Case study

Twins Laila aru' Lily are excited to be starting collego next year. Laila is leaving horne behind and heading to college in Florida while her sigtor Lily in going to live at home and attend a local university. up until now, they have always use' cash or gift cards received for holidays or birthdays to pay fcx their expenses. Any savings they had was in their piggy banks in their rooms. Now that college is almost here. they realize that cash may be the best option.

1. Why is cash not always a good Option?

2. What should Laila consider when picking a bank? What about Lily? Do they have different needs?