On This Day
In 1819, the price of bacon was 16 cents a pound; tea was $1 a pound, and shoes were $2 a pair. A skilled workman earned $1 a day, a laborer 75 cents, and a servant earned $2 a week plus room and board.
The Bank of Savings, the first savings bank in the United States, opened in lower NYC on this day in 1819. The Bank of Savings was built to help those struggling financially to maintain a savings account.
Summation of Spread
What is your financial philosophy? The Savings Spread examines your conceptions of finance—how and why you save.
The Seven of Pentacles represents an accumulation of wealth and the thought process regarding what to do next. Effort and responsibility are still required to see a project through to fulfillment, and there is much more to come.
Cast Your Cards
Make magic over your money. Place a reversed triangle over the pyramid found on the dollar bill to create a six-pointed star. Cast your cards in this shape.
1. My current and prevailing attitude about money.
2. My negative perceptions about money.
3. My positive perceptions about money.
4. What can I do to put more money in the bank?
5. What happens as a result of new financial investments and savings?
6. What is the great financial lesson of my life?