Budgeting & Saving
The money you are paid BEFORE taxes are taken out.
What is gross pay?
Another name for check card.
What is a debit card?
Occurs when a person steals another person's identity.
What is identity theft?
What does a credit card company do when you fail to pay your credit bill on time?
A. Charge you a finance charge
B. Charge you a late fee
C. Charge you an over-the-limit fee
D. Both A and B
E. All of the above
What is Both A & B?
Best time to begin a savings account.
What is as soon as possible?
The money you actually take home AFTER taxes are taken out.
What is net pay?
At your bank, this slip is used to add money to your checking or savings account.
What is a deposit slip?
When thieves break into a computer system and steal information.
What is hacking?
True or False:
If you always pay the minimum balance on your credit card on time, you will not be assessed a finance charge.
What is False?
Which of the following is a "want" not a "need"?
A. Shelter
B. Medicine
C. Streaming Services
D. Food
What is streaming services?
A plan for spending and saving money during a particular period is called.
What is a budget?
This happens to your checking account when you write a check.
What is money is subtracted from the account?
First step once a person realizes he or she is a victim of identity theft.
What is file a police report?
This is what APR stands for.
What is Annual Percentage Rate?
A person, other than the principal borrower, who signs for a loan and assumes equal liability.
Who is a cosigner?
Which of these is a fixed expense?
A. Gasoline
B. Telephone
C. Rent
D. Electricity
What is rent?
Make a payment using the internet.
What is online bill pay?
Second step once a person realizes he or she is a victim of identity theft.
What is call bank and/or credit card companies?
******DAILY DOUBLE******
Which of the following can affect a person's credit score?
A. Number of open accounts
B. Late payment history
C. Not having any credit cards
D. All of the above
What All of the above?
To avoid ATM fees, this is the best strategy.
What is using your bank's ATM?
Taxes, insurance, retirement accounts and bills taken out directly from your work pay.
What are deductions?
When you write a check, but you do not have enough money in your account.
What is the check bounces?
Daily activity that helps an identity thief obtain your personal information.
What is using your credit card, making an online purchase, going to the hospital/doctor's office?
True or False:
With most credit cards, your interest rate on cash advances will be higher than the APR for the card, but your grace period is longer.
What is False?
Interest, fees, and investments and securities.
What are ways banks make money?