Write a list of how to make a dollar with: a penny, a nickel, a dime, and a quarter.
100 pennies, 20 nickels, 10 dimes, 4 quarters
This is a card that you can use at an ATM and is connected to your checking and/or savings account.
Debit or ATM Card
Double Jeopardy!!!!!!!
Where does the money from your debit card come from?
True or False: If you use your debit card like a credit card the money comes out of your savings account
True
Why is it important to budget your money and keep track of your checking and savings account?
Make sure you are saving enough, you can pay bills, make sure no one is using your card
8 dimes, 3 quarters and a nickel, 3 quarters and 5 pennies
This means "to put money in" to your account.
Deposit
This means "to take money out" of your account.
Withdraw
Explain a situation where a person may want to use a credit card instead of a debit card.
Answers will vary.
Answers may vary.
What are some necessary personal expenses someone may have to budget for if living on their own?
Groceries, gas, rent, electric bill, cell phone bill
What is a reason your credit card may get rejected/declined when you pay?
Your bill is overdue, it may be blocked due to fraudulent charges, you may have maxed it out
Explain a situation where a person may want to use a debit card instead of a credit card.
Double Jeopardy!!!!!!!!!1
Add: 1 quarter, 4 dimes, 6 nickels, and 3 pennies
If you deposit money into your account, what will happen to your current balance?
It will increase/go up.
What will happen to your balance if you withdraw money from your account?
It will decrease/go down.
Explain what may happen if you do not pay your credit card bill on time.
Credit company will call you, you will be charged a late fee, your credit score may go down.
Explain why you should never share your social security number with someone.
How can you make $0.90 using as few coins as possible
3 quarters, 1 dime, 1 nickel
TriPlE JeOpArdY!!!!!!!!!!!
What does it mean to go "paperless"?
What is called when your job automatically deposits your paycheck into your bank?
Direct Deposit
Explain a few types of rewards you can get from using your credit card.
Miles for flight, free hotel, cash back
Need- bills such as cell phone, rent, groceries, furniture, electric, new/work clothing if it is old or worn out
Want- recreational or leisurely activities