Banking
This account is designed for everyday spending and frequent transactions
Checking Account
What is a budget?
A plan for managing income and expenses that helps track where your money goes. This includes spending, saving, and planning for future needs
True or False: Student loans DO NOT effect your Credit Score
FALSE!
This account is designed for storing money long term
Savings Account
Essential expenses like food, housing, and utilities
Needs
What does Debbie make in order to help with her finances?
Handbags
What happens when you spend more money than you have in your bank account?
Overdraft
Non-essential expenses like entertainment, clothes, and dining out
Wants
What percentage of pay day loans are forced to renew every two weeks?
80%
Provide one service a bank offers
*Every team gets a turn*
Deposits, Withdrawals, Loans, Financial Planning,Documents Notarized, Foreign Currency Exchange, Open/Close accounts ...
Provide one benefit of having a budget OR an example of a budgeting strategy
*Every team gets a turn*
Emergencies, Goals, Investments, Manages/Reduces Debt, Prevents Overspending...
50/30/20 Rule, Cash-Envelope System, Zero-Based Budgeting ...
How many Americans lack access to the traditional financial systems?
*HINT: It's somewhere in the millions (Less than 100 Million)*
70 Million