Investing

Today we learned about investing it was interesting to find out the different ways we as citizens could use our money. Instead of wasting our money on something we really wouldn't need in the long-run we could invest it in a company business to make money. By saving money all be able to become rich.

Consumer Fraud

ž    I learned that it is so important to be careful these days. Its very easy to steal someone identity without the victim even knowing. Its important that you don’t carry your social security number with you it’s a threat and you might even loose it. Stay safe and be careful how you spend your money is key to having a happy and helpful life. Don’t give in to scams on the phone or even computer emails.

Owning vs Renting

In my opinion I believe that renting is better because you don't have all that maintenance and worries. When dealing with owning you are the owner which means anything that goes wrong you are responsible for. I am now informed that they both have their pros and cons.

Taxes and Insurance

So today we learned about taxes and insurance it wasn't really that interesting but it was full of useful information. Taxes it what you are required to pay by law from the government. insurance is something useful to have god forbid something bad happens to you like a fall or other serious injuries.

Finance and High Education

Today we learned about collage loans and how we as students need to be smart about what school we invest in. Some people live their whole lives in debt and never are able to get out of it. I want to be able to go to college but at the same time I want it to be easy to pay off my debt. When time to take out a loan I am going to get a government loan private loans have less interest so I have learned. I do want to go to a good collage. I don't see why college is so expensive most people go but can`t even afford it.

Credit Score

 Yesterday we did EverFi and the topic was credit score it was interesting to see how we can grow up and not even know the importance of a credit score. Your credit score is the most important number you'll ever receive besides your social security but they do work hand in hand. Poor credit is what we need to stay away from its not good to have bad credit because it prevents you to take out loans like car loans and if you were interested in buying a house. If you have good credit score its helps you to get jobs when interviewing for a job the boss usually is interesting in seeing what your credit score looks like. I am now informed about how credit score works and how I can use it wisely.

Payment, Credit Cards and Interest Rates

Its really important for us to know as teenagers how to use a credit card. I never knew that we have to pay the bank back what we spend and on top of that they include interest. The people that work for banks are very sneaky when it comes to making money. Many people neglect the need to pay back what they owe which later turns into debt. Interest is not a good thing only in terms of savings its good, when we talk about credit cards interest is what we have to pay the bank when using a credit card.

Banking and Savings

Today we learned about banking and saving I never really knew that your money could increase when you keep putting money in your savings account. Its kind of unfair how the bank uses us to make profit but we have to be smart about how to invest our money. Its good to have a savings account because you never know what will happen in the future.