BANKING BASICS
3
REGIONS FINANCIAL FUNDAMENTALS
This information is general in nature and is provided for educational
purposes only. Regions makes no representations as to the accuracy,
completeness, timeliness, suitability or validity of any information presented.
Information provided should not be relied on or interpreted as accounting,
financial planning, investment, legal, or tax advice. Regions encourages
you to consult a professional for advice applicable to your specific situation.
All trademarks mentioned are the property of their respective owners, and
all rights are reserved. Your bank and/or Regions may not offer one or more
of the services or products described in this presentation. If your bank
and/or Regions do offer a service or product described in this presentation,
fees or other costs may apply in order to use the service or product.
© 2015 Regions Bank.
Welcome!
40 Minutes
4 R 8/15
Tanisha JohnbaptisteManager
N Miami Beach Branch
Ramon RodriguezManager
Community Affairs
1. How can you manage your money?
2. How can you start to save money?
3. How can you use credit wisely?
4. How can you help avoid identity theft and fraud?
AGENDAToday we will answer these big questions . . .
5
“Take a personal finance class. I left college knowing about how to make money in my field but not what to do with it. I wish I had taken a class covering things like how to budget your income, invest in retirement accounts and pay down loans, plus a basic rundown on how to do a tax return or how a mortgage works.”
Jenny C., University of Missouri
TAKE A CLASS
6
BASICSB
AC
K T
O
DEBIT
CREDIT
OVERDRAFT
INTEREST
RATE
7
LEDGER BALANCE
AND AVAILABLE
BALANCE
AUTOMATIC
DRAFT
9
trackyour spending
incomeknow your
10
expensesknow your
11
12
MY INCOME
Take home pay $ 1,025
Financial aid $ 500
Other $ 0
TOTAL INCOME $ 1,525
PERSONAL SPENDING PLAN
MY FIXED EXPENSES
Housing $ 500
Car payment $ 250
Car insurance $ 50
Other $ 0
TOTAL FIXED EXPENSES $ 800
MY VARIABLE EXPENSES
Savings $ 30
Electricity $ 50
Cell phone $ 75
Transportation/gas $ 150
Car maintenance $ 25
School books/supplies $ 75
Groceries/food $ 200
Charity/donations $ 20
Personal expenses/other $ 100
TOTAL FLEXIBLE EXPENSES $ 725
TOTAL INCOME = $ 1,525
TOTAL EXPENSES = $ 1,525
whysave?
13
14
grow
15
your money
An amount of money banks or other
financial institutions pay you for
keeping money on deposit with them
Interest is: Expressed as a percentage
Calculated based on the amount
of money in your account
16
1717
Ways to Save But I don’t have extra money to save. . .
17
What can you do
this week to save?
18
feelthe power
19
HARNESSING THE POWER
CREDIT
EMERGENCIES
CONVENIENCELARGE PURCHASES
RESPONSIBILITY
20
21
CAPITAL
COLLATERAL
CHARACTER
CAPACITY
CREDIT
THE 4 Cs OF CREDIT
CREDIT SCORE
How much of a credit risk are you?
300 850600Take Action!
Poor
Very
GoodExcellent
OK or
Fair
Good
Bad
From FDIC’s Money Smart program22
What may determine your credit score?
35%
30%15%
10%
10%
Past
Payment History
Outstanding
Debt
Length of
Credit History
New Applications
for Credit
Types of Credit
720
23
SAMPLE CREDIT SCORE
knowhow its done
24
WHAT IS IDENTITY THEFT?It’s defined as the illegal use of someone else's
personal information (such as a Social Security
number) in order to obtain money or credit.
25
PHISHING
COMMON FORMS OF IDENTITY
THEFT
VISHING SMISHING PHARMING SKIMMING
26
27
avoididentity theft
CONGRATULATIONSToday, you will leave with:
A plan for managing your money
Tips to start saving money
Ways to begin to use credit wisely
Ideas for avoiding identity theft and fraud
Thank you.
28
Want to Learn More About How Regions Can Help You
Meet Your Financial Goals?
To make an appointment with Tanisha Johnbaptiste:
Call Tanisha at 305-652-9201
Visit the North Miami Beach Branch, 633 NE 167th Street
29