Lesson Objectives
- Develop a filing system for keeping financial records, both paper and electronic.
- Describe record keeping features that financial institutions provide for online account management.
- Describe how to use different payment methods and banking features.
Assignment BAU2.4
- Watch Video 2.1
- As you watch the video, record the missing words from page 55 of the textbook as they pop up on the left side of the video screen by filling in this form. (page 55) .
- Discussion Questions:
- Why is it important to maintain an accurate balance of your checking account?
- Should a checking account be used as a saving or spending account?
Assignment BAU2.5
- Make a copy of this Google Document (Espanol), rename it Manage Checkbook-(Your Initials), and move it into your Lesson 2 folder. Using your three checks that you wrote in Day 67 and the information within the document, utilize your textbook to complete this document. Use the information you entered into your document to complete this audit.
- Make a copy of this Google Document (Espanol), rename it to Balance Checkbook-(Your Initials), and move it into your Lesson 2 folder. Utilize your textbook to complete it. Assume you received your bank statement in the mail, and now you need to balance your checkbook.
- Use the bank statement within the document to balance your account.
- Read the statement and make sure all transactions (deposits, withdrawals, transfers, electronic bill payments and checks) are written in your account register. Put a mark next to each one. Add any missing transactions and fix incorrect ones.
- Record any bank fees in the debit column of your account register.
- After you have fixed your account register, use the form in the document to see if your checkbook is balanced. The ending balance should match your account register.