BANKING BASICS

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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 . . .

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“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

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BASICSB

AC

K T

O

DEBIT

CREDIT

OVERDRAFT

INTEREST

RATE

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LEDGER BALANCE

AND AVAILABLE

BALANCE

AUTOMATIC

DRAFT

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trackyour spending

incomeknow your

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expensesknow your

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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?

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grow

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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

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Ways to Save But I don’t have extra money to save. . .

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What can you do

this week to save?

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feelthe power

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HARNESSING THE POWER

CREDIT

EMERGENCIES

CONVENIENCELARGE PURCHASES

RESPONSIBILITY

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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

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SAMPLE CREDIT SCORE

knowhow its done

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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.

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PHISHING

COMMON FORMS OF IDENTITY

THEFT

VISHING SMISHING PHARMING SKIMMING

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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.

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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

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