• Tag Archives money

  • High Cost of Having Children

    Posted on by Sierra Knapp

    Not everyone wants to have children and that’s fine. Other who do or have already had children understand how much it can cost. The hospital bill, special food, medicines, diapers, beds, clothing, and so much more is what children need in order to thrive in this world. Why is it so much and why doesn’t this defer people from having children?

    The cost of a child truly depends on where you live and how much you make. According to nbc news, “Daycare alone for an infant in New York City, can run $18,000 a year or more” (Fox). That’s just daycare alone. Add housing, toys, and food to that and you have about $31,000 a year. Continue reading → Post ID 740

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  • What Is Fiat Currency and Does It Have Value

    Posted on by Sierra Knapp

    We put our value in many everyday items even though there is no real tangible value to it. Money on the other hand is tangible value that is worldwide. However, when it comes to fiat currency, is it truly valuable? Or is it simply valuable because we just believe that?

    First off, what is fiat currency? “Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material from which the money is made” (Radcliffe). It was first introduced as a substitute to a commodity-backed currency, but this currency is not backed up to any physical reserves, so it is worthless when hyperinflation comes into play. Just like if people in America stop using the U.S. dollar, it won’t have any value. Continue reading → Post ID 740

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  • The Right Time to Start Saving for Retirement

    Posted on by Sierra Knapp


    When your young you don’t realize how short life really is. A one-hour car ride can feel like a lifetime and playing outside all day was just the beginning of fun. But now that you are an adult and you have people, bills, and grandparents pestering you nonstop, you have to wonder – should I start saving for my retirement now?

    There is truly no correct answer here because everyone’s situation is different. You should start when you have a good job and earning money for yourself. Over time, you should put that into a savings account and then once there is enough there, you should be able to open a retirement account and move money there. It’s not always that concrete though. Continue reading → Post ID 740

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  • Trade Wars and The Great Depression

    Posted on by Sierra Knapp

    Anyone who has ever taken a history class in middle school and maybe even elementary school, knows about The Great Depression in some aspect. Because people were putting so much into stocks and not working, unemployment rose, and production was declining – leaving the stock prices higher than their actual value. This lead to what is known as, “The Great Depression” – the worst economic decline in history. Trade wars were part of this as well due to the rising, then demeaning, cling of the world’s value on certain things which leads to tensions.

    Individuals of all walks of careers were putting everything into stocks and therefore the stock market expanded rapidly. “By then, production had already declined, and unemployment had risen, leaving stock prices much higher than their actual value…The American economy entered a mild recession during the summer of 1929, as consumer spending slowed and unsold goods began to pile up” which made production slower (Great Depression). This then lead to the stock market crash of 1929 – “black Tuesday.” Continue reading → Post ID 740

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