Reflection Of This Week

This week, we finally get into Personal Finance! First topic we've studied is Money & Banking. 

We all have money in our life, but if we think about difenition of money, it's hard to tell, isn't it? MONEY is any good that is widely accepted for the purposes of exchange and in the repayment of debts. So money can be anything unless it is 1)stable in value 2)scarce 3)accepted 4)divisible 5)portable 6)durable 7)difficult to counterfeit. To get used to this topic, we created our own island, and made our island's resources and money. We also discussed how to trade money each other.

After we learned about money, now we have started learning about banking. Banks makes money by charging interest. Banks are the safest place to save our money in! We didn't really learn much about banking this week though, we made our own banking account in our class. We learned how to set checking acount, how to check money, how to deposit or pay money, etc.

I really enjoyed the class this week, because I could learn how to set a bank account. I think what we did in class this week will be really usufule in the future because as we get an adult, and become independent from our parents, we will difenetly have to know these things. I really look forward to learn more about them in the class next week!