Payment, interest, rates and credit cards

What is credit. Credit is money that you don't have on you, and you use that money to buy things then pay it all back at the end of the month. Interest is the amount you make, saving money. Credit cards are cards that you can use to buy things later on. Payment, interest rates, and credit cards are important to people in life in daily life.

Taxes and Insurance

What I learned about taxes and insurance is that you have to pay your taxes. Paying your taxes helps pay for many things. Insurance is a coverage you have on something, like a car, home, and other things you have coverage on.

 

Renting vs. Owning

In  Renting vs. Owning i learned that when you rent something its not yours. Your just borrowing it. But when you own something it yours, and you have the choice to do whatever you want with it. For example a car, house, or any other things you are borrowing or you own.

 

Banking

Banking

You have several options when it comes to banking, retail banks and credit unions are the most common accounts that people choose. When you open a bank account you have the options of what account type you want to choose, from checks to loans

 

Financing Higher Education

 

One thing I learned is that you you should have a certain amount or credit to apply for a loan. You earn grants and scholarships, you can also get private school loans and they will help you apply for better school.

Savings

Savings

Is a  safe way to put money aside for later, and deposit it when you want to or need to. When you save your money instead of spending it, you get payed for it in interest.

 

Learning Reflection

In class these last few days we have learned many things. On WD 75 we have learned to put a page title, heading, header, citation, footer, superscript, works cited, and sources. Its really easy and good to learn in new documents. Now we are doing a birth month report, i will now know how to put those things in my report.