The M&M’s Game: Introduction to Compound Interest

Compound interest is the addition of interest to the principal sum of a loan or deposit. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. When you deposit your money in a bank savings account, you earn interest. So if you open a savings account with $1,000 and your interest rate is … Continue reading The M&M’s Game: Introduction to Compound Interest

Your Kid’s Savings Account {FREE PRINTABLE}

Why Is It Important for Kids to Know How To Save? To teach saving to children is to teach them about the concept of scarcity. In life, we will only earn a limited amount of money and often, we can’t spend all the money we get all at once because we have to spend them on the NEEDS before we can spend on our WANTS. … Continue reading Your Kid’s Savings Account {FREE PRINTABLE}