5-23-14 week

This week we learned about insurance. The choices were renters, auto, health, and life. We formed groups working on the different kinds of insurance. Our group worked on doing renters insurance. We learned that prices can vary on different insurance agencies. It can cover for fires or theft. We did an everfi module this week on learning about taxes and insurance, and consumer fraud.

5-16-14 weekly

This week we learned more about banking and credit. We learned that there are three important major credit bureaus. The three are Transonian, Equifax, and Experian. Some types of credit are secured loans, open end credits, and service credits.We also learned about the pros and cons of having a credit card. Credit cards can help with paying things on time but a risk of having a credit card is that there is the risk of having identity theft. Using a credit card can can reduce the purchasing later on. They will ave less money to spend because they will have to repay it back some other time.

week

We learned more things about money. We talked about the same subject. The best way to save money is to pay yourself first and pay less on things you don't need. Compounding growth is how much your money grows over time. It's based on how much money you invest in and how long you set your money aside.

week blog

We earned about money and banking. Money are goods that can be accepted for exchanges and to pay off debts. Money has three functions. It's a standard of value, store of value, and the medium of exchange. Money also has many characteristics. It has to be difficult to be counterfeited and it has to be scarce. Banks make money by charging interests. The Fed can clear checks and supervises banks.
We watched a video called The Red Paperclip.