1. Unit 5 Your Money: Keeping it Safe and Secure Info from: NEFE High School Financial Planning Program

2. What Do You Think? – Page 60 More than 55% of teens have a savings account. 17% of teens ages 16-17 have a checking account. 64% of those ages 18-19 have one. Likewise, only 13% of teens ages 16-17 have a debit card. 55% of those ages 18-19 have one. Among teens ages 16-17, 13% have one of their parents credit cards 36% of teens ages 16-19 have their own credit card

3. What Do They Offer? – Page 61 Visit the Web sites of at least two financial providers. List the services provided and be prepared to share what you have learned. Example: Polish National Credit Union Services: Share Savings Accounts, Checking Accounts, CDs, Auto Loans, Mortgages, Home Equity Loans, Discount Rates for homeowners and auto insurance for members, Free Mobile Banking and On-Line Bill Pay, Fraud Protection Services, Passbook Secured Loans, IRA Accounts, NOW Accounts, Source: http://www.pncu.com/pncu/Services.asp “Polish National Credit Union offers a wide range of services to our members, which are provided in person, electronically and via the Internet. We offer fully automated electronic services, i.e. Direct Deposit, free 24/7 Telephone Banking and free 24/7 PC Home Banking and Bill Payment. We offer free Notary services to our members. Polish National Credit Unions online services are available to our members 24 hours a day, 7 days a week and can be accessed from any Internet access location. Our members may order checks, pay bills, transfer funds, apply for a loan, or balance their checkbook at a time and place that is convenient for them.”

4. Assignment 5-1: Shopping for My Financial Services Provider Use the decision-making process to select a financial provider for your personal use. Be sure to consider your criteria as you compare the services of at least three providers. Discuss in Class

5. Exercise 5-C: Make the Deposit March 8, 2010 Jane Jones 13 State Street, Springfield MA 01151 3 3 2 6 1 0 0. 0 0 2 5 0.5 0 3 5 0. 5 0 5 0. 0 0 3 0 0.5 0

6. Exercise 5-D: Keeping Track – Page 65 Open Checking Account 200.00 3/1 3/3Groceries 23.11 156.89 13.50 143.39 100 3/3Books – Wayne’s Book World 13.50101 30.00 113.39 3/4Weekend Personal Money 30.00102 25.50 87.89 3/5Phone Bill – Automatic Pay 25.50 113.76 201.65 3/6Deposit – Pay Check 113. 76 Auto Withdrawal For Personal Checks 20.00 180.00 3/1

7. Exercise 5-G: The Pros and Cons of Automated Services Benefits Convenience (easy access to money) Personal Safety (not carry too much cash) Knowledge (track account daily) Saves time (direct deposit and on-line bill pay) Concerns Fees Security – more chance of your info being stolen