Week 16

I met this weeks objective by learning about the different types of insurance. The six different types of insurance Life Insurance, Health  Insurance, Property Insurance, Disability Insurance, Liability Insurance and Retirement Insurance. I learned that you need to have health insurance.

 

Week 15

I met this weeks objective by understanding insurance values and the why you need to have liability insurance. I also learned that when you have a car is required t

hat you have insurance by law.

Week14

I met this week objective by learning how to understand bankruptcy and when to file it. I also learned about student loans and identifying credit history and how things affect your credit score.

 

Week13 Personal Finance

This weeks objective I learned about the 5'c's of credit. I also learned about what they were and why they were important. The 5cs of credit are Character, Conditions, Capacity, Capital and Collateral.

Week 12

I met this week objective by understanding

 

What are equities or stocks and mutual funds? and

What are entrepreneurs and how do you become one? An entrepreneur is a person who starts and owns their own business.  Advantages of being Entrepreneurs

Control Your on Income

aving Control over Your schedule

Recognition

 

Week 11 Personal Finance

This week I learned about short-term and long-term goals for vehicles.  I also learned about compound interest and what the formula for compound interest was. I learned about the relationship between risk and return. "The greater the risk the bigger the return.

 

 

Week 10

This week I learned about what is a physical asset and I also learned about Budgeting for saving and save. I met this week objective by listening and understanding the difference between saving and save.

Savings gives you security and a peace of mind

Budge

 

Week 8 Personal Finance

This week I learned about buying vs. renting. I also learned the  six types of housing which are single family dwelling, mobile homes, prefabricated, condominiums, multiunit dwelling, and cooperative housing.  

 

Week 7 Personal Finance

This week I learned how to budget money and I also learned about the advantages and the disadvantages of keeping cash and a check.
The advantages of using a credit card is you can record your spending transactions and the disadvantages are checks aren’t always accepted in stores

WEEK 4 PERSONAL FINANCE

This week I learned what Physical Assets and Financial Assets where. I also learned 5 types of capitals. Learning these made me know the difference between financial assets and physical assets. I also learned how to keep my money save in banks and how to buy stocks. Learning this will give me knowledge to contribute in my everyday life. 

Week 3 Personal Finance

This week I learned about earned and unearned income. I also learned that if you live in the metro part of the city you earn more money than those who live in the country. Also you can determine how much money someone makes based off what region they are from.