Monday, August 11, 2008

Watch out Wall Street

The Kelty kids have savings accounts. This has been on my to-do list for a long time, and seeing as baby doesn't seem to know it is time to be born, I am cranking out some of these items. It was a riot driving to the bank listening to Luke teach Sarah economics 101. It went like this:

Luke: When we get more money we can invest it.
Sarah: What does that mean?
Luke: Have you seen the news with the little arrows that tells you if the DowDaq or Nassau is going up or down? They tell you if your company is making money. If it is you are making money. If it isn't you take your money out and put it with a company that will make you money.
Sarah: I'll take it out and bring it home.
Luke: NO! If it isn't invested or at the bank it isn't working for you. There is this thing called interest........

And he explained how that works and figured out 2% interest on his deposit and Sarah's.

That counted as math for today!

No comments: