Thursday, July 30, 2015

6 Multicultural Money Lessons Worth Learning

"Customs may seem odd to outsiders but they're rife with meaning that can whisper valuable lessons to those who are willing to listen," Matt Alderton over at CreditCardGuide explains. "That's especially true of financial customs, according to cultural anthropologist Dr. Bill Maurer, a professor at the University of California, Irvine, and director of the Institute for Money, Technology and Financial Inclusion....."

Matt Alderton/ CreditCardGuide
"3. African culture
In Africa, money isn't the only “money.” “When you and I think of money, we think of cash and coin, or funds available in an electronic account,” Maurer says. “But in many places around the world, like rural Kenya, people add into the mix other things like animals, access to land or even kinship relationships … Lots of things can perform the stored-value function of money....”

Read on for the other 5 cultural meanings and lessons on money from around the world. 

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