Personal Finance Tip of the Day
How old is the concept of saving?
- It may go back as far as the Neolithic period.
- It is tied to the beginning of agricultural production.
- It is believed it coincided with man settling into villages.
- It began when humans began having surpluses.
The concept of saving may go back as far as the Neolithic Period (around 10,000 b.c.e.) when early man began settling in villages, engaged in agricultural production and animal husbandry. The very fact that they were producing more food than each farm could consume, means that they had to save and later, trade the surplus.
From The Handy Personal Finance Answer Book by Paul A. Tucci, (c) 2012 Visible Ink Press(R) Answers to more than 1,000 answers to questions on personal finance, its history, and managing one's financial life.
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