Facts
An account is a safe place to keep your money at the bank.
The bank is the safest place to keep your money.
A check is a form that is good for money in your checking account. Checks are used to make purchases.
When money is added to an account it is called a deposit.
An expense is the cost for something to buy. Things you spend your money on are expenses.
It is important to keep a close eye on your money and purchases to avoid fraud or phony deals.
Setting a savings goal will help you earn money for things you’d like to buy.
The bank can help you buy a home with a loan.
Money you earn is called income.
A job is a way to earn money. Washing the car, raking leaves, and walking the dog are all great first jobs.
Knowing how your bank operates gives you an advantage.
When you need extra money for a big purchase- like a house- the bank will loan you money that is repaid at a later date.
Money exists in all countries as different currencies.
It is important to understand the difference between needs and wants. If you buy only things you need, you’ll have more money for things you want!
When you spend more money than your account has, it is called an overdraft. You can be penalized for an overdraft.
Save your money for great purchases!
The quarter is the twenty-five cent piece in the US currency system.
When you begin to earn money it is important to be responsible with it.
Savings accounts are a holding place for money until you have enough for your goal.
Tellers are people who work at the bank. They can help you deposit or withdrawal money into your account.
Understanding these terms will help make your trip to the bank easier.
The vault is a secured room where a lot of the bank’s money is kept.
When money is subtracted from an account it is called a withdrawal.
Watching your money grow in a bank account can be exciting!
Learn to be smart with your money.
Saving your money is very important. If you don’t save your money, you will have zero dollars!