Want or Need
Banking
Vocabulary
Math
100
is a healthy balanced meal a want or a need
need
100
True or false: you can open a bank account without proper ID
False
100
Money that is received through paycheck or other means
Income
100
You received $100 for your birthday and used it to buy a game that was 47.30. How much do you have left over?
$52.70
200
give me 3 examples of a want
various
200
What are the two bank accounts you should have as an adult?
Checking and Savings
200
___________is something that you spend money on
Expense
200
When saving money, you had a choice to save ____% or ____%
10% or 15%
300
give me 5 examples of needs
healthy food, shelter, medicine, water, clothing, love and human connection, fresh air, shoes, proper hygiene, etc...
300
what are the two most common bank accounts used for?
Checking - everyday expenses
Savings - putting money away for bigger purchases or emergencies
300
A budget is...
A budget is a plan for your money
300
To calculate Sales Tax, we multiplied the cost of the item by _____
1.1
400
What question should you ask yourself if you're struggling to know if something is a want or a need?
does this keep my body safe and healthy?
400
Once you have calculated how much you have received and spent, the amount you are left with is called your ________
Balance
400
a piece of paper that is given to an employee with each paycheck and that shows the amount of money that the employee earned and the amount that was removed for taxes, insurance costs, etc.
Pay Stub
400
you have $465 in your bank account
you buy the following items at target
toothpaste $4.65
shampoo $11.25
soap $8.80
how much money do you have left over?
$440.30
500
give me two examples of grey area items and tell me why they are grey area items
Various
500
What is the most a person have in an ABLE account without it affecting their SSI/SSDI?
$100,000
500
The amount of salary or wages earned by an employee, before any deductions or contributions (like income tax) are subtracted from the total earnings.
Gross pay/Gross income
500
Complete the following table you have: 2 minutes
Savings $180
housing $360
utilites $120
food $180
medical $120
other $240