Budgets
What is setting goals
This is the maximum amount of money a lender allows you to spend on a credit card.
What is a credit limit
This term refers to the amount of money you have coming in, usually from a paycheck.
What is income.
This type of card deducts money directly from your checking account when you make a purchase.
What is a debit card.
Which country has the highest life expectancy as of 2026?
What is Monaco
Is the following a fixed expense or variable expense?
Monthly mortgage.
What is a fixed expense.
This three-digit number, often ranging from 300 to 850, indicates how likely you are to pay back debt.
What is a credit score.
Costs that remain the same every month, such as rent or mortgage payments.
What is a fixed expense.
Using this type of card means that you are borrowing money from a financial institution and paying it back later.
What is a credit card?
What is the most common last name in the U.S?
What is Smith
A budget is a financial plan, that helps you track your expenses.
If you only pay this minimum amount required by the bank, you will likely pay high interest charges.
What is minimum payment.
This is the act of setting money aside for future use rather than spending it immediately.
What is saving.
Joe decided to go to the supermarket and buy groceries using his card. He had to enter in a number in the keypad in order for the payment to go through. What type of card is Joe using?
What is a debit card?
What is Mr. Farrs room number
What is Room 207
What are some common budgeting mistakes that teens make?
What is they can forget to create emergency savings accounts, and tracking budgets. (Answers vary, different answers will be taken.)
This fee is charged if you make a payment after the designated due date.
What is a late payment/ late fee.
These expenses are not the same every month, including groceries, entertainment, or dining out.
What are variable expenses/ flexible expenses.
Chim decided to buy a coke bottle at the grocery store. He realized that the card had no limit, so he bought a surplus of food. At the end of the month, he realized that the card in fact was not unlimited, and he had to pay it back at the end of the month. What type of card is it?
What is a credit card.
Which basketball player has the most points in history?
What is Lebron James
If your monthly expenses are higher than your monthly savings, what can you do to fix it?
These cards, often offering travel points or cash back, usually require a high credit score to obtain.
What is high tier credit cards/ reward cards.
What is disposable or discretionary income.
Kabir went to the car dealership and bought a car using his debit card. Since the car was pricey, he thought his credit score would shoot up, but when he checked, it didn't. What went wrong?
What is using a debit card won't change your CREDIT score. Answers will vary.
Who won Superbowl LIV/20
What is the Kansas City Chiefs