It is a good servant and a bad master. Hence within limits the issue of paper money comes very handy to the government at the time of dire need. Gold and silver coins are accepted even by foreigners, as they have got some intrinsic value. Another consideration is that an economy may grow at 2.5% a year. Some economists would argue increasing government spending through higher taxes would lead to a more inefficient allocation of resources as governments tend to be less effective in spending money. Indeed, there are both advantages and disadvantages of budgeting. In the former, space exploration leads to an independent spirit where the fate of one's culture and identity are at risk of being overrun by a zealous government. There are numerous advantages of building a dam and that is the reason why a government invests so much money in the construction and maintenance of Dams. Disadvantages of Building a Dam. Important disadvantages of advertising are as follows: While on the one hand, advertising is regarded as the life-blood of modern business; on the other hand, some scholars are of the view that money spent on advertising is a waste. 2. Some of the disadvantages are: The main disadvantages that you will encounter with space exploration are the amount of money that you need to spend during the research process. The ability to estimate these expenses is key if your employer offers flexible spending accounts, which can help you save money and reduce your federal income tax. The consequences of Spending too much money has made people realize how serious the problem can be. Nonetheless, interest groups that benefit from the spending lobby aggressively to keep the money flowing, which is why, since the modern era of big government began in 1930, spending ⦠What is required is the proper regulation of money supply through a wisely formulated monetary policy to ensure the efficient working of the economic system and to achieve ⦠Those who hold this opinion are, as a matter of fact, the critics of advertising and they hint at its evils. But there are certain disadvantages related to it. Businesses need to store the money, get more when they run out, and deposit cash when they have too much on hand. Most people must use the money they saved in their flexible spending accounts before the end of their plan year. Disadvantages of Paper Money: But we cannot overlook the disadvantages of money: (i) Paper money is of no value outside the country of issue. It costs money to print bills and coins. Cash Management Costs Money . One of the reasons why fictional universes like those in Star Wars or Star Trek are popular is because they show us a reality where hope is possible anywhere. Instead of spending the money for space researches, they can use the money to reduce the poverty in some of the underdeveloped nations. The problem of spending too much money may not be as trivial as people may think. Going cashless isn't just convenient. Not spending too much money is very advantageous as one can save enough money that can be used in future or in case of an emergency. Keep reading to learn about the types and pros and cons you should consider before you invest in a flexible spending account. You must use the money in an FSA within the plan year. Failing to use the funds will cause them to be lost, which means you could forfeit all of the $2,650 if you donât have any qualifying expenses. ... That is not to say you can never spend money on wants, of course. The advantages of money far exceed its disadvantages. 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