This Week
This week we learned about what APR means, why it matters, and what places don't have to tell you APR - Rent-to-Own stores. Students learned about the dangers of doing Rent to Own and why it's almost always a better idea to save up for something instead or (if that's not feasible) to put something on a credit card, where you know the APR and it's (hopefully) much lower. We also learned about mobile apps and how to use them safely by creating complicated passwords. Finally, we began our study of stocks and investments as we started playing the investment game, http://www.genirevolution.org/, where students participate in personal finance scenarios and get to play games while learning along the way.
Next Week
Next week is all about investments, as well will continue learning about stocks, bonds, and mutual funds. Students will be introduced to the Ohio Stock Market Challenge simulation they will be participating in this year, where they will be "given" $100,000 to invest in real stocks, bonds, and mutual funds. This is a fun simulation where students get to compete with other students around the state, and the winners get a lunch that is not free, but is paid for by the Wright State University College of Business as well as a field trip to visit. Learn more about this competition at http://ohiosmc.stocktrak.com/.
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| Check out the simulation here |
Have a great weekend!
~Mr. Grieve
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