Information taken from financeintheclassroom.org Managing Your Money with a Checking Account.

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Presentation transcript:

Information taken from financeintheclassroom.org Managing Your Money with a Checking Account

Learning About Checking Accounts Having a checking account is a good idea. Your money will be safe and you’ll have a record of what you’ve paid for. You’ll know how much you have left to use or save. Only write checks when you have enough money in your account Write checks legibly. Write the amount as far to the left as possible. Always use a pen Don’t sign a blank check. Print the right date on checks. Keep checks in a safe place. Destroy voided or unused checks. Record every transaction in the register Keep a running balance in the register. Rules to using a checking account:

I just bought groceries at Smiths for $ Here is how you fill out the check 10/10/2014 Smiths $ One hundred forty-seven and 15/ groceries John Doe Remember to fill out your register with every transaction you make! / 10 Smiths Filling Out a Check Example

I just received my paycheck for $ This is how I deposit it into my account 10/10/2014 Smiths $ John Doe Smiths / 10 Deposit 10/ Making a Deposit Example