Money..

RAINBOW OF EDUCATION

PowerPoint Presentations
 Money = (banknotes + coins)

1. Banknotes

2. Coins
 Many European countries have the
Euro:

Symbol of the Euro

Euro coins Euro banknotes

 The United States of America have
the American Dollar:

Symbol of the American dollar

American dollar American dollar

coin banknote
 Japan has the Yen:

Symbol of the Japanese Yen

Japanese Yen
Japanese Yen
banknote
coin
 England has the English
Pound:

Symbol of the English Pound

English Pound
English Pound
coin banknote
China has the Chinese
Yuan:

Symbol of the Chinese Yuan

Chinese
Yuan Chinese Yuan
coin
banknote
 Russia has the
Ruble:

Symbol of the Russian Ruble

Russian Ruble
coin
Russian Ruble
banknote
 Where do you put your money?

Purse
fo r
ladies

Wallet
for men
To exchange money 
Exchange money
Piggy bank
 When you need money, where do you
go?

When I need money, I go to the bank.

The bank is a solid (strong) building.

The bank has a safe.
The bank often has a security guard.
At the bank work honest people who can be
trusted.
Saving account
 Deposit

Deposit:
When you put (bring) cash money
into your bank account.
Withdrawa
l

Withdrawal:
take money from your bank
account
 Interes
t
When you bring money to the bank,
your money is safe and
the bank pays you interest.
Then you have extra profit from your money.
Why are good money skills
important?

 
Create independence
from financiers.
Set and reach goals such
as buying
a tablet computer.

Enjoy living responsibly.

Prepare for your future.

In this lesson we focus on..

saving
debit accounts
and
credit
cards
understanding
credit
budgeting
your money.

online
banking.
 1. Online banking

Do financial actions on a secure website

of your bank.
When you have an internet account, you have a digital
book.
Online Banking A n d i t ’s
free !
No
paperwork, Easy access,
no stamps not going to
and no the bank.
envelopes.

Convenient, See your

accessible 24/7. account
Computers balances, pay
don’t sleep. bills from any
Transaction computer
speed. anytime.
 Helps you
live with the
money you
have…

Gives you Budget

peace
of mind.
Worry is a
waste of your
energy.

You can
compare your
spending with
your saving
easily.
 R u le s fo r go od
b u d g et in g .
Compare Have a time
Stick to the
income with Make your frame;
agreements that
expenses. Be budget look
you made with mostly one
specific realistic.
yourself month.
(exactly).

When there
are new
Think about
changes and Find ways to
how much
Set money new decrease
money you
aside to meet situations in spending and
have to
your goals. your life you increase
spend in the
have to income.
future.
change your
budget.
Income Projected Actual Difference Monthly budget summary Projected Actual Difference
Salary Thb Thb Thb Total income Thb Thb Thb
Interest income Thb Thb Thb Total expenses Thb Thb Thb
Gifts received Thb Thb Thb Net Thb Thb Thb
Transfer from savings Thb Thb Thb
Dividends Thb Thb Thb Savings Projected Actual Difference
Other Thb Thb Thb Savings account Thb Thb Thb
Other Thb Thb Thb Emergency fund Thb Thb Thb
Total Income Thb Thb Thb Retirement savings Thb Thb Thb
Home expenses Projected Actual Difference School savings Thb Thb Thb
Mortgage/Rent Thb Thb Thb Other Thb Thb Thb
Electricity Thb Thb Thb Other Thb Thb Thb
Gas/Oil Thb Thb Thb Total savings Thb Thb Thb
Water/Sewer/Trash Thb Thb Thb
Phone Thb Thb Thb Obligations Projected Actual Difference
Cable TV/Satellite Thb Thb Thb Student loan Thb Thb Thb
Internet Thb Thb Thb Other loan Thb Thb Thb
Furnishing Thb Thb Thb Credit Card #1 Thb Thb Thb
Home supplies Thb Thb Thb Credit Card #2 Thb Thb Thb
Maintenance Thb Thb Thb Other Thb Thb Thb
Improvements Thb Thb Thb Other Thb Thb Thb
Other Thb Thb Thb Total obligations Thb Thb Thb
Total Expenses Thb Thb Thb
Daily living Projected Actual Difference
Groceries Thb Thb Thb
Personal supplies Thb Thb Thb
Clothing Thb Thb Thb
Cleaning services Thb Thb Thb
Dry cleaning Thb Thb Thb
Salon/Barber Thb Thb Thb
Other Thb Thb Thb
Total Daily living Thb Thb Thb
Find ways to decrease your spending.

Carrying little cash and

controlling your credit
card use.
Not shopping for fun.
Remembering your savings
goals.
Buying only what you
need.
Paying your bills on time
to avoid extra fees and
charges.
 Has many advances but can also be very risky..!

Credit
Credit is the ability to receive goods or services before paying for them and is
based on the promise to pay later.

What is credit?
Each time a person uses credit, he or she is borrowing money.
Using credit can have many advances (good things) but it can also be very
risky.

Credit can be: 1. A credit card 2. A loan.

 The profit of credit

If used
properly
it can Useful Useful in You can
help No need when an make big
making a for cash. there are emergenc purchase
good sales. y. s.
credit
score.
 But don’
t
forget..

• You pay interest

and you can
make a poor
You could credit score
borrow (history).
more than
you can
afford to
pay back. May reduce
your ability
• May include to make
additional fees • Can promote future
and can lead to impulse buying purchases.
overspending and interest
easily rates may go
 Credit Score.

 Age.
 Profession.

 Income.
 Payment of previous credits.
 Purpose of credit.
Employers
may check
your score.

Everything
Creditors
you do with
extend
your credit
credit to
account
credit worth
customers.
affects your
credit score.
Your
credit
Banks reward
good
score..
customers
with lower
interest rates.
Debit cards
 A debit card is a card that is just like
money.
• When the card is used, money is
automatically withdrawn from your
bank account.
• You don’t pay fees for using your
debit card.

It looks like a credit card but says

‘debit’ instead of ‘credit’.

Debit card • Unlike a credit card, you can only

charge up to the amount you have
in your account.
Credit cards...!?

Great !

No thanks !
 Disadvantages
of credit cards
Spend more money with credit cards.

When you don’t pay off you pay

interest.

ATM withdrawal carries fees and

immediate interest charges.

Many credit card companies charge

annual fees (whether you use the
card or not).
 Cash advances:
Cash withdrawal
ATM machine.
Purchase:
When you buy Penalty fees late
something with payment.
your credit card
Credit limit: 20.000,-- Baht. Balance per 1.1.2012 0,00
Balance per 1.2.2012 7.770,--

1.1.2012 Payment annual cred. card fees: Balance 1.200,-- baht

THB 1.200,- Balance 3.100,-- baht
3-1-2012 fuel station THB 1900,--

9-1-2012 Central: clothing THB 2.100,-- Balance 5.200,-- baht

14-1-2012 Hotel Holiday Inn Bangkok THB Balance 11.300,-- baht

6.100,--

17-1-2012 Cash Deposit Chiang Mai THB Balance 14.300,-- baht

3.000,--

17-1-2012 Cash deposit fee: THB 220,-- Balance 14.520,-- baht

Payment interest and fees January 2012: THB Balance 15.770,--baht

1.250,-- Balance 7.770,-- baht
31-1-2012 Payment from your bank account

y
12417592 Kasikorn bank: THB 8.000,--
!
da
Pay Balance per 1.2.2012 7770,-- Baht
An easy way to save money is with a bank saving
account.
It’s safe and the bank pays you money, also know as
‘interest’

Saving account
 Some different kinds of saving accounts

• You need to give notice to the bank

Notice saving account
whenever you want to withdraw money
from a notice saving account.

Online saving account; also • An Online saving account gives often

called E-account. more interest because it is cheap to
administer for the bank. (no paperwork,
no envelopes, no post stamps).

Foreign currency saving • Is ideal to save money in a foreign

account. currency; especially when you are
working abroad.
• You can only withdraw money in
foreign currency.

• An account which children under a

Children’s saving account
certain age can open but their parents
need to allow them to withdraw money
from such an account.
 • Insert card.

A.T.M. • Enter your

machine pin code.
•
• Choose
• ‘withdrawal
’
•
• Enter
amount.

• Take your
money.