money facts Archives | MoneyDigest.sg

Know These 7 Share-worthy Money Facts

It goes without saying that money is essential in all aspects of our lives – it even makes the world go round! We use it just about every day, but how much do we really know about it?

Widen your knowledge about our currency and the history with these 7 share-worthy money facts:

1. From soaps and grains to bear’s teeth and bird’s claw, there have been a variety of bizarre currencies throughout the history. The cowry is one of the longest and most widely used form of money. It is none other than the vibrant shell of a sea snail. Its durability made it a popular choice among the early civilizations.

2. Focus at the back of the S$1,000 note. A microtext of the entire lyrics of the national anthem is printed on it. See for yourself!

3. Why is the piggy bank called as such? Do pigs have their own financial institutions where the tellers would dress in suits? Not in this lifetime! In Old English, “pygg” refers to a type of clay used to make dishes and jars that contained funds. This was eventually morphed to the piggy bank that we know today.

Image Credits: pixabay.com

4. Why are polymer notes circulated instead of paper notes? For starters, polymer notes last three to four times longer than its paper counterparts. Its tear-resistant feature entails that you do not have to worry about emptying your pockets before loading your jeans into the washing machine. What’s more? Polymore notes have the ability to incorporate more security features.

5. Most modern counting machines can tally about 2,500 coins per minute. While, a bank’s note-counting machine can tally up to 100 bills in four seconds. The machines can also spot counterfeits!

6. Have you ever heard of the Roman goddess Juno? Worry not, if her name does not ring any bells. Let me provide you with a brief insight on Roman mythology. Juno is the “Goddess of Good Counsel”, whose mere name means adviser. While Moneta is the “Goddess of Memory”, a name where words mint and money were acquired from.

Image Credits: pixabay.com

These two goddesses were symbolized in “The Temple of Juno Moneta”. Ancient Romans made their coins in this temple alone as the goddesses were perceived to protect the funds.

7. The lushious tree found at the S$5 note is an actual tree in the Botanic Gardens. This Tembusu tree is believed to be at least 200 years old. It is even older than the 156-year-old garden! Amazing, right?

That rounds up seven of the most interesting facts about money. Leave a comment below, if you want to share your own mind-blowing or unusual financial fact.

Sources: 1 & 2

Top 5 Tunes About Wealth And Money

Relationships, heartbreaks, and love may be the most observable theme in the music charts today but you cannot deny that money comes next.

Whether you like listening to songs about the pains of fortune or the joys of owning material things, there seems to be no shortage of songs about money. In fact, Jay-Z’s new record label “Magna Carta Holy Grail” stressed his insistence on continuing to rap about his wealth.

With that said here are the tunes that prove how complex and well-documented money is…

1. She Works Hard For The Money by Donna Summer

From the Queen of Disco herself – the late Donna Summer’s “She Works Hard For The Money” swiftly became one of her signature songs.

2. Mo Money Mo Problems by The Notorious B.I.G. ft. Mase & Puff Daddy

Life After Death album’s lead single is one of the first songs that come to people’s mind when talking about money-related lyrics. The catchy chorus says a lot about the difficulties faced by Biggie after he began growing his wealth.

“I don’t know what, they want from me
It’s like the more money we come across,
the more problems we see”

3. Taxman by The Beatles

A timeless dedication to the United Kingdom’s government taxation, “Taxman” came about when the band realized that it was losing a bulk of its earnings due to the supertax that Harold Wilson had introduced.

4. Like Money by Wonder Girls ft. Akon

“Like Money” is a song that mashes both love and money as a theme. In its first week, the song debuted at number 11 in South Korea. By the end of August 2012, its popularity soared to about 583,737 downloads in south Korea alone.

5. Bills by LunchMoney Lewis

Exuding elements of hip-hop, ragtag, and jazz, this hit is the debut single of the American rapper called LunchMoney Lewis. It is about a man who is overwhelmed about his debts and bills that he has to work harder everyday in order to make sure that they all survive.

I have to admit, I cannot get enough of this song!

Sources: 1, 2, 3, & 4

4 Unusual Places to Find and Earn Money

Some people make it their golden mission to find hidden treasures throughout their lives, while others accidentally stumble onto them without effort. Whether it be practical or not, here are 4 Ways You can Find and Earn Money in the most Unusual Places.

1. YOUR OWN BACKYARD

A couple in California discovered treasures in their own backyard while walking their dog. They found 1,427 rare mint-condition coins dating from 1847 to 1894. Then, the coin experts estimated and appraised the coins at US$11 million. Today, you can find the last piece of coin that is offered for sale at Amazon.

Image Credits: Kagin’s, Inc. SRH via Amazon

2. FLEA MARKETS

A man once bought a painting of a country scene at a flea market in Pennsylvania in 1989. It turns out that it was one of the 24 known copies of the original 1776 Declaration of American Independence. In 2000, it was sold for US$8.14 million to the television producer named Norman Lear.

There are various flea markets in Singapore. Maybe you’re the next person to find antiques or special items in the flea market. Nonetheless, you can always find cheap yet useful items, which you can resell again.

Image Credits: Nasrul Ekram via Flickr

3. UNIVERSITIES OR RESEARCH CENTERS

Participate in paid focus groups, online surveys, or research studies that maybe in the field of science, marketing, etc. You may google the opportunities that are near to your city or those that pay even if you are in any place of the world through reputable services such as Paypal. Although while in search, you must make sure that the center or the institution is credible to ensure your safety.

4. LASTLY, IN YOUR BOOKSHELF

Selling your old books and magazines on online sites such as Amazon or Carousell can be a valid option. Not only can you earn extra money but you can also de-clutter at the same time! Also, some people have had success by compiling used books of others or buying books on the cheap garage sales, and reselling them again for a higher price.

8 Interesting Facts about Money (Saving Tips Included)

Did you know that being too relaxed might lead to overspending? Well, that along with 8 other Interesting Facts about Money may just help you save more. Plus, these facts can be really good conversation starters!

1. MONOPOLY MONEY> REAL MONEY

It is a fact that more Monopoly money is printed each year than real money printed throughout the world.

Image Credit: Sy Clark via Flickr

(Source: FactSlides)

2. MICROTEXTS ARE PRINTED THE BACK OF SINGAPORE’S 1000 BILLS

Did you know that the entire lyrics of the national anthem are printed in the microtexts on the back of the S$1000? It certainly is micro to make all the text fit. Awesome!

(Source: Monetary Authority of Singapore)

3. ALL GOLD IN THE WORLD CAN FIT A TENNIS COURT

All the discovered gold in the world will be able to fit a court of 62 feet and 82 feet on each side. Imagine a whole tennis court covered with gold bars!

(Source: Forest, C., 2009)

4. THE FIRST CREDIT CARD WAS CREATED OUT OF EMBARRASSMENT

Interestingly, the first Credit Card was created because of a man’s embarrassment who had to pay for dinner but forgot his wallet. It surely is a shameful moment especially when you have a date with a pretty lady.

(Source: FactSlides)

Image Credit: 401 (K) 2012 via Flickr

5. NEWER IS BETTER

To save money, fill your wallet with new money. Research showed that you are less likely to spend bills if they are smooth, crispy and new.

6. HIGHER DOMINATIONS WILL EQUAL TO LESS SPENDING

Another way to save money is to stack up more bills of S$100 and S$1000 because research has shown that people are more likely to spend smaller bills, and are reluctant to spend bills in higher domination.

7. BEING TOO RELAX LEAD TO OVERSPENDING

According to the study by Columbia Business School, when people are placed in a calming environment (i.e., classical music with comfortable chairs), and when they feel extremely relaxed, they overspent by 15%. So, it may be best to walk up the escalator or do simple exercises first before shopping.

8. SOME FONTS CAN SAVE MORE PRINTER INK AND TONER

If you want to save money on printer ink or toner, one thing you should do is to change the fonts that you use for printing. Century Gothic, Ecofont, Garamond, and Courier are some of the fonts that naturally use less ink.

(Source: Ehow)

Do you want to learn more? Here is a colorful infographic by Daily Infographic that you can share to your friends! Or, do check out other Money Digest articles.

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