LIFE

This week in the fine class of economics, we learned many things about how to decide which credit to buy, and how to just make good decisions that will affect our life. We played Life, which is a great game to help you decide how you might want to live your life. You make decisions like whether to go to college, what house you want, and the decisions you must make if you lose your job or don't have enough money to pay the fees needed. Involving credit, we learned the different types of credit and sources of financing to make the best economic decision when we need to buy something. We even got to look at the differences between real life credit cards to find the best match for us! I think this is interesting because it helps me realize that I need to be prepared and know how to make good decisions

The Weekly Overview

This week we learned all about investing. Investing is so interesting to me because you can get money for just putting your money in  a bank! I personally don't see why anyone would choose simple interest when there is compound interest, where you get SO much more money in about the same amount of time.This makes me want to start putting my money in a bank with compound interest because I just received my first job. We watched a video on smart financial planning, and saving was a major idea in this movie. I want to save now before later, so I'll have money to spend when I need it. This week we received another paycheck, but also paid more bills. We played an online game called Spent, which showed me how hard the reality of life really is, and how sometimes you need to make sacrifices to just survive a month.

Banking!

This week in econ we learned all about banking in a very creative way! I've never felt like more of an adult by writing a check and putting deposits in a checking account. It was really cool to buy things with our own money and watch how much we spend with our budget and receiving paychecks.We also watched a movie on how money is made. This is very fascinating because we could see all of the safety features added to create the perfect almost uncounterfeitable bill. I learned about life, and how you have bills and you sometimes lose money but you have to keep a balance. All in all this was a very great week!