2.7.2.g1 © family economics & financial education – revised april 2006 – get ready to take...
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2.7.2.G1 © Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona You will complete an assessment on Checking accounts Get a handout from the front of the room. Complete it.TRANSCRIPT
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 1
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will learn about different accounts available at depository institutions
What is a depository institution? Give an example of one.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Journal
Match the words with the definitions _____ 1. A business
that offers and sells financial services to people.
_____ 2. The most common type of depository institution.
_____ 3. Money put into an account.
_____ 4. Money taken out of an account.
A. Deposit B. Depository
Institution C. Withdraw D. Commercial Bank
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will complete an assessment on Checking accounts
Get a handout from the front of the room. Complete it.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will finish your assessment on Savings tools
_____ 13. Savings Account
_____ _____ 14. Money
Market Deposit Account
_____ _____ 15. Certificate of
Deposit (CD) _____
A. Can withdraw money through an unlimited
number of transactions each month.B. If money is withdrawn early, the
owner must paya penalty fee.C. Money must remain in this tool for
a specificperiod of time.D. Using checks or a debit card are
two ways moneycan be withdrawn.E. The account usually requires more
money than asavings account to open.F. This account pays the least amount
of interest.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Journal
What grade do you think you got on your assessment? What could Mrs. Cox have done to make this assignment easier for you to complete?
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will review for a quiz on depository institutions tomorrow
1. A checking account is a very common type of account that offers safety and convenience.
2. Most checking accounts do not pay interest.3. Checks and debit cards can be used to
withdraw funds or make purchases from a checking account.
4. An individual can “bounce a check” if he/she has sufficient funds in a checking account.
5. Using a PIN (Personal Identification Number) is optional when using a debit card.
6. Check 21 allows individuals to bounce checks easily.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will finish your assessment on checking accounts
What do you have left to do on your poster? How can you make sure it’s done today?
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Journal
What is a signature authorization card and why would you need to complete one?
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will learn how to write a check
What is a check? How do you write one?
https://www.youtube.com/watch?v=69Zq0giUvIU
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Checks
1. Southern Middle School for 20 for a pe uniform
2. Walmart for 107.85 for groceries3. 12.24 to Verizon Wireless for a
phone case4. 150.59 to Foot Locker for shoes5. 30.68 to Rainbow for clothes6. 85.23 to Lens Crafters for glasses
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will learn about savings tools available at a depository institution
Get a handout from the front of the room and complete it.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will review for a quiz on depository institutions.
Get a handout from the front of the room and complete it.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
You will take a quiz on depository institutions.
Get a handout from the front of the room and complete it.
2.7.2.G1
© Family Economics & Financial Education – Revised April 2006 – Get Ready to Take Charge of Your Finances – Depository Institution Discovery – Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
When you are finished
1. Turn in your test2. Get a yellow book. 3. Read pages 159-1774. Complete “Words you Learned” (1-
9).