Money can be used in several ways: saved, spent fully, or spent partially. The first thing one should do after receiving allowance or income is prepare a budget. Savings involve keeping money safely in a bank with interest, while investments carry risk but may yield higher returns. Common bank accounts include savings accounts, current accounts, fixed deposits, and recurring deposits, which can be managed online for convenience. ATM/debit cards allow access to bank accounts while credit cards offer a grace period before interest is charged.

4. WHAT ISMONEY?

6. If you get money today:
You can do alot of things
with it
 either saveit.
 Spend all of it.
 Spend apart of it.
 or invest it.

7. ?Do you say for themoney your parentsgive.
 Allowance
Or
 Income

8. Thefirst thing that oneshould do after
he/shereceivesan allowanceor pocket
money or incomeisprepareaBUDGET

9. ?Isthefirst thing you should do each timeyou prepare
abudget or receiveyour allowance.

10. Save

16. What elsecan you do with your pocket
money/allowance
 Spend all of it.
 Spend apart of it.
 or saveit.

17. Saving & Investing
Saving
Investing

18. On thefaceof it saving and investing or
making investmentsarethesamething.
They areboth thingsthat wedo with our spare
money.

19. Investmentsaremoney or other
assetspurchased with thehopethat it
will generateincome, or appreciate
in thefuture.

20. Savingsaremoney kept over aperiod of
time, usually in abank or even in an old
jam jar without therisk of lossor making
profit.
When you savemoney your capital is
secure. You areguaranteed to get back the
sum you put in, plusinterest.

21. When you invest you haveno such
guarantee. Your money/capital isat
risk.
In return for therisk you takeyou
expect to get moreback than ?you put
in.

22. In general terms, investment meanstheuse
money in thehopeof making moremoney.
In relation to saving it isthedeposit madein a bank,
Or post office
In hopesgetting afuture return or interest from it.

24. Savings -account
Therearetwo basic kindsof interest:
»simpleinterest
»compound interest

25. Simpleinterest
Simpleinterest istheinterest that isfigured
only onceon theprincipal.
Example: If you loaned Rs300 to afriend for
onemonth and charged her 1% interest .Then
at theend of themonth you would receive
303.

26. Savings -accountCompound interest isalittledifferent.
With compound interest, themoney you earn in
interest becomespart of theprincipal, and also
startsto earn interest.

27. Compound interest iswhen your interest earns
additional interest;
simpleinterest iswhen only theoriginal principle
earnsinterest.

31. Savings -accountSavingsaccount
An savingsaccount used to deposit money in the
bank.
bank havecertain rulesfor theminimum balance
which hasto beheld in theaccount.
Thisaccount givesinterest for themoney held in the
account.
Money can beadded or withdrawn at any timefrom
thisaccount.

32. Savings -account• Remember that if you add money to your account,
your balancemight grow alot more.
• And, if you withdraw or takemoney out, it might
grow much less.
• When you add or takeaway from your account,
you'rechanging theamount you can earn aswell.
• And when you'rebuilding amoney TV of savings,
every rupeecounts.

33. Pass-Book
when weopen asavingsaccount with any bank
wearegiven apassbook.

34. Thepassbook containsthenameof theperson in
whosenametheaccount isopened.
Each person isgiven aseparatesavingsaccount
number.

35. thepassbook givesyou detailsof deposits& date
of deposit, withdrawal… which aremadeby the
person.

37. Current Account
Current Account
Thesearebasically meant for businessman, firmsand
companies.
It doesnot giveinterest for themoney held in the
account.

38. Internet BankingFixed Deposits
A fixed deposit ismeant for thoseinvestorswho want
to deposit alump sum of money for afixed period.
 say for aminimum period of 15 daysto fiveyears
and above.
Investor getsalump sum (principal + interest) at the
maturity of thedeposit.
Fixed depositsalso giveahigher rateof interest than
asavingsbank account.

39. Internet BankingRecurring Deposit
Theminimum amount of Recurring Deposit varies
from bank to bank but usually it beginsfrom Rs
100/-.
aspecific sum of money isdeposited on amonthly
basisfor aspecific period of 6 monthsto 10 years.
At theend, you will get theprincipal sum aswell as
theinterest earned during that period.

41. Internet BankingINTERNET BANKING
Oneof themain reasonsthat peopleuseInternet
banking over regular banking isbecauseof the
convenience.
Everybody wantsmethodsthat aregoing to savethem
timeand makedaily taskseasier on them, and that is
exactly what Internet banking does.
allowscustomersto conduct financial transactionson
asecurewebsite

42. ATM CUM DEBIT CARD

43. ATM /Debt cards and Credit cards.Thesearebasically issued by banksto personswho
havean account with them.
An ATM card givesyou accessto your bank savings
and current account 24 hoursaday, 7 daysof the
week.
Therearetwo typesof cardsthey arethe
Debit and credit cards.

44. ATM /Debt cards and Credit cards.credit cards
A plastic card with magnetic strip on onesidewhich
isused to swipe.
It isused to buy goodsand services.
Thebank issuing thecredit card paysthebill first
then collectsthemoney from theholder of thecard.
Credit card offersa25 day graceperiod during which
no interest ischarged.

45. ATM /Debt cards and Credit cards.Debit cards
A plastic card with magnetic strip on oneside
which isused to swipe.
It isused to buy goodsand services.
Thebank issuing thedebit card paysthebill
first then collectsthemoney from theholders
account immediately.

48. TheReservebank of Indiawasset up
on April 1, 1935 in Kolkata.
Thefirst governor of RBI wasSir OsborneSmith.
TheFirst Indian Governor of RBI was
Sir.C.D.Deshmukh(1943-1949)

49. 500 RUPEE NOTE

50.  You know thereareidentification marksin aIndian
rupeenotethat will help blind peoplein identifying
thenotes.
 It isusually represented by araised black circleOR
triangle
Haveweever looked closely at acurrency note
or acoin?

51. Haveyou heard of theword Security Thread in anote?
It isasecurity featurein notesto protect against
FORGERY/MAKING OF FAKE NOTES
It consist of aribbon which isthreaded through the
paper .
Theribbon isusually madeup of metal foil or plastic
and usually hassometext or numbersengraved on it.

54. Bartering worked for many yearsuntil it wasno longer
convenient to trade.
After bartering, metal becamethemost popular form of
money in most of Europeand Asia.
Peopleused gold, silver, and copper asmoney becausethey
werepretty and hard to get.

55. Theproblem with themetal wasthat it wastoo heavy.
Peoplehated carrying it around.

59. Kidsnext timeyou look at money remember that
it hasavery interesting history behind it.