Banking
What are the two types of bank accounts?
Checking and savings
What does a smart shopper do?
Compare prices before buying
True or False: Your credit score is a number banks and credit card companies use to find out how likely you are to pay back money on time
TRUE
What is the PAL teachers name?
Kylie
Are a debit card and a credit card the same thing? Explain your answer.
No, they are not the same thing.
What are some necessities that need to be on your budget?
Rent, groceries, electricity
What is direct deposit?
When you can electronically receive an amount of money (paycheck) rather than receiving a paper check.
What did we talk about last week
Life Decisions and Responsibilities
Do you ever have to pay to cash a check?
Yes, sometimes, if it is not at your own bank.
What are some wants that will be on your budget?
Shopping, netflix, fast food
What do you do to establish good credit?
Pay your bills on time
How do you get your $1000 TLA check?
Go to Saint Francis
What is something you CANNOT do with online banking?
Withdrawal cash
Why are budgets important and necessary?
It is a guide to help you reach your financial goals and help you become successful
True or False: Setting up direct deposit can allow you faster access to your money
TRUE
How do you prevent identity theft?
Keeping documents secure, not sharing personal information
What is the limitation of online banking?
You have to have internet connection to access it.
Credit cards can only POSITIVELY effect your credit score
FALSE
Why would you need to show a paystub to a case manager or to rent an apartment?
To prove how much you make, show how much you can pay monthly