I never really understood anything about money when I was little. I didn't understand why we had to pay $6.30 when it said $5.99 on the little sign. I didn't understand why we had to put money in banks instead of keeping it at home but now I understand! My parents told me about saving a lot of my money such signs as my first car and college. They told me that the extra money we had to pay was called tax and that extra money goes to the government. The last thing that they told me was that when I get older I will start getting checks and you have to put those in the bank. I still didn't understand a lot of it until last week in computer class. I now know a lot about money! I know that APR is the annual percentage rate. I know that compound interest in the interest added to the principal of a deposit. A savings account is what you put your saved money in for a log period of time; the more money you put in there the higher interest you will get. I also learned about fraud and that credit cards provide more protection than debit cards. My parents and Everfi has taught me a lot about my money. My parents also give me chores to do around the house to earn money and half of the money I earn has to be saved.