Financial Tools and Technology SELECT FINANCIAL TOOLS AND
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Financial Tools and Technology SELECT FINANCIAL TOOLS AND TECHNOLOGY TO HANDLE YOUR PERSONAL BUSINESS 1 © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
No Cash This Time How can you pay for these purchases without using cash? • • • 2 babysitting soda from a vending machine a used book from Amazon. com lunch at school new shoes from a retail store movie tickets used car cell phone bill an overdrawn bank account © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
Preview Today we will answer these questions: • How can I make payments if I don’t have a checking account? • How do the online tools and mobile gadgets work for banking and shopping? • With so many options, which tools and gadgets should I use? Use what you learn today to select banking and shopping tools that fit your personal style. 3 © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
Other Ways to Pay Need to confirm that a payment was made? 4 • • Money Order Cashier Check Certified Check Wire Transfer © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
Find the Right Match Direct deposit Online banking Person-toperson payment Online bill pay Automatic transfers Payroll card Payment portal 5 © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
There’s an App for that Mint Personal Assistant Money Pass 6 Gas. Buddy Mvelopes © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
Challenge 5 -C Selecting My Services ü Use the DECIDE steps to pick financial tools and technology that seem most useful as you handle your banking and shopping transactions. ü Describe the skills and behaviors you need to apply as you use the tools to manage your money effectively. 7 © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology
Reflection How can financial tools or apps help you better track and save my money? 8 © 2012 National Endowment for Financial Education | Lesson 5 -2: Financial Tools and Technology