1
A way to get money from the bank without going to the bank
ATM
How can you save money ?
Put some of your loose change in a jar or bowl at the end of each day.
Skip something you might usually buy
Set money outside each week
you get something now and have to pay for it when the monthly bill is due.
using credit card
This number summarizes your financial history.
Credit score
How to protect yourself from scams
Don’t give out personal information unless you made the contact or you are absolutely certain who is getting the information. • Don’t give out your Social Security number and don’t carry it with you. • List all your credit cards and account numbers, with the customer service numbers for each one, and keep it in a safe place at home. • Shred documents with personal information before throwing them out. o Examples: bank statements, credit card bills, tax forms, health insurance papers. o Peel off prescription labels before throwing out empty medication containers. • Be careful what you post on social media.
You have to pay this overtime when you obtain a loan
Interest
how can you track your spending?
Save receipts or bills, make note on what you buy
involve getting cash now and paying it back later, usually with additional money called interest.
loans
How to decrease Your Expenses?
Cut your living expenses to a minimum • Buy only what you really need urgently • Get a smaller size, or fewer, if that costs less • Try a cheaper version of what you use now • Control your spending triggers
How to protect Your Credit or Debit Cards
• Use your debit card only at familiar ATMs that are well-lighted and well-maintained. • Use your credit cards only at stores and on websites you trust. • Check your account statements for any charges that you don’t recognize. • If possible, get a “chip” card, which is more secure.
Puts your check straight to your account
Direct Deposit
may be charged for using an ATM at a different bank from your own.
ATM FEE
means that you buy things for a brief period and then pay for them all at once later.
running tab
How to increase Your Income
• Get a job, work more, or find a job that pays more. • If you receive a Social Security check (SSI or SSDI), find out how much you can earn from a paid job by consulting with a benefits specialist. You may be surprised!
is an event or experience that prompts you to buy something
Spending Trigger
You use computer or mobile device to manage your bank account
Online or Electronic Banking
charged if you try to withdraw more than you have in the account.
overdraft fees
This report shows your history of borrowing and paying bills
Credit report
How can you keep track of your bills?
Have or make a bill calendar
is when you have enough income to meet your needs, repay any debts, and build assets, including savings.
Financial Stability
institutions that are approved by the government to accept deposits and make loans
Banks
s use a debit card that you buy then load with money. It’s different from a debit card
Pre-paid debit card
when someone uses your personal information to get credit cards, steal money from your accounts, apply for loans, set up accounts with utility companies, rent an apartment, or even get a job using your name.
Financial Identity theft
is when someone uses your personal information to get prescriptions or other healthcare services.
Medical identity theft
is when you save money and have a plan for your financial future
Financial Security