A money clip comprising a generally flat housing having an internal cavity and an elastic band secured to the housing for encircling and holding a wad a paper money between the band and housing. A magnifying glass is normally concealed within the cavity and is pivotally connected to the housing. The magnifying glass may be manually swung outwardly and inwardly of the cavity, to a location adjacent the housing, through an opening formed in the housing. The magnifying glass may be swung outwardly of the housing temporarily and by manually holding the clip with magnifying glass positioned over an object the print on the object may be read by the user, without disturbing the wad of paper money held by the money clip. Thereafter, the magnifying glass may be swung back into the housing cavity.