Monday, November 9, 2015
Wednesday, October 28, 2015
http://www.cbsnews.com/videos/teaching-kids-about-money/
This link above is a video that teaches how kids should manage their money and how they can learn about how to manage it better and get some money knowledge young. They teach you what you should do with it and how parents should teach kids about it. My parents have somewhat taught me about hoe to manage my money and how to save it. I have always been a kid who really likes money and making it. I've also been a saver, not a spender. I've asked my parents good ways to spend my money and how to save it. I get allowance and my parents have it so we save 40% of our "payment", i also have a job and they teach me what to do with my money. I have learned most of my banking and money saving knowledge from this online site called Everfi. The first thing I learned about was interest. We learned that interest is the fee someone has to pay to borrow money. I also learned about liquidity. Liquidity is how easy or hard it is to access your money. A saving vehicle is like a bank account, but there are many different types. Some let you access you money and be able to withdraw it, others won't allow you to access your money, and give you interest. Some accounts require a minimum balance, which is the minimum amount of money you need to create or make a savings vehicle. If you don't have a certain amount of money and account. An APR is the percent yo uare taxed on your credit car usage per payment. There is a lot of different money saving terms and they are all important. I have named a few of the ones i have learned about. There are lots more that are important to know and understand.
This link above is a video that teaches how kids should manage their money and how they can learn about how to manage it better and get some money knowledge young. They teach you what you should do with it and how parents should teach kids about it. My parents have somewhat taught me about hoe to manage my money and how to save it. I have always been a kid who really likes money and making it. I've also been a saver, not a spender. I've asked my parents good ways to spend my money and how to save it. I get allowance and my parents have it so we save 40% of our "payment", i also have a job and they teach me what to do with my money. I have learned most of my banking and money saving knowledge from this online site called Everfi. The first thing I learned about was interest. We learned that interest is the fee someone has to pay to borrow money. I also learned about liquidity. Liquidity is how easy or hard it is to access your money. A saving vehicle is like a bank account, but there are many different types. Some let you access you money and be able to withdraw it, others won't allow you to access your money, and give you interest. Some accounts require a minimum balance, which is the minimum amount of money you need to create or make a savings vehicle. If you don't have a certain amount of money and account. An APR is the percent yo uare taxed on your credit car usage per payment. There is a lot of different money saving terms and they are all important. I have named a few of the ones i have learned about. There are lots more that are important to know and understand.
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