Budget
What is a budget?
Monthly plan of how you are going to spend your money
What is a checking account?
An account at a bank against which checks can be drawn by the account depositor. (an account that under your name that you can withdraw or deposit money from)
How do you write $50.60 as it would appear on a check?
Fifty and 60/100
What is a bank statement?
Printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account.
List three expenses on the budget
Any items that students see on the budget
Any items that the student cannot live without (essential items)
What is a savings account?
an account that earns interest
How would you write $32.45 on a check?
Thirty Two and 45/100
What is on your paycheck stub?
A pay stub will include general information such as details about the company and employee, including names, addresses, social security numbers, and more.
15th of the month
List two wants
Any items that are not essential
What is a checking ledger?
A record of your checking transactions that are listed in your checking account
If you saw a a dress for $50.00 and the price tag said 10% off, how much is the discount?
$50.00 X .10=$5.00
What is a bank routing number?
nine-digit code that is based on the U.S. bank location where your account was opened.
What items do you budget for under the SSI portion of the budget?
laundry and room and board
How much do you budget for personal needs?
$25.00 a month
Who do you bank with?
This is dependent upon the student
If You saw a sweater that costs $60.00, and the price tag said 20% off, what is the discount?
$60.00 X .20=$12.00
What is your account number?
Second set of numbers printed on the bottom of your checks to the right of the bank routing number.
How do you write one thousand one hundred and fifteen in numbers?
$1,115.00
How much do you budget for laundry per month?
$50.00
What are savings used for?
Emergencies, and Transition expenses (Furniture, rent, security deposit, and bills)
If you saw a sweater that costs $60.00, and the price tag said 20% off, what is the discount and new sale price?
Step 1: $60.00 X.20=$12.00
Step 2: $60.00-$12.00=$48.00
What does TAT stand for?
Taft Area Transit
Round this number to the nearest dollar $62.32
$62.00