Budget Time
What's It Worth
Bank On It
Forms of Payment
Protecting your Cash
100
Expenses that can increase and decrease in amount
What is a variable expense
100
Debts you owe (student loan)
What is a liability
100
A nonprofit financial institution owned by its members
What is a credit union
100
personal check that has been stamped and signed by a bank officer
What is a certified check
100
Never use this type of endorsement unless you are standing in front of a bank teller
What is blank endorsement
200
The amount of money you receive after taxes and other deductions
What is net income
200
item of value that you own (including money)
What is an asset
200
A quick, convenient service offered to receive cash without using a bank teller
What is an automated teller machine (ATM)
200
electronic transmission of money from an account at one bank to account at another bank
What is a wire transfer
200
Located in the bank's vault, this bank service protects your valuables from loss, fire, and theft
What is a safe deposit box
300
Unnecessary expenses (manicures)
What is a discretionary expense
300
assets - liabilities =
What is net worth
300
The main way banks get money to loan out to others
What is a deposit
300
risky to accept these types of payments when selling expensive items
What is a personal check
300
when selling something expensive, like a used car, you would be smart to require the buyer to give you this type of check
What is a cashier's check
400
Regular payments that usually don't vary in amount (rent)
What is a fixed expense
400
a statement listing assets, liabilities, and net worth
What is a balance sheet
400
An amount paid to use someone else's money over a fixed period of time
What is simple or compound interest
400
check paid for in advance, particularly useful when going on vacations
What is a traveler's check
400
the bank rents these out, and you get your own key!
What is a safe deposit box
500
The first line on a budget worksheet
What is net income
500
A balance sheet is an example of this type of statement
What is a financial statement
500
The amount the FDIC insures each depositer
What is $250,000
500
a check used by people who don't have bank accuonts
What is a money order
500
the bank stamps your personal check to show that enough of your money has been set aside to cover the check
What is a certified check
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