Financial literacy Highlights Podcast

Investing

The bigger the risk, the bigger the potential reward. That's a quote that is usually said when you are talking about investing. I can apply what I learned in this module by deciding if I should ever buy stocks or bonds. I would most likely get bonds, because they are less of a risk. Then again I might get stocks because there is a bigger chance of a higher reward.

Consumer Fraud

I can apply what I learned in my life by being more careful of what I say over the phone. I should also be careful where I put all my personal information. Also I should put a firewall on my computer so they can’t get my information from there. You can never be to safe.

Taxes and Insurance

I can apply what learn by I know how to fill out the tax form, I have to fill annually. I also know that I should get insurance just in case something would happen to me. Atleast I would get some money from that. Lastly I know not to be cheap because if I get into an accident it would've probably have cost less to pay the monthly amount for the insurance

Renting vs. Owning

This can be applied into my life because I'm almost 17, which means I will be going to get my permit. This showed me that I should maybe buy a used car since they would be cheaper. This also should me what the differences between owning and renting. It told me that people that rent things can't really do all they want with the thing or things their renting.

Financing Higher Education

I'm glad we did this topic. Financing Higher Education is something that I have to start looking into because I will be going into college in two years. I will probably apply for financial aid. Financial aid is a "Free Application for Federal Student Aid" which is the main form used to apply for federal education grants and loans. Another thing I learned is the good things about a loan for school is you get a grace period of 6 months.

Credit Score

Your credit score is a very important thing, something you should not mess with and should work hard to keep high.Your credit score is a numerical rating of you credit card-worthiness. Banks and other lenders use credit scores to evaluate if somebody is qualified for a loan. This topic can be applied to my life because now I know to always try to keep my credit score high. I know now not to buy or take loans I can’t pay back.

Payment, Interest Rates and Credit cards

Interest rates are very interesting but dangerous ! Interest rates on credit cards can from 0% for the first six months to 26% after. It is important to know all the rates because if you cant pay it, it will just keep increase how much you got to pay.

Banking

I learned a lot from this topic. I learned that banks can charge you fees from using other ATM's. I also found out that the numbers on the bottom of a check is your bank account and I also learned that balancing your check book is another saying for balancing your checking account. Another big thing is when I get my bank account, I will know all the fees that come with it. I will also know  that my bank has a lot of programs to offer me money in case I need it

Savings

I learned that saving your money earns you more money from interest and compound interest.

I also learned the rule 72, which is a way to see how long it will take you too double your money. The main thing I learned and the most interesting that I found out is that my money will make money if I put it in a savings account. I think I should put a lot of money into a savings account so that in can build up over time

Learning Reflection

This week in computer applications we learned about MLA formats. This format is how most colleges want you to write. I've been writing like this my whole life, so it was easy !