Personal Finance

The faces on every U.S. bill in circulation include five American presidents and two founding fathers. They are all men: George Washington, Thomas Jefferson, Abraham Lincoln, Alexander Hamilton, Andrew Jackson, Ulysses S. Grant and Benjamin Franklin.

Housing is the largest average cost at $2,025 per month, making up 33% of typical spending, according to the most recent Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics (BLS).

College students can earn a $100 bonus and avoid monthly fees with the Chase College Checking Account

TikTokers are trying to save more money in 2024 with the help of the new “loud budgeting” trend

Before the discovery of gold in the Western United States, there wasn't enough precious metal in the US economy to make coinage. Prior to 1857, foreign coins were accepted as legal money.

At one time, Queen Elizabeth II appeared on at least 33 different currencies, more than any other monarch, an achievement noted by Guinness World Records.

According to the U.S. Bureau of Labor Statistics. The average person spends about $199.91 per day. This figure includes spending on housing, food, transportation, entertainment, clothing, healthcare, and other goods and services.

A 2023 survey from Bankrate found 47% of U.S. adults have unused gift cards, vouchers, or store credits. The average American is sitting on $175, that's up from $116 last year.

It would take 4,000 double folds, forwards and backwards, to tear a banknote.

The Secret Service was established in 1865 as a bureau in the U.S. Treasury Department to combat widespread counterfeiting. Following the Civil War, between a third and half of all cash in circulation was counterfeit.

According to economists, coins and banknotes make up only 8% of the world's cash. The great bulk of money in circulation today is digital.

Making a penny these days costs more than one penny. That's right, the U.S. Mint estimates that the cost of each coin is about 1.7 cents.

According to Google Trends on November 8th 2023, searches for "cost of groceries" were at an all time high.

Grooves were inserted on US coins to prevent coin faces from being scraped off and sold as precious metal. A US dime has 118 grooves across its edge, compared to 119 on a quarter.

The British Pound is the oldest currency still in circulation. The Anglo-Saxon Kings used silver pennies, or sterlings, as currency around 775 AD.

U.S. Cash in paper form is not "paper". American paper money is made of 75% cotton and 25% linen, which does not technically qualify as paper.

Making a US nickel costs more than double what it’s worth. As of last year, every nickel cost 10.4 cents to make, up 40.2% from 7.4 cents in 2020.

All banknotes wear out in time. Since smaller-denominated notes are used more often, they have a shorter lifetime. Typically, a USD $1 bill will last about 21 months, while a $20 bill can last over seven years.

The Founding Father of the United States and famed inventor Benjamin Franklin's face appears on the $100 bill, but you won't find the $ sign. Believe it or not, the $ sign does not appear on any US currency bank notes.

The 100,000-peso note issued by the Philippine government in 1998 is the largest banknote in the world. The note was created to commemorate a century of independence from Spanish rule.

The word cash was originally used to describe the type of round bronze coins with square holes commonly used in the Tang Dynasty, called kai-yuans.

Creating a budget in college can help you understand where your money goes each month, which is a good first step to take when you’re learning to manage your finances.

Canada had a 25-cent banknote known as the "shinplaster" that first appeared in 1870. It was in circulation for about 65 years as the intrinsic value of metal rose above the value of coins.

What Is Kakeibo? Kakeibo, pronounced “kah-keh-boh,” translates as “household financial ledger.” Invented in 1904 by a woman named Hani Motoko (notable for being Japan’s first female journalist), kakeibo is a simple, no-frills approach to managing your finances.

Canada stopped using the penny in 2013. A penny is worth so little that it was costing more than a cent to make each one! Today, when buying with cash, we round to the nearest five cents.

Nearly 3 in 4 Canadians report rising prices impacting their ability to meet day to day expenses in 2022, according to StatsCan.

Rob Carrick speaks with Shir Magen, the CEO of HomeStars on his Stress Test Podcast about the popularity of renovations, the types of renos that add value to your home and money-saving tips for those considering heading down the reno route.

The first Canadian woman to appear on a bank note was Viola Desmond. She appears on Canada's first vertical banknote issued in 2018.

In a 50/30/20 budget you should aim to spend your net income in this way: - 50% on your essential needs - 30% on your non-essential expenses - 20% on savings contributions/debt repayments

There are over 1.5 billion Canadian bank notes in circulation. In fact, if you stacked them all together they’d reach a height of over 150 kilometres. That’s officially outer space!

One in four Canadians are unable to cover an unexpected expense of $500, according to StatsCan.

Making a budget can help you: - set spending limits - find ways to pay down your debts - reduce costs and save more - live within your means - reduce stress - have more money for things that are important to you - feel in control of your money

Money Shame - You’re broke, but you blow $100 on a dinner you can’t afford. You feel like you’re bad with money and your way of coping is to ignore your finances.

At the national level, full-time graduate students paid, on average, $7,437 for the 2022/2023 academic year, whereas undergraduate students paid $6,834. This represents a 1.7% and 2.6% increase, respectively, from the previous year.

While you would be forgiven for being nose-deep in your books, it’s time to take a minute to reflect on how you’re managing your money. Do you have a budget? Or are you spending on the go?

Canadian gasoline prices dropped year over year for the second consecutive month in March (-13.8%), the largest yearly decline since July 2020.