Friday, May 9, 2014
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:)!
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I agree that it is so important to watch how you spend your money. It is also important to do your research before you decide how to invest your money. What we learned from Market Watch is you definitely do not want to invest in a failing company. Keep up the good work!
ReplyDeleteI agree I love this blog and it makes sense. why would we use simple interest when we could be using compuond interest and make it work for us.
ReplyDeleteYour blog was interesting to read about this past week.
ReplyDeleteI agree with your blog. Investing is very important but we have to know how to invest it and control it. Our little scenarios with bills we have to pay and checks we geta re interesting too, good blog.
ReplyDeleteCompound interest is definitely a plus to look for if you can find it. I'm sure that you need to start out with a lot of money in the bank account. You would end up with even more! But I agree with your blog and I enjoyed this week as well.
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