Resources aligned with the “Saving” standard from the National Standards in K-12 Personal Finance Education.
Saving means setting aside part of your income for emergencies and future purchases. Money you’ll need soon usually sits in low-risk, insured bank accounts, where interest helps your savings grow faster through compounding.
Part 1: What is ACH Transfer, How Do ACH Payments Work, Different Types of ACH Transfers, Cost of ACH Payments Part 2: Advantages of ACH Transfers, Disadvantages of ACH Payments, Alternatives to ACH Transfers Introduction to ACH Transfer for Kids and Teens This video explains the concept of ACH transfer in a simple, concise …
Infographic: Online Bank or Internet Based Bank Quiz: Bank Accounts You use a bank account all the time, but do you know how it really works? Take this short quiz to find out how well you understand the basics of banking. We’ve talked about banks, but I heard about something called an online bank. Is …
What is a safe deposit box? A safe deposit box is a container, normally a metal box, that you rent from a bank or a credit union to store important documents and valuables. It is kept in the bank’s vault, and is also known as safety deposit box. Why is a safe deposit box needed? …
Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. We have talked about checks before. But I’ve heard about something called check clearing. What is check clearing? Check clearing is the process through which money moves from one account to another …
Part 1: What is Wire Transfer, How it Works, Types of Wire Transfers, Their Cost Part 2: Pros & Cons of Wire Transfers, Alternatives to Wire Transfers Introduction to Wire Transfers for Kids and Teens This video explains the concept of a wire transfer in a simple, concise way for kids and beginners. It could …
Introduction to Retirement Planning for Kids and Teens This video explains the concept of saving for retirement in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about retirement planning, or used as a money & personal finance resource by parents and teachers as part of …
Infographic: Banks vs Credit Unions Comparison Quiz: Bank Accounts You use a bank account all the time, but do you know how it really works? Take this short quiz to find out how well you understand the basics of banking. In the past, we have talked about banks and credit unions. But they sound very …
We’ve talked about banks. But I recently read about an investment bank. But What is an investment bank anyway? An investment bank is a specialized type of bank that performs large and complex financial transactions, usually for other companies or governments. What does an investment bank do? An investment bank helps companies raise money by …
Quiz: Everyday Risk Protection Protecting your money is not only about insurance. Test your grasp of identity theft, FDIC insurance, and financial safety nets. I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits …
Quiz: How Money Moves Behind every payment is a system moving your money. Test what you know about checks, ACH, and wire transfers. What is Direct Deposit? How is it different from a regular deposit or a check? Direct deposit is the deposit of money, directly from the bank account of the payer into the …
