future.

5. To Avoid Debt

Many people fall into debt because they live beyond their means and don’t save for unexpected expenses. By saving money, you can avoid taking on high-interest loans or using credit cards to cover emergencies. Instead of owing money, you will have the funds readily available to handle any financial curveballs that come your way.

So, there you have it – five essential reasons why we need to save money. It’s never too late to start, and every little bit counts. Whether you begin by setting aside a small percentage of your income each month or cutting back on unnecessary expenses, saving money will benefit you in so many ways

Short Essay on Importance of saving money for future:

We all know that saving money is important for our future. But why exactly is it so important? Well, firstly, saving money allows us to have a financial cushion in case of emergencies or unexpected expenses. It gives us a sense of security and helps us avoid getting into debt.

Moreover, saving money also allows us to achieve our long-term goals and aspirations. Whether it’s buying a house, starting a business or traveling the world, having saved money will make it more feasible and less stressful.

Another important aspect of saving money is that it helps us develop good financial habits. By setting aside a portion of our income regularly, we become more disciplined with our finances and learn to budget effectively. This can lead to better financial management and ultimately, financial stability.

Saving money also gives us a sense of freedom and independence. It allows us to make choices without being limited by our financial situation. We can pursue opportunities that require some financial investment, like further education or investing in stocks, without worrying about the immediate impact on our daily expenses.

Lastly, saving money also ensures a better future for ourselves and our loved ones. It provides a safety net during retirement or in case of illness. It also allows us to leave behind an inheritance for our children or donate to causes we care about.

In conclusion, saving money may seem like a small and insignificant action, but it has far-reaching benefits for our present and future selves. It’s never too early to start saving, so let’s all make it a priority

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Q: What is the importance of saving money?

A: Saving money is important for financial security, achieving goals, and handling unexpected expenses.

Q: Why is it important for students to save money?

A: It teaches financial responsibility, helps in emergencies, and enables students to plan for their future.

Q: What are 5 benefits of saving money?

A: Benefits of saving money include financial security, achieving goals, reduced stress, the ability to invest, and independence.

Q: What is the most important way to save money?

A: The most important way to save money is to create a budget and consistently track and control your spending.

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Home — Essay Samples — Economics — Money — Saving Money: Approaches and Importance

Saving Money: Approaches and Importance

• Categories: Money

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Words: 714 |

Published: Sep 5, 2023

Words: 714 | Pages: 2 | 4 min read

Table of contents

1. approaches to saving money, 2. the importance of saving money, 3. balancing saving and spending, 4. cultivating a savings mindset, conclusion: a secure and fulfilling future.

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• Budgeting & Savings

Why Saving Money is Important

Amy Fontinelle has more than 15 years of experience covering personal finance, corporate finance and investing.

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom.

If you don’t earn much and you can barely pay your bills, the idea of saving money might seem laughable. When you only have $5 left at the end of the month, why even bother to try saving? Because everyone has to start somewhere, and if you work at it, your financial situation is likely to improve over time. Saving money is worth the effort. It gives you peace of mind, it gives you options, and the more you save, the easier it becomes to accumulate additional savings.

Peace of Mind

Who hasn’t lain awake at 3:00 a.m. wondering how they were going to afford something they needed? If money is really tight, you might be wondering how you’re going to pay the rent next week. If you’re a little further up the financial ladder, you might be worried about how many months you could pay the bills  if you lost your job. Later in life, the money thoughts that keep you up at night might center around paying for your kids to go to college or having enough money to retire.

As you accumulate savings, your financial worries should diminish, as long as you’re living within your means . If you already have next month’s rent taken care of by the first week of the current month, if you know you can get by without work for three to six months, if you have savings accounts for your children’s education and your own retirement that you’re regularly funding, you’ll sleep better at night. The reduced stress from having money in the bank frees up your energy for more enjoyable thoughts and activities. Finding the best savings account is key to making sure that the money that you do put away earns you the highest interest.

Expanded Options

The more money you have saved, the more you control your own destiny. If your job has you on the verge of a nervous breakdown, you can quit, even if you don’t have a new job lined up yet, and take time off to restore your sanity before you look for new employment. If you’re tired of living in an unsafe neighborhood, you can move to a safer area because you’ll have enough for a deposit on a better apartment or a down payment on a nicer home .

If you get sick and need expensive healthcare that your insurance doesn’t cover, you’ll have a way to pay for it even though you can’t work while you’re getting treatment. And knowing that you have options because of the money you’ve socked away can give you even more peace of mind.

No, money doesn’t solve every problem. If you are laid off, it might take as long as two years to find a new job. Some illnesses won’t go away no matter how many procedures you can afford, and random crime can happen even in a supposedly secure, gated community. But with more money in the bank to deal with issues like these, you give yourself better odds of coming out on top.

Money Working for You

Most of us put in hundreds of hours of work each year to earn most of our money. But when you have savings and stash your funds in the right places , your money starts to work for you. Over time, you’ll need to work less and less as your money works more and more, and eventually, you might be able to stop working altogether.

What does it mean to have your money working for you ? When you’re first starting to save, you’ll want to put your money somewhere safe, where you can access it right away for unforeseen expenses. That means an online savings account, where you might earn 1% interest annually and not even keep up with inflation , which tends to run around 1% to 2% per year. You’ll even have to pay taxes on your meager 1% earnings. Anything is better than earning 0%, though, or not having savings and going into credit card debt , which will cost you 10% to 30% in interest per year.

Once you’ve saved three to six months’ worth of expenses in your emergency fund , you can start saving money in a tax-advantaged retirement account. That’s where the magic starts to happen. These accounts, such as a Roth IRA or 401(k), allow you to invest in the stock market. You won’t pay any taxes on those investment gains along the way, which will help your money grow even faster. With a Roth IRA, you contribute after-tax dollars, and everything that’s in the account after that is yours to keep. With a 401(k), you get to contribute before-tax dollars, giving you more money to invest upfront; you’ll pay taxes when you withdraw the money in retirement. (If you’re not sure whether it’s better to pay taxes now or later, you can hedge your bets and contribute to both your employer-sponsored retirement plan and a Roth IRA.) The third choice, a traditional IRA, allows you to contribute before-tax dollars as you do with a 401(k).

If you have a high income and low expenses, you might accumulate enough to retire in 10 years. For most people, it takes closer to 40 years. But at some point, if you save and invest regularly, you should be able to live off the income generated by your investments—the saved money that’s working for you. The earlier you start, the more time a small amount of money has to grow large through the miracle of compounding .

The Bottom Line

Saving money is incredibly important. It gives you peace of mind, expands your options for decisions that have a major effect on your quality of life , and eventually gives you the option to retire. Most people who are wealthy got there through a combination of their own hard work and smart savings and investment decisions. You can become one of those people, too.

U.S. Bureau of Labor Statistics. " Inflation Rates ."

Internal Revenue Service (IRS). " Topic No. 403 Interest Received ."

Consumer Financial Protection Bureau. " The Consumer Credit Card Market ," Page 57.

Internal Revenue Service. " Roth Comparison Chart ."

Internal Revenue Service. " Traditional IRAs ."

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The Importance of Saving Money for Students

Table of contents, building financial resilience, advantages of financial literacy, strategies for student savers, lifelong impact of prudent financial management, references:.

• Fernandes, D., Lynch Jr, J. G., & Netemeyer, R. G. (2014). Financial literacy, financial education, and downstream financial behaviors. Management Science, 60(8), 1861-1883.
• Grable, J. E., & Lytton, R. H. (1999). Financial risk tolerance revisited: The development of a risk assessment instrument. Financial Services Review, 8(3), 163-181.
• Levine, J., & Nidiffer, J. (1996). Encouraging student responsibility for learning. In Teaching at Its Best (pp. 161-172). Anker Publishing Company.
• Mandell, L. (2008). Financial literacy of high school students. In Financial Literacy (pp. 89-108). Springer.
• Tam, M., Chan, R., & Morris, M. W. (2015). Building financial literacy: A comparison of two approaches to teaching financial literacy to university students. Journal of Family and Economic Issues, 36(2), 231-242.

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The Importance of Saving

Updated 23 March 2023

Subject Learning

Downloads 58

Category Education ,  Family

Topic Father ,  Grandparent ,  Reading

I kept reading the description of this subject since I knew I would struggle with it. My parents seldom ever discussed their upbringing. They hardly ever discussed their early-life parenting practices. It's difficult for me to draw comparisons between their upbringing and that of my grandparents. My parents, who were both very young when I was born, did the best they could. It was never discussed with me, and I never had any interest in it. I'm limited to talking about my experiences as a father and the experiences I had growing up with them as parents. One thing I can say is definitely a big difference between my upbringing and my kid’s upbringing is that we talk about money. Growing up, money was never really a topic of discussion. The importance of saving money for emergencies and purchases was never a subject of discussion. Family vacations, Christmas and cars were all placed on credit cards. I knew nothing about budgeting growing up. If I wanted something, I got it. I didn’t really know how, but I knew I was going to get it. I followed the trend an when I turned 18, I got my first credit card. I thought this is normal and everyone has a credit card. My family had tons of them and used them for everything. Then I got a car note, and of course, student loans. Now that I’m married with kids I talked to them about the importance of saving for emergencies and budgeting. It took my wife and me years to pay off our debts and we want to ensure our kids don’t follow the same mistakes we made growing up. We have monthly budget meetings where we go over what money we have going in and what’s going out. If someone has an expense like soccer camp, school clothes and new glasses, we then add it to the budget. We forecast for vacations and have saving goals to ensure we stay on track for paying cash for them. It is one of the biggest contrast between my upbringing and the way our kids are being raised. We openly talk about money with our kids. I don’t really know why money was never discussed in our household growing up. But, what I know now is that living within your means is something that’s very important to us. Everyone wants nice stuff, but sometimes, we have to save for it. It is not something a teenager wants to hear, but we hope, these lessons will be passed on to the next generation.

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Essay On Saving Money For Students

In this essay, we will discuss the importance of saving money and some useful tips to save money efficiently.

Essay About Saving Money

Introduction:

Money is an essential commodity that is required for daily survival. It helps to fulfill our basic needs and wants, but we cannot deny the fact that managing money can be quite challenging. Many people struggle to save money and end up spending more than they earn. Saving money is an important habit that should be cultivated from a young age. In this essay, we will discuss the importance of saving money and some useful tips to save money efficiently.

Importance of Saving Money:

Saving money is important for several reasons. Firstly, it helps to create a financial safety net. It ensures that we have money in case of emergencies like medical emergencies, unexpected home repairs, or job loss. Secondly, saving money can help us achieve our long-term goals like buying a house, car, or going on a vacation. It is essential to have a savings plan in place to accomplish these goals. Lastly, saving money can provide financial stability and reduce financial stress.

Useful Tips to Save Money:

Here are some useful tips that can help you save money:

• Create a budget: Creating a budget is the first step towards saving money. A budget helps you track your income and expenses, and it enables you to identify areas where you can cut down your expenses.
• Set a savings goal: Setting a savings goal helps you stay motivated and focused. It can be a short-term goal like saving for a vacation or a long-term goal like saving for retirement.
• Avoid unnecessary expenses: Avoiding unnecessary expenses is crucial when it comes to saving money. Evaluate your expenses regularly and eliminate anything that is not necessary.
• Shop smartly: Shopping smartly is an excellent way to save money. Look for deals, use coupons, and compare prices before making a purchase.
• Save automatically: Saving automatically is an excellent way to ensure that you save money consistently. You can set up automatic transfers from your checking account to your savings account.

Conclusion:

Saving money is not an easy task, but it is crucial for financial stability and achieving long-term goals. By following the tips mentioned above and cultivating good financial habits, you can save money efficiently. Remember, it’s never too late to start saving, so start today and secure your financial future.

Hello! Welcome to my Blog StudyParagraphs.co. My name is Angelina. I am a college professor. I love reading writing for kids students. This blog is full with valuable knowledge for all class students. Thank you for reading my articles.

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Student Essay: Saving for Retirement: ‘Time Is on Our Side’

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Rohit R. is a junior at Ridge High School in Basking Ridge, N.J. Roy responded to KWHS’s recent outreach for student essays with a pitch about the importance of saving for retirement, a topic that is not typically top-of-mind for 16-year-olds. After all, when you’re a teenager – retirement just seems so far away. But, as Roy points out, starting early can make a huge difference. And considering 46% of all American workers have less than $10,000 saved for retirement and 29% have less than $1,000 saved, it’s never too early to start thinking about your nest egg. In this essay, Roy helps us understand why.

Both my parents are computer engineers. My father Jaideep is vice president of information technology at HSBC, a global financial services firm, and my mother Anu is a senior IT professional at Verizon Wireless. I often hear my parents discuss their retirement plans and the likelihood that they are not saving enough for the days when they are no longer earning income from their jobs. They worry about not being able to pay for housing, transportation, medical care and other basic living expenses after they retire. Additionally, they want to travel, play golf and eat out, but are anxious that they won’t be able to afford the good life. They often lament the fact that they did not start to save for retirement earlier in their careers. My parents tell me a lot of things (sound familiar?), but they especially tell me not to make their same retirement-planning mistakes.

Retirement Savings Shortfall

Medical advances and today’s healthier lifestyles mean that we are likely to live longer than ever before. According to some estimates, millennials are expected to live beyond 90 years of age. Considering the average retirement age in America is around 60, most of us will need to save enough money to live for another 30 years or more after we stop working in our full-time careers.

A recent study by the National Institute on Retirement Security estimates the overall U.S. retirement savings deficit or shortfall to be between $6.8 trillion and $14 trillion.

And according to a recent research report by Vanguard, saving for retirement is lowest among employees who are younger than 25. Only about 50% of employees younger than 25 saved for retirement in 2015, while about 70% of employees between ages 35 and 64 took advantage of employer retirement plans to put money away for retirement. My biggest takeaway from all the numbers: most young Americans don’t start saving early enough.

In addition to employees not saving for retirement, opportunities for other income streams are also fading. Most companies in today’s business world have stopped offering traditional pension plans where the employer provides money after retirement. Additionally, the Social Security Trust Fund — Government-provided Social Security for older Americans — is severely underfunded and is expected to run out by around 2033. As teenagers, we can’t depend on these previous sources of income to provide financial security in our old age. It is up to us to save enough money for our golden years.

The best time to start thinking about saving for retirement is when you start generating income, especially as you begin your career. My parents have saved money in two popular retirement plans called the 401(k) retirement plan and the Individual Retirement Account ( IRA ).

A 401(k) retirement plan allows employees to deduct money from their salaries and to contribute that money to their own 401(k) retirement account. The benefit is that these deductions are not subject to federal and state income taxes. For example, last year my parents contributed $36,000 ($18,000 each) to their 401(k) retirement accounts, enabling them to save more than $14,000 in income taxes. Another benefit is that this money is pre-committed, meaning you don’t physically have to save it yourself — once you specify the amount and set it up through your employer, the money automatically deducts from each paycheck that you receive and is invested through the 401(k).

Most employers also provide an added incentive for employees to save using 401(k) accounts by matching their contributions. This essentially means that employers are giving you free money to save for retirement. So, once you enter the work world take full advantage of it! My parents, for example, received more than $12,000 last year in matching contributions from their employers! One thing to keep in mind is that the Internal Revenue Service (IRS) does limit the amount that can be contributed to a 401(k) plan. The 2016 limit is $18,000.

The money contributed to a 401(k) plan can usually be invested in financial instruments such as mutual funds. Mutual funds are financial products that invest in collections of stocks and/or bonds and offer higher rates of return. Thus, the tax-free money saved in a 401(k) account has the opportunity to grow over a period of time.

You can start taking money out of the 401(k) plan after you reach 59½ years of age. You will be hit with a 10% penalty if you try to take the money out sooner. This, of course, is to ensure that we are forced to save for retirement and do not raid our retirement accounts for frivolous activities. Once we start withdrawing money during retirement, that money is then subject to federal and state income taxes. Since we will not typically have other income during retirement, the taxes that we will have to pay will be significantly lower than what we will have to pay while working.

An IRA is very similar to a 401(k) retirement plan. An IRA offers tax-deferred growth on retirement savings and is not to be taxed until the money is withdrawn. While the opportunity to contribute to a 401(k) plan is restricted to people employed by companies that offer such plans, anyone can contribute to an IRA as long as he/she is less than 70½ years of age. The maximum amount that can be contributed to an IRA is limited to $5,500 for 2016.

Multi-millions in Your Future?

I feel that saving for retirement is crucially important for my future happiness, and I plan to save for retirement as soon as I start earning income. Time is on our side. High school students can even contribute to an IRA to the extent that you have earned income – so if you have a real job and are reporting your income on a tax form, you can start saving for retirement now. Talk with your parents or guardians, and research your options. If you’re not yet 18, you will have to open a custodial account, meaning your parents must co-sign. But the advantages of even starting a few years before college can really add up.

If you’re still not convinced, consider the following reality check. If you save at least $12,000 per year from the age of 21 and get just a modest 5% return on your invested savings, then you will have more than $2 million saved in your retirement account by the time you’re 67. It’s all about planning for your financial security – and a well-deserved trip or two to Hawaii. Hope to see you on the beach in a few decades!

Related Links

• Forbes: Fund a Teenager’s Million-dollar Retirement
• NYT: Summer Job? Time to Start a Roth IRA
• NYT: Getting Workers to Save More For Retirement
• Bankrate.com: IRA Accounts for Novices
• Should Young Investors Choose a Traditional IRA or a Roth IRA?
• The Washington Post: Running Out of Money in Retirement

Conversation Starters

Rohit says that his parents “often lament the fact that they did not start to save for retirement earlier in their careers.” Essentially, they feel they wasted valuable time. Why? What is the value in investing sooner in life?

Have you ever thought about retirement savings? Do your parents or guardians save for the day they will stop working? Go home and have a conversation with your parents, grandparents, aunts and uncles about retirement. Write down three or four key takeaways from your discussions and share them with the class.

The statistics for saving early for retirement are really compelling. And yet, the data show that not many Americans are saving enough money. Why do you think that is? What is preventing them, especially if they have enough income to save?

6 comments on “ Student Essay: Saving for Retirement: ‘Time Is on Our Side’ ”

It is very important to save money for retirement. It was a great assay.

I have thought about saving for retirement in the future. My parents don’t have the luxury of being able to do that. I think that many American’s are not saving money because they don’t have the money to save.

Value investing sooner in life is the value of time and knowledge and being past everyone when it comes to a young age. Saving for retirement is very important to have the money you need to be financially stable and don’t have to work when you get older.

I haven’t thought of retirement savings right now. My parents save for the day they stopped working. I learned from my mom that the retiring population is bigger than ever before. Also its the only time when you no longer owe anybody money. I think Americans are not saving enough for retirement because the lack of high living expenses and limited access to retirement benefits.

Yes, I have thought about retirement savings. I hope to save enough to retire early and travel. My parents are also saving for their retirement.

I believe Americans are not saving up for retirement mainly because of a few reasons including high living expenses, unawareness of benefits, and lack of opportunity to begin. The amount of people I’ve met who aren’t knowledgable on IRA’s, pensions, and 401k’s is heavily surprising as they can really make a huge difference!

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Top 10 Importance of Writing Essay

Writing is a very important part of our history and lives as humans. There are several advantages that come with writing, but in this article, we have selected some of the top 10 importance of writing essays.

It may interest you to know that ever since the Greek and Roman eras, humans have been writing essays and papers. We have always been looking for ways to tell our stories, share our ideas, and even keep records by writing.

In our world today, essay writing forms a vital part of our degree programs and academic work . Some people may consider this irrelevant, but it has so many benefits that it creates which we will discuss in detail later.

However, before you can fully understand the importance of essay writing, you’ll need to know what an essay really is including its structures and categories. 

The following section gives you a brief introduction to essay writing, describes the structure of an effective essay, and offers you an interesting fact about essay writing you may have never known. 

Let’s dive right in together…

Table of Contents

Introduction to Essay Writing

Below are some things you’ll need to know about writing an essay.

What is an essay

An essay is a piece of writing about a particular subject, that is aimed at presenting the author’s point of view, sharing an idea, expressing an opinion or emotion, and communicating to others. 

It is believed that the word “essay” was derived from the French verb “essayer” which means “to try” . The word was originally known to mean “an attempt” or “a trial” in the English language.

However, the word began to acquire a new meaning when Michel de Montaigne (a French Man) described his writings as Essays. This was his way of characterizing his written work as “an attempt” to write down his thoughts. 

Classification of Essays 

Essay writing has been classified under two broad categories which are:

• Formal essays
• Informal essays 

Formal Essays:

These are also referred to as impersonal essays. They are often written in corporate settings and may require research, facts, and evidence to back them up. Some formal essays are written in the 3rd person voice or view.

Informal Essays:

Writing informal essays may not require a lot of research like formal essays. Essays like this can also be referred to as personal essays and are often written in the first person point of view. They can be subjective and conversational in nature and the author may freely express his/her opinions without necessarily providing evidence to prove them.

Structure of An Essay

To guide your essay writing, the structure of the essay sometimes called the shape of an essay is often broken down into 3 parts:

• An introduction 
• The main Body
• Conclusion 

An introduction:

This is where you present your topic, offer your reader background and provide a thesis statement if you have any. The introduction of an essay usually contains;

• Thesis statement

The Main Body: 

Writers often use the body of their essay to express more clearly and broadly the statements or ideas in their introduction. When writing an essay, you can use the body to explain core arguments, give clear analysis, and present evidence to back up your claims. It is recommended to start each paragraph of your essay body with a topic sentence.

Conclusion:

After you’ve exhausted your points and explanations in the body of your essay, you’ll need to round everything up. A conclusion helps you to do that by tying up your main points and showing clearly the conclusions you wish your readers to acquire from your essay.

What are the Benefits of Essay Writing?

Below is a list of the top 10 importance of Essay Writing:

• Makes You A Better Writer
• Improves your Communication Skills
• Acquire Research Skills
• Essay writing Improves Creativity
• Essay Writing is Useful for Professional and Employment Purposes
• Broaden Your Knowledge Base
• Essential for Academic Success
• Helps You Become More Aware of your Choices
• You make better decisions
• Think Smarter.

Thinking about the general importance of writing skills? Read these top 10 importance of writing and find out for yourself. Let’s quickly get down to the benefits of Essay Writing.

1.  Makes You A Better Writer

It is said that practice makes perfect. That statement holds true for essay writing as it does for other things too. Writing essays will help you improve your writing skills, produce better papers, and may also improve your college score.

If you write essays often, you may begin to discover new ways to write, new writing tips, tricks, and new strategies.

You become able to structure a more clear argument and write persuasively.

2. Improves your Communication Skills

As long as we live in the midst of people, we would always need to communicate our ideas, feelings, and desires to others.

Essay writing helps you to develop the ability to clearly lay out your thoughts and express them in the best possible way. It is believed that great communicators have a greater chance to get what they want and become successful.

With essay writing, you learn to structure your thoughts into words and this develops your ability to communicate better.

3. Acquire Research Skills 

Most essays will require you to conduct research inorder to find facts and evidence to defend your work. In the process of finding these facts for your essay, you begin to pick up essential research skills that will help you in other areas of your life.

Essay writing will help you know how to find accurate and trusted information from the vast amount of information on the web.

4. Essay writing Improves Creativity 

Some essay topics may cause you to stretch your mind inorder to find creative ways to deliver them. This does something to your ability to reason and come up with creative ideas.

You may begin to search for new information, a new presentation style, and other creative ways to make your essay come out well. All these activities will help you discover new aspects of your creativity you never knew you had.

5. Essay Writing is Useful for Professional and Employment Purposes

Essay writing involves a lot of information gathering, analysis, and research. These activities are also useful in professional organizations.

For example, marketers will need to provide reports, programmers will need to prepare documentation and other professionals may need to send out letters.

If you’ve already had a previous essay writing background, this may come in handy.

6. Broaden Your Knowledge Base

Writing has a way to help you see things in a more clear way. As you make research for your essays, you become enlightened on subjects you had little or no knowledge about.

You begin to see certain connections and you begin to have a better understanding of certain subjects and concepts.

Also, you may be given essay writing assignments in fields you’re not knowledgeable in.

As you carry out your research, everything begins to become clearer and you learn more about the subject than you knew before.

7. Essential for Academic Success 

In our educational institutions today, writing is one of the core aspects of everything we do.

It is important if you want to acquire good academic grades in fulfillment of your educational pursuit. Students who are aware of this employ essay writing services to help them ace their projects and/or assignments.

8. Helps You Become More Aware of your Choices.

Let’s say you had a particular opinion about a subject you were told to write an essay about. While you were gathering information, you became aware of what the subject really entailed and you began to see the cracks in your past opinion.

That’s exactly what essay writing can do for you. It can help you see more clearly why your opinion on a particular topic may have been biased or uninformed.

9. You make better decisions 

The research skills you pick up from essay writing will help you to make better decisions. You’ll learn how to use research to guide the decisions you make.

Research essays train your mind to decide upon the most credible and reasonable options thereby teaching you how to pick the better option from a list of other conflicting alternatives.

10. Think Smarter

Some people wrongly believe that essay writing should be for only people in the arts, language studies, or writing. When you begin to develop an essay with your outline, you’ll learn how to pick the best approach to your essay. You’ll naturally begin to have the tendency to think Smarter as you delve deeper into topics.

As you do this continuously, you’ll begin to see beyond surface level understanding, and you’ll start engaging in critical thinking.

Frequently Asked Questions About Essay Writing 

1. what is the most important thing when writing an essay.

Your Thesis or Argument. The main argument of your essay must be clearly written with logical facts, evidence and proof. Make a strong argument and persuade your readers with a well-written thesis.

2. What are the important parts of essay?

There are 3 major parts of an essay which includes: •The Introduction. •The Body. •The Conclusion. Using an outline before you start writing, will help you identify how to properly structure your essay within these parts.

3. What are the important uses of writing?

Writing is a vital part of our lives and history. There are several uses of writing, but some of them include: •Communication, •Keep Records, •Store information.

4. What purpose does writing serve?

Writing has so many purposes. However, there are 5 purposes that stands out. They are; 1. Persuasion. 2. Information. 3. Entertainment. 4. Explanation. 5. Record Keeping.

5. What is the purpose of essay writing?

Essay Writing can serve so many purposes. However, a major purpose of essay writing is to present an opinion, idea, or argument in response to a subject matter or question and offer evidence that persuades your readers that your opinion is correct or reasonable.

Important Recommendations 

• 100 Best Free Online Books to Read for Kids and Adults
• Benefits of Studying Abroad
• Top 20 Sites to Read Free Books Online Without Downloading
• 20 Importance of Education .

You can acquire a lot of soft and hard skills from your essay writing projects and activities. This article has outlined just 10 importance of writing essays, but there are other benefits that we’ve not discussed.

Writing Essays may be a tedious and difficult task, but it pays off if done properly and with a goal in mind. Recently, a lot of software has also been developed to help people become better writers and make writing fun.

This article was written to help you, we hope it did. Check out other valuable recommendations and articles within the blog.

© World Scholars Hub 2023

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Essay on Save Earth: Samples in 100, 150 and 200 Words

• Updated on  
• Nov 11, 2023

There is a popular saying that goes, ’You don’t bite the hand that feeds you. Well, then why harm the planet that is providing for you?’ We all should know that our planet Earth is the only planet where life can exist. Our planet provides us with basic necessities such as water, air, food to eat, and much more. So if you want to save our planet Earth for yourself and for the coming future generations then do give this blog a read. Today we will be talking about how you can save your planet Earth by taking all the required measures. We have also listed some sample essay on Save Earth which will help you to talk about the same in public. 

Table of Contents

• 1 Why is Saving Earth so Important?
• 2 Essay on Save Earth in 100 Words
• 3 Essay on Save Earth in 150 Words
• 4 Essay on Save Earth in 200 Words

Why is Saving Earth so Important?

Our planet Earth is the only planet that provides us with raw materials, oxygen, food which we need for fuel, and other essential materials.  

There are a number of reasons why saving the Earth is so important:

• Our Earth is the only planet that supports life. Despite signs of organic molecules and water on other planets and moons, life is only known to exist on Earth. There would be nowhere else for us to go if not Earth.
• Our Earth provides us with basic necessities such as medicine, food, clean water, and air to breathe. 
• The combustion of fossil fuels releases harmful greenhouse gases into the atmosphere, which traps heat and warms the earth. Rising sea levels, melting glaciers, and more extreme weather events are just a few of the negative effects of climate change that are already being felt.

Also Read: Essay on Social Issues

Essay on Save Earth in 100 Words

The only planet in the cosmos that is known to sustain life is Earth. Since it is our home, we must take care of it.

There are numerous reasons why protecting the planet is crucial. To begin with, it is our only place of residence. There won’t be somewhere else for us to go if we destroy Earth. Second, Earth gives us food, water, air, and shelter—everything we require to survive. Third, a wide variety of biodiversity exists on Earth, which is vital to human health.

Unfortunately, the health of Earth is being threatened by human activity. Among the difficulties we confront are deforestation, pollution, and climate change.

To save the Earth, we can all do our part. Here are some actions you may take:

• Cut back on the use of fossil fuels. Make more of an effort to walk or bike, drive less, and take public transit wherever you can.
• Make the switch to alternative energy sources like wind and solar energy.
• At home, use less energy and water.
• Reduce trash via composting and recycling.
• Encourage companies and groups that are engaged in environmental protection.

Both our own life and the survival of future generations depend on saving the planet. We can contribute to ensuring that our planet is healthy and habitable for many years to come by acting now.

Also Read: Essay on Save Environment: Samples in 100, 200, 300 Words

Essay on Save Earth in 150 Words

Since the Earth is our home, it is up to us to preserve it. However, the health of the planet is in danger due to human activity. Among the difficulties we confront are deforestation, pollution, and climate change.

The most important environmental issue of our day is climate change. Greenhouse gases are released into the atmosphere, which causes the earth to warm. Among the detrimental repercussions of climate change that are already being felt are rising sea levels, melting glaciers, and an increase in extreme weather occurrences.

Pollution poses a serious threat to Earth as well. Among the materials we use to damage the air, water, and land are chemicals, plastics, and trash. Not only can pollution harm humans and wildlife, but it can also ruin ecosystems.

Deforestation is another issue. In this, the trees are removed and instead, buildings are constructed.  Forests filter water in addition to providing habitat for species and regulating the climate. Deforestation is one of the primary causes of both climate change and biodiversity loss.

We must take action to safeguard Earth from these threats. We can potentially reduce our carbon footprint by switching to renewable energy sources and consuming less energy. We can also reduce pollution by using less plastic, recycling, and composting. We can also safeguard forests by planting trees and promoting sustainable forestry practices.

Preserving the planet is essential for our own existence as well as that of future generations. To keep our world safe, each of us has a responsibility.

Also Read: Essay on Unity in Diversity in 100 to 200 Words

Essay on Save Earth in 200 Words

The only planet in the solar system where humanity can survive is Earth. Since our planet gives us access to fundamental essentials like clean water, fresh air, and food to eat, it is our duty as humans to make sure that it is habitable for future generations.

We can see that, among all the urgent problems, one of the most significant ones that affect humanity is climate change. Among the detrimental repercussions of climate change that are already being felt are rising sea levels, melting glaciers, and an increase in extreme weather occurrences.

Pollution is another major problem. The majority of the materials that are key to pollution of the air, water, and land are harmful chemicals, plastics that are carelessly thrown away, and other materials. This is not only harmful to humans and wildlife but also to the environment. 

Deforestation is the third main issue; it is the removal of trees for construction or other purposes, like agriculture. One of the main contributors to both climate change and biodiversity loss is deforestation. Consequently, we need to act to defend Earth from these dangers. 

We hope this essay on Save Earth helped you with some knowledge of some of the pressing issues we face on a daily basis and what we can do to save our planet. 

Related Articles

We can conserve the globe by avoiding contamination of the Earth and its natural resources, including the air and water.

Reducing carbon emissions is the first step towards saving our planet. This can be done by using environmentally friendly resources, conserving water and following the Reduce, Reuse and Recycling practices.

Clearing forest areas for agricultural, human settlement or any other commercial activities is known as deforestation.

For more information on such interesting topics, visit our essay-writing page and follow Leverage Edu ! 

Malvika Chawla

Malvika is a content writer cum news freak who comes with a strong background in Journalism and has worked with renowned news websites such as News 9 and The Financial Express to name a few. When not writing, she can be found bringing life to the canvasses by painting on them.

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Save Nature Essay

Introduction

We are always happy to get gifts from others, as they make us feel special and valued. Nature is such a gift given to us that it must be treated equally like any other gift. We might think that since nature and its resources are available for free, we can utilise them in whichever way we want. This approach towards nature is not good, and this is what is discussed in this save our nature essay.

The minute we step out of our homes, we are entering the space of nature, and everything we see around us forms a part of it. The plants, trees, flowers, sky, soil, water, sun, insects, and wind all fall under nature. Therefore, we must keep our nature as beautiful as it is.

Importance of Saving Nature

Even though nature has a significant role in supporting our lives, each component has a specific role in maintaining the balance of nature. While we get food to eat, air to breathe and water to drink from nature, we also enjoy the natural beauty and sounds as they lift our moods. Nature provides us with many resources, and we return its kindness by overexploiting and harming nature. Thus, as people living on Earth, we need to be conscious of our actions on surroundings that disrupt its natural flow.

Human activities are the main villain that harms nature. Earlier, it was not evident the dangerous effects of human exploitation on nature. When we think that we have only cut down a single tree, which might not damage nature, remember that there would be hundreds of others who think like you. So, one tree becomes hundreds, thousands and millions. At this pace, nature will soon exhaust its resources, and we will be suffering from various natural disasters and diseases. To put it simply, our mere existence would be threatened. This is why we need to preserve nature. In this how to save nature essay, we explore a few ways to coexist with nature.

Ways to Save Nature

We must be mindful of the fact that though nature has infinite resources, they will soon get depleted if we use them carelessly. As people started moving to cities, this led to the clearance of land and deforestation. The impact is environmental threats, such as green gas emissions, global warming, extinction of natural flora and fauna, etc. And the price we will have to pay will be huge.

To save ourselves from natural calamities and protect nature, let us move towards sustainable practices. By using eco-friendly products and discarding plastic and other non-degradable materials, we are doing a huge favour to our nature. We can also join our hands to reduce pollution by segregating wastes, using public transport and avoiding the use of pesticides. This save our nature essay from BYJU’S will be helpful for children to understand that if we take care of these trivial things, we can ensure the long life of nature.

You can explore more essays similar to the save nature essay on BYJU’S website to enhance kids’ learning experience. Also, access a wide range of kid-friendly learning resources on the website.

What is meant by nature?

The things that we see around us, which are not made by humans, constitute nature. It includes all living and nonliving things like air, water, sun, wind, animals, trees, mountains, oceans, etc.

What are some of the ways to save nature?

We can save nature if we stop over utilising the resources given to us by nature. We must preserve our environment as it is and not loot its materials. Moreover, we must take an environment-friendly approach, which must be reflected in our actions.

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Essay on Save Energy

Students are often asked to write an essay on Save Energy in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Save Energy

Importance of saving energy.

Saving energy is crucial for our planet. It helps in reducing pollution and conserving natural resources.

Ways to Save Energy

Switching off lights when not in use, using energy-efficient appliances, and limiting the use of air conditioners can save energy.

Benefits of Saving Energy

Energy saving reduces electricity bills, decreases carbon emissions, and helps in preserving the environment for future generations.

Everyone should make efforts to save energy. It’s not only beneficial for us but also for our planet.

Also check:

• 10 Lines on Save Energy

250 Words Essay on Save Energy

Introduction.

Energy conservation is a pressing global issue, demanding immediate attention. As the world’s natural resources are rapidly depleting, the need to save energy becomes paramount. It is our responsibility to ensure the sustainability of our planet for future generations.

The Importance of Saving Energy

Energy is the lifeblood of modern civilization. It powers our homes, fuels our transportation, and drives our industries. However, the excessive and inefficient use of energy contributes to environmental degradation, climate change, and resource depletion. By saving energy, we can reduce our carbon footprint, slow down global warming, and preserve the earth’s natural resources.

There are numerous ways to save energy, ranging from simple everyday habits to significant technological advancements. At an individual level, we can conserve energy by switching off lights and appliances when not in use, using energy-efficient devices, and choosing public transportation or carpooling.

On a larger scale, industries can adopt energy-efficient technologies, renewable energy sources, and waste-to-energy conversion methods. Governments can promote energy conservation through policies, regulations, and public awareness campaigns.

In conclusion, saving energy is not just a choice, but a necessity for our survival. It requires collective efforts from individuals, industries, and governments. By saving energy, we can ensure a sustainable and prosperous future for our planet and its inhabitants.

500 Words Essay on Save Energy

Energy, in its various forms, is the backbone of modern civilization. It powers our homes, fuels our transportation, and drives our industries. However, the overconsumption of energy resources, particularly non-renewable ones, is leading to environmental degradation and resource depletion. Therefore, the concept of ‘Save Energy’ is not just a slogan but a dire necessity and a global responsibility.

Energy conservation is critical for several reasons. Firstly, a significant proportion of the world’s energy comes from non-renewable resources like coal, oil, and natural gas. These resources are finite and are depleting at an alarming rate due to overconsumption. Saving energy means reducing the rate of depletion of these resources, thus prolonging their availability.

Secondly, the extraction and use of these non-renewable resources have severe environmental implications. They contribute to air and water pollution, habitat destruction, and climate change. By saving energy, we can mitigate these environmental impacts and contribute to the sustainability of our planet.

Energy conservation does not necessarily mean compromising on our needs or comfort. It is more about using energy efficiently and wisely. There are several ways in which we can save energy in our daily lives.

One of the simplest ways is by improving energy efficiency. This involves using appliances that consume less energy for the same output, such as LED lights instead of incandescent bulbs, or energy-efficient refrigerators and air conditioners.

Another method is by adopting renewable sources of energy, like solar and wind power. These sources are sustainable and have minimal environmental impact. By installing solar panels or wind turbines, we can generate our own electricity and reduce our dependence on non-renewable resources.

Role of Technology and Innovation

Technology and innovation play a crucial role in energy conservation. Advances in technology have led to the development of energy-efficient appliances, electric vehicles, and smart grids, all of which contribute to energy saving.

Innovations in renewable energy technology have made it more efficient and cost-effective, making it a viable alternative to traditional energy sources. Smart technologies like IoT and AI can help in monitoring and managing energy consumption in real-time, leading to significant energy savings.

In conclusion, saving energy is a collective responsibility that requires the participation of all stakeholders, including individuals, communities, governments, and corporations. By adopting energy-efficient practices and technologies, and by shifting towards renewable sources of energy, we can ensure the sustainability of our energy resources and contribute to the well-being of our planet. The ‘Save Energy’ concept is not just about preserving resources for the future, but also about creating a sustainable and healthy environment for all.

That’s it! I hope the essay helped you.

If you’re looking for more, here are essays on other interesting topics:

• Essay on One Step Towards Green and Clean Energy
• Essay on Importance of Energy Conservation
• Essay on Green Energy for Carbon Neutral Ecosystem

Apart from these, you can look at all the essays by clicking here .

Happy studying!

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Amanda Hoover

Students Are Likely Writing Millions of Papers With AI

Students have submitted more than 22 million papers that may have used generative AI in the past year, new data released by plagiarism detection company Turnitin shows.

A year ago, Turnitin rolled out an AI writing detection tool that was trained on its trove of papers written by students as well as other AI-generated texts. Since then, more than 200 million papers have been reviewed by the detector, predominantly written by high school and college students. Turnitin found that 11 percent may contain AI-written language in 20 percent of its content, with 3 percent of the total papers reviewed getting flagged for having 80 percent or more AI writing. (Turnitin is owned by Advance, which also owns Condé Nast, publisher of WIRED.) Turnitin says its detector has a false positive rate of less than 1 percent when analyzing full documents.

ChatGPT’s launch was met with knee-jerk fears that the English class essay would die . The chatbot can synthesize information and distill it near-instantly—but that doesn’t mean it always gets it right. Generative AI has been known to hallucinate , creating its own facts and citing academic references that don’t actually exist. Generative AI chatbots have also been caught spitting out biased text on gender and race . Despite those flaws, students have used chatbots for research, organizing ideas, and as a ghostwriter . Traces of chatbots have even been found in peer-reviewed, published academic writing .

Teachers understandably want to hold students accountable for using generative AI without permission or disclosure. But that requires a reliable way to prove AI was used in a given assignment. Instructors have tried at times to find their own solutions to detecting AI in writing, using messy, untested methods to enforce rules , and distressing students. Further complicating the issue, some teachers are even using generative AI in their grading processes.

Detecting the use of gen AI is tricky. It’s not as easy as flagging plagiarism, because generated text is still original text. Plus, there’s nuance to how students use gen AI; some may ask chatbots to write their papers for them in large chunks or in full, while others may use the tools as an aid or a brainstorm partner.

Students also aren't tempted by only ChatGPT and similar large language models. So-called word spinners are another type of AI software that rewrites text, and may make it less obvious to a teacher that work was plagiarized or generated by AI. Turnitin’s AI detector has also been updated to detect word spinners, says Annie Chechitelli, the company’s chief product officer. It can also flag work that was rewritten by services like spell checker Grammarly, which now has its own generative AI tool . As familiar software increasingly adds generative AI components, what students can and can’t use becomes more muddled.

Detection tools themselves have a risk of bias. English language learners may be more likely to set them off; a 2023 study found a 61.3 percent false positive rate when evaluating Test of English as a Foreign Language (TOEFL) exams with seven different AI detectors. The study did not examine Turnitin’s version. The company says it has trained its detector on writing from English language learners as well as native English speakers. A study published in October found that Turnitin was among the most accurate of 16 AI language detectors in a test that had the tool examine undergraduate papers and AI-generated papers.

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Schools that use Turnitin had access to the AI detection software for a free pilot period, which ended at the start of this year. Chechitelli says a majority of the service’s clients have opted to purchase the AI detection. But the risks of false positives and bias against English learners have led some universities to ditch the tools for now. Montclair State University in New Jersey announced in November that it would pause use of Turnitin’s AI detector. Vanderbilt University and Northwestern University did the same last summer.

“This is hard. I understand why people want a tool,” says Emily Isaacs, executive director of the Office of Faculty Excellence at Montclair State. But Isaacs says the university is concerned about potentially biased results from AI detectors, as well as the fact that the tools can’t provide confirmation the way they can with plagiarism. Plus, Montclair State doesn’t want to put a blanket ban on AI, which will have some place in academia. With time and more trust in the tools, the policies could change. “It’s not a forever decision, it’s a now decision,” Isaacs says.

Chechitelli says the Turnitin tool shouldn’t be the only consideration in passing or failing a student. Instead, it’s a chance for teachers to start conversations with students that touch on all of the nuance in using generative AI. “People don’t really know where that line should be,” she says.

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Gig workers are writing essays for AI to learn from

• Companies are hiring highly educated gig workers to write training content for AI models .
• The shift toward more sophisticated trainers comes as tech giants scramble for new data sources.
• AI could run out of data to learn from by 2026, one research institute has warned. 

As artificial intelligence models run out of data to train themselves on, AI companies are increasingly turning to actual humans to write training content.

For years, companies have used gig workers to help train AI models on simple tasks like photo identification , data annotation, and labelling. But the rapidly advancing technology now requires more advanced people to train it.

Companies such as Scale AI and Surge AI are hiring part-timers with graduate degrees to write essays and creative prompts for the bots to gobble up, The New York Times reported . Scale AI, for example, posted a job last year looking for people with Master's degrees or PhDs, who are fluent in either English, Hindi, or Japanese and have professional writing experience in fields like poetry, journalism, and publishing.

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Their mission? To help AI bots "become better writers," Scale AI wrote in the posting.

And an army of workers are needed to do this kind of work. Scale AI has as many as tens of thousands of contractors working on its platform at a time, per the Times.

"What really makes the A.I. useful to its users is the human layer of data, and that really needs to be done by smart humans and skilled humans and humans with a particular degree of expertise and a creative bent," Willow Primack, the vice president of data operations at Scale AI, told the New York Times. "We have been focusing on contractors, particularly within North America, as a result."

The shift toward more sophisticated gig trainers comes as tech giants scramble to find new data to train their technology on. That's because the programs learn so incredibly fast that they're already running out of available resources to learn from. The vast trove of online information — everything from scientific papers to news articles to Wikipedia pages — is drying up.

Epoch, an AI research institute, has warned that AI could run out of data by 2026.

So, companies are finding more and more creative ways to make sure their systems never stop learning. Google has considered accessing its customers' data in Google Docs , Sheets, and Slides while Meta even thought about buying publishing house Simon & Schuster to harvest its book collection, Business Insider previously reported.

Watch: Nearly 50,000 tech workers have been laid off — but there's a hack to avoid layoffs

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