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in money management. Here are some basic steps on how to initially evaluate your
student's current level of confidence and competence in the realm of banking and
budgeting.
First, determine what prior experience your student or family member has had
with any banking and budgeting topics. Do they have their own accounts? Do they
have their own money? Have they ever been to a bank? Have they ever
independently made a purchase in a store, over the phone, or online? Once you
obtain a better understanding of the individual's experiences, ask if she can define the
following terms:
• Withdrawal
• Deposit
• Insert
• Transfer
• Debit
• Credit
• PIN (Personal Identification
Number)
• Savings
• Checking
• Amount
• Balance
• Budget
• Balance Inquiry
• Account
• Fee
• Expiration Date
•
CVV (Card verification value,
aka Security Code)
• Receipt
• Available
• Volume
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