TheMIGHTY
MutualsClub
Come join us
on our
Savings Journey
Together!
Mighty Mutual Account
Welcome to
The Mutual
The Mighty Mutual account is a fun and interactive way to help children
aged 12 years and under learn about the importance of saving.
The account is free from transaction and monthly account keeping
fees and also rewards children with bonus interest for making
regular deposits.
Mighty Mutual Account Features
u
u
u
Passbook account with fun design
No monthly account keeping fees or transaction fees
Bonus interest for regular saving
Learn to Save
Name..........................................................................................
Class............................................................................................
School........................................................................................
Year...............................................................................................
www.the
mutua
l.com.au
The Mutual has created an incentive program to encourage children
to set savings goals and learn how to reach them. You don’t have
to be at school to participate in saving, simply save within the dates
of the school terms and you too can play along. Each term children
have the opportunity to earn stickers when a deposit of $1 or more
is made at a Mutual Branch or by Bank@school® (maximum one
sticker per week).
Simply place your sticker on Priscilla and Patrick’s farmyard
trail on page 10.
The incentive program will run for each of the four school terms in
2014. After eight deposits within the period of a term you can claim
a prize. You can earn 4 prizes a year.
Terms and Conditions apply. Eligible entrants must have a Mighty Mutual account during the period of
the competition and are aged 12 years and under at 30 December 2014. Participants can only obtain
one Mighty Mutual Club booklet. Minimum deposit is $1.00 and you are entitiled to a maximum of
one sticker per week. Once 8 or more stickers have been collected in one term on Priscilla and Patrick’s
Farmyard Trail a prize is eligible to be claimed at any branch of The Mutual. Terms and conditions are
available at www.themutual.com.au and from all branches of The Mutual. LTPM/1301158 Maitland
Mutual Building Society Ltd ABN 94 087 651 983 Australian credit licence 238139 AFSL 238139.
Bring your Mighty Mutual Booklet into any branch to
claim your prize.
For information on how to become a member of
The Mutual go to page 17.
1
Can you
find these
words?
The list of
words to
find
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2
are:
Goals
Savings
Transaction
Visa Debit
Branches
ATM
Loan
Finance
Cash
Mighty Mutual
Statement
Interest
The Mutual
Budgeting
Internet
Banking
Members
Passbook
Balance
Account
School
Total
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Term1
What is
a bank?
What is
a bank
account?
A bank is a place that
looks after people’s
money for them and
keeps it safe.
A bank account is the
record your bank keeps
to know how much
money you have given
them to mind. It has
your name on it so the
bank knows it is your
money.
The Mutual’s Bank@school® program
The Mutual provides a school banking program.
Bank@school® is very popular and is a great introduction to help
encourage and educate children about the importance of saving.
Students are invited to open a Mighty Mutual Account and receive
their own fun passbook to keep track of their savings.
A representative from The Mutual will visit participating schools each
week of the school term (excluding the first week of the school year).
Passbooks are collected from a locked deposit box and are taken for
processing and returned to the school for distribution to the students.
Bank@school® terms
u Term 3
Term 1
28 January - 11 April 15 July - 19 September
u
u Term 4
Term 2
29 April - 27 June 7 October - 17 December
u
3
Can you
match the
money?
Join the amount
of money to the
correct pictures.
Banking
Words
These are words you
may have heard but
did not know the
meaning of:
ATM
5c
10c
20c
50c
1.00
$
2
$
.00
5.00
$
10.00
$
20.00
$
50.00
$
100.00
$
4
ATM stands for Automatic
Teller Machine. This is where
you can withdraw your money
without having to go into a
bank. To get money from an
ATM machine an ATM card is
needed.
Deposit
A deposit is when you put
money into your bank account.
The money stays in your
account at the bank until you
need it.
Interest
Interest is money the bank pays
you for letting them look after
your money. It’s like a reward
for not spending your money.
The more money you put in
the bank and the longer you
leave it there, the more interest
you’ll get.
Withdrawal
A withdrawal is when you
take money out of your bank
account to spend. You can
leave the rest of your money in
your account until you would
like to buy something else.
Statement
A statement is a record of
everything that you have done
on your bank account. If
money goes into your account
or you spend money from
your bank account it will show
on your bank statement. The
interest that you have received
from your bank will also be
displayed. A balance is shown
on your statement. This is how
much money you have in your
account.
5
Jumbled
Words
I have
done the
first one
for you!
Term 2
Can you match
the jumbled words
to the correctly
spelt words.
Savings
Goals
It’s never to early to start Saving!
Mutual
We all need to save to get things that we want or need.
nymoe
Patrick
vingsas
savings
It doesn’t matter how much you save as long as you get
into the habit of saving.
pdeosti
money
rbancesh
6
drwitwlaha
branches
treinets
account
tasmetnte
statement
etdugb
withdrawal
tcounca
Priscilla
aliriPlcs
deposit
kritcaP
budget
utlaMu
interest
What are some of the items that you would
like to save for?
7
Reaching my
Savings Goal
Reach your savings goal faster.
Doing extra jobs around the home
means extra savings!
How long will it
take for me to
save to reach my
savings goal?
To reach your savings goal faster you could try to earn exra money.
I am saving for.........................................................................................................................................................................
Talk to Mum or Dad about what you can do around the home to
help you earn extra money.
How much will it cost?.................................................................................................................................................
Some ideas to help you reach your savings goal
If I save the same amount each week, how
many weeks will it take me to reach my goal?.........................................................................
You can work this out by calculating:
$300.00
÷
? weeks = ?
This will tell you how much you will have to save each week.
If you need help to work out how much you need to save, see if
Mum or Dad can help. You can also get Mum or Dad to help you
visit our website www.themutual.com.au and take a look at our
Savings Plan Calculator.
8
u
Keep your room clean and tidy
u
Feed the cat
u
Take out the rubbish
u
Make your bed
u
Walk the dog
u
Wash the car
u
Do the dishes
Do you have any other ideas?..........................................................................................................................
.......................................................................................................................................................................................................................
.......................................................................................................................................................................................................................
9
Let’s keep a record of our savings
Once you have collected 8 or more stickers in each term
you can claim your prize from any branch of The Mutual.
Make one deposit per week for 8 weeks or more into your
Mighty Mutual account and save to win a prize each term.
Term1
3
2
4
Term 3
5
1
START
6
4
3
5
7
8
8
8
Claim a
prize!
1
2
3
4
5
7
Term 4
6
2
Claim a
prize!
1
3
FINISH
4
5
10
6
Claim a
prize!
7
Term 2
1
2
You can earn
4 prizes a year!
6
7
8
Claim a
prize!
11
Term 3
Needs vs Wants
Do you know
what a Want
or a Need is?
Spot the
Find as many
differences in these
two pictures as
you can!
difference!
1 JAN
A need is something that you have to have.
PLE
ASE
IFY
NOT
CHA
Can you tick the things that you think are Needs and put a cross
on the things that you think are Wants.
MEM
BER
SHI
P No.
A want is something you would like to have.
ww
w.
th
em
ut
ua
l.c
om
.a
u
WELCOME TO
THE MUTUAL
com.au
www.themutual.
ASE
IFY
NOT
SHI
P No.
PLE
MEM
BER
CHA
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w.
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em
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12
u
13
Term 4
Your budget
What is a
Budget?
Do you think that you can make a budget for yourself?
You can create your own budget and update it as
you save and spend throughout the year.
A Budget is a plan to help you keep track of how much you earn and how
much you spend. It can also help you reach your savings goal sooner by
setting limits on the amount of money you can spend over a period of time.
Priscilla’s Budget
Description
Money
coming in
Credit (+)
Money
going out
Debit (-)
TERM 1
Account Balance
Washed car
Cleaned fish tank
Raked lawn
Hung out washing
Bought ice cream at school
$75.00
TERM 1
Account Balance
$6.00
$97.50
Money
going out
Debit (-)
Balance
Account Balance
TERM 2
Account Balance
TERM 3
$4.00
$1.50
$20.00
Account Balance
TERM 4
Water the garden
Washed Dad’s motorbike
Unpacked dishwasher
Bought a book
Money
coming in
Credit (+)
$2.00
$2.00
$3.00
$2.00
Account Balance
TERM 3
Weeded the garden
Swept the driveway
Birthday money
Description
$2.50
$94.50
Fed the cat
Cleaned room
Dusted for Mum
Walked the dog
Bought a birthday card for Pop
14
My Budget
$10.00
$5.00
$5.00
$2.00
Account Balance
TERM 2
Account Balance
Balance
$123.00
Account Balance
TERM 4
$121.30
Account Balance
$2.50
$5.00
$1.00
$10.20
15
Savings Award
Opening a
Mighty Mutual
Account
Congratulations!
To open a Mighty Mutual account for your child simply visit
www.themutual.com.au and click on Looking to Apply.
Or visit one of our branches:
Branch locations,
You have learnt about banking, what a savings goal is
and how to save and earn extra money.
Learning about needs and wants and making our own budget
will help you get the things that you decide to purchase.
Awarded to
.........................................................................................................................................
You Saved
$
.........................................................
Priscilla and Patrick Pig are very proud of your achievements.
u
Dungog
188 Dowling St Dungog NSW 2420
u
East Maitland 110 George St East Maitland NSW 2323
u
Glendale
Shop 40 Stockland Glendale NSW 2285
u
Mayfield
230 Maitland Rd Mayfield NSW 2304
u
Maitland
417 High St Maitland NSW 2320
u
Raymond Terrace
24 William St Raymond Terrace NSW 2324
u
Rutherford
Shop 1 Rutherford Marketplace Rutherford NSW 2320
Please see below the schools that are part of our Bank@school® program
If your child attends one of the schools listed below simply visit the website address
listed and open your child’s Mighty Mutual account online.
u
Ashtonfield Public School
www.themutual.com.au/aps
u
Bolwarrra Public School
www.themutual.com.au/bps
u
Dungog Public School
www.themutual.com.au/dps
u
East Maitland Public School
www.themutual.com.au/emps
u
Hunter Valley Grammar School www.themutual.com.au/hvgs
u
Jesmond Public School
www.themutual.com.au/jps
u
Maitland Public School
www.themutual.com.au/mps
u
Mayfield East Public School
www.themutual.com.au/meps
u
Mount Kanwary Public School
www.themutual.com.au/mkps
u
Raymond Terrace Public School www.themutual.com.au/rtps
u
Rutherford Public School
www.themutual.com.au/rps
u
Telarah Public School
www.themutual.com.au/tps
For more information call our Member Service Department on 1300 688 825.
17
T 1300 688 825
F 02 4933 8996
[email protected]
Wthemutual.com.au
facebook.com/themutualau
twitter.com/themutualau
PO Box 50, Maitland NSW 2320
DX 21630, Maitland NSW
417 High St, Maitland NSW 2320
Maitland Mutual Building Society Limited ABN 94 087 651 983
Australian credit licence 238139 AFSL 238139.
01/14