Checking, Saving, Investing, and Protecting your money Unit 3
|
|
- Erin McGee
- 5 years ago
- Views:
Transcription
1 Checking, Saving, Investing, and Protecting your money Unit 3
2 Banks Financial Institutions licensed to receive and utilize deposits There are 2 main types of Banks Retail/Commercial Banks- Financial Institutions offering services to the general public Investment Banks- Financial Institutions dealing primarily with large companies helping to secure capital and acting as a broker for investing clients
3 Credit Unions Another way of banking is through a Credit Union Credit Union- Member owned Financial Cooperatives which are operated by it s members and profits are shared amongst its owners Often results in cheaper rates for services
4 Pro s and Cons of Credit Unions Pro s Often have lower interest rates on loans and services May have lower minimum balances Typically have lower fees or no fees at all Many Credit Unions share ATM access with other Credit Union groups to create accessibility for their members Con s Often offer lesser rewards (ie: credit card rewards, APY from investments Having fewer resources than big banks means they may be slow to adopt new technologies and services Credit Unions often have fewer locations which limits your access to resources
5 FDIC and NCUA In most countries banks are regulated by the government in some way Our government oversees two independent government agencies to help protect peoples money FDIC -Established by the Glass-Steagall Act Funded by the premiums banks pay to insure there depositor's Both backed by Government Insures depositors up to $250,000 per institution Both do no rely on tax payer money Neither insures investment products NCUA -Established in Funded by its member credit Unions
6 Texas Ratio Another way in which people can protect their money is by keeping an eye on their bank/credit unions Texas Ratio Texas Ratio- A measure of a financial institutions credit. Created by dividing the institutions non-performing assets like real estate and bad loans vs. its tangible assets like cash reserves and capital Expressed as a percentage. The closer to 100% the more likely the bank is to fail
7 Federal Reserve The U.S. Central Bank System Responsible for Protecting $ Lending $ Inflating $ Deflating $ Destroying $ Making $ erve.html This is all done in order to meet The Federal Reserves Primary Objective- To provide a stable, healthy, and growing economy
8 Checking A Checking account is a bank account which allows depositors to spend the money they have deposited using checks or debit cards These are transactional accounts which allow you to spend what you put into the account without limitations Banks or Credit Unions may offer different Checking account options including free checking, Checking with fees, Interest Earning Checking, or shared/business Checking.
9 Why should you open a checking account rather than just using cash? Safety for you money- Checks can be voided if stolen and debit cards cancelled, cash cannot Convenience- makes accessing your money easy and quick; ATM, Debit Cards, etc.. Proof of Payment- It creates a written record of your payments every time a check clears (takes money from your account) Easier Budgeting- By keeping track of each transaction in a register you are automatically tracking spending habits and can evaluate those later It may make it less enticing to spend your money
10 Debit Cards Debit Cards (or checking cards) are becoming increasingly popular Chances are you will automatically get one when you open a checking account Draws on money in your account, rather than on bank credit like a credit cards Allows you to access your money electronically Most debit cards allow you to use them like a credit card (usually have about $500 limit) Makes transactions quicker and easier than cash or checks Requires you to remember and protect your PIN (personal Identification number)
11 A check is a legally binding contract between you and someone else! Once you endorse (put you signature on) a check you are required to pay the person that amount! If you fail to do so You stand to lose money Bounced Checks- checks denied because of insufficient funds in the account Most businesses charge $25 return check fees Banks may offer overdraft protection- allows checks to clear the bank but charges individual accounts between $10-38 per transaction You may go to jail Check Fraud- using checking accounts to spend money you do not intend to pay Can result in fines and jail time up to 15 years!
12 Rules for Writing Checks Always write you checks in ink Fill out amount areas all the way to the end Don t endorse (sign) the back of your check until you are ready to cash it Keep blank checks safe and secure Check your bank statement regularly for unusual charges or overdrafts
13 Making Deposits Fill in personal Information List the Amounts to deposit Add up deposits Enter amount you want back Net deposit Deposits might also be made electronically Mobile Deposit- Use the banks app to send images of your checks in ATM Deposit- Insert checks into ATM and select the account you wish the money to apply to
14 Parts of the Check There are 5 parts to a check you need to know Person or Company s Name Name and Address of the Bank Check Number Routing Number Account Number
15 Checking There are 6 Spaces you need to fill in Date Name of the Person Getting Paid Dollar Amount in numbers Dollar Amount in words what the check was for Endorsement or Signature line
16 Savings Options Not all savings accounts are the same. Different banks offer different interest rates and various account options Before opening a savings account figure out how you ll be using it. Ask yourself: How long will I keep my money in the account. How often will I want to withdraw money. How much money will I have to keep in the account. All of these factors can have an impact on how much interest you can earn and which account is best for you.
17 How much should you save? Financial Experts suggest you save 10-20% of your income until you have 3-6 months expenses The concept of making sure your money goes to you is referred to as PYF Pay Yourself First Brainstorm ways you could make sure you pay yourself first while still paying your bills and taking care of other necessities
18 Savings Options A simple rule to keep in mind is that time is money. The longer you re willing to leave your money alone in an account the higher interest you re likely to earn. Similarly, banks tend to offer higher interest if you re willing to keep a minimum balance (the lowest amount of money you are allowed to have in the account). These can range from $5 to thousands of dollars.
19 Types of Savings Accounts While there are many different savings options available, they all fall into four main categories. Basic Bank Savings Accounts- offer the lowest interest rates usually less than 1%. They have few restrictions on access to your money, and they tend not to require minimum balances. Money Market Accounts are higher interest accounts, but typically require higher minimum balances and may even offer limited checking abilities, but your access to the money can be limited Online Savings Accounts are a lot like basic bank accounts, but they offer higher interest rates because they operate online and don t have the overhead costs that standard banks have. CDs (Certificates of Deposit) Often have the highest interest rates of any saving options but require you to leave your money alone for long periods of time (5 months- 10 years) Unlike regular bank accounts, you can t withdraw your money whenever you want not without paying a steep penalty. But they come with little risk and no fees.
20 Time Value of Money Your money will have more value later if saved or invested well now Money Larger Return Principal - original amount of money saved or invested Time Interest Rate- the amount of interest per amount of time Money Interest Rate
21 Interest Money paid regularly at a certain rate in exchange for money lent or to delay the repayment of a debt. 2 types of interest Simple Interest- added once per year and is based on the principal often shown as an APR or Annual Percentage Rate Compounding Interest- Added multiple times per year based on the total (principal+interest) typically shown as an APY or Annual Percentage Yield
22 Simple Interest Simple Interest Formula Principal x Interest Rate x Time = Interest Earned Example: $100 x.01 X 1yr = $1 Add the Principal to the Interested Earned to figure the Future Value Example: $100 + $1 = $101
23 Compound Interest Compounding Interest Formula P(1+R/N)^N(T)= A P= Principal R= Interest Rate (expressed as a decimal) N= The number of times it compounds in a year T= The time in years the money is invested A= Future Value/Cost Example: $100(1+.01/1)^1 (1) =$101
24 Individual Retirement Savings An IRA or individual retirement account is a savings method used to build wealth towards future retirement. There are many different types of retirement accounts Roth IRA- Limits contributions to $5,500 per year. Post Tax Traditional IRA- Limits contributions to 5,500 per year. Pre-Tax Employer provided Retirement Savings options 401(k)- Limits contributions to $18,500 per year. Pre-tax making it tax deductible 403(b) and 457 plans- Same as 401(k) but only available to certain groups Pension Plans Depending on how you choose to invest, retirement savings typically earn between 5-10% interest depending on market fluctuations. This is because most retirement accounts are invested in the stock market rather than saved in a bank
25 Rule of 72 This allows a person to easily calculate when the future value of an investment will double their principal investment 72 Interest Rate Number of years needed to double the principal investment To figure the rate it would take to double in a certain time frame 72/time
26 Saving and Investing Remember: The purpose of savings is to develop financial security Once an appropriate amount of liquid assets are reached You should refocus your financial goals from saving to investing
27 What is the difference between saving and investing? Saving Portion of current income not spent on consumption Used to pay for: Emergencies Large Future Purchases Investing Purchase of assets with the goal of increasing future income Used to pay for: Retirement Higher Education
28 Risk POTENTIAL RETURN RISK Risk- uncertainty regarding the outcome of a situation or event Investment Risk- possibility that an investment will fail to pay the expected return or fail to pay a return at all All investments carry some level of risk
29 Is there risk involved in savings methods? (ie: cd s, money markets, saving accounts)
30 Inflation Inflation Rise in the general level of prices Inflation Risk The danger that money won t be worth as much in the future as it is today To increase wealth the rate of return on investments must be higher than the rate of inflation
31 Financial Risk Pyramid The risk level for specific investment tools may vary Increasing potential for higher returns Increasing risk Checking Account Stocks Mutual Funds Savings Account Futures Commercial Paper Options Collectibles Bonds Money Market Deposit Account Real Estate Index Funds Certificate of Deposit Speculative Investment Tools Savings Bonds Investment Tools Savings Tools
32 Investment Options
33 Stocks Stock A purchasable share of ownership in a company Stockholder or shareholder Owner of the stock Usually a stockholder owns a very small part of a company
34 Return on Stocks Definition Dividends Share of profits distributed in cash to stockholders Market Price Current price that a buyer is willing to pay for stock What is received? Stockholder may or may not receive dividendsdepends on company profit If stock is sold for a market price higher than what was paid Stockholder will receive a return If stock is sold for a market price lower than what was paid Stockholder will lose money
35 Bonds Bonds are less risky than stocks but usually do not have the potential to earn as high of a return Definition Return Form of lending to a company or the government (city, state, or federal) Annual interest is paid to investor Once the maturity date is reached, the principal is repaid to the bondholder
36 Mutual Funds Mutual fund- when a company combines investment money from many different investors and then invests that money in a diversified portfolio (a mix of several different company s stocks and bonds) Make sure to research the fees charged by a mutual fund before investing Advantage Reduces investment risk Saves investors time Disadvantage Fees may be high
37 Investing in Real Estate Real Estate is property consisting of land and/or buildings Pro s - Protects against loss from inflation - Can deduct interest expenses from your taxes - Generally purchased using borrowed money - Do not usually fluctuate with the stock market Con s - Illiquid- meaning it is difficult to convert to cash - Usually requires a high minimum investment (10-20%) - High personal liability - High Transaction costs (commission, appraisals, closing costs)
38 Speculation High risk investing in which traders attempt to earn a return on the fluctuations of the market rather than interest or dividends (ie: options, collectibles, futures Buy low speculating it will increase in value quickly Sell high once the investment has reached a profit
39 The Stock Market where investors go to buy, or sell publicly trade stocks and bonds It is important to evaluate how the stock market is performing before investing your money A Bear Market is when the prices of investments in the stock market are dropping which encourages selling A Bull Market is one in which prices are rising which encourages buying
40 How to evaluate the Stock Market Dow Jones Industrial Average Averages the trading prices of 30 of the largest publicly traded companies (includes: McDonald s, Microsoft, Apple, Visa, and Walmart) Standard and Poor s 500 (S&P 500) Average trading prices of the top 500 publicly traded companies on the New York Stock Exchange (NYSE) and the NASDAQ NASDAQ Select Market Composite Measures 1200 stocks traded electronically on the NASDAQ stock exchange
41 Indices and their calculations Price-weight and value-weight indices are two ways to value a collection of related companies. The computation of index prices and movements are quite different for the two types of indices. A stock index reflects the movement in a group of companies. Market Index A market index is a basket of stocks that represent a certain portion or sector of the stock market. Price Weight Index A price weight index assigns weight in an index in proportion to the stock price of the underlying companies. For example, a stock with a $100 share price will have 10 times the effect on the index as a company with a $10 share price. Value Weight Index In a value-weight index, each company's market capitalization determines its weight in an index, regardless of share price. Thus, a $100 billion company in a value-weight index carries 10 times the weight of a $10 billion company. Examples The Dow Jones Industrial Average is an example of a price-weight index, while the Nasdaq stock market index is a value-weight index. Trading Effects In a value-weight index, larger companies account for the bulk of moves in an index. In a priceweight index, small companies can have more effect.
PFIN 5: Banking Procedures 24
PFIN 5: Banking Procedures 24 5 1 Checking Accounts OBJECTIVES Explain the purpose and use of a checking account. Prepare a checkbook register. Write a check and prepare a deposit slip. Prepare a bank
More informationFinancial Institutions vs. Financial Markets
Learning Objectives 1. I will gain an understanding of the different types of investment. 2. I will gain an understanding of the expected rate of return, risk, and liquidity for specific types of investments.
More informationCHAPTER 5-THE BANKING SYSTEM. Section 1- Checking Accounts
CHAPTER 5-THE BANKING SYSTEM Section 1- Checking Accounts CHECKING ACCOUNTS Checking Account: A demand deposit account on which checks are drawn. Advantages of a checking account Safe place to keep money
More informationLesson standards. E.6.3 Explain the roles of financial institutions. E.6.6 Explain how interest rates act as an incentive for savers and borrowers.
Lesson standards E.6.3 Explain the roles of financial institutions. E.6.6 Explain how interest rates act as an incentive for savers and borrowers. E.6.7 Compare and contrast different types of financial
More informationFINANCIAL INSTITUTIONS
SAVING WHY? to invest later Life like no one else is living now so you can live like no one else is living later in case of emergencies for big items to avoid debt to have more money later why don t people
More informationBanking Unit Outline Part I
Financial services are the products and services offered by financial institutions (banks) Examples include: Checkbook issuing ATMs Online banking Debit cards Financial advice A bank is a for-profit financial
More informationHOW TO USE A FINANCIAL INSTITUTION. BUILDING A better FUTURE
HOW TO USE A FINANCIAL INSTITUTION BUILDING A better FUTURE HOW TO USE A FINANCIAL INSTITUTION LATINO COMMUNITY CREDIT UNION & LATINO COMMUNITY DEVELOPMENT CENTER Copyright 2011 Latino Community Credit
More informationTABLE OF CONTENTS. Introduction 3. General Guidelines for Successful Account Management 3. Managing Your Checking Account. 1.
TABLE OF CONTENTS Introduction 3 General Guidelines for Successful Account Management 3 Managing Your Checking Account 1. Check Register 2. Planning 3. Recording Your Transactions 4. Balancing Your Account
More informationLESSON PLAN. Saving and Investing
LESSON PLAN Saving and Investing Introduce the advantages and disadvantages of common savings and investment vehicles, and show the short- and long-term effects of various savings and investment choices.
More informationChapter 17. Managing Personal Finances
Chapter 17 Managing Personal Finances Section 17-1 Using Financial Services Objectives Describe various services offered by financial institutions. Write and endorse checks correctly. Balance a checkbook.
More informationChecking 101. Property of Penn State Federal Credit Union
Checking 101 Checking 101 Checking Account Basics A check is a written order that represents cash Credit Union checking accounts are also called SHARE DRAFT accounts A share draft is equivalent to a check,
More informationTeens Glossary Terms. (see Bank account)
Teens Glossary Terms Account Account balance Account fee Annual fee Annual percentage rate (APR) Automated teller machine (ATM) Available Balance Bad check Bad credit Balance your checkbook Bank (see Bank
More informationChecking 101 Checking Out Checking Accounts
Checking 101 Checking Out Checking Accounts Checking 101 Checking Account Basics A check is a written order that represents cash Credit Union checking accounts are also called SHARE DRAFT accounts A share
More informationBasics of Banking. What Are Banks, Anyway? Types of Financial Institutions. Table of Contents
Basics of Banking This information is provided to you as a courtesy and does not constitute financial, tax or legal advice. Information provided in the financial modules may not be current and/or up to
More informationBanking Basics 101. How to Manage Your Finances and Still Have Money Left Over For a Night Out. Course objectives learn about:
Banking Basics 101 Course objectives learn about: Using a checking account Various types of payment vehicles Benefits of a savings account How to Manage Your Finances and Still Have Money Left Over For
More informationSection 4.1 Banking Systems
Section 4.1 Banking Systems Objectives Identify different types of financial institutions Describe the services of financial institutions Explain special services offered by financial institutions Types
More informationFinancial Services. All Classes. Vocabulary. Name Period Day
Name Period Day Financial Services All Classes Once you ve started earning money, you have to figure out the best way to spend it. Not what to spend it on necessarily you already did that with your budget,
More informationChecking Account & Debit Card Simulation. Understanding Checking Accounts and Debit Card Transactions
Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions What is a Checking Account? Common financial service used by many consumers Funds are easily accessed
More informationChecking Account & Debit Card Simulation. Understanding Checking Accounts and Debit Card Transactions
Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions Why Do People Use Checking Accounts? Reduces the need to carry large amounts of cash Convenience useful
More informationChecking Account & Debit Card Simulation. Understanding Checking Accounts and Debit Card Transactions
Checking Account & Debit Card Simulation Understanding Checking Accounts and Debit Card Transactions What is a Checking Account? Common financial service used by many consumers Funds are easily accessed
More informationBanking YourMoneyCounts
Banking YourMoneyCounts As one of the world s leading financial services companies, HSBC is proud to support our communities. Our long history of providing financial education continues today, through
More informationShare Draft/Checking Account Basics
Share Draft/Checking Account Basics A check is a written order that represents cash. Credit union checking accounts are called share draft accounts. Share drafts, like checks, are accepted almost everywhere.
More informationNotes and Reading Guide Chapter 11 Investment Basics
Notes and Reading Guide Chapter 11 Investment Basics Name: 1. Your investing goals should be to your money and. It is important to understand investing from a perspective. A solid grounding in investing
More informationexcerpt from The Wealthy Barber by David Chilton
Section 03 Unit 02 Banking Services Saving & Investing 03.02. Wealth beyond your wildest dreams is possible if you learn the golden secret: Invest ten percent of all you make for long-term growth. If you
More informationChecking Account Simulation. Understanding Checking Accounts
Checking Account Simulation Understanding Checking Accounts What is a Checking Account? 1.7.1.G1 Tool used to transfer funds deposited into the account to make a cash purchase Could also be named a transaction
More informationJournal. 1. When will you be wealthy? 2. At what point is someone wealthy?
Journal 1. When will you be wealthy? 2. At what point is someone wealthy? Habits Of Wealth What is a HABIT? Something you do without thinking about it. At what point is someone considered wealthy? Do you
More informationMoney 101 Presenter s Guide
For College Students Money 101 Presenter s Guide A Crash Course in Better Money Management For College Students Getting Started The What s My Score Money 101 presentation features six topics that should
More informationLearning about. Checking. Accounts WHAT YOU NEED TO KNOW Deluxe Corp. All Right Reserved.
Learning about Checking Accounts WHAT YOU NEED TO KNOW 2010 Deluxe Corp. All Right Reserved. Contents Learn About Checking Accounts................................3 Write a Check....................................................4
More informationChecking Account Simulation. Understanding Checking Accounts
Checking Account Simulation Understanding Checking Accounts What is a Checking Account? 1.7.1.G1 Tool used to transfer funds deposited into the account to make a cash purchase Could also be named a transaction
More informationMaking cards work for you. A public education campaign brought to you by MasterCard
Making cards work for you A public education campaign brought to you by MasterCard At school or work paying bills, renting an apartment or shopping for a new car, you need to know how cards save you money
More information401(k) 529 plan a American Stock Exchange (ASE) annual fee annual percentage rate (APR) asset auto insurance b bad debt balance bank bankruptcy
401(k) A retirement savings plan funded by employees and often matched by contributions from the employer; contributions are usually made before taxes and grow tax-free until withdrawn, although after-tax
More informationGet Ready to Take Charge of Your Finances
Checking Account & Debit Card Simulation Grade Level 7-9 Get Ready to Take Charge of Your Finances Time to complete: 180 minutes National Content Standards Family and Consumer Science Standards: 1.1.6,
More informationChapter 5 Banking Procedures. Copyright 2007 Thomson South-Western
Chapter 5 Banking Procedures Copyright 2007 Thomson South-Western Introduction to Checking Accounts A check is a written order to pay a stated amount to a person or business Checking account Is a demand
More informationSaving for the Future
Chapter 10 Saving for the Future 10.1 Growing Money: Why, Where, and How 10.2 Savings Options, Features, and Plans 2010 South-Western, Cengage Learning Lesson 10.1 Growing Money: Why, Where, and How GOALS
More informationUsing Banking Services
Teacher's Guide $ Lesson Six Using Banking Services 04/09 using banking services websites websites for banking services The internet is probably the most extensive and dynamic source of information in
More informationFlexStudent. How to use your account Plus the FlexStudent terms and conditions. Building Society
FlexStudent How to use your account Plus the FlexStudent terms and conditions Building Society What is this leaflet for? In this leaflet, you ll find information on how to use your FlexStudent account,
More informationAn interactive game designed to familiarize students with the personal finance management issues they are beginning to face as young adults Features
An interactive game designed to familiarize students with the personal finance management issues they are beginning to face as young adults Features financial questions throughout the game Like football,
More informationRetirement Plans for Small Businesses and the Self-Employed
Retirement Plans for Small Businesses and the Self-Employed Retirement Planning Void Just 28% of companies with 10 or fewer employees offer any type of retirement plan 51% of companies with 10 to 24 workers
More informationUnit 5 Financial Literacy
Unit 5 Financial Literacy MONEY Money is anything that people will accept as payment for goods and services and it should perform three important functions: 1) Medium of Exchange- the means through which
More informationBANKING WITH A FINANCIAL INSTITUTION
BANKING WITH A FINANCIAL INSTITUTION What I need to learn to keep my money safe and help it grow Financial Education Supported by: Concept Checklist What will I learn today? [ ] Financial Institutions
More informationUnit 13: Investing and Retirement
Investing and Retirement There is no more reading from the textbook or quizzes. The rest of the textbook is covered in the Advanced Family Finance class. However, there are a few things that I like to
More informationwith the support of Everyday Banking An easy read guide March 2018
with the support of Everyday Banking An easy read guide March 2018 Who is this guide for? This guide has been designed to help anyone who might need more information about everyday banking. We will cover
More informationHow Does the Banking System Work? (EA)
How Does the Banking System Work? (EA) What do you notice when you enter a bank? Perhaps you pass an automated teller machine in the lobby. ATMs can dispense cash, accept deposits, and make transfers from
More informationOVERVIEW Personal Checking Accounts Personal Checking Teen Checking 1 Interest Checking Checking 55 Club Account This basic checking account has no monthly fee when you meet easy-to-reach balance requirements.
More informationChapter 12. Banking Procedures and Services Pearson Education, Inc. All rights reserved
Chapter 12 Banking Procedures and Services 2010 Pearson Education, Inc. All rights reserved Learning Objectives Explain the difference between different types of financial institutions Learn the basics
More informationIntroduction to Investing
Introduction to Investing "Take Charge of Your Finances" Advanced Level Saving and Investing Once an appropriate amount of liquid assets are reached Remember: The purpose of savings is to develop financial
More informationU.S. Banking System Overview
Date Here U.S. Banking System Overview Banking is regulated by federal and state governments Privacy Disclosure Fraud protection Protection against dishonest lending Lending to low-income populations U.S.
More informationSavings and Investing
Savings and Investing Personal Finance Project You must show evidence of your reading either with highlighting or annotating (not just the first page but the whole packet) This packet is due at the end
More informationBUYER S GUIDE TO FIXED INDEX ANNUITIES
BUYER S GUIDE TO FIXED INDEX ANNUITIES Prepared by the National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory
More informationBuilding Your Future. with the Kohl s 401(k) Savings Plan. Kohl s supports planning for your financial future with increased confidence.
Building Your Future with the Kohl s 401(k) Savings Plan Kohl s supports planning for your financial future with increased confidence. FINANCIAL Me? Save for Retirement? YES. THE MOST IMPORTANT REASON
More informationP.Y.F. Participant s Guide
P.Y.F. Participant s Guide 1 Table of Contents Welcome Pre-Test Pay Yourself First Saving for Purchases Emergency Savings Retirement Savings Daily Decisions Matter Savings Tips How Your Money Grows (Simple
More informationGetting started as an investor. A guide for investors
Getting started as an investor A guide for investors MAKE A RETURN AND A DIFFERENCE You can earn attractive, stable returns by lending to businesses through Funding Circle. Set up your account in minutes,
More informationPersonal Finance Guide
Educators Credit Union Personal Finance Guide Learn the basics and begin to secure your future. Earner. Planner. Saver. Member. For the teacher in you. 262.886.5900 ecu.com Table of contents What s personal
More informationPresentation Notes for Take It to the Bank- A Guide to Saving and Investments. Take It To The Bank. A Guide to Saving and Investments
Presentation Notes for - A Guide to Saving and Investments Slide 1 Take It To The Bank A Guide to Saving and Investments Page1 Slide 2 Copyright Copyright Texas Education Agency, 2013. These Materials
More informationCurriculum Guide
EverFi @Work Curriculum Guide Table of Contents Overview... 3 Detailed Module Summaries... 4 Auto Loans... 4 Building Emergency Savings... 4 Checking Accounts... 4 Considering Home Ownership... 5 Credit
More informationReading Essentials and Study Guide
Lesson 3 Banking Today ESSENTIAL QUESTION How has technology affected the way we use money today? Reading HELPDESK Academic Vocabulary products things that are sold Content Vocabulary credit union nonprofit
More informationYour Guide To Debit Cards. Brought to you by:
Your Guide To Debit Cards Brought to you by: Table of contents Introduction 3 How did debit cards come to be and what exactly are they? 4 How does a debit card work? 5 What happens when I use my debit
More informationTo find out more about our accessible services please visit
Give me the facts Welcome This guide explains how your account works. It takes you through the ways you may be able to access your account, make payments and keep both your finances and information safe.
More informationWarehouse Money Visa Card Terms and Conditions
Warehouse Money Visa Card Terms and Conditions 1 01 Contents 1. About these terms 6 2. How to read this document 6 3. Managing your account online 6 4. Managing your account online things you need to
More informationGetting started as an investor. A guide for investors
Getting started as an investor A guide for investors MAKE A RETURN AND A DIFFERENCE You can earn attractive, stable returns by lending to businesses through Funding Circle. Set up your account in minutes,
More informationspin-free guide to bonds Investing Risk Equities Bonds Property Income
spin-free guide to bonds Investing Risk Equities Bonds Property Income Contents Explaining the world of bonds 3 Understanding how bond prices can rise or fall 5 The different types of bonds 8 Bonds compared
More informationA Financial Primer: 12 Tips to Help Secure Your Financial Future
A Financial Primer: 12 Tips to Help Secure Your Financial Future What will you do with your earning power and what will you have to show for it in the future? Table of Contents Page Your Earning Power
More informationStock Market Basics FIN 1050
Stock Market Basics FIN 1050 Why Learn About Stocks The stock market is the core of America s economic system A Stock is a share of ownership in the assets and earnings of a company A Bond is a type of
More informationFinancial Well-being BASIC INVESTING AND RETIREMENT PLANNING
Financial Well-being BASIC INVESTING AND RETIREMENT PLANNING BASIC INVESTING AND RETIREMENT PLANNING You are well on your way toward managing your financial well-being and then someone asks you the question.
More informationCurriculum Guide
EverFi @Work Curriculum Guide Table of Contents Overview... 3 Detailed Module Summaries... 4 Auto Loans... 4 Benefits of a Credit Union... 4 Budgeting Tool... 4 Building Emergency Savings... 4 Checking
More informationRisk -The most important concept of investment
Investment vs. Saving How is investing different from saving? Investing means putting money to work to earn a rate of, while saving means put the money in a home safe, or a safe deposit box. Investments
More informationLecture 13: The Equity Premium
Lecture 13: The Equity Premium October 27, 2016 Prof. Wyatt Brooks Types of Assets This can take many possible forms: Stocks: buy a fraction of a corporation Bonds: lend cash for repayment in the future
More informationLiving today while planning for tomorrow. UTC Employee Savings Plan Enrollment Guide TOTAL REWARDS
Living today while planning for tomorrow 2018 UTC Employee Savings Plan Enrollment Guide TOTAL REWARDS WHAT S INSIDE Why Save Now?...3 Steps To Getting Started STEP 1: Decide How Much To Save...4 STEP
More informationBook 2: Personal Banking
Math 21 Earning and Spending Money Book 2: Personal Banking Teacher Version Assessments and Answers Included Edited April 2015 Year Overview: Earning and Spending Money 1. Budget 2. Personal Banking 3.
More informationName: Period: Orientation to Business Chapter 28 Notes
Name: Period: Orientation to Business Chapter 28 Notes Money Management Budget o Includes (3 key things) 5 steps 1. Set Goals 2. Estimate Income (define each) Income: Gross Pay: Deductions: Net Pay: 1
More informationUnit 4 More Banking: Checks, Savings and ATMs
Unit 4 More Banking: Checks, Savings and ATMs Banking: Vocabulary Review Directions: Draw a line to match the word with its meaning. 1. bank 2. credit 3. ATM 4. minimum 5. maximum 6. teller 7. balance
More informationThe Fundamentals of Investing Vocabulary List
Page 14 2.4.4.E1 The Fundamentals of Investing Vocabulary List TERM DEFINITION 1 Bond A form of lending to a company or the government (city, state, or federal) 2 Brokerage firm Facilitates the buying
More informationFrequently Asked Questions
Frequently Asked Questions What is Pinnacle s website address? We have set up a site specifically to help you through the transition. Please visit www.mypinnacle.com for more information about Pinnacle
More informationINVESTING FOR YOUR RETIREMENT. The choice is yours
INVESTING FOR YOUR RETIREMENT The choice is yours 2 Supporting your journey. Thinking about your retirement isn t always easy, as it can feel far away. But knowing which way you re heading can give you
More informationWe want you to avoid overdraft fees. Having a clearer understanding of overdrafts is a good place to start.
Overdraft Overview. We want you to avoid overdraft fees. Having a clearer understanding of overdrafts is a good place to start. So, what is an overdraft? In most cases, an overdraft is when the bank allows
More informationSWITCH MY STUFF SWITCHING YOUR ACCOUNT IS EASY
SWITCH MY STUFF Make the switch to Element Federal Credit Union We make it easy. SWITCHING YOUR ACCOUNT IS EASY If you re happy with your bank, that s great. If you re not, and the fees are killing you,
More informationWhere should my money go First? Here s advice from the financial professionals at Schwab.
Where should my money go First? Here s advice from the financial professionals at Schwab. Start with the basics. In an ideal world, you d have enough money to pay all your bills and save for retirement
More informationPFIN 10: Understanding Saving and Investing 62
PFIN 10: Understanding Saving and Investing 62 10-1 Reasons for Saving and Investing OBJECTIVES Explain the difference between saving and investing. Describe reasons for saving and investing. Describe
More informationthe BARRIERS risk vs. reward IgniteFunding.com
b r e a k d o w n risk vs. reward Ignite Funding 702.739.9053 IgniteFunding.com Deciding where to invest a clients money is never an easy task. The biggest question being, where are they going to get the
More informationHow to Manage Your Checking Account
CHAPTER 3 How to Manage Your Checking Account Activity: Individual 25 MINUTES Materials: One activity sheet and one calculator per student Objective: The purpose of this activity is for students to demonstrate
More informationInterest Rates, Charges & Important Information
Interest Rates, Charges & Important Information Guide To Changes We are making some changes to this brochure. The changes will come into effect on 6th April 2018 and will apply to all St. James s Place
More informationBuyer's Guide To Fixed Deferred Annuities
Buyer's Guide To Fixed Deferred Annuities Prepared By The National Association of Insurance Commissioners The National Association of Insurance Commissioners is an association of state insurance regulatory
More informationState of Michigan 457 and 401(k) Plan Highlights. Saving Today, Planning for Tomorrow
Saving Today, Planning for Tomorrow The Michigan Public School Employees Retirement System provides competitive retirement and health care benefits and encourages you to take full advantage of them to
More informationTHE MARIE CURIE COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want
THE MARIE CURIE COMPANY PENSION GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want Your Marie Curie company pension is provided by Scottish Widows. INTRODUCING ZAPPAR Welcome
More informationYOUR GUIDE TO: Retirement Plan Loans. Because you never know what life has in store. For participant use only
YOUR GUIDE TO: Retirement Plan Loans Because you never know what life has in store. For participant use only Being able to take a loan is a potential benefit of retirement plan participation, but be sure
More informationThe Pyramid of Risk and Rewards
NAME: CLASS PERIOD: The Pyramid of Risk and Rewards Highest Risk: Highest Potential Return or Loss Speculative Stocks Real Estate Individual Stocks Stock Mutual Funds Money Market Mutual Funds Insured
More informationFinancial Literacy - Money Trek
Financial Literacy - Money Trek MODULE 5 - SAVING & INVESTING PREPARED BY: FINANCIAL LITERACY COMMITTEE, AAUW CALIFORNIA Objectives Identify ways to save money. Understand why it is important to save.
More informationBanking Basics. Banks and Credit Unions. Warm-Up Activity. Why should you put your money in a bank?
Account Management Account Management You will be introduced to the banking process. You will learn how to locate a bank or credit union with which you want to do business, what accounts you should have
More informationNortheast Power. Sixty and. James P. Smith. Electric Bill /22/2003 $ 60.00
R esponsibly managing a checking account is simple once you get into the practice of accurately keeping track of all the money that is deposited and withdrawn. You just need to remember the most important
More informationCredit Repair Company
6 Business Credit Secrets Every Credit Repair Company Should Know 6 Business Credit Secrets Every Credit Repair Company Should Know About Business Credit is credit that is obtained in a Business Name.
More informationChapter 11 Questions A B C D
Chapter 11 Questions A B C D Which of these is NOT a part of the financial system? governments to control the market organizations that bring funds and assets together the funds that a saver transfer to
More informationDRIVING MY FINANCIAL FUTURE
STUDENT ACTIVITY 2 Write all of the things you d like to have or do that cost money, you can make the list as long as you want. Review the items you have listed and group them into the 3 category boxes
More informationTABLE OF CONTENTS. Saving Vs. Investing Becoming A Saver Where To Save? Importance Of An Emergency Fund... 08
OUR PURPOSE The purpose of The USAA Educational Foundation is to lead and inspire actions that improve financial readiness for the military and local community. TABLE OF CONTENTS Saving Vs. Investing...
More informationChapter 13. Methods of Saving Pearson Education, Inc. All rights reserved
Chapter 13 Methods of Saving 2010 Pearson Education, Inc. All rights reserved Learning Objectives Explore the ways in which savings can earn interest Examine the different types of bank accounts that can
More informationGetting started as an investor. A guide for investors
Getting started as an investor A guide for investors MAKE A RETURN AND A DIFFERENCE You can earn attractive, stable returns by lending to businesses through Funding Circle. Set up your account in minutes,
More informationDate Here. Welcome University of Michigan International Students
Date Here Welcome University of Michigan International Students U.S. Banking System Overview Banking is regulated by federal and state governments Privacy Disclosure Fraud protection Protection against
More informationSaving and Investing
Presentation Slides $ Lesson Twelve Saving and Investing 04/09 pay yourself first (a little can add up) example 1: Save this each week At % Interest In 10 years you ll have $7.00 5% $4,720 $14.00 5% $9,400
More informationIn most cases, it s beneficial to roll your 401(k) or 403(b) into an IRA. Almost 95% of funds in IRAs come from retirement plan rollovers.
INVESTMENT ROLLOVER Transferring your money in your 401(k) or 403(b) to an IRA is often a wise financial decision but, like all other financial decisions, you need to know the facts. This guide will explain
More informationYOU RE. WORTH MORE with. Your Guide to Financial Success
YOU RE WORTH MORE with Your Guide to Financial Success FOR EVERY DAY. FOR EVERY THING. Questions? Visit www.americu.org, stop by your local AmeriCU Financial Center, or call our Member Service Center at
More informationFINANCIAL SERVICES GETTING TO KNOW YOUR FINANCIAL INSTITUTION
FINANCIAL SERVICES GETTING TO KNOW YOUR FINANCIAL INSTITUTION History of financial institutions Federal Reserve Act 12 Federal Reserve Districts Non-Banking Financial Institutions -Credit Unions -Savings
More information