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Where Do You Save Your $$$ ? Gr. 4 Financial Literacy.

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Presentation on theme: "Where Do You Save Your $$$ ? Gr. 4 Financial Literacy."— Presentation transcript:

1 Where Do You Save Your $$$ ? Gr. 4 Financial Literacy

2 Vocabulary /. Saving account- A type of savings vehicle in which you earn interest on the principal, usually without minimum balance requirements but lower interest rates. Interest- Is the fee someone pays to be able to borrow money. You either pay interest on money you borrow or you make interest on the money you save. Checking Account- A type of bank account in which interest is not usually applied to the principal, but offers a safe place to store your money with high liquidity and allows you to make withdrawals using ATM card, debit card, or personal check. Deposit- When money is added into a bank account. Withdrawal -An amount taken out of a bank account.

3 Essential Questions What is the best way to keep your savings safe? How do you make money by putting your money in a savings account? Image: http://www.dailyclipart.net/clipart/category/money-clip-art/

4 Where Do You Save Your $$$ ? http://www.dreamstime.com/royalty-free-stock-photography-money-pocket-image17992617

5 It might get LOST, STOLEN or SPENT Oh, NO!!! I lost my Money? http://investmentbankerparis.blogspot.fr/2010_07_01_archive.html http://www.clipartpanda.com/clipart_images/buy- something-without-your-912043 http://www.keepcalm-o-matic.co.uk/p/get- crazy-and-spend-all-your-money/ Where Do You Save Your $$$Where Do You Save Your $$$ ?

6 http://www.greenlivingbees.com/how-important-a-piggy-bank-is/#sthash.2qFi0Hpc.dpbs Where Do You Save Your $$$Where Do You Save Your $$$ ?

7 It might get STOLEN or SPENT Where Do You Save Your $$$ http://blog.ourcrowd.com/index.php/2014/04/16/the-10-plagues- of-startup-investing-what-passover-has-to-teach-us-about-startups/ http://www.clipartpanda.com/clipart_images/buy-something-without-your-912043 http://bmj2k.com/tag/thief/ Where Do You Save Your $$$ ?

8 http://r.search.yahoo.com

9 It will be SAFE! Open a SAVING OR CHECKING

10 It will PAY! Where Do You Save Your $$$ ? http://www.handsonbanking.org/financial- education/teens/savings-accounts-and-interest/ $10.00 $10.20 The bank pays you.20¢ Interest for keeping your money in the bank.

11 Young Entrepreneurs: Pink Polka Dot Guild http://bizkids.com/clip/profile-pink-polka-dot-guild

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13 Check Number Description Payment (-) Deposit (+) Balance $ 625.52 55555 Birthday Gift 150.00 475.52 Record your transactions to determine your available balance. Transaction Register

14 Where Do You Save Your $$$ ?

15 What is the best way to keep your savings safe? How do you make money by putting your money in a savings account?


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