Category 1
This is the card you can use to pay for things using money that is already in your bank account.
What is a debit card?
This type of card lets you borrow money from a bank to make purchases, which you pay back later.
What is a credit card?
This is the money you earn from working at a job or providing a service.
What is income?
This is the act of setting aside money now so you can use it later.
What is saving?
This is the act of putting money into something with the hope that it will grow in value over time.
What is investing?
When you use a debit card at a store, the money is usually taken directly from this type of account.
This is the monthly document that shows what you bought, how much you owe, and when your payment is due.
What is a credit card statement?
If you earn $15 for every hour you work, this is called your __________.
What is an hourly wage?
This is the type of bank account designed to help you keep money for future goals while earning a little interest.
What is savings account?
This is a small piece of ownership in a company that you can buy as an investment.
What is a stock?
If your debit card purchase costs more than the money available in your checking account, this may happen, depending on your bank's policies.
What is an overdraft?
If you do not pay your full credit card balance by the due date, the bank may charge you this.
What is interest?
This is the amount of money you earn before taxes and other deductions are taken out of your paycheck.
What is gross income?
This is a goal you might save for over several months, such as a new bike, a gaming console, or a school trip.
What is saving goal?
Unlike a savings account, investing comes with this because the value of your money can go up or down.
What is a risk?
This four-digit security code helps protect your debit card when you use it at an ATM or make certain purchases.
What is a pin?
This is the maximum amount of money you are allowed to borrow on your credit card.
This is the amount of money you actually receive in your paycheck after taxes and other deductions have been taken out.
What is net income?
This is extra money a bank may pay you for keeping your money in a savings account.
What is interest?
This is the money you earn when an investment increases in value or pays income over time.
What is a investment return?
You notice a purchase on your bank account that you did not make after losing your debit card. This is the first thing you should do to help protect your money.
What is report the lost or stolen card to your bank immediately (or lock/freeze the card and contact the bank)?
A student charges $500 to a credit card but only pays the minimum payment each month. Over time, they will likely pay more than $500 because of this.
What is interest accumulating over time?
Jordan earns $18 per hour and works 10 hours in one week. Before taxes, Jordan earns this amount.
What is $180?
Maya wants to save $240 for a new bicycle in 8 months. If she saves the same amount each month, this is how much she should save monthly.
What is $30 per month?
Alex invests $100. A year later, the investment is worth $110. Alex earned this amount as a profit.
What is $10?