Piggy Banks to Portfolios
A joint bank account is just like a regular bank account — but it’s shared between two or more people. Everyone whose name is on the account can: All users have equal access to the account unless it’s set up differently (which most aren’t). Think of it like co-owning a wallet — everyone can reach …
A Certificate of Deposit, or CD, is a type of bank account where you agree to leave your money in the bank for a set period of time — like 6 months, 1 year, or even 5 years. In exchange, the bank gives you a higher interest rate than a normal savings account. But here’s …
A savings account is a type of bank account made for storing money you don’t want to spend right away. Unlike a checking account (which is meant for everyday spending), a savings account helps you hold onto money — and grow it a little, over time. That’s because when you keep money in a savings …
A checking account is a place at a bank or credit union where you can put your money and easily use it when you need it. Think of it like a spending hub. You can: Unlike a savings account, a checking account is made for daily use — not for growing your money over time. …
I was just trying to put my money somewhere safe. It just… sort of unfolded. It started with a question. Not even a big one. My dad asked, “Do you want to open a bank account for the money you’ve been saving?” I shrugged. I mean, sure? I’d been keeping birthday money, a few random …
I thought I was just signing up for a student discount. Instead, I got hit with: “You need a credit history.” And suddenly, I realized there was this whole money thing happening behind the scenes — and I wasn’t part of it. I stared at the screen like it had just called me unprepared — …
I didn’t plan to have $100. It just… kind of happened. Some birthday money here, a few bucks from helping my neighbor carry groceries, and then $10 from my cousin for fixing her iPad charger (which I only kind of knew how to do). I wasn’t trying to make money, but suddenly there it was …
Imagine you’re in your favorite game—maybe Roblox, Minecraft, or Animal Crossing. You’ve got coins or resources to spend… but only enough for one big thing. Do you upgrade your base? Buy a dragon pet? Or save it for a surprise item coming next week?That decision—that trade-off—is exactly what economics is about. Think of this as …
You ever look inside your wallet or open your allowance app and think, “Wait… I had money yesterday. Where did it all go?” Welcome to the invisible level of life most people ignore until it’s too late. It’s not flashy like a boss battle or loud like a new high score, but knowing how to …
You’ve got some cash—maybe from your birthday, doing chores, or that random moment your grandma slipped you a $20 with a wink and said, “Don’t tell your cousins.” So what now? Do you shove it in your drawer? Spend it on Roblox? Or stash it in a bank? Most kids think there’s just one right …