Fixed & Flexible
Budget
Checking
Savings
Credit Cards
100
Food
What is flexible?
100

What is withdrawal?


Removing funds from a bank account

100

Write this number out like it would be written on a check: $24.99

What is "Twenty four and 99/100----------------------------"?

100

What is interest?


Money earned by deposited funds.

100

What is credit?


When someone lends an individual money and trusts he or she will pay it back

200
Rent Payment
What is fixed?
200
Money received
What is income?
200

A check that you wrote, but has not been subtracted from your account is called ____________?

What is Outstanding Check?

200
What is annual?
What is yearly?
200
A list of all cards, account mubers, and phone numbers should be kept...where?
What is away from the card?
300
Car Insurance Payment


What is fixed? 

300

What is net income?

Income one has after subtracting costs and expenses


300

Writing a check for $500 when you only have $450 in your bank account is called ________?

overdraft

300
What does percent mean?
What is per 100 (ex: centipede)?
300

What is an interest rate?

An interest rate is the percentage of principal charged by the lender for the use of its money . The principal is the amount of money loaned. Interest rates affect the cost of loans.

400

Clothing

What is flexible?

400

What is utilities?

The gas, water, and electric bill generally called ___________on a budget.


400
Two important things you should do when signing checks.
What is Cursive and NO Red Ink?
400
How is a savings account different than a checking account?
What is a savings account earns interest?
400
A disadvantage of having a credit card?
What is paying interest, additional fees, tempting to overspend, responsible for lost/stolen cards, identity theft is easier, can cause large amounts of debt?
500

Eating Out

flexible

500

Every month, Sandy's expenses are approximately $400 and her income is $650. What is her net income?

What is $250?

500
Why are overdrafts bad?
What is you are charged a fee that may increase every time you have an overdraft?
500
If you have $100 in your savings account and have a 5% interest rate, how much would you earn in a year?
What is $150?
500
If you are using a credit card wisely, you should...?
What is pay the balance in full each month?
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