P2P Principals Meeting December 10, 2008 Enjoy some breakfast and networking! We’ll begin at 9:00.
Good Day This is your 30-Second $ Asset Development $ Training ENJOY Click here to begin.
-
Upload
rhiannon-garnto -
Category
Documents
-
view
214 -
download
1
Transcript of Good Day This is your 30-Second $ Asset Development $ Training ENJOY Click here to begin.
Good DayGood DayThis is your 30-Second $ Asset Development
$ Training
ENJOYENJOY Click here to begin
What is a Savings Account?
A bank account that accumulates interest.
A hole in your mattress where you stash your cash.
An account you regularly deposit &withdraw money from to pay bills.
A coffee can in the ground where you putall of your money.
A hole in the mattress is a step inthe right direction because it meansthat you are saving, but you shoulddeposit your money in an account at abank or credit union where it can earnmoney for you.
Please Try Again…
Close, but not quite…
While you are able to withdraw money from asavings account to purchase items and coverexpenses, it is better to use a checking
accountfor regular transactions such as paying bills andcovering day to day expenses.
Try Again
A coffee can in theground doesn’t helpyou earn interest and worse yet, themoney could be stolen if anyone sees youhide it in the ground!
CORRECT!!! A savings account is when you keep your money in a bank or credit union
and earn interest. Interest is the money the bank pays you for keeping your money there. A savings account is a safe, convenient and affordable way to save your money. The federal government also insures your money. No matter what, you can't lose your money when it's in the bank. A general rule about a savings account is Time = Money. The longer you can leave the money in, the more interest it will earn. To learn more about savings accounts, visit:
http://www.practicalmoneyskills.com/personalfinance/savingspending/saving/howitworks.php
30-Second DPN Trainings are a National Disability Program Navigator collaborative effort