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Tuesday, 3 September 2019

Saving money

Today we got a visitor from the ASB bank.Her name is Nicky and she works there. She taught us  how to save money while we're still young.She first asked us what are dreams for the future.I said I wanted to be a good swimmer but i also want to be a gamer. She then told us about a story boy who took it really seriously. He wanted to be a rugby player but his parents had no money. Then he went to ten of his neighbours and asked them if he could do any errands for them and every now every Tuesday after school he goes to his neighbours houses and out the trash for them for five dollars. After that she told us that some students come out of college with a sixty Thousand dollar loan.She said that to get the things you need to make  money you need to spend money and she showed us an example. She said you made a lemonade stand but you spend three dollars on sugar and two dollars on plastic cups but you earn ten dollars so your profit is five dollars since you needed to pay the money spent on doing the lemonade stand. Then Nicky wrote  cash vertically on the board.She said that C stands for clear goal which meant what you wanted,A stands for action which  means how your gonna do it,S stands for save  which you probably already  know what it means, H stands for how long is it going to take.We needed to save up for a one hundred dollar phone  and we save ten dollar a week so that means it will take ten weeks. Nicky then said that putting your money in the bank is better than putting  money in a       moneybox or a piggy bank because the bank gives you interest. She said we should start training while we're young because she wanted to be a ballerina but she started too soon. I learned a lot today.