Bank Basics
Name the two main types of bank accounts.
Checking and Savings
Income means the money you _____.
Earn
What is it called when your paycheck goes straight into your bank account?
Direct deposit
True or False: It’s safe to send money to someone online who promises to send you something later.
False
What’s one smart habit you can start today?
Check balance weekly, save $5–$10, track spending, ask bank questions
Which account is usually used for everyday spending?
Checking account
Expenses are the money you _____.
Spend
What document shows hours worked and pay details?
Paystub
Name one thing you should never share online.
Password, bank account number, Social Security number
You get paid and spend everything in two days. What problem might that cause?
You may not have money for bills or needs
Which account is best for saving for future goals or emergencies?
Savings account
Give one example of a NEED.
Food, housing, utilities, medicine, clothing, etc.
Gross pay is your pay before what comes out?
Taxes and deductions
What extra security step helps protect online accounts?
Two-factor authentication
You forget about a subscription. What could happen?
Money keeps coming out of your account
Name one way you can access money from your checking account.
Debit card, ATM, online banking, or check
Give one example of a WANT.
Video games, makeup, coffee drinks, fast food, subscriptions, etc.
Net pay is best described as what?
The money you actually take home
Why should you double-check names before sending money on a cash app?
Because once money is sent, it’s usually gone
Where should you keep money for emergencies or big purchases?
Savings account
What happens if you spend more money than you have in your account?
You may overdraft and be charged a fee
According to our simple rule, what should you do after paying bills?
Save a little
Why is net pay the number that matters most for budgeting?
Because it’s the money you actually have to spend
Cash apps should only be used to send money to who?
People you know and trust
What is one common money mistake people make?
Spending paycheck too fast, overdrafting, forgetting bills, not saving