BANKING
A FINANCIAL INSTITUTION WHERE YOU DEPOSIT, WITHDRAW MONEY AND APPLY FOR LOANS ETC
WHAT IS A BANK ?
THIS KEEP TRACK HOW WELL YOU PAY YOUR BILL
WHAT IS YOUR CREDIT SCORE ?
WHAT IS A PLAN THAT SHOW YOU WHERE YOU SPEND YOUR MONEY
WHAT IS A BUDGET ?
SOMETHING THAT IS NECESSARY FOR SURVIVAL OR TO LIVE
WHAT IS A NEED ?
AN ADULT FINANCIAL REPORT CARD
WHAT IS A CREDIT SCORE ?
A TERM FOR A CARD ISSUED BY A BANK THAT ALLOWS A CARDHOLDER TO WITHDRAW MONEY OR MAKE PURCHASES USING FUNDS FROM THEIR BANK
WHAT IS A ATM/DEBIT CARD
NAME 3 NEGATIVE FACTORS THAT CAN AFFECT YOUR CREDIT SCORE
WHAT IS MISSED PAYMENTS, SHORT CREDIT HISTORY,USED OVER 50% CREDIT CARD LIMIT, LATE PAYMENTS,TOO MANY CREDIT CARDS OR LOAN, CLOSED ACCOUNTS
To spend more money than expected
What is overspending or getting into debt ?
SOMETHING THAT YOU DO NOT HAVE TO HAVE, BUT IT WOULD BE NICE TO HAVE. ENJOYMENT !
WHAT IS A WANT ?
THE DATE YOUR BILL IS DUE
WHAT IS A DUE DATE OR PAYMENT DATE ?
Name 2 types of teen bank accounts
WHAT are teen checking and savings or joint account
NAME 2 THINGS THAT ARE REPORT TO THE CREDIT COMPANIES
CREDIT CARD, MORTGAGE, CAR LOAN, STUDENT LOAN PAYMENTS, BANKRUPTCY
a gift of money or goods to help people or a group
What is a donation ?
BUYING BASIC CLOTHING AND SHOES
WHAT IS A NEED ?
CHARGES TO USE AN ATM, ACCOUNT MAINTENANCE, MONEY ORDERS, OVERDRAFT,
WHAT ARE BANK FEES ?
THE TERM FOR A DOCUMENT THAT SHOWS ALL THE TRANSACTIONS THAT HAVE OCCURRED IN A BANK ACCOUNT OVER A SPECIFIC PERIOD OF TIME
WHAT IS A BANK STATEMENT ?
HOW CAN YOU ESTABLISH A GOOD CREDIT HISTORY?
WHAT IS PAYING BILLS ON TIME, USING LESS 30% OF CARD CREDIT LIMIT, KEEPING OLD CREDIT CARD OPENED, HAVE FEW CREDIT CARDS
To decide an order of importance
WHAT IS PRIORITIZING ?
BRAND NAMED CLOTHES & PURSES, SMARTPHONE, A PET, CAR, LAPTOP, JORDANS
WHAT ARE WANTS ?
NAME 3 THINGS IN A LOAN AGREEMENT
WHAT IS DATE OF LOAN, LOAN AMOUNT, REPAYMENT DATE, CONSEQUENCES OF NON PAYMENT ?
WHAT ARE 3 THINGS NEEDED TO OPEN A TEEN BANK ACCOUNT
WHAT IS ID, MONEY, PARENT CONSENT, SOCIAL SECURITY NUMBER, APPOINTMENT, PROOF OF ADDRESS, AGE LIMIT
WHAT IS THE TERM FOR THE MAXIMUM AMOUNT OF MONEY A BANK IS WILLING TO LEND A BORROWER ON A CREDIT CARD ?
WHAT IS CREDIT LIMIT ?
2 Components of a budget ?
What are Income, Expenses and Savings ?
LIST THE FOUR NEEDS
WHAT ARE FOOD, SHELTER,WATER, CLOTHES ?
THE DATE THAT DETAILS ALL CREDIT CARD TRANSACTIONS, CHARGES AND PAYMENTS ON A CREDIT CARD
WHAT IS A STATEMENT CLOSING DATE ?