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Creative Living Pg. 311: Write The Answers On The Back of The Worksheet On The Middle Table Get A Pair of Scissors

The document provides instructions for writing checks correctly and maintaining a check register. It explains the key information to include on a check such as the payee, date, written and numeric amounts. Tips are given to avoid mistakes like using ink and not postdating. The importance of recording checks in a register after writing them is emphasized for accurate accounting. Additional payment methods like debit cards, online bill pay and direct deposit are outlined as alternatives to paper checks. Risks of bounced checks are also detailed.

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Rodj Eli Mikael Viernes-Incognito
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78 views28 pages

Creative Living Pg. 311: Write The Answers On The Back of The Worksheet On The Middle Table Get A Pair of Scissors

The document provides instructions for writing checks correctly and maintaining a check register. It explains the key information to include on a check such as the payee, date, written and numeric amounts. Tips are given to avoid mistakes like using ink and not postdating. The importance of recording checks in a register after writing them is emphasized for accurate accounting. Additional payment methods like debit cards, online bill pay and direct deposit are outlined as alternatives to paper checks. Risks of bounced checks are also detailed.

Uploaded by

Rodj Eli Mikael Viernes-Incognito
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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CREATIVE LIVING PG.

311

Write the answers on the back of


the worksheet on the middle table
Get a pair of scissors
MAKING PAYMENTS:

*WRITING A CHECK
*USING A DEBIT CARD
*BALANCING A CHECK REGISTER
The Checkbook

Contains:
• Checks
• Deposit slips
WRITING CHECKS
WHEN WRITING A CHECK:

Your telling your financial institution to take a


certain amount of money out of your account.
You should be careful to write checks correctly to
avoid costly and embarrassing mistakes.
A blank check has a space for quite a bit of
information. When you write a check, you will want
to fill in each of the spaces correctly.
TIPS FOR WRITING A CHECK:

Always use ink.


Date the check the day it is written, even if
it’s Sunday or a holiday.
Do not postdate a check, financial
institutions will not cash a check before the
date that is written on the check.
Most businesses will not accept a postdated
check as payment.
WHO IS THE CHECK FOR?

In the blank after the


words “Pay to the
order of” write the
name of the payee.
Spell it correctly, and do
not use any
abbreviations that may
cause confusion.

Write a check to the person beside you


HOW MUCH IS THE CHECK FOR?

Record the amount


of money to be paid
clearly in the space
after the dollar sign.
Never leave a space
between the dollar sign
and the numerals (this
may allow someone to
alter the amount).

Write the check in the amount of $1729.32


WRITE AMOUNT IN WORDS…

 On the next line, write out the amount of dollars in words.


 Then write the word “and,” followed by the number of cents
written as a fraction of 100.
 Start with writing at the extreme left of the blank.
 Fill in any leftover space with a line.
WRITE YOURSELF A NOTE…

 Most checks have the word


“for” or “memo” and a
blank in the lower left-hand
corner.
 You do not need to fill in
this blank, but doing so will
help you keep clearer
records.
 When you write a check
for a purchase, make a note
of what you have bought.
SIGN IT!

 Finally, there is a blank for your signature.


 Always use the same signature you filed with
your financial institution.
 Be sure you have written the name of the
payee and the amount to be paid before you
sign the check.
DON’T FORGET…
 Immediately after writing a check, make a note of it in your
check stub or in your register.
 Write the check number, the date, the payee, and the
amount in your register.
 This is necessary for complete and accurate records.
 never cross out or change a check once it has been
written
 If you make a mistake, print VOID across the incorrect
check and write a new check
Electronic Banking

• ATM transactions

• Debit card
transactions

• Electronic bill pay


Debit Card

A debit card lets you:


• Deposit and withdraw money
• Make purchases at retail
locations
Be careful!
• The money is immediately
taken out of your account
Electronic Bill Pay

• Automatically pays
your bills from your
account
– No postage
– No late payments

• Also pay bills online


Add Money to Your Checking
Account

• Cash or check
deposit using the
teller service

• ATM deposit

• Deposit by mail

• Direct deposit
Sign the Back
of the Check
Deposit Slip- label the parts

3/22/20XX

Deposit your paycheck for 789.52


You want $100 in cash
Add this transaction to your register
ATM Deposits

• Like an ATM
withdrawal

• Use the special


deposit envelope

• Take the receipt


Direct Deposit

• Directly into your checking


account

• Your money is available


immediately
“Bad” or NSF Check

• A check you write when there isn’t


enough money in your checking
account to cover it
• Also called a “bounced check”
• Bad check fees
• Negative activity reported
• Bank closes your account
• Civil and/or criminal prosecution
• Merchants may not accept your
checks
• Your credit may be impacted
Write these on the back of your
worksheet
WRITE THE CHECKS AND
FILL IN YOUR CHECK REGISTER

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