Key Terms
The term used for being paid every other week.
What is biweekly?
The definition of a budget.
What is a plan for your money?
You should pay this off in full every month.
What is your credit card statement?
The amount you are paid after deductions are taken off.
What is net income?
Expenses that are the same every month.
What is fixed expenses?
You can end up paying the bank more than an item was originally worth by...
How "year to date" appears on a pay stub/pay cheque.
What is YTD?
Expenses that change depending on the month, time of year, and what is going on in your life.
What is variable expenses?
A credit card is different than a debit card because...
What is you are spending your own money with a debit card, you are borrowing the bank's money with a credit card
CPP is the abbreviation that appears on the pay cheque. It stands for...
What is Canada Pension Program?
The percentages of earning that should go toward savings, needs, and wants as stated by the 50-30-20 rule.
What is 50% to needs, 30% to wants, and 20% to savings?
3 tips you would give someone looking for their first credit card.
Answers will vary.