Unit 3 Budget: Don’t Go Broke. Step 3: Other tools to help you handle your cash. TRANSACTION SERVICES RECORD KEEPING. Transaction Services. A Checking Account You can write a check You can use an ATM You can use a Debit Card that acts like an electronic check
Other tools to help you handle your cash
Watch the videos. Take notes on how to write a check and how to balance a check book.
How to Write a Check
How to Balance a Check Book
ATM fees—There is often a fee for using an ATM, usually 1-2 dollars
Watch the video. Make a list of things you should consider when looking for a bank.
How to Choose the Right Bank for You
Record Keeping and the IRS
Watch the video. Take notes on what to keep and how long to keep it.
The benefits of a budget, what it is, and how it works
The difference between income and expenses
How taxes and other payroll deductions affect your paycheck
The importance of PYF
How basic tools like a checking account or the envelope system can help your budget work for you
Watch the video. What are money losers and what are money winners?
Laugh and Learn about Personal Finance
Quick Check: How Are You Doing?
Directions: Write a sentence answering ‘yes’ or ‘no’ for each statement.
Do you have written goals?
Do you save regularly?
Do you have a budget?
Do you pay what you owe promptly?
Do you think ahead before you buy?
Do you buy only what you need and will use.
Do you PYF?
From what you learned in the Quick Check, write down two steps you can take this week to improve your financial habits.
TEXT AND ASSIGNMENTS
NEFE High School Financial Planning Program, Student Guide. National Endowment for Financial Education. Greenwood Village, CO. 2001.
Page 2: “How to Write a Check—Checking Account Tips.” You Tube.
Page 2: “How to Balance a Checkbook.” You Tube.
Page 4: “How to Choose the Right Bank for You.” You Tube.
Page 6: “Record Keeping.” You Tube.
Page 7: “Laugh and Learn about Personal Finance.” Investored.ca You Tube
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