Budget/Saving
True or False
Personal Banking
Reading a Budget
Random
100

This is the term for what you make AFTER taxes (bring home)

NET PAY

100

Fixed expenses are expenses that do not change each month 

FALSE!

100

What is the difference in a debit card oppose to a credit card?

Debit card is your money

100
Julia makes $100.00 babysitting and $50.00 for household chores each month. What is her total monthly income?
$150.00
100

What is the application you have to fill out in order to go to college?

FAFSA

200
Taking money out of an account.
Withdrawal
200
Interest is always a good thing.
FALSE
200

What is an "Annual Salary" mean?

Your pay per year

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?
$90.00
200

What is a FICO score ? 

Your Credit Score

300

Buying a House or Saving for College is an example of a ____________________ term goal. 

LONG
300
Fixed expenses include things like rent.
TRUE
300

Why is it important to put money in the bank oppose to having it in cash? 

Your money is insured.

300
Sharon's montly income is $200.00. How much does she make in 4 months?
$800.00
300

  • Public place for people to buy shares in companies to be bought & sold

Stock Market

400

These are expenses (things you have to pay) that change each month. 

Variable Expenses

400

A budget is what you do to help you save and pay your bills it helps you prioritize.

TRUE

400

Why is it important to make a budget?

A budget helps plan your spending.

400
Kristopher's income each month is $1999.00. His expenses are $550.00 each month. What are his savings for each month?
$1449.00
400

  • Putting your money in 1 place & that place invests for you

Mutual Fund

500

This is the term for what you make BEFORE taxes are deducted.

Gross Pay

500

Variable Expenses do not change from month to month

FALSE

500

Why is it important to be careful when using credit cards? Explain your answer.

You can develop debt due to interest

500

What is a Insurance Premium 

What you pay per month for Insurance

500

What was Redlining ?

When the Banks & the HOLC drew lines in cities based on race & money.

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