IN DEBT WE TRUST

The first budget category was “snacks.” The second was “regret.”

✗ FAKE

This is a joke. Budget categories vary by person and organization and no first one is recorded.

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The first “emergency fund” was created after a man’s favorite chair broke. Disaster preparedness is personal.The term 'Black Friday' originally referred to a financial crisis, not a shopping day. Funny how capitalism rebrands trauma.The first financial rule was “don’t panic.” Finance immediately panicked and built an industry around it.The first “valuation” was decided by a coin flip. Markets later called it “price discovery.”“Cash flow” was first described by a poet watching money leave his wallet dramatically.The first recession started when a rich person said “I’m cutting back.” Everyone else immediately panicked.See all In Debt We Trust facts →

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