Thursday, May 1, 2014

My First Experience With a Check

On Thursday, Mrs. Weser walked us through a lesson about how to write a check to pay a bill. I actually knew how to write a check before Thursday's lesson. When I was 7 or 8 my mom would take me with her to run errands. Most of the time we went to the bank first. My mom either had to deposit her pay check or would use a check to withdraw money from her account. At that age though, all I knew was if Mom had her checkbook, it meant the lady at the bank was going to give me a lollipop. However, on one of our trips to the bank I asked my mom how one piece of paper got her actual money. She showed the check to me and explained what the different parts of it meant. Some details she didn't mention like drawing a line after the amount you're withdrawing or depositing and how you have to write cents out of one hundred. I knew for the most part what was supposed to be filled in. 
I'm glad we're focusing on banking in the personal finance part of our class. I think it's important to know how to have and maintain a bank account and learn how to use it in the best way possible. Learning about the different types of accounts and the ways that interest plays a part is important as well. It's good to learn responsibility with money, so that we don't overspend or overpay. I also think that in today's world it's imperative that we learn about how to protect our money from fraud and theft. To wrap things up, I'm grateful that we're learning about banking and how to manage our money, because I think that will be very beneficial in the future. 

2 comments:

  1. It's very important for us to understand and keep control of our money and banking! If we didn't keep track of our money, I would be broke in no time!!! It's very helpful that this is the first thing that we are learning in Personal Finance. I hope we learn more soon!

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  2. Mrs. Weser's activity make me understand easier also I really enjoied this week

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