Final Class post

Final Post

The semester is over and on to my next class for the summer session. This class has been  different than other classes that I have taken at the Master’s degree level. Some of the reading was a bit confusing and as the semester went on they started to make sense and penetrated my thick skull. I have a new outlook on how I view items such as images for example.

I found myself fascinated by Marshall McLuhan and how far ahead of his time his outlook and predictions were.  Even though, we were assigned one video to view his theory.  I found myself on you tube for hours looking for other videos and interviews with him. I found myself entertained by how smart he was and how every single person who conducted an interview with him could not match wits with him. His view on the world was so much different than anyone  during his era and was even more intrigued by his analyzation of the presidential debate in the 1970’s. His lecture on the medium is the message was spot on and make you sit back and think he is correct.

There were two other assignments in the class that I enjoyed and learned a great deal from, and they were the dissection of the alcohol advertisement and the literacy guide module. The literacy guide assignment came at a good time for me because I am currently trying to teach my kids how to save money. If it were up the then, they would spend it all and keep asking for more. I was able to put together a learning guide for kids and how to save money and banking basics. The dissection of the alcohol add was fun. I was able to find a Corona Beer ad to direct. After going completely the parts of the assignment and answering all of the questions it is amazing how many addition pieces are in a beer commercial. For the longest time I thought the commercial was about the beer. I was not correct in my thoughts. The beer is a small part, how it makes you feel, how and where you may want to go. The commercial has you hope you were the one into commercial or at least into a location where the commercial was filmed while cracking open a cold beer on a nice tropical beach.

The media aspect of this learning experience is what intrigued me in this class, and I do find myself paying more attention to the pictures and advertisements.  The reason is that I have learned that they are more than about the image or the product they are selling. I will continue to be fascinated by influential people like Walt Disney, Milton Hershey and now have added Marshall McLuhan to the list of people that keep my coming back for more.

Literacy Guide

A Guide to a Child’s First Bank Account

Why should I teach my children to save?

Why should I open a bank account as a child?

Why use a bank to save money?

Opening a bank account at a young age can help a child learn how to manage money at an early age

Helps keep them from losing their money

Maintains records of deposits and interest earned on the money in the account

Establish credit in later years that can be used to obtain loans

All banks and credit unions are regulated by the FDIC. All savings institutions are required to comply with the laws of the FDIC which are designed to protect the consumer or saver

The FDIC is the Federal Deposit Insurance Corporation Insures your deposits in regulated financial institutions. This means that your  individual savings account is protected by the federal government in the amount

 up to $250,000 such as bank mismanagement and other banking issues

  

Is a savings account for me?

Yes saving accounts are perfect for kids. Why? Savings accounts provide a safe place to set aside money for the future while in most cases paying you interest on the money in your savings account. Banks accounts a designed for making deposits and limiting the withdrawals of money. For accounts where money will be withdrawn often a checking may be a better choice. Also sometimes when you make frequent withdrawals you may be subject to fees.

How do you open a Savings Account?

Fist ask your parents if you can open a bank account.

Once your parents are ready to help you open a bank account for you to start learning how to save they will need to bring you to the back to open the account for you.

This account will need to be a joint account with your parents as the guardian of the account.

They will need to bring with them items such as a form of government issued ID for example a drivers license or pass port

Your Social security number

They will need to bring the money you have been saving in your piggy bank for your initial deposit into your account.

Who manages your account?

Only those who are registered as account owners when the account was opened with the bank. Most likely this will be you and your parents. No one else will be able to withdraw any money from your account. In some cases they will be the only one who can deposit money into the account.

Still not sure if you should open a bank account

Some banks and even credit unions are more inviting than others which means some may be less scary for you to walk into and some may be fun since your there all the time with your parents. You also can ask your parents to introduce you to the people at the bank that the deal with when they deposit money into their savings accounts.

Getting to know your Bank.

Getting to know your bank and creating a relationship with your bank can help with future needs when you grow up such as Car loans, Credit cards, student loans and even a home mortgage,

Most importantly once you choose a bank and open the bank account. Don’t be afraid to call them for any questions or issues. The people at the bank are there to help you start saving for you future and can answer questions or fix any problems

Watch the Video for more info kids

https://www.youtube.com/watch?v=nPvjyC4TSuE

Literacy Guide

Trying to figure out how to attach a word doc to this so I can post the work