Personal Finance - Chapter 8: Open Questions

Explain the benefts of keeping your money in a bank or credit union, as opposed to an envelope under your bed.

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CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

What is a predatory fnancial service?

How do banks make money?

What are the main diferences between checking and savings accounts?

Describe the process of balancing your account.

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CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Why might you be at a disadvantage if you choose not to keep your money in a bank?

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CCSS.RI.8.1

CCSS.RI.8.8

CCSS.RL.11-12.1

CCSS.RL.8.1

CCSS.RL.9-10.1

Why are tracking your expenses and balancing your checking account important?