* Do you have a checking account or credit card that you pay for? Do you know how to manage a checking account or credit card? * Please put your responses in complete sentences.

* How do I manage a checking account?

I know how to manage a checking and savings account. This means: * I know how to write a check. * I know how to balance a check book.

Savings account: a place where you put or deposit money so that it will be safe and grow. Checking account: a place where you put or deposit money when you will need to spend it soon.

Credit Card A card issued that loans you money to pay for items you don’t have the money to purchase Charges you interest if not paid off by specific date (5-30%) Debit Card A card issued by a bank or credit union Allows you to pay for items from your checking or savings account

Late Fee A charge added to a bill because it was not paid on time ATM (Automated Teller Machine): Deposit money into one of your accounts Withdraw money from one of your accounts Transfer money between accounts

Your name and address The person or company you are writing the check to Date the check is written Check number Your signature Check amount in numbers Check amount in words What the check is for Routing number (the number of your bank) Account number

Write Checks to the following places for the following amounts using today’s date Nevada Power for $48.93 At & T for $ for cell phone State Farm Insurance for $ for auto insurance

* What surprised you the most about today’s lesson and why? * Be sure to write down the question and answer it using complete sentences