Money & Me: Money is sweet

Image by valuavitaly on Freepik

In 1980s Bulgaria, where I grew up, three generations would traditionally share a roof, as did we. I was my grandfather Ilya’s namesake and his favorite grandchild. I was not yet of school age when Grandpa started sending me to the corner store to buy him cigarettes, and generously let me keep the change. “Get yourself a sweet!”- he would say with a smile. Most often Grandpa would give me a 20 cent coin if he asked for the filterless, cheaper brand smokes costing 15 cents. 5 cents change was enough for a butter cookie or a wafer. But on a very good day, when he felt like indulging on 35c filtered slim cigarettes, he would hand me a 50 cent coin, which left me with 15 cents change. That was two chocolate dipped wafers, or a slice of cake! I was in sweet heaven while my Grandpa was poisoning his lungs.

I don’t know how long it took me to realize it but one day the light went on. If I was sent for the fancy cigarettes, but they were sold out (or I just say so!) I could buy the cheap ones instead and end up with lots of change. Lots in the eye of a child of single digits age. Even when Grandpa would give me the exact amount of coins for the more expensive cigarettes, if I bought the filterless fags, I’d have the upper hand.

Grandpa loved me so much. He loved smoking too. I doubt he ever got the drift of my little shenanigans. But with a bit of math I learned money’s top attribute - money is sweet!

Money & Me: The Beginning

 

Susan Sheldon / Eyeem | Eyeem | Getty Images

“In the beginning, there was…” barter. Money came later.

“Scientists have tracked exchange and trade through archaeological records, starting n the Paleolithic, when groups of hunters traded for the best flint weapons and other tools”, claims anthropologist Chapurukha Kusimba. “At first, people bartered, negotiating exchange deals between two parties for desirable objects. Money came later and its form evolved over the millennia – from natural objects to coins to paper to digital versions. “

Mother-of-pearl shells, amber, obsidian, copper, iron, silver, and gold have served as currency at different times. The Mesopotamian shekel - the first known form of currency – emerged nearly 5,000 years ago. The earliest known mints date ~600 B.C. in Asia Minor, where the leaders of Lydia and Ionia used stamped silver and gold coins to pay armies. 

Having been around for so long, one would think money is a settled matter. But money is a fickle thing. 

I was introduced to money only half a century ago, yet in this relatively short period of time, I witnessed three redenominations of the Bulgarian lev in my home country. Nineteen European countries underwent currency substitution during the formation of the European Union. I lived in four countries after leaving home and I dealt with four different currencies. Moreover, I witnessed different attitudes toward money around the world.

Want to read about how I got to know and value money? 

Follow my "Money & Me" adventures (and misadventures!) in the next several weeks.