Financial Tools SELECT FINANCIAL TOOLS AND TECHNOLOGY TO HANDLE YOUR PERSONAL BUSINESS 1©2012 National Endowment for Financial Education | Lesson 5-2:

©2012 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

2

Financial Tools

SELECT FINANCIAL TOOLS AND TECHNOLOGY

TO HANDLE YOUR PERSONAL BUSINESS


3

No Cash This TimeHow can you pay for these purchases without

using cash?• babysitting• soda from a vending machine• a used book from Amazon.com• lunch at school• new shoes from a retail store• movie tickets• used car• cell phone bill• an overdrawn bank account


4

PreviewToday we will answer these questions:

• How can I make payments if I don’t have a checking account?

• How do the online tools and mobile gadgets work for banking and shopping?

• With so many options, which tools and gadgets shouldI use?

Use what you learn today to select banking and shopping tools that fit your personal style.


5

Other Ways to Pay

• Money Order• Cashier Check• Certified Check• Wire Transfer

Need to

confirm that a

payment will

be received by

the payee?


6

Find the Right Match

Online banking

Direct deposit

Automatic transfers

Online bill pay

Person-to-person

payment

Payroll card

Payment portal


7

There’s an App for that

Mint

GasBuddy

MvelopesMoney Pass

Personal Assistant


8

Challenge 5-C

Selecting My Services

Use the DECIDE steps to pick financial tools and technology that seem most useful as you handle your banking and shopping transactions.

Describe the skills and behaviors you need to apply as you use the tools to manage your money effectively.


9

Reflection

How can financial tool or apps help you

better track and save my money?

Documents

Financial Tools SELECT FINANCIAL TOOLS AND TECHNOLOGY TO HANDLE YOUR PERSONAL BUSINESS 1©2012 National Endowment for Financial Education | Lesson 5-2: