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
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?