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July 27, 2010

Why have Money?

Filed under: Money and You — Gloria and Alpha @ 11:58 pm

Money makes obtaining what we need to survive easier.  If we strip our survival needs right back, our core need is water and food (in that order).

Now, if you live in a first world country, you’re already ahead of the game.  Obtaining basics like food and water is relatively easy, depending on your circumstances.  Even so, there most major  cities have soup kitchens. 

The concept of exchanging something for “money” is a relatively new concept.  Previously, people bartered goods they produced for things they didn’t, or couldn’t produce.  Even a live animal was used as ‘money’.  There are still parts of countries today that count in the number of camels, cows and other animals that something can be bought with.

The earliest record of ‘money’ came in about 3,000 BC, when gold bars were weighed to measure their value, in Egypt and Mesopotamia (parts today known as Iraq).  Now, that may sound a long time ago, but if you think how far back human civilisation is recorded on earth, 5,000 years ago, isn’t that long ago.
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July 21, 2010

Managing Your Money

Filed under: Manage Your Money — Gloria and Alpha @ 10:27 pm

I’m often astounded that there is no education in our school systems about how to handle money.

  • What money is
  • What money is not
  • The different ways to save money
  • The different ways to spend – which ways are fruitful and which are fruitless
  • What you can do with money – apart from the obvious
  • What money is not for
  • How to spend money so that it works for you
  • What happens when you spend money  foolishly – short-term and long-term repercussions
  • Money and investing
  • The different types of investing
  • Money and borrowing money
  • The many options for borrowing money available today
  • What credit cards are
  • What credit cards are not
  • And so on, and so on
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