Personal Finance - CH08: OQs

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

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.

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

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