Hey! Now, let’s go back and look at the accounts your character opened earlier in Section 4.2.

Your task is to answer a few questions based on those accounts. First, for both the Checking and Savings accounts:

• What is the minimum balance needed to open or keep in each account?
• What are the fees associated with each account? (For example, what happens if your account goes below $0? Are there charges for paper statements or monthly management fees?)

Next, think about alerts you could set:

• For the Checking account, such as “If my balance falls below $20”
• For the Savings account, like “When it hits $1,000”

Finally, consider what automation you could establish:

• For example, automatic transfers from checking to savings, or setting up automatic deposits each month.

This exercise will help you understand how to manage and keep track of your accounts to stay on top of your money. Take your time and answer each question carefully based on the accounts your character has. Ready? Let’s see what you’ve learned about managing accounts!