A Look at Savings

My Career Preparedness class recently started the unit on Financial Literacy, and I'm looking forward to learning how to manage my money.  Our first lesson was on savings.

I have been told all my life to save a little bit of any money I get - birthdays, Christmas, allowance -- but I never truly realized the value of it until this lesson.

Not only can I save money, but I can make my money GROW. The most interesting thing I learned was probably the Rule of 72.  The Rule of 72 is a formula that helps you calculate how long it takes to double your money.  Here it is in plain English:

Source: howtheinvestmentbusinessreallyworks.blogspot.com

I believe EVERY high school student should know about Rule of 72!

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