1. TL 10.03 – Explore ways to manage money.
CONTENT OUTLINE
Ways to manage money
A. Budgeting
1. Planning
2. Spending
3. Saving

2. Ways to manage money B. Maintaining a checking account
TL – Explore ways to manage money.
CONTENT OUTLINE
Ways to manage money
B. Maintaining a checking account
1. Writing a check
2. Maintaining check register
3. Reconciling bank statement
C. Electronic banking

3. TERMS TO KNOW: EXPENSE: RECONCILING: RECEIPT:
TL – Explore ways to manage money.
TERMS TO KNOW:
EXPENSE:
Anything on which a person spend $
RECONCILING:
To make compatible (your bank records with the bank statement)
RECEIPT:
Written or printed record of purchase

4. TL 10.03 – Explore ways to manage money.
1. Planning
A FINANCIAL BUDGET is a plan for spending and saving money.
Can be developed, monitored, and changed using computer!
Lists income and expenses.

5. Food budget – food purchased at grocery store
TL – Explore ways to manage money.
1. Planning
A realistic budget – average expenses for a few weeks in major expense category
Food budget – food purchased at grocery store

6. 2. Spending Checking Account
TL – Explore ways to manage money.
2. Spending
Checking Account
: Be aware of hidden check charges and fees
: The cost of checks
: The cost per number of checks written each month
: Fees for over draft coverage
: Fees for “bounced” checks

7. 3. Saving Savings Account
TL – Explore ways to manage money.
3. Saving
Savings Account
: Should begin saving money as soon as you get a job
: Be aware of fees charged for savings accounts
: Planning for retirement when first beginning work is a WISE investment
: Amt. Of interest earned primarily depends on principal & interest rate
: DO NOT spend all $ earned each week!

8. Personal checking/debit accounts
TL – Explore ways to manage money.
Personal checking/debit accounts
Writing Checks
Current Date – not future one
Who you are writing the check to
Amt. Of $ in #s
The amount of the check in words; use and to join $ & ¢ as a fraction
Valid only if signed; NEVER sign a blank check
Note what check is for

9. Personal checking/debit accounts
TL – Explore ways to manage money.
Personal checking/debit accounts
Writing Checks
11/
CASH
100.00
One hundred and no/
My Signature
Christmas presents

10. Personal checking/debit accounts
TL – Explore ways to manage money.
Personal checking/debit accounts
Endorsing Checks
Do not write below this line
11/
CASH
One hundred and no/
Christmas presents
My Signature
100.00
Endorsing a check – signing back of check written to you

11. Personal checking/debit accounts
TL – Explore ways to manage money.
Personal checking/debit accounts
Check Register
Record all changes or credits affecting account
Number Date Description of Transaction Payment/Debit Deposit Balance
/04 Piggly Wiggly
102.86
11/10 DEPOSIT
Subtract amount of check from previous balance
Record the #, date & payee of the check in your check register.
Record all deposits as well

12. Personal checking/debit accounts
TL – Explore ways to manage money.
Personal checking/debit accounts
Deposit Slips
Cash Amount
Current Date
Check Amount
Signature only if money received back
Added Amounts
$ back
Deposit Amount

13. Personal checking/debit accounts
TL – Explore ways to manage money.
Personal checking/debit accounts
Reconcile statement
Record all changes or credits affecting account
Number Date Description of Transaction Payment/Debit Deposit Balance
/04 Piggly Wiggly
102.86
11/10 DEPOSIT
Making sure that your statement and the banks information match!

14. Electronic Banking : Debit Cards - used in place of a check
TL – Explore ways to manage money.
Electronic Banking
: Debit Cards - used in place of a check
: ATMs get $ from account when bank is closed

15. Wise credit use… Ask yourself…
TL – Explore ways to manage money.
Wise credit use…
Ask yourself…
: Will I still be using this item when I have finished paying for it?
: Would I still buy this if I had to pay for it with cash?
: Will I have enough money to make the payments for this item?

16. TL 8.03 Practice Managing Money
Write the following money amounts as if writing them on a check.
$ Four Hundred Three and 23/100 dollars
$ Ninety-two and 46/ dollars
$9.89 Nine and 87/ dollars

17. TL 8.03 Practice Managing Money
Write the following money amounts as if writing them on a check.
$ One hundred two and XX/ dollars
$1, One thousand forty-eight and 99/ dollars
$10.50 Ten and 50/ dollars
$ Six hundred sixty and 19/ dollars
$1.00 One and XX/ dollars
$15.66 Fifteen and 66/ dollars
$ Five hundred forty-three and 21/ dollars