Budgeting
Things that would be nice to have, but you can live without
What are wants?
What you think is important in life
What are values?
A bank account that pays you interest on the money you put into it
What is a savings account?
Things you spend money on
What are expenses?
Using tablet or smartphone to do your banking
What is mobile banking?
Dealing with your needs first, then your wants
What is good money management?
A type of ID that is referred to as SSN
What is a social security card?
A card that lets you pay for things electronically, directly from your personal bank account
What is a debit card?
When you send money to someone else over the internet
What is an e-transfer or a wire?
Financial institution that holds cash, lends money and provides other money services
What is a bank?
When your spending habits are more than your income?
What is overspending?
When income is less than expenses
What is debt?
A bank worker who can help you open a bank account or cash a cheque
What is a customer service representative?
A scam that uses email, phone calls or text messages to try and steal money or information from you
What is phishing?
When your pay automatically goes into your bank account
What is direct deposit?
Another name for a budget
What is a spending plan?
The steps you plan to do or have the things you want for yourself in the future.
What are goals?
A record of money that has moved in or out of your bank account
What is a transaction?
A fee someone pays to borrow money
What is interest?
A loan you get from a cash store or payday lender
What is a cash advance?
Money you didn't count on having to spend
Financially supporting a cause, charity, or organization that is important to you
What is philanthropy or charitable giving?
A physical payment card that allows you to get credit from a financial institution
What is a credit card?
When something is shared or felt by both sides
What is reciprocity or mutual?
A bank account that lets you write checks, pay bills and do other personal money tasks
What is a checking account?