Near The End

Well this week we are learning about credit cards and how to use them wisely. Credit cards can be evil or your best friend, but you have to use them wisely. To use them wisely is to never ever go close to your limit on the card. Another thing you have to do when using a credit card is you have to pay your bills on time. If you don't use the credit card wisely it will ruin your credit score. These both play on each other. So do if you do bad things with credit card it will look bad on your credit score. Your credit score also depends on whether you can get loans and etc. So don't miss up and into debt using a credit card. Just don't! Bye for now cya next week!

Team Friday

Well this week in Econ we are still doing are little scenarios with our own budget and etc. We are also learning about how to invest our money. It is important to take into account that best way to invest your money. Savings account is not the best way to invest but it is a good way to start off on. When looking to invest your money you should look for compound interest. That is way better than just simple interest. A lot of companies give compound interest. Another thing to look for in trying to invest your money is the interest rate itself. That is important because its sets how much money you can make from investing your money. That is what we learned this week in Econ. Bye now:)!

Back from Easter

Hey everyone! I'm glad to be back form Easter Break! So on my arrival back to Peninsula Catholic Economic class we have started to learn about money and banking. We are also doing a game with fake money to simulate real life. As of right now I am not doing good at all. In fact I am in dept right now waiting on my next paycheck. The game just shows how hard life can be sometimes. It also teaches the value of saving your money. We also learned about banks and why it is important to pick the right one. We also learned that is impossible to counterfeit money in US. They have all these security things added to the dollar. It's crazy! That is most of our week so tune in next week for another update! Cya soon!