5 Surprising Things to Learn About Money
December 21, 2020 | Peyton Sawyer
Money makes the world go ’round. It's such a widespread belief that there is even a song about it in both the stage play and the movie “Cabaret.” What do you know about this currency, though? Below we have compiled some interesting facts about money that may surprise you. And if you need money right away, you can always apply for a title loan.
- People in the US spend A LOT on higher education- On average, a first-time student in the United States will have loans over $20,000 for their Bachelor’s degree. If they decide to further their education, they will continue amassing debts, including an average of $17,000 more for a Masters.
- There is less real cash printed annually than monopoly money - Every year, approximately $975 million in actual cash is published throughout the USA. Monopoly prints around $30 BILLION a year, which is around 30 times more than the real money printed.
- Coin ridges started as an anti-theft device - Before 1965, coins were made out of actual precious metals. Thieves figured out that they could shave the coin’s edges and make money selling those shavings without being detected. Because of this, ridges were added to the sides as a preventative measure.
Over time, the materials used to make coins changed from precious metals to an alloy mix, usually cooper. The ridges remained, even after this change, mainly to help those who were visually impaired tell the difference. A dime has 118 reeds, a quarter 119, and a half dollar 150.
- Bills are only foldable for a limited time - Everyone has a bill that is so worn it seems a s though it can crumble in your hands. These are the bills that you don’t bother trying to use in a vending machine.
Eventually, the overused bills are taken out of circulation and destroyed by the Federal Reserve. A bill is made to withstand being folded up to 4,000 times in its life.
- Some US cities have individual currency - Back in the Great Depression, a municipality having its cash was very commonplace. This was used as a way to stimulate the circulation of money throughout smaller communities.
This occurrence started to make a comeback in the early 1990’s, and it seems that the place of resurgence was Ithaca, NY.
What If You Have an Expensive Emergency?
Even without knowing these interesting facts about money, everyone would love to have a stockpile of cash. Few people in the world today can say they have an endless amount of money at their disposal, let alone enough to weather the storm an emergency situation can prompt.
So, what can you do if you need to repair a blown engine on your vehicle? How would you handle a tree taking out your wire service after collapsing on your roof - especially after your homeowner’s insurance states what they will and will not cover? Can you cover the high deductible? If you experience an emergency like this or something similar, the added stress of finding the money to handle such an event can be overwhelming.
These are the types of life situations that loans are made for, and one of the most accessible and straightforward loans that you can apply for, is a title loan.
What Is A Title Loan?
A title loan is a loan that is simply stated in the name. This type of loan is available to those who hold the title to a vehicle they own. If you need emergency funds and have a lien-free title to a car that is registered in your name, then you may be closer than you thought to getting the inflow of cash that you need.
These specific loans are intended to help in the immediate future. They are not intended to solve long-term financial deficits, and should not be used as such. Eligibility for title loans can range from those who have no credit to bad credit. You may qualify for the emergency cash you need.
Apply for a Loan With Idaho Title Loans, Inc.
There are two ways to apply for Idaho title loans through IdahoTitleLoansInc.com. Both begin with filling out an online request form and submitting it. From there, you will choose whether you want to visit a nearby store location or if you would like a representative to call you to begin the application process over the phone!
If you choose the more traditional way, you will be called back by a representative who will help you to begin the application process once you have submitted the online form. After speaking to a representative, you will then drive to the Idaho Title Loans store you choose to finish the title loan process.
If you opt to have a representative take your application over the phone, you can then have them come to meet you in a place more convenient for you. They will then perform a quick inspection of your vehicle and verify the required documentation right there.
No matter how you choose to complete the application process, you will need to provide your representative with some requirements. You will need proof of identification, such as a state issued I.D. or driver’s license, as well as, a lien-free vehicle title and proof that the vehicle is registered in your name.
Once your application is completed, and the representative verifies your vehicle’s worth to ascertain the loan amount, you will sign the documentation. Upon approval, the loan amount you are approved to receive will be deposited into your account the next business day.