Budgeting
Paychecks and Allowance
Going to the Bank
Bank Terminology
100
Why do we budget?
To help us keep track of how much money you are getting and plan how much money we can spend
100
How much is an allowance for GROW students?
$40 Weekly
100
What do we put on our cash envelope?
Name, Dorm, what you are using the money for
100
What is bank terminology?
Important vocabulary we should know for going to the bank or handling money
200
What is budgeting?
A spending plan that helps you manage your money.
200
What do you do at the bank with your paycheck?
Deposit it
200
Name a step for using the ATM.
Insert your debit card horizontally, Enter PIN # using the keypad, Tap “Cash Withdrawal”, ALWAYS tap “Checking”, Tap the amount of money you would like to withdraw, Tap “Continue”, Tap “Print Receipt”, Tap “Return Card”, Take out your debit card from the ATM, Take money and receipt from the ATM
200
What is something you can you receive for a restaurant?
Gift Card
300
What is a good strategy to use to budget for needs and wants?
Budget sheets, checklists, looking for the 'best buy', envelopes, etc.
300
What is an allowance?
A set amount of money you get weekly to spend
300
Name a step before going to the bank teller.
headphones off/phone away, get your money out and ready, practice what you want to say or ask for, wait at the sign
300
Someone in which you get your money from at the bank
Teller
400
What is needs vs. wants?
Needs are things required for living, wants are something you would like to have
400
What is endorsing?
Signing the back of a check
400
How do you greet a bank teller?
Use a kind greeting (ex. Hi, How are you?, Good Morning/Afternoon)
400
Name the act of putting money in a bank account.
Deposit