Banking 101
What is the place where you keep your money safely?
What is a bank?
Borrowing money that you must pay back later is called what?
What is debt?
A plan for how you spend and save money is called what?
What is a budget?
Putting money away for later use is called what?
What is saving?
When prices go up over time, it is called what?
What is inflation?
What type of account is mainly used for everyday spending?
What is a checking account?
What is a card that lets you borrow money to pay later?
What is a credit card?
Money you receive regularly is called what?
What is income?
Using money to try to grow it over time is called what?
What is investing?
Inflation makes your money worth more or less?
What is less?
What type of account earns interest over time?
What is a savings account?
What is the cost of borrowing money called?
What is interest?
Money you spend is called what?
What are expenses?
What is money earned on savings called?
What is interest?
The cost of living increasing is caused by what?
What is inflation?
What is money taken out of your account called?
What is a withdrawal?
What score shows how trustworthy you are with money?
What is a credit score?
Needs like rent and food are called what type of expenses?
What are fixed/necessary expenses?
What is a common investment in companies?
What are stocks?
What happens to buying power during inflation?
What is it decreases?
What is it called when you spend more money than you have?
What is overdraft?
Using a high percentage of your credit limit hurts what?
What is your credit score?
Wants like games or clothes are called what?
What are discretionary expenses?
Investments have higher potential reward but also higher what?
What is risk?
What is one way to fight inflation with your money?
What is investing?