Budget
What is a budget?
Your maximum limit to spend.
An account where your money is taken from
A need is....
Something you can't live without
Whats a debit card
Something that directly takes money out
$25
What pay you should you use to create your budget?
Net
What do you need to open a checking account?
A form of ID and proof of address
A want is...
Give an example
Is something to make you happy
A gift card is?
Usually to a given store like target with money on it
Net pay is.....
What is an example of something that is in a budget? Think monthly payment.
Cell phone bill
car payment
A checking account statement is...
lists all the purchases and deposits you did in a month
Why is it important to decide if something is a NEED or a WANT
When you create a budget you need to make sure all your needs are met first then you can buy something you want
What is an example of a Peer 2 Peer?
Gross pay is....
After deductions
Creating a budget can make you feel powerful why?
Puts you in control of your spending and saving
Which would reduce the amount of money in your checking account?
Deposit a check
Use your debit card for money ATM
Buy a bike using cash
Using your moms cash from her wallet
Using card at ATM
He uses it on bus to do homework
Calls his friends all night
Watch videos on bus
He uses it for homework
A prepaid card is? Where can I get one
What are TWO things your deductions from pay check go to?
Millitary
Retierment
The two main parts of a budget are
The money coming IN and the money going OUT
Going to bank
Mobile deposit
To determine something is a need or a want I should think...
Will something bad happen if I do not have this
How do you use a mobile wallet? What is an example?
Hold it to reader
What is the 50/30/20
30 Want
20 Save