From piggy bank to savings account
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 16 August 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
In this episode, host Yanely Espinal talks banking with money educator Sahirenys Ortega Pierce. They go over key differences between types of banks, what factors to consider when choosing the right account for you, and what you need to open your first account.
Think you’re financially inclined? Dig deeper into the world of banking:
- Learn more about banking 101 from Investopedia
- Familiarize yourself with the ins and outs of checking accounts from NerdWallet
- Refresh your memory on the components of a check with Stony Brook University
Are you in an educational setting? Here’s a handy listening guide.
This podcast is presented in partnership with Greenlight: the money app for teens — with investing. For a limited time, our listeners can earn $10 when they sign up today for a Greenlight account.
Transcript
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| 0:00.0 | Hey Parents and Teens, Financially Enclined is presented in partnership with Green Light, |
| 0:04.6 | the debit card and Money App for Teens. We are kicking off the third season discussing what you need to know about banking |
| 0:10.9 | and how different accounts can help you manage your money. |
| 0:13.4 | As your teen learns the ropes of money management, |
| 0:16.4 | Greenlight has everything they need to learn how to earn, save, spend wisely, |
| 0:21.2 | and invest. |
| 0:22.4 | Get $10 when you sign up for green light today at |
| 0:25.0 | greenlight.com slash inclined. That's greenlight dot com slash I nc. |
| 0:30.0 | I n c l i n e d I N E D. E D. What's up everybody? I'm Darnellie Espinal and welcome to Financially |
| 0:56.2 | inclined from Marketplace. We're sharing money lessons for living life your own way. |
| 1:00.6 | Now this episode is all about banking. Keeping your money in a bank |
| 1:05.2 | account is the best way to make sure it's safe and secure, period. And it can even |
| 1:11.5 | allow you to grow your money by earning interest on your deposits. |
| 1:15.0 | Cairney Sortega Pierce is the creator of the High-Five Banking Method, and she's joining me to break down what you need to know. |
| 1:22.0 | She's known as a money educator and she spent |
| 1:25.4 | years working in the banking industry so she knows all the pro tips about how to |
| 1:29.9 | manage your money better. You can find her on social media at poise finance lifestyle |
| 1:34.9 | or on her website and blog the poise lifestyle. |
| 1:38.3 | All right, let's get into it. |
| 1:42.2 | So, Citeenese, you've worked with so many different customers who come to you and clients looking |
| 1:47.9 | to make decisions about what kind of accounts to establish. |
| 1:50.3 | And I feel like when you're little, you know, you always just have cash in like a piggy bank or you have like a shoebox with some cash in it. |
... |
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