Give one example of a need, and one example of a want.
What is:
needs - healthy food, clothing, shelter, water
wants - electronics, junk food, a fancy car, etc.
100
Define the work budget.
What is an estimate of expected income and expenses for a given period of time in the future.
100
How would you write 20% as a decimal?
What is 0.20
100
Define the term "credit".
What is money that is not yours.
100
True or false: you can only use a deposit slip to put checks in the bank.
What is false.
200
Define the term "need".
What is something that you need in order to survive.
200
What are three types of savings?
What are "if" savings, "when" savings, and "why" savings.
200
What is 10% of $20.00?
What is $2.00
200
True or false: Money on your debit card belongs to you.
What is true.
200
What does PIN stand for?
What is Personal Identification Number.
300
Describe the term "want".
What is something that you would like to have.
300
Define the term "savings".
What are sums of money, saved and laid away.
300
How much tip should you leave for a waiter or waitress at a restaurant?
What is 20%
300
True or false: Interest is a risk that comes with using a debit card.
What is false.
300
How would you write out $125.00 on the money amount line of a check?
What is One hundred twenty-five dollars and 0/100.
400
What would happen if you spent all of your paycheck on video games, snack foods, and magazines?
What is you would not have enough money to pay for rent or healthy food (needed items).
400
"If" savings are amounts of money you save to pay for expenses that might happen. Please give one example of an expense or situation that "if" savings would be used for.
What is:
- "if" your car breaks down
- "if" you loose your job
- "if" you get sick
400
How much tip should you leave at the coffee shop?
What is loose change - $1.00
400
Who should you share your PIN number with?
What is no one.
400
True or false: You may have to pay a fee to use an ATM that does not belong to your bank.
What is true.
500
Is a car a need or a want?
What is it could be either. A car could be a need if you do not have access to public transportation and/or a way to get to work or school. A car could be a want if you have access to public transportation and/or do not need a car to get to work or school.
500
Give an example of something you would use your savings for.
500
Find 20% of $25.00.
What is $5.00
500
Who should you tell if you suspect someone has stolen your credit or debit card?
What is your bank.
500
What do you call the document where you keep track of income and expenses?