Financial Tools and Technology

SELECT FINANCIAL TOOLS AND TECHNOLOGY

TO HANDLE YOUR PERSONAL BUSINESS

2©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

No Cash This TimeHow can you pay for these purchases without using

cash?• babysitting• soda from a vending machine• a used book from Amazon.com• lunch at school• new shoes from a retail store• movie tickets• used car• cell phone bill• an overdrawn bank account

3©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

Preview

Today we will answer these questions:

• How can I make payments if I don’t have a checking account?

• How do the online tools and mobile gadgets work for banking and shopping?

• With so many options, which tools and gadgets should I use?

Use what you learn today to select banking and shopping tools that fit your personal style.

4©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

Other Ways to Pay

• Money Order

• Cashier Check

• Certified Check

• Wire Transfer

Need to

confirm that a

payment was

made?

5©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

Find the Right Match

6©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

There’s an App for That

7©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

Challenge

Selecting My Services

Use the DECIDE steps to pick financial tools and technology that seem most useful as you handle your banking and shopping transactions.

Describe the skills and behaviors you need to apply as you use the tools to manage your money effectively.

8©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology

Reflection

How can financial tools or apps help you

better track and save my money?

9©2014 National Endowment for Financial Education | Lesson 5-2: Financial Tools and Technology