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Savings Tools Take Charge of Your Finances Family Economics & Financial Education
To Develop a Savings Fund: ,[object Object],[object Object],Determine which savings  tools in which to place money 1. 2.
Savings Tools ,[object Object]
Savings Tools ,[object Object]
Low Risk ,[object Object],[object Object]
FDIC The most common type of government insurance is offered by the  Federal Deposit Insurance Corporation (FDIC ) FDIC is a federal government agency insuring certain depository institutions against loss If a depository institution covered by FDIC fails, FDIC will restore the lost funds up to $250,000 per account
[object Object],[object Object],[object Object],[object Object],[object Object],Checking Account
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Checking Account
[object Object],[object Object],[object Object],[object Object],[object Object],Checking Account Before opening a checking account, learn all of the requirements and restrictions.
[object Object],[object Object],[object Object],[object Object],[object Object],Savings Account
Savings Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Savings Account ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],Money Market Deposit Account
Money Market Deposit Account ,[object Object],[object Object],[object Object],[object Object]
Money Market Deposit Account ,[object Object],[object Object],[object Object]
Money Market Deposit Account ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Certificate of Deposit
Certificate of Deposit ,[object Object],[object Object],[object Object]
Certificate of Deposit ,[object Object],[object Object],[object Object]
Savings Bond ,[object Object],[object Object],[object Object]
Savings Bond ,[object Object],[object Object],[object Object],[object Object],[object Object]
Savings Bond ,[object Object],[object Object],[object Object]
Savings Bond ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Liquidity Checking Account Savings Account Money Market Deposit Account Certificate of Deposit Savings Bond Most  Liquid Least  Liquid Lowest Interest Highest Interest
Choosing a  Savings Tool ,[object Object],[object Object]
Choosing a  Savings Tool ,[object Object]
Choosing a  Savings Tool ,[object Object]
Depository Institutions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Depository Institutions ,[object Object],[object Object],[object Object]
Summary
Savings Tools Scenarios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Savings Tools Scenario #1 ,[object Object]
Savings Tools Scenario #2 ,[object Object]
Savings Tools Scenario #3 ,[object Object]
Savings Tools Scenario #4 ,[object Object],[object Object]
Savings Tools Scenario #5 ,[object Object]
Savings Tools Scenario #6 ,[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object]

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Savings tools power_point_presentation_1.14.2.g1

  • 1. Savings Tools Take Charge of Your Finances Family Economics & Financial Education
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  • 6. FDIC The most common type of government insurance is offered by the Federal Deposit Insurance Corporation (FDIC ) FDIC is a federal government agency insuring certain depository institutions against loss If a depository institution covered by FDIC fails, FDIC will restore the lost funds up to $250,000 per account
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  • 24. Liquidity Checking Account Savings Account Money Market Deposit Account Certificate of Deposit Savings Bond Most Liquid Least Liquid Lowest Interest Highest Interest
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