I wasn't taught finances in school or by my parents, but in a game I play called "animal crossing: new leaf" you get a bank account for free and you can deposit money (a.k.a "bells") into it whenever you want.
Since the start of the game, at the end of each day I'd keep 1000bells in my wallet and deposit everything else, usually more than 50,000bells.
Every month they send me a letter telling me how much I've earned in interest this month. Now I've been playing for a couple of years and I have never touched the money I put in my bank account, so I have like 3,000,000+bells in it. I'm earning 18,000 in interest.
Would it be possible for me to do something similar to what I do in Animal Crossing in real life? Also what are the main differences between what I've described I do in the game and real life banks?
So far I have 70usd and nothing else, but I want to start my first real job soon and I want to be prepared for when I start earning some money.
Edit: Apparently what I'm talking about is a "compound interest savings account", thanks u/lilfunky1 and everyone who commented!
I'm from Argentina, is it possible to have a saving account in dollars? With this inflation keeping my money in pesos is like throwing away money, literally
Submitted November 19, 2018 at 02:17PM by useful-lesbian https://ift.tt/2DvcFq8
