Want to save money? Get new banknotes!

Dirty MoneyThe Telegraph has a funny study on banknotes today. Researchers looked at how people spend money, particularly when they pay with either old filthy banknotes or with nice new crisp notes. You can already guess the conclusion: people tend to spend 'filthy money' faster than new banknotes.

Even though it's just money we value it more when it's nice and clean because it makes us feel proud to have it - especially if we're in a social setting where other people might see the bills, the researchers said. This could mean that asking a bank cashier for newer notes could in fact help curb spending, they said.

Of course, collectors already knew that nice uncirculated banknotes have far greater value.

Steven Thursday 15 November 2012 at 08:29 am | | fun
Used tags:
These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Del.icio.us
  • Digg
  • Google
  • Reddit
  • StumbleUpon
  • Twitter

No comments

(optional field)
(optional field)
To prove you're not a robot, answer this simple question.

Comment moderation is enabled on this site. This means that your comment will not be visible until it has been approved by an editor.

Remember personal info?
Small print: All html tags except <b> and <i> will be removed from your comment. You can make links by just typing the url or mail-address.