Checking

Savings&

Investment

Accounts

C1

C2

The Center of all Financial Decisions

Check in wherever you are

C3

Good Record Keeping

Good record keeping starts with accurate checks and balances

Balance your checkbook!

When possible, review your accounts daily

C4

C5

The Online Statement

Balance the online statement against the check register

D1

D2

Strategies for Saving Why save

In case of an emergency To take advantage of opportunities To reach financial goals

Pay yourself first Save to reach goals From each paycheck: save first, spend second Deposit change and “found” money monthly = bonus savings

B1

Investment

AccountsMoney for the future!

B2

Things To Consider For Investment Accounts

Time – short-term or long-term

Vacation, College Education, New Car

Income – how much money do you have to save

Income, Debts, Taxes, Emergencies

InvestmentAccounts

B3

Types of Investments

Stocks – easy to access with higher risk of loss (no set time)

CDs – hard to access with low risk of loss (set time for withdrawal)

Bonds – hard to access with low risk of loss (set time for withdrawal)

InvestmentAccounts

InvestmentAccounts

StocksStocks – Share of ownership in an organization

Why Stocks?

Dividend Payments – share of the organization’s profit

Capital Gains – selling the stock at a higher price than the purchase price

Risk – no guarantee of profit

B4

CDs

CD – Certificate of Deposit

Commit funds for a certain length of time

Low risk – the money will be withdrawn with a set amount of interest

Problems:

Inflation – the general rise in prices (the money may not be enough when the time is up

Access – money can’t be withdrawn early without a fee

InvestmentAccounts

B5

Bonds

Bonds – Accounts backed by the US Government

Commit funds for a certain length of time

Low risk – the government backs the funds

Problems:

Inflation – the general rise in prices (the money may not be enough when the time is up)

Access – money can’t be withdrawn early

InvestmentAccounts