Fall 2010. Online Version for Program Course Credit 2010-11. Financial Literacy Education II: Bank Services. Goals for This Meeting. Budgeting Benefits of Banking Savings Accounts (Opening an Account, Interest, Tips)
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Online Version for Program Course Credit 2010-11
Financial Literacy Education II:
Commitment to Glow Foundation’s program
Be prompt and prepared for all Glow sessions (including HW items)
Reach out for help when needed
Respond promptly to emails or phone calls
Share the information learned with family and peers
Be respectful (one mic)/confidentiality
Accountable for myself and the group success
What is said in Glow stays in Glow
Spend 2 minutes writing the answers to the following:
What is a Savings Account?
Types of Savings Accounts
How can you save more money NOW?
Compare the Results:
Each person saved $5 a day and the Super Saver earned 5% interest compounded daily.
What is Compound Interest?
What is a Checking Account?
Forms of ID that can be used to open a bank account (need 2 forms of ID- at least 1 government issued)
Parts of a Check
How to Write a Check
Parts of a Check Register
How to Endorse a Check
What’s the difference between an ATM and debit card?
ATM Cards are used to:
Debit cards can do this in addition to:
What information is on your ATM/Debit card?
(If you have a debit card, you can examine it as we look at the parts of a debit card)
ATM/Debit Card Tips:
Extended Overdrawn Balance Charge (EOBC)
Foreign ATM Fee
Monthly Service Charge
Online Banking Allows You to:
Do some research around credit and credit cards including watching commercials –
What are the key things to know before getting a credit card?