Thursday, May 1, 2014
The Switch to Personal Finance
Wow, Spring Break went by way too fast. It seems like we just got out and then the next day, we were back in school! With the restart of classes, our Econ class took the turn to personal finance. On Monday, we started some notes about money and what is does. We made up some islands and drew on them. I was absent on Tuesday, but I heard we set up our bank accounts and got all situated in the Bank of Nettie. I set mine up on Wednesday when I returned, and then went and purchased a chocolate peanut butter bunny for $5.00. It was totally worth it! After doing so, we all got our first bill for the electric company and had to pay around $45. We wrote out our checks and learned what information was important. We mailed out our bills and then took some more notes on the Fed and the ways that banks supply money. I realized this week the idea of money. Like.... I had always known what is was, but I never realized how basically unimportant it would be without the backing of the nation. I am just excited to delve deeper into the information that we are learning about now.
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I also liked what we learned in class last week! Its really cool to have a real world scenario to help us learn.
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