Thursday, March 27, 2014

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.

Monday, March 10, 2014

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