Monopoly

Here is a quote which is a bit scary how true it is.

"If the bank runs out of money, it may issue as much money on its own as it may need by merely writing on any ordinary paper" - The rules of monopoly, Parker Bros, Inc.

For some videos on how the monetary system works.

Money as Debt

Fiat Empire

I like how when you leave money in a bank account the bank could literally create 10 times more money and loan it out at higher interest then they provide. And I mean I like it in a sarcastic way.

Choices

I have just found out today that I will be receiving an $825 pay raise next year. I am deciding between putting this money in the Roth or to simply leave it in my savings account.

I haven't really planned on what to do with random bonuses on income. This bonus will turn out to be about $55 more a month, which is definitely not a lump sum, but something I feel like I should place somewhere automatically (so I never actually see it).

What are your thoughts? I am planning on making posts in the future on how to deal with windfalls and raises.