PROJECT REPORT ON

SUBMITTED TO: SONU REKHI

SUBMITTED BY: KULJIT KAUR GREWAL SHUBAM RUNTHALA RUBAL GOYAL

PCTE BADDOWAL LUDHIANA

CONTENTS
INTRODUCTION SYMPTOMS

REASONS

CURE

SUMMARY

INTRODUCTION
The main important function of money is that it is used as a medium of exchange in order to facilitate transactions. Money also serves as storage of value and a unit of account with the key to its success being the connection of money to a common measure. After all, you may not think that my book collection is worth as much as your car but we can probably agree that if we used the United States dollar as the unit of exchange for your vehicle, we could more easily come to a sale agreement. The interesting thing that I find about money is that it is continuously fluctuating in value and I enjoy studying why and how we has humans controls things like exchange rates, import tariffs, interest rates to price ceilings that positively or negatively affect the value we assign to our currency. Throw in our deep connection within the global markets and it is a wonder we can ever accurately assess any economic policy before implementation. In many ways, I see economics as more of an art rather than a science and Money Madness is a wonderful early introduction for children on how and why the assignment of money is so important in todays society

It starts with great W questions that kids may wonder about when it comes to economics. Whats all this money madness? Why do people want money? How would you be able to buy things like a loaf of bread if money did not exist?

WE CAN ALL EXPERIENCE PEACE, JOY, AND ABUNDANCE AROUND MONEY, AND THE KEY TO SUCCESS ISNT WINNING THE LOTTERY, BEING BORN RICH OR HAVING THE MOST PRESTIGIOUS MBAITS OVERCOMING MONEY MADNESS.

What is Money Madness? It comes in many forms: The woman who can't save a dime even though her income keeps increasing. The investor who habitually buys high and sells low. The man who resents his wife because she bought a jar of capers for a whopping $5 but failed to tell her about his $5,000 hot tub purchase the same day (that was me). The man who said "I do," to marriage, but not to sharing bank statements with his wife (that was me, too!).

SYMPTOMS OF

All addictions, whether to substances or to behaviors, involve both physical and psychological processes. Each persons experience of addiction is slightly different, but usually involves a cluster of some of the following symptoms of addiction. You can still be addicted even if you do not have all of the symptoms. There are many different addictions, but similar symptoms span them all. Some of the common symptoms of addiction are:

Tolerance - the need to engage in the addictive behavior more and more to get the desired effect Withdrawal happens when the person does not take the substance or engage in the activity, and they experience unpleasant symptoms, which are often the opposite of the effects of the addictive behavior

Difficulty cutting down or controlling the addictive behavior Social, occupational or recreational activities becoming more focused around the addiction, and important social and occupational roles being jeopardized The person becoming preoccupied with the addiction, spending a lot of time on planning, engaging in, and recovering from the addictive behavior

Extreme mood changes happy, sad, excited, anxious, etc Sleeping a lot more or less than usual, or at different times of day or night Changes in energy unexpectedly and extremely tired or energetic Weight loss or weight gain Unexpected and persistent coughs or sniffles Seeming unwell at certain times, and better at other times Pupils of the eyes seeming smaller or larger than usual

REASONS
Do Your Money Problems Stem From Addictive Behavior?

Money problems affect most of us from time to time. Being at an early stage of your career; going through life changes such as marriage or starting a family; facing unemployment; and unexpected life events which bring unexpected costs, such as illness or the death of a family member are all issues that cause temporary money problems. But sometimes money problems are longer term, the causes are deeper, and the solutions are more dramatic, because they require lifestyle changes.

Addiction and Money Problems Most addictions have a serious impact on finances. In fact, financial problems are even cited as a possible symptom of addiction for substance dependence and compulsive gambling in the Diagnostic and Statistical Manual (DSM-IV) used by mental health workers to diagnose mental health problems. Although alcohol dependence, drug addiction, and internet addiction all tend to carry significant

financial costs, both in terms of paying for the addictive substance or behavior, and in terms of the time taken away from other activities, including work, gambling and shopping addiction almost always lead to money problems, simply because they strike at the core of the addicts finances. Without money, there can be no gambling, and without money, there can be no shopping.

How Denial Keeps Overspenders Addicted Denial is common among people with addictions of all kinds. Basically, denial is a way that you hide the truth of your addiction from yourself, for example, by making excuses, by blaming others, by blaming circumstances outside of your control, or by kidding yourself that you are in transition and that circumstances are about to change. Denial is used to cover up addiction from other people, but is also used to avoid facing the fact that you are addicted, and that you will continue to have money problems until you overcome your addiction. Overspenders can blame others for money problems in a variety of ways. The overspent addict might blame their partner for poor money management, they might blame their children for having material needs, they might blame their boss for needing them to look good for work - without

acknowledging that designer fashions every season are not actually a workplace requirement, or they might blame enemies for frustrating them to the point where they need "retail therapy." Money problems can also be blamed on circumstances outside of your control in a variety of ways. Lets say winter is coming and you need a new coat. Do you really need five or ten coats? No, you only need one, or at most two. But a shopping addict may rationalize buying more and more coats, using the excuse of the cold weather every time. You might equally blame the cost of whatever it is you are buying, despite the fact that you buy it again and again, the need for a non-essential item for "good luck," or the remote possibility that you might need that item one day. Some shopping addicts even blame the shop, advertising, the fashion industry or peer pressure for their overspending. Ultimately, this is simply an avoidance of responsibility for your own actions.

Cure & summary

Take Control of Your Money Problems Like all addictions, the solution to money problems for shopping addicts and overspenders is both simple and difficult. You need to take complete responsibility for your actions and for the consequences of your actions, and to take control of those actions by monitoring and making careful decisions about what you spend your money on. Unlike addictions to alcohol and drugs, there is no way to avoid money, or to avoid the need to shop. You may need a complete break from spending before getting to this point, by asking someone else to take responsibility for purchasing the basic necessities of life until you have had a reasonable break from spending. But sooner or later, you will need to formulatespending plan which will give you complete control over how much you spend, and what you spend it on With the economy floundering (or in a gasping death-spiral, depending on who you ask), now is the time to get to the root of some of the money issues in your life that are actually within your control. Enter Dr. Sally Palaian whose book Spent: Break the Buying Obsession and
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Discover Your True Worth speaks to many of us who have a dysfunctional relationship with money.

THANKS