1. Banking Basics
where to bank for your personal needs, and how to make
sure you are getting the most out of your money

2. Decide what
kind of spender
you are.
Are you a big spender, a
shopper, a investor, a saver or
a debtor? But no matter what
kind of spender you are it is
important to be responsible
with your money.

3. Look at your Revenues
and Expenses
Compare your expense to how much you make, a good
way to do this is to write down everything you
purchase and to pay with cash, since you are more
likely going to think twice before making a purchase.

4. Why do you need a Bank?
Safety of your money
Able to invest your money
Ability to save money
Able to use credit cards
Ability to write cheques
Ability to have credit ratings
Intrest paid on savings

5. Different types of financial
institutions
chartered banks- great for all around banking, you
can invest or save your money and much more
trust companies- one stop shop and have a high
standard of care
credit unions- lower interests and lower fees because
it is non-profit
investment companies- want to make you happy
because they need your money

6. Things you need to know about
your banking statements
how to see if your total is right
you can see how much you took out or put into your
bank account
make sure the bank did not make a mistake with you
account, it is your responsibility to make sure this does
not happen
it helps you keep a close eye on how much you are
spending

7. Savings Accounts
Savings accounts are important because they can give
you that extra cash you might need in case of an
emergency. The earlier you start saving the more
money you will have in the end. When you put your
money into a savings account, you are lending your
money to the bank , so you are making an interest on
it. Your money will continue to grow without you
putting more money into it.

8. Debit and Credit Cards
make sure you keep track of your spending because it is hard
to keep in ming how much you have spent when you use a
credit or debit card
making transactions in an ATM costs money, so be smart,
make one big transaction instead of a few little ones
make sure you are not paying a huge interest on your credit
cards
make sure you stay up to date on your payments

9. Now you are ready to
go and start managing
your own banking.

10. Now you are ready to
go and start managing
your own banking.