Jobs
If you work 2 hours at $10.00 per hour, you will earn…
$20.00
A plan on how you will spend the money you earn.
A) Budget
B) Checking
C) Saving
D) Credit
A) Budget
A a place where you can store cash securely while you earn interest on your money.
A) Checking
B) Saving
B) Saving
A __________ is an example of a need. A ____________ is an example of a want.
Examples of needs: food, shelter, clothing, water, education, transportation.
Examples of wants: Starbucks, jewelry, makeup, movie tickets, Xbox, cable TV, pedicure.
True or False: Can you spend your student loan on entertainment?
False: Student loan is for academic and living expenses only.
If you babysit for 5 hours at $8.00 an hour, how much will you make?
$40
Something you must have to live.
A) Want
B) Budget
C) Need
D) Food
C) Need
an account at a bank against which checks can be drawn by the account depositor.
A) Checking
B) Saving
A) Checking
What are three fun activities you can do in Fresno that are free?
1. Riding a bike with friends
2. homemade sandwiches for a picnic with friends.
3. Hiking
True or False: Using credit card every day is a good idea.
False: No, because you will have to pay the interest. Meaning you spend more money. Also, it can hurt your credit scores because the bank will see you in not good with budgeting.
If you make valentines and sells them for .25 cents a piece and sell 20, how much money will you make?
$5.00
Something you do NOT need to live.
A) Budget
B) Credit
C) Need
D) Want
D) Want
The amount of money put into an account.
A) Withdrawal
B) Saving
C) ATM
D) Deposit
D) Deposit
You want to buy a car but you work only a part-time job. You want a brand-new car, Honda year 2019, that costs about $30,000. It means you will pay about $500 monthly. Your parents suggest you buy a used car, Chevrolet year 2013, and it is in good condition. The monthly payment would be about $200. But you want a brand new car. Is that a want or need?
Want. Remind yourself that a part-time job does not pay well. It is budget-wise to get a used car and lower monthly payments.
True or False: Having a saving account will earn interests on your saving.
True. Most people have a saving account because when they see their saving increase that will motivate them to continue saving.
If you work 10 hours without a lunch break at WalMart for $17.50 per hour, how much will you make? (REMEMBER: Anything over 8 hours without a lunch means $2 more per hour)
$179.50.
(17.50x8) + (19.50x2)= $179.50
Money a person earns for their work.
A) Income
B) Budget
C) Spend
D) Credit
A) Income
A machine the enables bank customers to perform basic transactions, such as deposits and withdrawals, anytime and often anywhere.
A) Deposit
B) Checking
C) ATM
D) Saving
C) ATM
You want ice cream but you need food to buy groceries. What will you do?
1. save a little more money
2. if you have a financial budget, you can take from your saving.
3. shop at the cheap brand store.
True or False: The best way to start the budgeting process is to automatically deposit money into a savings account with each paycheck.
True. If transfer money in your account automatically you never notice its gone.
If you work 20 hours as a part-time job at $7.25 per hour, you will earn…
$145.00
Something you do that changes the balance of your bank account.
A) Checking
B) Saving
C) Transaction
D) Withdrawal
C) Transaction
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
A) Debit card
B) Credit card
B) Credit card
You're a college student who doesn't want to live on campus and you don't want to live with your parents. Which is a better option and why
A). Move into fancy student apartments across the street from local sorority houses
B). Move into cheaper student living apartments with roommates.
B). Better option because you are saving money. Most of your time won't be spent inside. Having roommates can also open you up to new experiences and life lessons.
True. Each person has their own preference.