Resources
Resources
Kids' Corner
You are never too young to learn about the importance of money and savings. Read this page for information and tips for earning and saving money as a kid!
Anyone who has a checking account at their bank can also use checks to pay for things. Checks are legal documents that work like cash by giving the bank permission to take money from your account to pay someone else. If you receive a check for work that you’ve done or as a gift, you’ll want to know how to read it.
A. The name and address of the person using the check to pay for something
B. The check number which helps you and your bank keep track of checks you’ve written
C. The date that the check was written
D. The person or company who is being paid
E. The amount of the payment in numbers
F. The amount of the payment in words with a fraction representing the amount of cents
G. A note to clarify what the payment is for. This is optional.
H. The signature of the person writing the check
I. The routing number which identifies the bank where the account is located
J. The bank account number of the person writing the check
Your Weekly Budget
Description
Allowance
Candy Bar
Movie Ticket
Income (+)
$10.00
Expenses (-)
$2.00
$5.00
$ Available Money
$10.00
$8.00
$3.00
People have to make choices about how to spend the money they earn. They have to decide whether they need something, or just want it.
A budget is a plan for how you will spend your money based on your income and expenses. It is important to keep track of your budget so that after you buy the things you need, you can see how much money you have left to spend on things you want. Here is an example of a weekly budget to the left.
Download and print your own budget here!
In order to have enough money for your wants and needs, it is important to get in the habit of saving. As you get older, you may have a goal to buy a car, go to college, or buy a house. These things cost a lot of money and will require you to save for a long time. Having a budget can also help you see how much of your income you need to save in order to reach your goals.
Tips for saving money
Source: Hands On Banking, Teacher’s Guide, Wells Fargo Bank, 2003, 2012
How to protect yourself and your savings