Working

This week in the wonderful class known as Personal Finance, we completed two activities on the computer about identity fraud and taxes and insurance.  These were both fascinating things to learn about!  The identity fraud one was very interesting!  The assignment discussed how we can avoid it and the steps to take in case it has happened.  We all really think this can't happen to us when in reality it can.  This is a very serious problem that can ruin your life for many to come.  It can really harm you bank account, job and personal life.  These people basically steal your lives.  Do whatever you can to avoid this from happening to you!  I really enjoy doing these modules because they show real life situations, information and solution from everything to taxes to insurance to renting and owning to financing in a higher education.  This information will help me so much in college and career!  What do you guys think?

Going Through Changes

This week in Personal Finance, our lovely teacher decided to change a few things.  She is still lecturing but in a very unique way!  We are learning about credit and financing.  She is showing us people who are struggling with money but continue to purchase very expensive items.  For example, we helped a guy decide what was the best way to purchase a new T.V.  Sadly, he must pay about $99 every month for the next 5 years.  He might have made the right choice but it definitely costs him.  On this power point, it does have some more scenarios but in the "thought bubbles" lists facts such as benefits and costs of credit cards, reading the fine print of the credit card contract etc.  I really like this new power point.  It gives real life examples that a lot of people experience and even smart ways to avoid going into debt or something illegal.  We saw that this guy had a friend named "Broke Billy" (correct me if I am wrong) who kept giving advice such as "steal one..I mean borrow".  The man made a smart decision to not listen to this advice.  I really enjoy this power point because it is easy to understand, gives facts and is so much fun to actually "help" these people in these situation.  What did you all think?

Saving with Scrubs

This week in the wonderful class of economics we touched on a very important topic for everyone: budget.  Everyone should have one but many people in this country do not because they feel as if they do not need one.  We watched a video starring Scrubs star Donald Faison who taught us that even if you have a good career and make money, it is important that you still have a budget.  We witnessed different people living 3 different lives who believe the right idea is to have a budget.  One person was from a famous music group and even though they were pretty popular, she told us that it is always best to keep a budget.  Another person was in $30,000 worth of debt.  Crazy!  She talked about how she should have started a budget and kept a closer eye on what she was spending, plus she has to work even twice as hard to get out of debt.  The other person bought a television worth $2000 but spent less money on his furniture and talks about how he lives on a budget.  For him it is difficult but he knows he is saving himself from money troubles and stress.  The video also talked about how it is better to use cash instead of a credit card because you can actually see how much money you are spending and only have a limit amount in your wallet.  The video was really interesting and definitely helped me to understand why it is so important to keep a budget.