Money talks

Money Talks: The History of Money

Money is used to pay in the corner stores. People nowadays pull a piece of plastic from their wallet to pay. There was a time when money didnt exist.

Money and Credit Cards

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Back then, everyone exchanged what they need with one another, this is called the barter system. Before that system everyone would help each other and gave each other things Men and women worked in exchange for food.

The Barter System

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Little by little, primitive money started to appear. People used something  of value to pay for a product or service. Aztecs used cocoa beans as money. Other commodities are amber, beads, cowries, drums, eggs, feathers and pigs. Everyone had to agree about their value and had to be durable.

Commodities or Primitive Money

Cattle

Cattle was an important barter. Cows, sheep and goats were a primitive form of money because they could be counted. They were also used as offerings They also provided meat for food, wool and skins for clothes and bones for tools.

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Metal Money

About four thusand years ago, people started using metalas money. Coins did not exist yet. The weight of the pieces determined their valuie. One of the first few coins were from China. The first real coins were probably made in Greece.

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The Dangers of Credit Cards

Credit cards are wonderful if you have money to pay for what you buy. If you do not pay your debt completely, you can have serious problems. You will have to pay interest, meaning you will owe more than you originally did. Many adults ignore the dangers of spending with credit cards and have terrible debts.

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How to spend safely

Pay the total debt. Do not buy other things if you already owe the bank. Set limits. Do not spend more than forty or forty-five dollars. Write down how much you spend.

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