Kiddies BankA  financial  Institutions  good for your children<br />Johanna Louise B. Neri<br />
Savings Account<br />Bank savings accounts shows your child some every important money managements elements. These concept...
Checking accounts<br />Most of us are well aware of the importance of creating budgets and plans for our personal finances...
Mortgages <br />The long-term financing used to purchase property is called a mortgage.<br />The property itself serves as...
Certificates of Deposit<br />A certificate of deposit is a promissory note used by a bank.<br />It is a time deposit that ...
Upcoming SlideShare
Loading in …5
×

Kiddies bank

396 views
361 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
396
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Kiddies bank

  1. 1. Kiddies BankA financial Institutions good for your children<br />Johanna Louise B. Neri<br />
  2. 2. Savings Account<br />Bank savings accounts shows your child some every important money managements elements. These concepts underlie any type of investment decision's she’ll make throughout her life.<br />Two types of bank savings account exist :<br />Statement accounts<br />Passbook accounts<br />Some checking accounts pay interest (these may be called NOW accounts.)<br />However, these accounts aren't designed for savings;<br />They’re used to write check's to pay bills<br />The interest is only an extra feature of the accounts <br />
  3. 3. Checking accounts<br />Most of us are well aware of the importance of creating budgets and plans for our personal finances. <br />However, sometimes we forget that we also need to teach our children about planning and budgeting. <br />More from Investopedia:<br /> Your First Checking Account<br />The Evolution Of Banking <br />
  4. 4. Mortgages <br />The long-term financing used to purchase property is called a mortgage.<br />The property itself serves as collateral for the mortgage until it is paid of.<br />A mortgage usually requires equal payments, consisting of principal and interest, throughout its term.<br />The interest is calculated on the outstanding principal balance that declines as payments are made.<br />
  5. 5. Certificates of Deposit<br />A certificate of deposit is a promissory note used by a bank.<br />It is a time deposit that restrict holders from withdrawing funds on demand.<br />Although it is still possible to withdraw the money, this action will often incur a penalty.<br />

×