Economics Class

Huakailani School for Girls

March 2010

Volume 1, Issue 1

Basics of Money $$
In January’s economic class the Basics of Money was discussed. The topics included: • • • • • The History of Bartering Supply & Demand What is Money? Where is Money printed? Inflation She had so much demand for it she raised her price. I explained that money is just a piece of paper it does not have any inherent value like a house that provides shelter. Money is a good that acts as a medium of exchange in transactions. In the old days people used shells as the medium. The girls learned that money is printed in San Francisco, Denver, Fort Knox, West Point, and Philadelphia. Lastly, we talked about inflation. The girls read an example of a movie costing $10.00 overtime it was raised to $11.50. So in definition “Inflation”: means the general level of prices of goods and services is increasing.

The girls learned that bartering is the exchange of personal possession of value for other goods that you want. The girls excitingly shared their own experiences with bartering their goods with others. Ginger shared her story of Supply & Demand when she sold her Flubber to a park full of children.

What is Income?
In February, we discussed how do we make money and income. There are three types of income: Earned Income, Portfolio Income, and Passive Income. We looked at a sample paycheck with all of the normal deductions, and the girls were amazed at how much smaller a paycheck looks after deductions are taken. We talked about ways to get earned income, portfolio income from investments, and passive income from rental properties and limited partnerships. Although many of this like learning a foreign language to the girls as well as many adults, it is a seed planted that will eventually grow into a tree of understanding in the future.

Huakailani School
146 Hekili St Kailua, HI 96734 E-Mail:

Continued Story Headline
Towards the end of February we took a field trip to Central Pacific Bank in Kailua to see customers actually banking. We had a short tour of the ATM machine room as well as the vault with the safe deposit boxes. Misu Green of CPB showed us how to wrap money and fill out a deposit slip. We left with a goodie bag that included a savings passbook, a pencil, and hand sanitizer. Thank you to CPB Kailua for allowing us to visit. We will be using the savings passbook and we simulate what credits and debits are while practicing deposits and withdrawals.

Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. -Chinese Proverb

I was born and raised in Kailua, Hawaii however I currently reside in Kaneohe with my husband Mike and two sons Jacob and Justice. I was originally introduced to banking and finance in 1991, while working for Bank of Hawaii. I assisted customers with their daily financial needs and transactions, with superior customer service. Although, I loved the customer interaction, I longed to learn more about finance and business. I discovered Edward Jones in 2001 and after six years became a Financial Advisor. I graduated from the University of Phoenix with a Bachelor’s of Science, in Business Management. I had the pleasure of educating the employees of Castle Medical Center in 2009, and I am always looking for opportunities to educate individuals on the fundamentals of investing. I also teach Financial Workshops at the Windward School for Adults – Spring, Fall, and Winter sessions. I am so pleased to have the opportunity to teach the young girls of Huakailani School and it is my hope that I can instill change with financially educated children.