4. A Check gives you proof you paid someone. It’s a bad idea to send cash in the mail – you have no proof Many banks will charge you to cash a check if you don’t have an account with them Some banks charge fees for checking, look for banks that don’t

6. A check is a promise to pay  Jaycee writes a check to pay Jacob what she owes him for fixing her car.  Jacob, takes the check to his bank, and they give him money. (Good Money Bank)  Good Money Bank sends the check to First Kids bank (Jaycee’s bank) and asks for to be paid back.  Kid’s bank takes the money out of Jaycee’s account and sends it to Jacob’s bank.

8. How to write a check Jaycee Kircher 1101 Arkansaw, WI 547 20 Pay to the order of $ DOLLARS K ids Bank $$$ MEMO 091808347 545 529 1101 April 25 201 3 Jacob Gullickson 20 00 Twenty and 00/100 ----------------------------------- Car repairs Jaycee Kircher

9. NumberDateTransactionWithdrawal Deposit $ 100.00 1101 4/26/13 Jacob Gullickson 2000

10. NumberDateTransactionWithdrawal Deposit $ 100.00 11014/25/13 Jacob Gullickson 2000 80.00 car repairs

11. NumberDateTransactionWithdrawal Deposit $ 100.00 11014/25/13 Jacob Gullickson 2000 80.00 car repairs 4/27/13 Paycheck 50000

12. NumberDateTransactionWithdrawal Deposit $ 100.00 11014/25/13 Jacob Gullickson 2000 80.00 car repairs 4/27/13 Paycheck 50000 580.00

13. NumberDateTransactionWithdrawal Deposit $ 100.00 11014/1/13 Jacob Gullickson 2000 80.00 car repairs 4/27/13 Paycheck 50000 580.00 Bank4/28/13 Ford Motor Credit 20000 car loan

14. NumberDateTransactionWithdrawal Deposit $ 100.00 11014/26/13 Jacob Gullickson 2000 80.00 car repairs 4/27/13 Paycheck 50000 580.00 Bank4/28/13 Ford Motor Credit 20000 380.00 car loan 11024/28/13 EconoFoods 8000 300.00 groceries CkCd4/29/13 Carmike Cinemas 5000 250.00 movies

15. What is a Debit Card?

16. What else is a Debit Card? It can also be known as an ATM card ATM stands for Automatic Teller Machine (like visiting the bank, but instead of a person (teller) there is a machine working for you. At an ATM you can get cash from your checking account – it is subtracted just like a check. Sometimes if you use an ATM that doesn’t belong to your bank – the other bank will charge you a fee to use the machine.

17. NumberDateTransactionWithdrawal Deposit $ 100.00 11014/26/13 Jacob Gullickson 2000 80.00 car repairs 4/27/13 Paycheck 50000 580.00 Bank4/28/13 Ford Motor Credit 20000 380.00 car loan 11024/28/13 EconoFoods 8000 300.00 groceries CkCd4/29/13 Carmike Cinemas 5000 250.00 movies 11034/30/13 Xcel Energy 10000 150.00 electric bill

18. Kids Bank $$$ Durand, WI 54736 Jaycee Kircher Arkansaw, WI 54721 Account # 1234 Previous Balance $ 100.00 1 Deposit/Credit 500.00 4 Checks/Debits 350.00 Ending Balance $ 250.00 Deposits & Additions 4/27 Regular Deposit 500.00 Checks & Withdrawals 4/28 Ford Motor Credit 200.00 4/29 Carmike Cinemas 50.00 Checks in Serial Order # 4/27 1101 20.00 4/30 1102 80.00

19. Balance per bank Statement $ minus outstanding checks #$______ #_____$______ #_____$______ total $______- plus outstanding deposits DateAmount ______ total$+ balance on check register $ 250.00 1103 100.00 100.00 150.00

20. Like What???? Setting Aside money for future Occurrences What is Savings?

21. Something you WANTThings you don’t Expect

23.  Extra jobs  Gifts  A plan to save  A Budget

25.  You put $100 in a savings account, the bank pays you interest for every day they hold your money.  They pay interest of 3.65%  Then the bank loans, that $100 to a different customer at a higher rate. $100.003.65%1¢/day$3.65/year $100.0010.95%3¢/day$10.95/year $10.95- $3.65 = $7.30 the money the bank makes

26. $20,0003.65%$ 730.00 /year $20,00010.95%$ 2,190.00 /year