8 Ways Different Cultures Deal With Cash

Managing your finances is one of life’s most valuable skills. Did you know that the methods we’re taught about handling cash vary depending on our upbringing? Many cultures think outside the box and use creative practices to achieve the same results.

In the United States, parents commonly give weekly allowances to their children to teach them about money. Whereas in many Muslim-dominated cultures, there is an emphasis on donating to charity.  Other areas like in Kenya encourage the community pooling of resources to benefit all.

This illustrated guide below from Budget Direct highlights some of the most interesting things that people around the world do with their money. Each illustration includes text in the country’s original language as well as an English translation. It’s interesting to learn how other cultures perceive and handle money.

How do you teach your kids about managing cash?