Banking
True or False
Budgeting
Pay Stubs
Earning & Saving
100

Adding or putting money into an account.

Deposit

100

You should always spend more money than you have.

False

100

Julia makes $100.00 babysitting and $50.00 for household chores each month.  What is her total monthly income?

$150.00

100

A document that lists the details of an employee's pay

Pay stub.

100

What are some ways to earn money?

Allowance, Babysitting, Lawncare, Paper route, Refereeing, Shovelling snow

200

Taking money out of an account.

Withdrawal.

200
There are 7 basic aspects of money.

False

200

David's expenses for each month are $40.00 for his phone, $20.00 for eating at restaurants, and $30.00 for savings.  What are his total monthly expenses?

$60.00

200

What does EI stand for?

Employment Insurance

200

What are some limitations to earning income?

Time, Transportation, Skills

300

A plan for how to save and spend money.

Budget

300

Take home pay and net pay are the same thing.

True

300

Sharon's montly income is $200.00.  How much does she make in 4 months?

$800.00

300

What is the retirement income plan operated by the government of Canada called?

Canada Pension Plan

300

Ryan started a landscaping business. He earns money each week mowing lawns, pulling weeds, and trimming hedges. He is paid by the hour. The money he earns is called

Income

400

Money the bank pays you for keeping your money in the bank.

Interest

400

Savings accounts pay interest.

True

400

Christopher's income each month is $1,000.00.  His expenses are $550.00 each month.  What are his savings for each month?

$450.00

400

Total pay before taxes and other deductions

Gross Pay

400

These types of bank accounts typically do not have any fees.

Student & Youth Bank Accounts

500

What does ATM stand for?

Automated Teller Machine

500

You must be 16 years old or accompanied by a parent or legal guardian to open up a bank account.

True

500

Briana saves $25.00 each month to buy a computer.  The computer costs $500.00.  How many months will it take for her to save enough money?

20 months

500

Earnings after deductions and taxes

Net Pay

500

Membership is required to access these financial services.

Credit Union

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