Money Infographics

1. MEDIUM OF EXCHANGE:
Can be used in exchange for goods and services. Reduces transaction costs by a huge margin, because people no longer need to barter.

2. STORE REVALUE:
Can serve as a store of value, i.e. can he used to transfer buying power into the future. Needs to he durable and most not lose significant value over time.

3. UNIT OF ACCOUNT:
Can be used as a measure of economic value. Allows to easily compare the value of completely different goods and services.

TYPES OF MONEY
Depending on what some money derives its value from, it can be divided into different types:

COMMODITY MONEY

Value is derived from the material the commodity money is made of (e.g. gold, silver, salt, shells, etc.)

vs

FLAT MONEY
Value is derived from a government order. Has no significant intrinsic value (eg. USD, EUR, JPY, etc)

Note: There are additional types of money that include characteristics of both types mentioned here (e.g. representative money)

INTERESTING FIGURES
more than 4 trillion worth of cash in circulation (measured in USD)

191
official currencies around the world.

$50,233
annual income for average American household

Research a topic that you can build a blog business around… (emphasis on business)

Niche down your topic so you and your site can be the authority.

Create an editorial calendar to make sure you have enough topics to write about.

It’s time to go live with your blog. Choose a relevant domain name and quality web hosting.

Install WordPress, top plugins and also a nice premium theme to stand out from the crowd.

Create engaging content that provides value and solves a problem. The more detailed, the better.

Create social profiles on every network for both your personal brand and blog.

Setup a mailing list for your blog to capture and grow your long term following. Create autoresponder series.

Take your blog to the next level by creating your own products and services to sell.

Don’t waste those meal-plan dollars.
If you have a college meal plan, use it! It’s already been paid for, so why pay even more to go out to eat?

New isn’t always better.
Find out whether you can buy your textbooks used, share or borrow them from a friend, or rent them.

Use that student discount.
Keep your student ID handy, because many local
businesses offer discounts for students. Watch for advertised discounts near the store register. Every dollar adds up!

Weigh it Want vs. need.
Evaluate whether you really need something or if you just want something before you buy it.

Seek out employment opportunities.
Many employers – especially on-campus gigs -are willing to work around class schedules.

Take advantage of your credit union membership.
Dupaco is all about improving its members’ financial positions. See how you can lean on Dupaco for guidance.

2. Until the Federal Reserve was created in 1908 individual banks made their own money. A bank in Chicago could print money and trade with a bank in New York in the same way that the US could trade money with China today.

3. There is more money printed for the game Monopoly every year than real money printed around the world.

4. Martha Washington—appearing on the $1 Silver Certificate in 1886 is the only woman to have ever appeared on a US currency note.

5. Zimbabwe has experienced the worst inflation in the world—6.5 sextillion percent in mid-November 2008.
That’s 6,500,000,000,000,000% per month!

6. The United States Secret Service—the same people who protect the president today—were created during the Civil War to fight counterfeiting.

7. 1913 Liberty Head nickel is one of the most expensive coins in the world, with one selling in 2010 for $3,737,500. The coin is so rare because it was printed by a rogue Mint employee who only made 5 pieces.

8. In 1936, the US Bullion Depository at Fort Knox was built. It holds 4,578 metric tons of gold. But gold stash at the New York Fed is even bigger at 7,000 metric tons! Together it is 7.5% of all gold ever refined.

9. The world’s oldest “money” is probably small pieces of obsidian that were used in Turkey as far back as 12,000 BC.

10. China was already using paper money more than 1000 years ago—Marco Polo wrote about it during his expeditions!

2. YOU HAVE TO BE RICH TO INVEST

3. CARRY A SMALL CREDIT CARD BALANCE

4. I DON’T EARN ENOUGH TO SAVE

5. INVEST IN GOLD

6. MY PARTNER MANAGES OUR MONEY SO I DON’T NEED TO WORRY ABOUT IT

7. CASH IS KING

8. I DON’T EARN ENOUGH TO SAVE

9. TWO INCOMES ARE BETTER THAN ONE

10. I DON’T NEED AN EMERGENCY FUND

WWW.LISTENMONEYMATTERS.COM

2. YOU’RE NOT INVESTING

3. YOU’RE EASILY INFLUENCED

4. YOU THROW MONEY AT THE PROBLEM

5. YOU DON’T NEGOTIATE

6. YOU DON’T SHOP AROUND

7. YOU DON’T TAKE FREE MONEY

8. YOU PAY A PREMIUM FOR VACATIONS

9. YOU’RE IMPULSIVE

10. YOUR GOALS ARE GENERIC

2. Bank fees.
Banks love to slap you with fees at the drop of a hat but that doesn’t mean you have to put up with it An easy way to avoid fees is to consider using a credit union.

3. Extended warranties.
Retailers push hard to sell you extended warranties – and conveniently pump up their sales figures at the same time. Warranties can sometimes cost as much as a new or lightly used item.

4. The roof over your head.
The U.S. Department of Housing & Urban Development recommends spending less than one-third of your income on housing.

5. Unnecessary smartphone data.
When buying a new cell phone, pay a little bit more upfront by choosing the unlimited data and text messaging plan. Set a three-month check-in and analyze your spending pattern to see where you can cut back.

6. Online shipping.
Nearly all retailers offer some sort of option that gets your purchases to your doorstep without additional fees. Use Freeshipping.org to search stores and products and their deals on shipping.

7. Cheap art.
The best way to score deals on art is to track up and comers.
You can nab their art early on and laugh your way to the bank after they’ve made it big.

8. Fast food.
You’re only hurting yourself (and your wallet) if you’re feeding yourself out of the bodega around the corner from your home or office.

9. Piecemeal insurance.
Buying overpriced insurance for things like accidental death and diseases is an easy way to blow your funds. Getting a good term life insurance and disability insurance is better in the longrun.

10. Lousy gifts.
You should think twice before rushing out and buying dad another tie for Christmas. Instead pool some money together and donate a gift to someone who is truly in need.

11. Weight loss traps.
Supplements and weight loss pills marketed as miracles for overweight couch potatoes are expensive and can be unhealthy.

12. Lottery tickets.
Buying a lottery ticket every once in a while can be fun. but the odds are incredibly stacked against you. You should use the money toward something like retirement or a nice meal.

13. Brand new cars.
Used car options can save you a substantial amount of money. Check out Kelley Blue Book to get an idea of how much you should pay for a used car. Another option is leasing a car.

14. Subscriptions.
Subscriptions – to magazines, newspapers, and the gym — can add up, and oftentimes, we don’t use them as much as we had originally planned. Instead, try paying for things as you need them.

15. A morning latte.
Purchase a nice coffee maker instead of always grabbing it on the go. Often, spending more on quality items can save you money in the long run. Think of it as an investment.

Young Children:
Building the Foundation
Learning the basic concepts of good spending and saving habits is ideal for children beginning around age five.

Shopping Sense
Take your child to the grocery store and show him or her the cost of different items. Have your child use a calculator to help you find the best values while shopping.

Piggy Bank
Give Suzie coins and bills to put in her piggy bank to purchase small items and learn about saving.

Wants vs. Needs
Discuss the things that । you’d like to hove vs. the things that you need to live.

Compare Prices
Use currency or other items representing value to demonstrate the cost of items at the store.
Show your child that some toys or other items cost more than others. Talk about the difference in price between different toys or items your child might want.

Hove them select on item of theirs they no longer use to give to charity.

Hove them choose food items from your pantry to donate to a food bank.

Give a small sum to charity.

Generosity
This is a good age to teach your child about giving.

Young Children to Tweens:
Budgeting Basics
At this age. your child may be ready to learn about currency, more complex budgeting, and setting goals.

Short and Long-Term Goals
Encourage your child to set short and long-term savings goals such as her weekly entertainment budget, and how much she plans to put aside for more costly items.

Easy Economics
This is a good age to introduce developmentally appropriate concepts of home and our nation s economy.

Save early
Children ore usually too young for checking accounts at this age. but they may be ready for a savings account. If not, you can reevaluate m a few years.

Tweens to Teens Training Wheels
Although your tween or teen may not have the maturity to handle money responsibly, it’s a great time for introducing them to these topics.

Credit Concepts
This is a good time to teach your child about borrowing, lending, and how credit cards work.

Checking Accounts
Prepare Johnny for hu own checking account by showing him how to write a cheek, use the register and monitor the balance online.

Odd Jobs
Kids this age may enjoy earning extra money by mowing lawns, gardening, or babysitting, for example.

Young Entrepreneur
Basic business concepts are an excellent topic for some children. If you hove a child with ample motivation and interest in business, you may invest in resources to teach your little tycoon basic entrepreneurship skills.

Teens Almost There
Teens should know or be in the process of learning the financial skills necessary for their approaching adulthood. Banking, credit, and investing are topics they should have a handle on before diving in.

Checking In
It’s up to you now to determine if your child is able and willing to manage a checking account.

Investing in the Future –
The teen years often present the best opportunity to learn about the basics of investing such as retirement accounts, CDs, stocks, and more. For the responsible, investment-savvy teen, you may allow them to invest small sums (that you don’t mind losing) in stocks and have them track the results (And keep careful records for tax purposes.)

More About Credit Cards
Junior may be ready to learn more about how to responsibly use credit. Consider a prepaid debit card, co-signing a new card or adding your teen to your existing credit card.

Big Plans
Learning how to plan for purchases such as cars, homes, and college tuition helps your teen easily transition into adulthood.

Jobs
Part-time jobs, odd jobs, or even a business for that young tycoon, may help foster responsible money and business management skills.

TYPES OF COACHING
Coaching intensives/VIP Days
Group coaching programs
Workshops/Webinars/Seminars
Retreats

TYPES OF COACHING
Coach in residence
Team coaching
Monthly Memberships
Speaking engagements

TYPES OF COACHING
Write a book
Audiobook
Digital Coaching Program
Consulting
Training Program

2. Never pay for in-room drinks or snacks

3. Sign up for newsletters and updates

4. Follow sites on social media for special deals

5. Stick with one site for frequent user benefits

BONUS TIPS:
Two travelmath tools to help with hotel booking

HOTEL CALCULATOR
http://www.travelmath.com/hotels-near/

CURRENCY CONVERTER
http://www.travelmath.com/currency/