Description: Writing in the “Globe and Mail” this past week, Kira Vermond warns young readers to not jump for a bank account simply because it offers you some upfront cash or some free electronic device. Instead, Vermond argues for students to do a careful search to see which accounts offer the best overall package of features. Other tips include “save, save, save,” and master your credit cards.

Date:  January 25, 2021

Source:  globeandmail.com

 Link: https://www.theglobeandmail.com/investing/personal-finance/young-money/article-teenagers-heres-four-ways-to-make-sure-you-dont-mess-up-your-finances/?utm_medium=email&utm_source=Top%20Business%20Headlines&utm_content=2021-1-26_7&utm_term=Teenagers,%20don%e2%80%99t%20be%20swayed%20by%20bank%20pitches%20of%20cash%20and%20free%20electronics.%20Do%20your%20own%20research%20instead%20&utm_campaign=newsletter&cu_id=hqdudQDKX1hVyFVKvyr3ag%3D%3D

Discussion points:

1) What type of banking arrangement do you have?

2) What is your biggest take-away from this article?

3) In Chapter 7 of Wiley’s Financial Accounting: Tools for Business Decision-Making, we learn about the importance of bank reconciliation. Do you regularly reconcile your personal bank account?