Budgeting Basics
This is a plan for how you will spend and save your money
What is a budget
This number helps lenders decide whether to loan you money.
What is a credit score?
This is the safest place to keep your money instead of carrying cash
What is a bank account?
SMART goals help make goals easier to achieve because they are this.
Specific and organized
This animal is known as the "King of the Jungle."
What is a lion?
Rent and electricity are examples of these
What is needs?
This is the extra money charged when you borrow money or carry a balance on a credit card.
What is interest?
This type of account is usually used for everyday spending.
What is a checking account?
What does the "S" in SMART stand for?
Finish this saying: "Money doesn't grow on _____."
What is trees?
Eating at a restaurant every day is usually considered one of these.
What is wants?
Why is having good credit important?
(Answers will vary)
This type of account is designed to help you save money.
What is a savings account?
What does the "M" in SMART stand for?
Measurable
The American flag has this many stars.
What is 50?
If you earn $1,500 each month and spend $1,150, you have this much left.
What is $350?
Name one thing that can affect your credit score.
(Answers will vary)
Name one benefit of having a bank account.
(Answers will vary)
What do SMART goals help you achieve?
Financial stability
This instrument has 88 keys.
What is a piano?
Name one reason why making a budget can reduce stress.
Sarah has a credit card with a $1,000 limit. She has spent $300. Approximately what percentage of her available credit has she used?
What is 30%?
True or False: A debit card spends money directly from your bank account.
True
Give an example of a SMART financial goal.
(Answers will vary)
If you won $1 million tomorrow, what is the first responsible thing you would do?
(Answers will vary)