Save It Up
A WITHDRAWL from a bank account is when...
you take money out of your account
EXPLAIN what employee benefits are.
extras the employer can offer candidates to make the job more attractive
Why is it important to have a budget?
don't overspend, can save, to pay all bills
What is a credit card, and how does it differ from a debit card?
you are BORROWING the money
What are some advantages of buying a used car compared to a new car?
cheaper, they depreciate, better on environment
ADDING money to your account.
NAME 2 types of benefits an employer may offer.
savings, 401K, insurance, gym membership, commissions, FMLA, etc.
How can tracking your spending help you stick to a budget?
anything appropriate works
How can having too much credit card debt lead to long-term financial problems?
can't pay, bad credit score
What important information should you look for when reading an apartment lease?
rent, utilities, pets, deposit, parking
Why is it important to regularly review your bank statements for both checking and savings accounts?
Why is health insurance considered an important employee benefit?
You have a safety net when someone is sick, save lots of money, more likely to get support.
LIST 2 ESSENTIAL expenses you would add to your personal budget.
rent, car, insurance, electricity, trash, groceries, gas
How can people use credit responsibly?
any appropriate answer works
What is a loan, and why might someone need one?
house, car
What is the role of interest in a savings account, and how does it affect your balance over time?
What is paid time off (PTO), and how does it benefit employees?
Give employees a break, take care of sick days, more productive at work
WHAT are non- essential expenses and HOW can they lead to going "over budget?"
anything appropriate works
Why is it important to have a good credit score, and how can it affect your future?
you can get perks, benefits, loans, lower interest rates
What does it mean when we say a car depreciates in value?
loses money
WHY do people often choose banks with OVERDRAFT protection?
They will avoid fees if they spend more than they have in their account.
What are 2 hidden costs in jobs?
anything appropriate will work
WHAT is an emergency fund and WHY do we need one?
How do interest rates and late payments impact your credit score and overall debt?
you will owe MORE money and your credit score will suffer because companies will be worried you can't pay the money back
What does an interest rate mean for a loan?
How much money you are charged for borrowing money.