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.
350-850
Shred it (dispose of it in a way where it cannot be read)
Deposit
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.
True or False: When applying for a job, the employer can check your credit history and/or your credit score.
True.
True or False: You can eliminate all risks by taking precautions to protect yourself.
False. You can take steps to reduce risk but can never full eliminate it.
What is the type of fee that will be charged if you use more money than you have available?
Overdraft fee
What does the term SMART goals mean?
Specific, Measurable, Action-Oriented, Reachable, and Time-Bound.
How many credit reporting agencies exist?
3. Experian, Equifax, and Transunion
If your debit card is stolen, who should you contact?
Your bank or credit union.
What does ATM stand for?
Automated Teller Machine
What is money that is owed?
Debt
What are some examples of external influences?
Celebrities, Influences, Social Media, TV, Friends...
What is credit?
The ability to borrow money.
What are emails where thieves will impersonate a company that you do business with, such as your bank or credit card company in order to gain information?
Phishing emails
This type of card is attached to your checking account for purchases.
Debit Card
Something specific you want to achieve with your money is called what?
A financial goal!
True or False: It is human nature to want what others have.
True.
What are the 4 C's?
Character, Capacity, Capital, and Collateral.
What website should you go to if you think you are the victim of *identity theft*?