can you survive n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Can You Survive? PowerPoint Presentation
Download Presentation
Can You Survive?

Loading in 2 Seconds...

play fullscreen
1 / 62

Can You Survive? - PowerPoint PPT Presentation


  • 137 Views
  • Uploaded on

Can You Survive?. Understanding banking and credit. Learning Objectives. The youth will be able to: Define credit Understand the difference between good and bad credit Correctly fill out a check, deposit slip, and check register. Credit Basics. Credit is the ability to borrow money

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Can You Survive?' - emilia


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
can you survive

Can You Survive?

Understanding banking and credit.

learning objectives
Learning Objectives

The youth will be able to:

  • Define credit
  • Understand the difference between good and bad credit
  • Correctly fill out a check, deposit slip, and check register
credit basics
Credit Basics
  • Credit is the ability to borrow money
    • Buy now, pay later
  • Be aware of interest charges
    • Depends on:
      • Principal
      • Term
      • Interest rate
credit benefits vs risks
Credit Benefits vs. Risks
  • Good credit makes life easier
    • Financial flexibility
    • More opportunities
  • Too easy to mess up
    • Late fees
    • Overspending
    • Loss of opportunities
your score and credit report
Your Score and Credit Report
  • Your Credit Score
    • Determines how likely you are to get a loan
  • Your Credit Report is free once every twelve months
    • Equifax
    • Experian
    • TransUnion
  • Don’t pay if you don’t have to
what s on it
What’s On It?
  • Basic demographic info
    • Name
    • SSN
    • Current and former addresses
    • Open and closed accounts
  • Credit history
    • Review regularly to check for errors and fraud
why is it important
Why is it Important?
  • You give others permission to look at it
    • Employers
    • Loan applications
    • Apartment application
    • Credit card applications (including store CC)
  • Negative information stays on in it for 7 years
what if it s wrong
What if it’s Wrong?
  • Notify the reporting agency
    • Copies (not originals) supporting documentation
    • Clearly identify errors
    • State facts request deletion or correction of incorrect information
what if it s wrong1
What if it’s Wrong?
  • Notify the business or creditor
    • Send same information sent to the creditor that provided information to the Credit Bureau
  • Agency must reinvestigate
  • Incorrect information will be deleted or corrected
take it to the bank
Take it to the Bank
  • Opening an account
    • Which bank
    • What type of account
    • Provide personal information
      • 2 forms of ID
      • Cash for deposit
    • Benefits of your account
watch yo money
Watch Yo’ Money
  • Deposit slips
  • Checks
  • Check register
financial survivor

Financial Survivor

Can your team outwit, outplay and outlast your opponents to be the ultimate Survivor?

meet the tribes

Meet the Tribes

MoolaBread

C-noteScrila

Benjis Grip

immunity

Immunity

Use your immunity idol to pass on a question or challenge. You must surrender the idol once it is used.

challenges

Challenges

Each time you get a question right, you get a challenge and a chance at bonus points.

the final challenge

The Final Challenge

The secret final challenge will be revealed at the end of the game for additional points.

Good Luck Survivors!

question one

Question One

How long can negative financial information stay on your credit report?

Answer

answer one

Answer One

Seven (7) years!

Challenge

Question

challenge one

Challenge One

Name the three credit bureaus.

NEXT QUESTION

question two

Question Two

Name three items that are taken out of your paycheck, before you get it.

Answer

answer two

Challenge

Question

Answer Two

Federal/state income tax, Social Security, Medicare contributions

challenge two

Challenge Two

How much Federal income tax was deducted during this pay period?

NEXT QUESTION

question three

Question Three

Name two things you must have to open a bank account?

Answer

answer three

Answer Three

Identification and money to deposit

Challenge

Question

challenge three

Challenge Three

On April 24, 2012 you purchased a new outfit from Macy’s with a check.

Pants $22.99

Shirt $17.99

Shoes $35.99

Subtotal = $76.97

Tax = $3.46

Fill out the check for your purchase.

NEXT QUESTION

question four

Question Four

If you do this when you write a check, you will always know your account balance.

Answer

answer four

Answer Four

Use your check register.

Challenge

Question

challenge four

Challenge Four

Reconcile

the Account!

NEXT QUESTION

question five

Question Five

Your bank statement will show

Current amount in account

Amount in account at time statement was printed

Up to date list of withdrawals and deposits

All of the above

Answer

answer five

Answer Five

b. Amount in account at time statement was printed

Challenge

Question

challenge five

Challenge Five

Name three Kanye West songs.

NEXT QUESTION

question six

Question Six

When you receive goods and services now, and pay for them later, you’re using:

Answer

answer six

Answer Six

Credit

Challenge

Question

challenge six

Challenge Six

You received five birthday cards with the following enclosures!

$75 in cash

$50 check #123

$35 check #526

$25 in cash

$25 check #725

Deposit half into your checking account and get half back in cash.

Fill out the deposit slip.

NEXT QUESTION

question seven

Question Seven

What is stored in the magnetic strip on the back of your credit/debit card?

Answer

answer seven

Answer Seven

Your account number

Challenge

Question

challenge seven

Challenge Seven

Name three things you should not use when choosing a PIN number.

NEXT QUESTION

question eight

Question Eight

To correct a debit or ATM transaction error you must notify your financial institution within:

Answer

answer eight

Answer Eight

60 days

Challenge

Question

challenge eight

Challenge Eight

Name 3 services available through online banking.

NEXT QUESTION

question nine

Question Nine

When deciding to purchase an item, the best thing to ask yourself is?

Answer

answer nine

Answer Nine

Do I need this?

Challenge

Question

challenge nine

Challenge Nine

Name three Avengers (from the movie).

NEXT QUESTION

question ten

Question Ten

How often can you request to see your credit report for free?

Answer

answer ten

Answer Ten

Once a year.

Challenge

Question

challenge ten

Challenge Ten

Name the four coaches from The Voice.

NEXT QUESTION

question eleven

Question Eleven

What is it called when you spend more money than what is in your account?

Answer

answer eleven

Answer Eleven

An overdraft.

Challenge

Question

challenge eleven

Challenge Eleven

Justin just found a job with take-home pay of $2200 per month. His expenses are:

Rent: $800; Groceries: $200; Transportation: $200; Clothing: $100; Restaurants: : $150; Miscellaneous: $250

How long will it take him to save $1000?

NEXT QUESTION

question twelve

Question Twelve

What is the maximum amount you can be forced to pay if someone steals your credit card?

Answer

answer twelve

Answer Twelve

According to Federal Law up to $50 as long as you notified issuer as soon as you noticed care was missing.

Challenge

Final Challenge

challenge twelve

Challenge Twelve

Name four potential sources of income.

Final Challenge

final challenge

Final Challenge

Fill out the given checks, deposit slips, and register to balance your checkbook!

congratulations

Congratulations!

You have survived!

slide62

SurvivorCreated by Lora O’Neill and Bridget S. 2/6/2006email: themathelk@hotmail.comAdapted from Template TCEA 2002Music from freeplaymusic.comwww.be-a-gameshow-host.wikispaces.com