New note
by Penny on December 22, 2007
It’s funny how fickled our central bank is. We’ve changed notes so many times as far as I can remember. We used to have a 20-dollar bill but for whatever reason, it was terminated. Then came the 1-dollar coin. Soon, some smart alec thought it wasn’t so brilliant and they did away with the coin. We also used to have 2-dollar and 500-dollar notes too, and I don’t understand why they too were taken off the market.
The latest is the new 5-dollar bill. It’s to be implemented because it’s got some anti-forgery technology in it. Really? Whatever, not that I care.
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A little bit about Penny, author of this blog
I want to learn the art of creating, managing and preserving wealth. It's not as easy as ABC but I believe it can be done well with lots of determination, discipline and perseverance. To date I've written 211 posts relating to money matters on this site.
I own a blogshop, Penny's Online Shop, offering trendy ladies apparels at very reasonable prices. I also write a shopping blog, a mummy blog as well as a contributor to a health & wellness blog.
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Smart money management is everything. The lack of smart money management is why we ended up in a huge recession. Everyone wants to borrow money to pay for things they can’t afford. Everything is charged to credit cards with outrageous interest rates, home loans are given to people that aren’t credity worthy for homes that aren’t worth loan amount, and to top it off banks are pushed to make loans to profit from all the up front interest charges you have to pay.
I used to keep a credit card on hand just incase of emergencies, but who really needs a credit card. I cut it up and cancelled my account. I figured it’s not worth hanging onto. What I really needed was to save a little money every week and maybe invest some in stocks while the market is down.
I know everyone feels sketchy about the stock market now, but that is when you are supposed to buy. Buy when everyone is fearful, isn’t that what Berkshire Hathaway said? Well, that’s enough from me. Just thought I’d share my opinion. Thanks for reading.