|
Education
Web
Viewing 1-1 of 1 total results
 Hands On Banking Adults: Teacher's Guide
credit has no collateral attached Mortgage f. The combination of a business' fixed and variable costs Unsecured credit g. Monthly record of your account activity sent by the bank 2. Safe-deposit boxes are secure boxes at the bank to protect your important documents and valuables. Id...
1
0
credit has no collateral attached Mortgage f. The combination of a business' fixed and variable costs Unsecured credit g. Monthly record of your account activity sent by the bank 2. Safe-deposit boxes are secure boxes at the bank to protect your important documents and valuables. Identify some of the items you might want to keep in a safe-deposit box. Yes No Item Birth certificates Loan documents Insurance policies Items that are not replaceable or have sentimental value Savings bonds
28
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=28
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
are usually required, for example: • Driver’s license or state ID • Passport • U.S. military ID • Alien Registration card • Matricula Consular card OR 1 item from the above list and a major credit card or gas card. And… • Your Social Security number or individual tax ID number (ITIN) • Money to <span class="highlight">deposit</span> – ask if there’s a minimum. Bank requirements may vary, so ask your local bank what they require. • When you open an account, take out a loan, or use other services at a bank, you will be
29
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=29
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHER’S GUIDE 29 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Savings <span class="highlight">Deposit</span> Worksheet Name Fill out the sample <span class="highlight">deposit</span> slip below using the following information: Checks to <span class="highlight">deposit</span>: $57.58 $146.25 $10.92 $27.63 Cash back: $20 To complete a savings <span class="highlight">deposit</span> slip: • Put the date in the space marked “A”. • Write your account number on the line marked “B”. (Since this is for practice, you’ll need to create your own account number) • If
30
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=30
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHER’S GUIDE 30 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Teacher’s Copy of Savings <span class="highlight">Deposit</span> Worksheet Fill out the sample <span class="highlight">deposit</span> slip below using the following information: Checks to <span class="highlight">deposit</span>: $57.58 $146.25 $10.92 $27.63 Cash back: $20 To complete a savings <span class="highlight">deposit</span> slip: • Put the date in the space marked “A”. • Write your account number on the line marked “B”. (Since this is for practice, you’ll need to create your own account number) • If
37
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=37
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
provide a record of how much you spend, and where. Tracking where your money goes can help you stay within your budget. • Having a checking account makes it easy to <span class="highlight">deposit</span> checks that others give you. You can <span class="highlight">deposit</span> your check at the bank or at many ATMs. • With a personal checking account, you’ll pay much less than the high-cost fees charged by check-cashing stores. Direct <span class="highlight">deposit</span> • Another bonus to having a checking account is that some employers offer a free service called direct <span class="highlight">deposit</span>. This
43
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=43
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHER’S GUIDE 43 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Checking <span class="highlight">Deposit</span> Worksheet Name Use the information below to fill in a sample checking account <span class="highlight">deposit</span> slip. Checks to <span class="highlight">deposit</span>: Cash back: $17.10 $80.00 1,145.55 75.00 335.92 To complete a checking <span class="highlight">deposit</span> slip: • Put the date in the space marked “A”. • Write your account number on the line marked “B”. (Since this is for practice, you’ll need to create your own
44
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=44
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHER’S GUIDE 44 ADULTS • MANAGING YOUR MONEY • www.handsonbanking.org Teacher’s Copy of Checking <span class="highlight">Deposit</span> Worksheet Use the information below to fill in a sample checking account <span class="highlight">deposit</span> slip. Checks to <span class="highlight">deposit</span>: Cash back: $17.10 $80.00 1,145.55 75.00 335.92 To complete a checking <span class="highlight">deposit</span> slip: • Put the date in the space marked “A”. • Write your account number on the line marked “B”. (Since this is for practice, you’ll need to create your own account
46
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=46
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
bank. ATM Safety Tips ƒ Think about your personal safety when using an ATM. Because most ATMs give out cash and many accept deposits, it makes sense to be alert and aware of your surroundings, <span class="highlight">no</span> matter where or when you use an ATM. ƒ Memorize your personal identification number (PIN). Don’t write down your account number and PIN and carry it with you. If your wallet or purse is stolen, someone else could have access to your money. ƒ When typing in your PIN at the ATM, cover the number pad so <span class="highlight">no</span> one
115
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=115
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHER’S GUIDE 115 ADULTS • PLANNING YOUR FUTURE •www.handsonbanking.org • If an account pays compound interest, that means the financial institution will pay you interest not only on your original <span class="highlight">deposit</span> but also on the interest your <span class="highlight">deposit</span> has earned over time. With compound interest, your money grows much faster. Quarterly Compound Interest Quarter Amount In Account Interest Total Amount After 4 Quarters (1 year) 1 $ 1000.00 1.25% ($1000 x .0125) + 1000 = $1012.50
146
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=146
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
credit has <span class="highlight">no</span> collateral attached Mortgage f. The combination of a business' fixed and variable costs Unsecured credit g. Monthly record of your account activity sent by the bank 2. Safe-<span class="highlight">deposit</span> boxes are secure boxes at the bank to protect your important documents and valuables. Identify some of the items you might want to keep in a safe-<span class="highlight">deposit</span> box. Yes <span class="highlight">No</span> Item Birth certificates Loan documents Insurance policies Items that are not replaceable or have sentimental value Savings bonds
149
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=149
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
of credit has <span class="highlight">no</span> collateral attached Mortgage b f. The combination of a business’ fixed and variable costs Unsecured credit e g. Monthly record of your account activity sent by the bank 2. Safe-<span class="highlight">deposit</span> boxes are secure boxes at the bank to protect your important documents and valuables. Identify some of the items you might want to keep in a safe-<span class="highlight">deposit</span> box. Yes <span class="highlight">No</span> Item √ Birth certificates √ Loan documents √ Insurance policies √ Items that are not replaceable or have sentimental value
153
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=153
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
Bank account) Account balance The exact amount of money contained in a <span class="highlight">deposit</span> account according to the bank. This figure may be different than the amount shown in your own records because of checks you have written or deposits you have made that have not yet been processed by the financial institution. Account fee The amount charged by a financial institution for the services they provide in managing the account. This may also be called the monthly service fee. Accounting To keep an exact listing
154
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=154
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
anywhere from three months to several years. As a result, this account usually offers higher rates of return than a savings account. Money removed before the agreed upon date is subject to an early withdrawal penalty. The account pays interest on the <span class="highlight">deposit</span> and is FDIC-insured. Banks issue an actual certificate for a CD account. If <span class="highlight">no</span> certificate is issued, the account is known instead as a “time <span class="highlight">deposit</span>.” Character The financial steadiness and stability of a borrower. For example, when reviewing your
157
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=157
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHERS GUIDE 157 ADULTS • DICTIONARY • www.handsonbanking.org Direct <span class="highlight">deposit</span> A <span class="highlight">deposit</span> made directly into your account by the payer without the use of a check or <span class="highlight">deposit</span> slip. Typical direct deposits include Social Security payments and automatic payroll deposits. Disclosure A document provided by a lender, such as a bank or credit card company, that details the interest rate, fees, and terms of repayment. Discretionary expense The purchase of goods or services which are
158
0
http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=158
www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
HANDS ON BANKING® • TEACHERS GUIDE 158 ADULTS • DICTIONARY • www.handsonbanking.org ETA (see electronic transfer account) FAFSA (see Free application for federal student aid) FDIC (see Federal <span class="highlight">Deposit</span> Insurance Corporation) Federal <span class="highlight">Deposit</span> Insurance Corporation (FDIC) An agency of the federal government that insures all bank deposits up to $100,000 per person. Federal Reserve An independent governmental agency established by Congress to organize and regulate banking throughout the United States
|
