Find out how much annual interest you could earn on a savings account at a local bank. If you invest money at this rate, how long would it take your money to double? Are there any conditions you would have to consider?

As a family, talk about any loan that you may have for a college education, a house, a car, or an appliance. What was the original price? What is the total amount that you would spend by the time the loan is paid off completely?