Saturday, September 15 is Free Money Day.
Money that’s free? Oh come on…..
That’s right. It’s an alternative “celebration” of sharing, taking place at over 100 sites worldwide, where people will give out their own money to complete strangers, asking them to pass half of that sum on to someone else.
From India to Ghana to the United States, people have pledged to explore a different way of sharing beyond the traditional economy. Now in its second year, this eclectic event is timed to coincide with the fourth anniversary of the fall of the Lehmann Brothers bank—which became a turning point in the 2008 economic crises.
The Post Group Institute, who is sponsoring this day, sees it as “a global invitation for people to explore, in a liberating and fun way, what it might be like if our relationships to money were a little different,”states the group’s co-founder, Dr. Donnie Maclurcan, of Australia.
There is no set amount for someone to give away, and it can take as long as two minutes, or three hours, depending on your resources. It can be done at any time of day, at work, in the neighborhood, etc. This is an exercise to get us thinking about money, the values we attach to it, and the feelings that arise in giving money away. Moreover, it’s an opportunity to appreciate the non-monetary things that can happen in an encounter, such as a smile, or a friendly exchange. This is not intended to be a “hand out,”
Yes, it’s legal,and not a scam. In 2011, the first year, nineteen countries participated, and for 2012, that amount has doubled in terms of involvement, with the US having already pleadged nearly $3700. This can be a great starting point for conversations about alternative currencies, sharing economies, and the driving force behind money in general.