Banking
Name 2 types of accounts you could have at a bank.
Savings account, Checking account, Certificate of Deposit (CD), Business account
Who is on the $10 bill?
Secretary Alexander Hamilton
What is it called when your paycheck goes directly into your bank account?
Direct Deposit
Which type of bank account typically accrues more interest?
Savings accounts, CDs, or High Yield Savings
What is an ATM card?
A card you can use at ATMs to take out cash.
Doing this can help you avoid over spending during shopping trips.
Making a shopping list or budgeting
This is a government program that can help some people pay for food.
SNAP. Supplemental Nutrition Assistance Program
What do you need to open a bank account?
A valid government ID (license, state ID, passport), and money for an initial deposit
What is a debit card?
A card you can use to pay for items that takes money directly from a checking account.
Price comparison, or comparison shopping
This is a government program that can help some people pay for housing/rent.
Section 8 Housing Choice Voucher Program
True or False: If you are given a check, you can cash it at any bank.
False. You can only cash checks at banks where you have an account, or at the bank listed on the check.
What is a credit card?
A card you can use to purchase items even if you don't have the money upfront. *Not paying your bill on time incurs interest!
True or False: If you are buying an item at a store, but find it's being sold by another store for less money, the original store will alter the price to match.
True in most cases! Target, Walmart, Home Depot are some stores that will "price match"
What is the current minimum wage in the state of MA?
$15.00/hour
What happens if you spend more money than is in your bank account?
Overdraft fees. Fees can vary by bank.
What is a Money Order?
A type of check you can get at a bank to use to pay for items; you must pay for the money order up front.
What could you do if you wanted to purchase something that costs a lot of money but you cannot pay for it all up front?
Layaway plans, payment installments. *beware interest if payments aren't made on time
When was the very first dollar coin made in the US?
1794