Banking
This type of account is traditionally used to pay bills and deposit pay checks?
Checking Account
What is a credit card?
What is a low credit score?
300 or Below 600
True or False:
Debit Card money comes from your bank account
True
This type of account usually has higher interest and is used to hold money for a longer period?
Savings Account
What would you be buying if you wanted to use a mortgage?
A house
Name one thing you would want included in your budget.
Bills
Groceries
Clothing
Shoes
What is a credit limit?
The amount of money available to spend
What is it called when your account goes over the balance available?
Overdraft or negative
What is a secure card?
A card that you provide to the bank to set the limit or the amount you can spend
Double Jeopardy:
What are the names of the two people teaching this topic today?
Ms. Sheed and Ms. Shannon
True or False:
If you pay off your credit card balance in full you still have to pay interest.
False
Double Jeopardy!! What is needed to open a bank account?
Name
Address
DOB
SSN
What is it called when another person uses your information to make purchases?
Identity theft
What is income?
Money you make or the amount of money you are bringing in
Savings account
What are the four types of accounts?
Checking Account
Savings Account
Money Market Account
CD Account
What is a credit score?
Score that tells lenders your borrowing power
A breakdown of income and expenses
This interest is CHARGING you money to based on the money you spent
Credit card Interest