A Penny Saved - 976 Words

A penny saved is a penny earned is one of the most well-known sayings in American culture, or, perhaps, used to be one of the most well-known sayings in America. According to Jenny Che, an associate business editor at The Huffington Post, America has a serious problem when it comes to financial literacy and the problem starts with the kids in the school system who are not being taught how to manage money. Che states in her April 2016 blog post titled, â€Å"America Is Not Teaching Kids How To Manage Money. And That’s A Problem,† that the United States was ranked far lower than most people would expect when it comes to financial literacy, and little is being done to resolve this issue. Through alarming observations and data, Che successfully makes her point: America is not integrating financial curriculum into their education system, and this must change. Although Che’s post is fewer than 500 words, she presents an impressive amount of well supported information. A large portion of her post focuses on recent studies and research to back her argument, building ethos. All of the sources have been published in very recent years, adding a consistent and current time period to her argument. She poses statistics such as the amount of debt American students have accumulated, the staggering number of people who are behind on their loan payments, and the small number of schools who are actively incorporating financial education curriculum into their system. She references an extensiveShow MoreRelatedA Penny Saved Is A Penny Earned Essay929 Words   |  4 PagesFRUGALITY â€Å"A penny saved is a penny earned† this was one of the Franklin’s thirteen virtue that was meant to make people aware about frugality and thrift and help them to manage their economic and financial status. Frugality means acquiring goods and services in a restrained manner, and resourcefully using already owned economic goods and services, to achieve a longer term goal. Nowadays, this virtue is not applied by the Americans in their lifestyle like it was used to because they are much moreRead MoreStudent Outcomes : The Student Will Develop Strategies For Solving A Variety Of Addition And Subtraction Story Problems Essay983 Words   |  4 Pagesusing money. (15 minutes) b). Investigation/Presentation The teacher will then display the following two word problems using the overhead (Elmo) Lizbeth saved 13 pennies. Then her mom gave her 12 more pennies. How many pennies does she have now? Levi had 25 pennies. Then he gave 13 pennies to Joshua. How many pennies does Levi have left? What do you notice about the two problems? Allow time for student thinking. Turn and talk with your partner about what you notice. Allow time forRead MoreAnalysis Of Where I m Calling From 1011 Words   |  5 Pagesis constantly reminded of his personal adventures through Joe Penny’s narration (Verley 91). Joe Penny is a man in his thirties and he is also an alcoholic. In the story, the narrator empathizes with Joe Penny because he is just like him. Joe Penny possesses an element that is in common with the narrator, an element that is beyond their alcoholism and presence at the rehabilitation facility. Joe Penny was dropped off at a rehabilitation center by his father-in-law and he tells a group of people howRead MoreNo Need for Pennies in Our Economy Essay712 Words   |  3 Pagesor bills. Do we use pennies for virtually any transactions? The answer is no, we don’t. Consequently, the penny is far and away the least useful monetary value we have. Pennies are ineffici ent and should be cut out of the currency. The rationale behind this conclusion is simple: the price tag of minting a penny is more than one cent. Unfortunately for the penny, two other reasons prove that we require it no longer. The first reason is that not only will the removal of pennies make us more effectiveRead MoreThe Price Of The Prices1058 Words   |  5 PagesBenjamin Franklin once said, â€Å"A penny saved is a penny earned. Unfortunately, that idea no longer applies to modern society. There isn t really much saving or earning with today s penny. This is to do with the rising high melt value that is branded with the currency. Essentially, producing the penny costs more than what the penny is actually worth. The copper and zinc that are used to make the coin are more valuable than its value as currency. The one-cent coin doesn’t have the purchasing powerRead MoreFunctions Of Currency And Currency1355 Words   |  6 PagesThere is controversy over the penny in t he United States. Some people believe that the U.S government should keep the penny in circulation and continue to make them but other people think that the U.S should just get rid of pennies. There are valid points to both arguments which is why it is so controversial. The main reason why people believe the penny should be eliminated is because of the cost of pennies for the United States government. The price of making each penny costs the government 1.5 centsRead MorePersonal Narrative : A Penny s Promise1402 Words   |  6 PagesA Penny’s Promise See a penny pick it up and all day you’ll have good luck! That was and still is a mantra of hope for many, including myself. It is one taught to children in schools across America as a way to encourage positive saving habits. On a bad day, if I find a penny my mood changes and my spirit lightens. My relationship with pennies heightened as I began middle school and realized the true value of this tiny coin. Day after day, I found pennies under couches and behind doors. I collectedRead More Economy Essays808 Words   |  4 Pageswhatever they wish. Our country right now is at an all time high for spending, despite some of the happenings on September 11th. This is not necessarily a good thing. You have heard the old saying, â€Å"a penny saved is a penny earned†, well that is exactly what people are now saving. One penny is now being saved for every $10 worth of income. Our country has one of the lowest savings rates of any industrialized country in the world. When we retire, we will have to live on things like social security. As youRead MoreThe Value Of The Pennies : The One Cent Coins That Make No Essay1553 Words   |  7 PagesThe Pennies: The One-cent Coins that Make No â€Å"Cent† Throughout ages, humans have developed civilizations in which we plant, we grow, we produce and we trade. During the development of each culture, people also developed various methods to enhance the flow and exchange of goods and services within the country and abroad. Mankind have moved away from barter to commodity monies such as seashells, stones, arrowheads†¦ and eventually we introduced the banknotes and the coins, the two convenient mediaRead MoreU.s. Mint Should Discontinue The Penny1604 Words   |  7 Pagesrecent times the U.S. penny has become a heated topic for debate. The issue people debate is whether the U.S. mint should discontinue the penny. Most Americans seem to have a definite opinion about this topic. Both sides of the argument have increasing support and a numerous amount of legitimate reasons to support their argument. In my opinion pennies are a nuisance and do not really offer enough value, therefore the U.S. Mint should discontinue the production o f the penny. The U.S. Mint was established