Lately for Maths we have been using Banqer.
Banqer is a website were we can learn about money, budgeting, debt and jobs at the moment I have 540 dollars other people have 600-400 so i’m doing pretty good
We have to get jobs, answer questions and do our homework.
Today we have been learning about debt and overdraft debt is where you have borrowed money from the bank and have to pay it back with a thing called interest.
Interest is when the bank start charging you more money the longer you wait to pay it off.
Overdraft is if you were trying to pay bills but you cant you would have to use overdraft to pay it but they make you pay a bunch of interest so only use it in emergency.
In Banqer its really good to get a job if you can because it can pay you some money that you can use to pay bills you get paid every month but to get a job you have to have a good CV.
A CV is where you write a bunch of stuff why you think you would be good for the job.
Expenses are stuff you pay for like power, water and food so you have to pay for them too.
Basic income is money for doing your job and putting that in your savings so you can save up for stuff like a car or a house.
I’m really liking Banqer because it helps me learn about money and I really like that.
Have you ever tried Banqer?
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