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Saving your money is important. But sometimes you need
to access some of your money quickly – like Jeannie
does for last-minute climbing adventures, Fred’s
piano lessons, and sales at Sneaker Town. Fortunately,
banks can help you manage your spending as well as your
saving.
If you put money into a checking
account, it may not earn any interest. But, it’ll
be easier for you to spend it without having to carry
a lot of cash all the time. That’s because you
can use checks
or debit
cards instead of cash to pay for items or pay your
bills.
Checks are special notes from the bank that have your
name and address on them, and that represent your money.
When you use a check, you write the amount of money
you need and the name of the person or company you’re
paying, and then you sign your name at the bottom. The
amount of the check is taken out of your account.
Checks are great for paying specific businesses or
companies, but they’re not your only option. When
Jeannie needs actual cash, she turns to debit
cards. Let’s check out Debit Den to see how
these cards work.
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