Unit Two Saving, Investing and Risk Management. Lesson One: Financial Institutions Objective: Students will be able to identify what a financial institution.

Slides:

Advertisements

Similar presentations

Slide 1 - Electronic Bank Service

Advertisements

Section 5.1: Selecting Financial Services and Institutions

Georgia Studies Unit 9: Personal Finance Lesson 1: Personal Finance

Compound Interest.

Simple Interest Math 8. Simple Interest Can be interest gained (earned) or interest paid Interest paid- costs you money * loans * credit cards Interest.

CREDIT. ADVANTAGES OF CREDIT advantages: o Able to buy needed items now o Don’t have to carry cash o Creates a record of purchases o More convenient than.

Credit You're in Charge What is Credit ??? Credit is an arrangement to Receive cash, goods, or services now and pay for them in the future!

Transparency 6 Click the mouse button or press the Space Bar to display the answers.

Going into Debt. Americans and Credit What is credit? What is credit? Receiving funds directly or indirectly, to buy goods and services w/ promise to.

 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.

All I can do is remind them of the truth of Albert Einstein’s alleged response when he was asked, “What do you, Mr. Einstein, consider to be man’s greatest.

Consumer Math p Definitions  Down payment – part of the price paid at the time of purchase  Financed – borrowed  Mortgage – a property loan.

Financial Literacy Class 2: Net Worth and Banking.

Investing Opportunities Using Investment Opportunities as a Means to Increase Individual Wealth.

Finding Financial Services Review. A financial institution that provides compensation in case of a disaster or accident.

Banking. What does the banker do? Banking Financial Institution permitted to – hold savings deposits – offer loans and mortgages – issue credit rating.

Financial Head Start. Why care? It’s Your MONEY 2.

YOUR FINANCIAL FUTURE REVIEW. CREDIT & DEBT COSTS OF USING CREDIT  Interest can be costly when the balance is revolved  Additional penalty or fees 

Review Lesson One What are 4 examples of financial institutions?

CHAPTER 8: ACCOUNTING DECISION MAKING BY THE NUMBERS.

Oklahoma’s Personal Financial Literacy Passport

Financial Literacy Vocabulary Terms How is money used in society? How do I pay for goods and services? How do I keep track of my saving and spending? 1.

Simple Interest And Methods of Payment. * Whenever money is borrowed, the borrower (an individual, organisation or community) pays the lender (a bank.

The Cost of Credit BBI2O Introduction To Business Unit 3: Finance 3.D Credit.

Schedule  An organized written plan to help reach your goals within a certain period of time.

Loans and Investments Lesson 1.5.

Banking and Credit Cards. Fees ATM Fee- charge for using ATM services from a different bank ATM Fee- charge for using ATM services from a different bank.

 How to Manage Your Cash › Daily Cash Needs  Lunch, movies, gas, or paying for other activities  Carry cash  Go to an ATM  Credit Card  Know pros.

© Take Charge Today – August 2013 – Understanding Credit Cards – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family.

Home buying Case Study By Arthur Espinoza.

Interest (ing) Notes How to Calculate Simple Interest 2/11/10 Pre-Algebra.

Bell Ringer  Write down 3 things you know your parents spend money on each month.

Section 2 17 Chapter Financial Services & Electronic Banking.

A Dealing with Dollar $ workshop Financial Choices and Options.

Building Bucks Basic Financial Services. Financial Institutions 3 Main Types – Banks – Credit Unions – Savings and Loan Associations (S&L) Advantages.

Lesson 8-6 Pages Simple Interest Lesson Check 8-5.

Chapter 21 10/11/ Banking & Credit. Saving Money 10/11/ Ways to save Credit union non-profit financial institution similar to a bank Passbook.

Chapter 4, Section 2. Types of Banks  Commercial Banks  Savings and Loan Associations  Savings Banks  Credit Unions  Finance Companies.

Road to Financial Maturity Saving & Budgeting. Why Money Skills Are Important  Create Independence  Set and reach goals  Enjoy living responsibly within.

Real World Money Education Tarek Dabbagh Steven Carlson

College lesson four about credit.

© Oklahoma State Department of Education, All rights reserved. 1 Standard 3. Finding Financial Services.

Financial Service Providers SELECT YOUR OWN FINANCIAL SERVICE PROVIDER 1 ©2014 National Endowment for Financial Education | Lesson 5-4: Financial Service.

Managing Your Money Chapter 23.

Today’s Schedule – 11/28 PPT: Money Supply & Banking Rdg: Pitfalls of Credit Card Debt Bonus Quiz: Money HW: Read 17.2/17.3 Start Studying for Unit 5 Test.

Personal Finance April 17, Money Management  Everyone must make choices about what to do with their income, including you  Income is money earned.

Teens Credit- Day 3 Independent Living December 2, /09.

Chapter 10SectionMain Menu Money is anything that serves as a medium of exchange, a unit of account, and a store of value. What Is Money?

Pre-test.  A. Your age  B. The length of time you have had the card  C. The amount of money you owe on your credit card  D. The terms and conditions.

Georgia Studies Unit 9: Personal Finance Lesson 1: Personal Finance

Money, Banking, Saving, and Investing Key Terms. bank A business whose main purpose is to receive deposits and make loans.

CHAPTER 12 SAVING AND BORROWING. A. WHY SAVE? 1. Save money for a big purchase 2. Save money for emergencies 3. Save money to give you security 4. Save.

Teens lesson seven credit presentation slides 04/09.

 A holding place for money at a bank.  The amount available to spend in an account.

Complete the True-False Quiz!. To obtain goods or services before payment, based on the trust that payment will be made in the future.

Understanding a Credit Card “Take Charge of Your Finances” Advanced Level.

Money and Banking. Money Uses A medium of exchange – Money is exchanged for goods… rather than a barter economy A store of value – You can hold it and.

BANKING & FINANCE NOTES. THE UNITED STATES BANKING SYSTEM  Banks are businesses too!  Owned and operated like most corporations  Sells services : checking.

Money and Financial Institutions CHAPTER 12 YAYYYY!! NOTES NOTES NOTES!

Spending Plans Advanced Level G1 © Take Charge Today – August 2013 – Spending Plans – Slide 2 Funded by a grant from Take Charge America, Inc.

MONEY AND FINANCIAL INSTITUTIONS

Journal 49 Do you think you are more likely to use a bank or a credit union or both in your future? Why? What is a pro and con of your choice?

17-2 Financial Services and Electronic Banking

Banking Services Banks perform many functions and offer a wide range of services to consumers. Storing Money Banks provide a safe, convenient place for.

Unit One Saving, Investing and Risk Management

Presentation transcript:

Unit Two Saving, Investing and Risk Management

Lesson One: Financial Institutions Objective: Students will be able to identify what a financial institution is and some of the services they provide.

What is a Financial Institution? A financial institution is an organization established to assist people with their financial matters. Examples of Financial Institutions: Credit unions Banks Savings and Loans Investment firms

Who uses a Financial Institution? Nearly everyone who Works buys a car rents an apartment purchases a house buys food and clothing Financial institutions help people with their financial transactions.

Why are Financial Institutions important? They help us save for the future. They hold and transfer money for individuals and businesses. They handle credit and loan transactions. They provide mortgage and consumer loans. Most financial institutions now offer online banking where transactions can be made from an off-site computer.

invest- to commit money to gain a profit or earn interest principal- the amount of money originally invested interest- a fee received or paid for the use of money opportunity cost- the next best thing given up when making a financial choice.

Small Group Activity 1.Each group will be assigned a Know It All Card to read. (Pg ) 2.Read and discuss the card. You may also use the old workbook or the Internet for additional information. 3. Work together to create a 4 slide PowerPoint summarizing the type of savings. (You may add animations and transitions after your content slides are complete.) Don’t forget to increase the font size for easy viewing! Type of Savings What it is 2-3 facts Risk level Bonus points given to those who go above and beyond! 4.Groups will share with class on the big screen. Be prepared for each person to speak on the subject. 5.Students will take notes on each savings type during the presentations.