Banking
Savings Account
What is a budget in 5 words?
A plan for your money
What is a specific duty, task, or activity someone completes using his or her time, skills, and energy to earn money.
What kind of account is for everyday transactions?
Checking Account
What is income?
Any money you have coming in. Can be from a job or allowance.
A debit card is your money. A credit card is borrowed money.
What is the type of fee that will be charged if you use more money than you have available?
Overdraft fee
What are expenses that can change?
Variable/Flexible Expenses
Cash flow is the relationship of _____ & _____.
income & expenses
Describe what a withdrawal is and what a deposit is.
Deposit: Putting money into your account.
What is money that is owed?
Debt
What is credit?
What is 1 reason you should keep your money in the bank?
* Security *Safety *Financial Future *Cost
What should you do first when you receive income?
Pay yourself first
What is the TX sales tax rate?
8.25% or .0825