Banks
An account that is used for purchases. Could be withdrawals of funds, debit card transactions, or checks.
Checking Account
What is a budget?
A plan to spend your money each month.
What card would you be using if you are borrowing money you do not have?
Credit
What is an example of a need?
Shelter, food, water, clothes, transportation
My family is on vacation so we are sticking to a....
Budget
An account for money to earn interest. Often used to store money for later use.
Savings Account
What is income?
What card is linked directly to your bank account, using money you have already have
Debit
What is an example of a want?
A video game, going to a concert, things that are not required to live. Typically things we enjoy
If an expense can be cut from your budget it is considered a?
Want
What is called when you put money into your bank account?
A deposit
What are expenses?
Money you are spending. Bills, wants, needs, etc.
What card has a PIN associated with it? You have to put the PIN in while making purchases using this card.
Debit
What is the document called that outlines an employee's earnings for a specific period of time?
A paycheck or paystub
I lost my debit card. When should I cancel my card?
Immediately or pause it if that is an option with your bank if you think you might find it.
What is it called when you take money out of your bank account?
Withdraw
Why do people have credit cards?
Boost their credit score, emergency option, can be easier to get money back if card is stolen and used opposed to a debit card.
True of false: All bills are due on the first of the month
FALSE each bill will have a due date on them.
What was the largest bill ever printed by the U.S.
10,000 in 1918
What is the document called that outlines or summarizes deposits and withdrawals from your account?
Bank Statement
What is it called when someone does not keep a budget and spends more than they make? They go into....
Debt - money that is owed or due
What is considered an excellent credit score?
720-850 is excellent
690-719 is good
630-689 is fair
300-629 is bad
Someone calls me and says I owe them $300 dollars for a service that I never received or purchased. What is this called?
Scam
Who is the richest person in the world?
Elon Musk