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DOW NOW

DOW NOW. Sign-in Say, “Hello” to your teachers Get your notebook and a pencil. Writing Checks. SWBAT write personal check in order to pay a monthly bill. . TODAY , we will learn how to write a personal check. EXIT Ticket will be a check for the payment of a specific bill . WHY.

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DOW NOW

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  1. DOW NOW • Sign-in • Say, “Hello” to your teachers • Get your notebook and a pencil

  2. Writing Checks SWBAT write personal check in order to pay a monthly bill.

  3. TODAY, we will learn how to write a personal check. • EXIT Ticket will be a check for the payment of a specific bill.

  4. WHY • A check is written in order to pay ($) someone a specific amount of money on a certain date.

  5. How this works: • Your paycheck is deposited (cashed) into the bank. • You then use the money to pay your bills. • You pay your bills using a check.

  6. YOU NEED • The monthly budgets you created.

  7. Give me my money! • RENT: Lawson Rentals • CABLE: Vaux Cable Company • CELL PHONE: Cougar Wireless

  8. Lets dissect the check:

  9. Example • Interactive exercise: http://www.moneyinstructor.com/wsp/writecheck.asp

  10. Vocabulary • Payee:  The party that receives the check. • Payor:  The party that writes the check (to the payee). • Bank book:  A booklet that is used to keep a record of all your checking related transactions, including checks written and deposits. • Endorse a Check - Check Endorsement:  When the payee signs their name on the back of a check to cash or deposit the check. • Balance:  The amount of money currently in your checking account. • Non-sufficient Funds:  When you write a check for more money than you have in your account. • Minimum Balance:  The minimum amount of money required in your account.  Having an amount less than the minimum balance may result in extra service charges or reduced privileges. • Service Charge:  An amount the bank charges (fees) for use of the checking account.

  11. Your bank book • Keep record of your money. • Most banks do this for you for FREE! • WHY DO THIS? – so you always know how much is in your account.

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