Unit 1: Money Master or Money Monster (Form 1)

How many ways to pay for things?

• 3

• 4

• 2

• 5

Select 3 right ways to pay for things.

• Cash

• Online Banking

• Debit & Credit Cards

• Exchanging things

What is Cash?

• Physical money

• A card that takes money directly from bank account

• A paper that shows proof of purchase

• Safe and protected from theft

What is Debit Card?

• Physical money

• A card that takes money directly from bank account

• A paper that shows proof of purchase

• Safe and protected from theft

What is Credit Card?

• Physical money

• A card that takes money directly from bank account

• A paper that shows proof of purchase

• A card that allows you to borrow money from bank

What is Receipt?

• Physical money

• A card that takes money directly from bank account

• A paper that shows proof of purchase

• A card that allows you to borrow money from bank

What is Secure?

• Safe and protected from theft

• A card that takes money directly from bank account

• A paper that shows proof of purchase

• A card that allows you to borrow money from bank

What is Convenient?

• Safe and protected from theft

• A card that takes money directly from bank account

• A paper that shows proof of purchase

• A card that allows you to borrow money from bank

Two benefits of Cash?

• Needs to wait

• No extra fees

• Easy to use

• Can be lost or stolen

Two benefits of Debit Card?

• Keeps records of spending

• Not secure

• Needs a PIN or fingerprint for security

• Has interest charges