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What are money management tools, and how do they work?

Objectives

Students will:

  1. Explain the time value of money.
  2. Identify the role of financial institutions in money management.
  3. Explain how software and apps can be beneficial in managing money online.

Skills Needed

Students must be able to:

  1. Explain possible advantages and disadvantages to online and mobile banking.
  2. State why keeping detailed records of financial transactions is important.