Vocabulary
Taking money out of your account is known as
Withdrawl
You should always spend more money than you have
False
An amount of money that a government requires people to pay
What is a coupon?
a ticket that can be used to help pay less for items
Knowing where your money goes is not important as long as you save a little each year.
False
Only you should know your pin.
What is debt?
Money that is owed or due.
It’s ok to skip a payment now and then as long as you eventually pay it.
False
What is a checking account?
Money kept for every day expenses
What are bills?
Amount of money owed for something bought or provided.
Paying bills late can lower your credit score.
True
Why is it important to make a budget?
A budget helps plan your spending
A plan for how to save and spend money
Budget
Never buy something you don't fully understand
True
Why is it important to be careful when using credit cards?
To protect personal information and prevent over spending