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BUCK, FIRST BUCK ACCOUNT from BUCK Academy

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homeschool review
BUCK, FIRST BUCK ACCOUNT from BUCK Academy

BUCK, FIRST BUCK ACCOUNT from BUCK Academy

a Homeschool Crew Review

Thank you, BUCK Academy, and the Homeschool Review Crew for giving the Foote Family Homeschool the opportunity to do a review on BUCK, FIRST BUCK ACCOUNT.

Buck First Buck Account

Teaching Our Children About Finances

All too often we let our children do whatever they feel like doing with the money they get whether through working or through gifts.

We can give our children an advantage in life by teaching them from a young age how to handle finances.

BUCK Academy’s BUCK, FIRST BUCK ACCOUNT is a fun and educational way to help guide our children in the right direction when it comes to their money.

First Buck Account

You Got Bucks, Now What

Your child has either earned or received some money as a gift and wants to do something with it.

Should he spend it?

Should she save it?

BUCK, FIRST BUCK ACCOUNT wants you to consider teaching your child to be intentional with their money right from the start.

Buck suggests having your child open his or her very first bank account.

First Buck Account

The Logistics of Opening a Bank Account

The first question everyone has is, How exactly do I start a bank account?

BUCK, FIRST BUCK ACCOUNT covers all of the logistics of starting a bank account.

Topics covered included:

  • Legalities of someone who is under age
  • Choosing the right bank
  • Preparing the right documents and information
  • Visiting the bank 
  • Applying for an account
  • Selecting the right kind of account
  • Depositing the first funds in the account
  • Mastering good money habits

Choosing the Right Kind of Bank Account

According to BUCK, the type of bank account you decide to open really depends on the answer to the following question.

Are you a spender or are you a saver?

A spender should open a checking account.

Checking accounts are set up to make spending money quick and easy.

A saver should open a savings account.

Savings accounts are set up to make it more difficult to get your money out. 

First Buck Account

What is a Debit Card/ATM Card?

BUCK teaches exactly what a debit card is and how to use an ATM.

BUCK TIP: Cash is King is a common statement made by wise spenders.

This book also makes sure the student understands the responsibilities and the risks of using debit cards and ATMs.

First Buck Account

Have a Money Plan

As you earn or receive money as a gift, it is highly suggested that you already have a money plan in place.

Following this money plan every time you receive money will help your children, and you, do a great job at handling your finances.

30% spending 60% saving 10% giving

Make a decision to separate your money into certain categories every time.

A good strategy is for children is:

  • 30% spending
  • 60% saving
  • 10% giving

This is just a suggestion though. You can discuss and come up with whatever works for your family.

First Buck Account

One Million Dollars

BUCK teaches how to save and invest $10.00 a day starting at the age 16 in order to earn over one million dollars by the time you turn 64!

It kind of makes you want to stop eating at McDonald’s and start investing that Big Mac money, doesn’t it!

First Buck Account

The End of This Book

The end of this book includes a glossary with vocabulary words and their definitions.

It also has two pages with easy-to-use forms to help you make sure you are choosing the right bank and bank account for you and your needs.

The Foote Family Homeschool

First Buck Account

We are definitely frugal, penny-pinching, saving people in this house.

We thoroughly enjoyed reading BUCK Academy’s BUCK, FIRST BUCK ACCOUNT!

We highly recommend this book.

Read More Homeschool Crew Reviews

You can read more homeschool crew reviews on BUCK Academy’s BUCK, FIRST BUCK ACCOUNT over here.


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