 A place you put money that you spend quickly  Not money intended for saving  Monthly statement sent to your house by the bank.

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Presentation transcript:

 A place you put money that you spend quickly  Not money intended for saving  Monthly statement sent to your house by the bank

 A place you put money to save  The bank holds if for safe keeping  The bank pays you a low interest rate

 Overdraft fees  Money comes from you account  Can be used in stores and at the ATM  Uses a pin number, 4 digits

 Issued by the bank  Use at the ATM  Use at stores, supermarkets, gas stations, etc.  Beware of Overdraft Fees  Like Cash

 Be careful!  Anything charged must be paid back  Charged interest every month  Interest: A percentage of the balance

 Other Logos

 Automated Teller Machine  Withdraw money from your account  Make Deposits  Check Account Balance

 Easy to have on hand  Not replaceable if lost  Not as secure

 A promise to pay money from you account  Bounced check = no money in the account  Cashing a check at a bank is free

 A loan is borrowed money  Banks can give you a loan  You pay the money back is small amounts  You are charged an interest for the loan  Calculate Calculate

 You can get money orders from the bank  This the cheapest way  A certified check from the bank

 Register the offered card at the store  Use the offers on the card to save money

 Go to different stores to find the best deals  Wal-Mart and the Dollar Store tend to be the cheapest  Compare prices

 Come in the paper  There are lot of coupons in the Sunday paper  Clip coupons to save money

$4.99 $14.99

$0.79 $1.59

$4.47 $6.27