Question

Help please
I need help starting off a paper I have to write.

Answer 1

Imagine you contribute to an online magazine called “EconKids.” The magazine’s goal is to make economics topics easy and fun for young students. The editor asks you to write an article that addresses the following prompt:


How would you explain the banking system to younger students?

Answer 2

^ is that the beginning to your essay?

Answer 3

what do you want to do with it?:)

Answer 4

Well just try not using such big words and basically "dumb it down" for them. It depends on how much you know about finance and how well you can explain it.
For example i took accounting 1 so i understand a lot about finances.
You'll just explain smart ways to balance money, talk about credit (don't get a credit card unless you can afford it and only spend if you know you can pay it off right away). Little hints to how to save money and have a back up. ~10% of your checks if you can put aside in savings to fall back on if needed~

About the credit part, a hint is get a credit card but dont use it except for things you can pay for in cash instead, like grocery shopping or gas, instead of using cash or debit use your credit card then pay it off right away later because then it shows the credit card company that you care about your credit score and debt and thats how you bring your credit score up. Only use it when you know you can pay it off. The higher the score the better houses and cars you can get.

Just speak simply and make it to where if you were talking to a 5 year old they can understand you. :)

Hope that helped.!