FINANCIAL FITNESS FOR KIDS

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FINANCIAL FITNESS FOR KIDS!
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TODAYS AGENDA

• Goal Setting
• The Bathtub Analogy
• Banking Relationships
• Getting Ready for Credit
• Activity

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SO YOU WANT TO BUY A CAR
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WHICH CHARACTER ARE YOU?

• Long Lost Aunt/Uncle
• Lend 50
• Write Check
• Co-Business Owners
• Visit the Bank
• Build a Budget
• Advertise
• Sell to Clients

• Charity
• Recruit Donors
• Customers
• Pay Cash
• Pay Check
• Pay Credit
• Bank Officer
• Cash Checks
• Open an Account

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A BUDGET AND A BATHTUB

• INCOME
• The water filling up the tub

• WEALTH
• Amount of water in the Bathtub
• Symbol of the amount of wealth/money available
  for future
• Goal keep enough water in the tub

• EXPENSES
• The water draining out of the tub

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• Follow an easy-to-use, budgeting worksheet.
• Keeps track of

• Earnings

• Spending

• Savings

• Sharing

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BASICS OF BANKING

• Checking Account VS. Savings Account

• Central hub for transactions
• Cash/Payments go out through ATM, checks or
  Debits
• Earnings come in through Personal Deposit or
  Direct Deposit

• Safe place to hold cash for a long period of time
• Earns interest
• Helps plan for future purchases

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HOW DO I WRITE A CHECK?
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HOW DO I MANAGE MY BANKING ?
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TO YOUR CREDIT

• 3 Cs of Credit
• Capital
• Character
• Capacity

• Credit Responsibility
• Beware of Borrowing
• Credit Terms
• Payment Schedule

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LETS START A BUSINESS!
ACTIVITY

• Step 1 Your Goal
• Buy a car when you get your drivers license.
• Step 2 Action
• Start a pet-sitting business in your neighborhood
• Step 3 Process
• Spend, save share