Enter Title

Budgeting 101

100

Jeremy wants to buy a CD. Is a CD a NEED or a WANT?

It is a WANT. 

200

You spend part of your budget on needs. What is an example of a NEED?

Food, essential clothing items, phone bill, etc

Bills: electricity, water, heating, rent, etc

300

How do you check your bank balance? 

Using the app and/or website. 

400

Who should have access to your bank account? 

Yourself, Parents/Guardians.

Nobody should be able to log into your account without your permission. 

500

What is debt? And is it a good thing to be in debt?

Debt means that you owe money. This means you have spent more money than you actually have and you need to pay someone or a business back. Debt is not a good thing to be in. 

Need, want or save?

100

Is going out to eat a need, want or save?

Want.

200

Is a pet a need, want or save?

Want

300

Are groceries a need, want or save?

Need.

400

Is keeping money in a seperate account for bills a need, want or save? 

Save or Need. 

500

Is putting money away to buy a car a need, want or save?

Save.

True or False?

100

You need to save money?

True

200

You should tell anybody that asks, how much money you have in your bank account?

False

300

Money is free, you don't need to work for it?

False. 

400

You should give anyone your bank details?

False.

500

You need to constantly check your bank account to make sure you know how much money you have, and what is coming in and going out of it?

True.