Income and Banking Services

"The real measure of your wealth is how much you'd be worth if you lost all your money."

-Unknown

 

During the second-to-last unit of this course, we will begin discussing money.  Different types of financial institutions and services will be discussed and compared during this chapter.  Additionally, we will examine the different ways working Americans earn money and how the amount of taxes they pay is determined.  Lastly, we will discuss the importance of beginning to save toward retirement at an early age.

 

By the end of this two-to-three week chapter, you will be able to answer the following essential questions completely and confidently.

 

What are the different options people have to manage their money and how do they differ?

What is the purpose of a checking account?

What is the importance of maintaining your transaction log (check register)?

What is the difference between a commercial bank and a credit union?

What is the purpose of using different forms of payment?

How does your employer determine how much money you receive after taxes?

What are the different types of deductions that come out of your paycheck?

What are common ways to save and invest money?

 

Chapter Power Points and Handouts