Cards
Which card starts with C C?
Credit card
name 2 'big ticket' items?
washing machine
car
Name 3 things you need to spend money on when on holiday.
food, souvenirs, accommodation, travel, tickets
Name 2 things in life people generally must save for.
car, house, uni, etc
Name 2 pieces of info you would find on a receipt
name of shop, cost of items, time, total charged, total paid, date.
What big loan is it when you buy a house?
Mortgage
When people say 'its a budget airline' what do they mean?
Its cheaper and a more basic service.
What is the name of an everyday bank account that most people have?
A current account
What is a debit on your bank statement
money that is going out of your account
Name 3 type of card
charge
cash
credit
debit
What is interest?
Money charged for loaning money
What is a budget?
An estimate of how much money coming in and out you will have for a certain time.
what do the letters ISA stand for?
Individual savings account
Can you still use a ten pound if it has a rip in it?
Yes
When should you pay off money from your credit card?
Every month
Why might it be better to but big items using a credit card?
Can claim money back if faulty or a scam
Give one reason why a budget is necessary when planning a day out.
you will overspend
Why do people use ISAs?
Higher rate of interest (bank gives you money).
What word means
A pension
Name 2 disadvantages of a debit card
may have a spending limit
can only spend money you have
no 'perks' or rewards
What does APR stand for (seen in adverts for credit cards).
Annual percentage rate, typically of interest on loans or credit.
2 ways that we can budget, or things we can do to stay within budget
make lists
use direct debits
withdraw cash and use that only
Name a disadvantage of an ISA
May have to wait a long time to be able to get your money out.
What phrase means a number given to a person that indicates to lenders how well they might be able to repay a loan.