Basic Banking
This is the account type used for everyday spending.
What is Checking account?
Money you keep for a future goal or for emergencies.
What is Savings ?
A third gaming controller when you already have two.
Need or want?
What is a Want?
The bottom left part of the check.
What is the Memo line (optional note about what the payment is for) ?
“Setting SMART goals helps you achieve your hopes and dreams for the future by providing a realistic plan to follow.”
True or False
What is True ?
This is a safe place where people keep their money.
What is a Bank ?
Things that make life more fun or comfortable, but you can live without them.
Need or want
What is a Want?
This money habit helps you reach goals and avoid running out of money.
What is saving ?
The first long line in the middle of the check.
Who gets paid (Pay to the Order Of) ?
Needs are more important than wants when making spending decisions.
True or False
What is True ?
A small plastic card used to access money in your account.
What is a debit card?
A plan for your money. It helps you decide how much money you have, how much you want to save, and how much you can spend.
What is Budget ?
A ____ is a savings account that pays higher interest when you keep your money in the bank for a fixed period of time.
What is A Certificate of Deposit (CD) ?
The top left and right parts of the check.
What is the Date, Name and Address ?
If you save $5 every week for 10 weeks, you will have this $ ___ .
What is $50 ?
Jamie has $50 in a savings account. She deposits $20 and withdraws $10. This is her new account amount.
What is $60 ?
Things you must have to live, learn, and stay healthy and safe.
Need or Want
What is a Need ?
A _______ is a card that lets you borrow money from a bank to buy something now and pay the bank back later.
What is Credit Card ?
The second long line in the middle of the check.
What is the Amount of money ?
People earn this by working a job.
What is a paycheck (money) ?
A machine that lets you withdraw cash and check your balance.
What is an ATM?
Alex receives a $40 allowance. He saves $10, spends $15 on a movie, and $5 on snacks. He still has $__ left in his budget to work with.
What is $10 ?
Extra money that gets added when money is borrowed or saved.
What is Interest ?
The parts of the check that get signed.
What is the front of the check on the bottom right and the back of the check for endorsement?
A student wants a $100 bicycle. If they save $20 per week, they'll reach their goal in this many weeks.
What is 5 weeks ?