Title: Describe essential personal financial procedures.
Course: Education for Employment II (Preparation) (22902-36) > Section: Demonstrating Life Skills

Description should include

- banking (e.g., online and in-app transactions, ATM use, in-person transactions, direct deposits, fees, and account requirements)
- budgeting and keeping account balances
- receiving compensation for work (e.g., direct deposit, paychecks, payment debit cards)
- paying bills (e.g., writing checks, electronic payment)
- keeping pay records
- managing credit (e.g., credit apps, reporting services)
- obtaining and paying loans
- establishing utilities
- establishing insurance
- investing and saving.

Process/Skill Questions:

- What are the benefits of creating a personal financial plan?
- What information is needed to prepare a realistic budget?

- What investments are considered low-risk or conservative? High-risk or aggressive?
- What should you consider before applying for a credit card?
- What is the difference between a debit and a credit card? What are the benefits and drawbacks of each?
- What is the difference between investing your money and saving it?