A really long time ago, I remember when $20 in my wallet seemed like a lot of money. By the time my family was growing and the economy was booming, I needed $100 when I was shopping. Today, I need a credit card.
There’s a lot on the news lately about the federal budget and the national debt. I remember when a million dollars sounded like a lot of money. Then, it was a billion. Now, I often hear a trillion dollars on the news. How much money is that? Watch the video to learn more . . .
Video compliments of www.mint.com, a free site where you can track your finances and create a budget. You need to add your bank, credit card, home loan and investment account information – Not something I recommend. Then, Mint pulls in your balances, purchases, stock trades, etc. to give you a complete picture of your finances.
i really like this video. we just learned about this topic in my government class, and it definitely makes it seem even crazier that our budget is so high based on what it could pay for! by the way, i’m the girl from the cafe this morning, just so you know 🙂
Nice meeting you this morning and thanks for your comment, Olivia. The budget is way beyond what I can comprehend. And the bad news is that your generation – And maybe a couple generations after you will have to pay it off.
Here’s an interesting website with an animated representation of how the national debt is rising by the second. http://www.USDebtClock.org