

saving and investing
Presentation
•
Professional Development
•
University
•
Practice Problem
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Easy
camila bejarano
Used 117+ times
FREE Resource
11 Slides • 6 Questions
1
What to do?
2
Open Ended
What's the difference between a savings account and a checking account?
3
4
5
6
Open Ended
How much interest rate do you think banks pay a year in a savings account?
7
IT DEPENDS!!
8
9
10
Poll
So far, do you think it's wort to put your money in a savings account with the interest rates banks currently offer?
Yes
No
Unsure
11
“Here’s an example of how compounding works: If I give you a penny every day and promise to double it, at the end of a month you would have (drumroll) over $10 million.”
12
Multiple Select
What is a general rule of thumb on how much you should save?
5% of your income
10% of your income
20% of your income
30% of your income
13
DO have savings automatically deducted from your paycheck
DON'T tap into your savings on a regular basis to purchase small items, like snacks
DON'T spend money on all expenses 1st and then put the rest into saving
DON'T keep your spending and saving money together in 1 account
14
15
Multiple Select
About how much should you save in an emergency fund?
1-3 months of living expenses
3-6 months of living expenses
6-9 months of living expenses
9-12 months of living expenses
16
I'll come back and keep working on savings
17
Poll
Joey, you could use this question if you want!
Jhon graduated college and has $5,000 in his checking accounts. What would you recommend him doing?
A) Keep his money in his checking account
B) Move his money to a savings account
C) Invest his money
What to do?
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