{"id":758,"date":"2015-03-10T13:38:14","date_gmt":"2015-03-10T18:38:14","guid":{"rendered":"https:\/\/www.creditaid.ca\/blog\/?p=758"},"modified":"2015-03-10T13:38:14","modified_gmt":"2015-03-10T18:38:14","slug":"paper-or-plastic-or-cloud-the-evolving-concept-of-money","status":"publish","type":"post","link":"https:\/\/www.creditaid.ca\/blog\/2015\/03\/10\/paper-or-plastic-or-cloud-the-evolving-concept-of-money\/","title":{"rendered":"Paper or Plastic or Cloud? The Evolving Concept of Money"},"content":{"rendered":"<p>\t\t\t\t<a href=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/03\/dollar-sign.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-medium wp-image-759\" alt=\"dollar-sign\" src=\"http:\/\/creditaid-2017.home.justinwiebe.ca\/components\/com_wordpress\/wp\/wp-content\/uploads\/2015\/03\/dollar-sign-209x300.png\" width=\"209\" height=\"300\" srcset=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/03\/dollar-sign-209x300.png 209w, https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/03\/dollar-sign.png 400w\" sizes=\"(max-width: 209px) 100vw, 209px\" \/><\/a>You need only to look at the recent <a href=\"http:\/\/www.mint.ca\/store\/mint\/about-the-mint\/phasing-out-the-penny-6900002#.VP84gfnF_jU\" target=\"_blank\" rel=\"noopener noreferrer\">demise of the penny<\/a>, or see the \u201cwave your card here\u201d payment option at the supermarket to know that the way that we think of and use money is changing.<\/p>\n<p>In ancient times, humans would barter objects or labour directly. A farmer might give his neighbour two chickens in exchange for a bag of flour, or might help build a fence and be rewarded with a sack of carrots.<\/p>\n<p>At its core level, money is a substitute for human labour or resources, traded to someone in exchange for \u201cpayment\u201d. This payment can then be used to obtain the things you need or want from a third party, not related to the first.<\/p>\n<p>In the past we used gold and other precious metals to represent the value of our labour and goods, but switched to a system of currency consisting of minted coins and printed paper. In the 20th century, cheques and bank drafts simplified purchasing, and in the 1950s, credit cards were invented, to allow us to access money we hadn\u2019t yet earned, in exchange for a \u201cborrowing fee\u201d.<\/p>\n<p>Today, money exists in a number of forms. We still have \u201chard currency\u201d, or cash, but its use is on the decline. The digital revolution has brought us more options. As more and more purchases are being made at a distance, instant transfer of money via <a href=\"\/let-us-help-you\/credit-card-debt\" target=\"_blank\" rel=\"noopener noreferrer\">credit cards<\/a> and money transfer services have become part of the landscape.<\/p>\n<p>At the end of the day, no matter how you spend your money, simple rules of budgeting must apply to keep your finances in balance. With so many ways to spend money that don\u2019t involve any kind of currency, it\u2019s easy to forget to <a href=\"\/budgeting\" target=\"_blank\" rel=\"noopener noreferrer\">budget<\/a>. This is one of the ways that people wind up in financial trouble.<\/p>\n<p style=\"text-align: left;\">If you find your credit card and loan payments are making it hard to budget your money, <a href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">contact Creditaid<\/a> for a confidential assessment of your financial situation. We have tools that can help!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You need only to look at the recent demise of the penny, or see the \u201cwave your card here\u201d payment option at the supermarket to know that the way that we think of and use money is changing. In ancient times, humans would barter objects or labour directly. A farmer might give his neighbour two &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.creditaid.ca\/blog\/2015\/03\/10\/paper-or-plastic-or-cloud-the-evolving-concept-of-money\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paper or Plastic or Cloud? The Evolving Concept of Money&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[45,181,281,304,312,315],"_links":{"self":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/758"}],"collection":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/comments?post=758"}],"version-history":[{"count":0,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/758\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/media?parent=758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/categories?post=758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/tags?post=758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}