Checking Account
The act of putting money in to your account.
What is a deposit?
A monthly charge for having an account.
What is a fee?
Every dollar in your budget must have this.
What is a job?
Save $500 in an emergency fund.
What is the 1st foundation?
Build Wealth & Give
What is the 5 foundations?
The act of taking money out of your account.
What is a withdrawal?
A check is void without this.
What is a signature?
Your ending balance after creating your budget.
What is 0?
Get out of debt.
What is the 2nd foundation?
What is Free money to go to college?
What is a scholarship/grant?
All transactions, including deposits, checks, debit card purchases, additional fees, and ATM use, should be recorded here immediately after completion.
What is " Reconcile your checking Account"?
This can be used to withdraw cash or make deposits to your accounts.
What is an ATM?
A written plan for your money.
What is a budget?
Pay cash for college.
What is the 4th foundation?
The number of credit cards the average American has.
What is 2-3?
The act of moving money from one account to another.
What is a transfer?
A monthly bank report that states your transactions and balance.
What is a bank statement?
Rent.
What is a fixed expense.
Build wealth and give.
What is the 5th foundation?
The method to pay off debt from smallest to largest.
What is the snowball method?
What is a copy of each check you write?
What is a Carbone Check?
You earn this by keeping your money in the bank for a certain period.
What is in interest?
Movies, games and groceries.
What are variable expenses?
Pay cash for your car.
What is the 3rd foundation?
A fund used to save money for a specific purchase over time.
What is a sinking fund.