Budgeting/Saving
What is a good rule of thumb to go by if you are budgeting?
what is 50/30/20
How many checking accounts does Maps offer?
4
How many savings accounts does Maps offer?
4
What are two results of not using credit cards properly?
What are a negative credit history, and a lower credit score?
Shanghai and Beijing are 2 large cities in which Asian Country ?
What is China
What are 2 ways to help create a budget?
what is
Set realistic goals.
Identify your income and expenses.
Separate needs and wants.
Design your budget.
Make sure you save for unexpected challenges.
Put your plan into action.
Look ahead.
What kind of card do you get when you open a checking account?
Debit Card
T/F: You can make a withdrawal from your savings account.
True
What are the four major credit cards?
what is: Visa, MasterCard, Discover, American Express
Toronto is a large city near Lake Ontario. Which country is this in ?
What is Canada
Which one would be an example of a long-term goal would be: 1.an annual vacation. 2.saving for retirement 3.buying a used car. 4.completing college within the next six months.
what is 2. saving for retirement
No one
Savings accounts offer what when your balance is above a certain dollar point?
Dividends
What are the 5 c's of credit?
What is: character, capacity, capital, collateral, credit history
Sydney and Melbourne are 2 cities on a very large island country. Please name this country
what is Australia
What is an example of a fixed expense 1.clothing. 2.auto insurance. 3.an electric bill. 4.educational expenses.
2. auto insurance
What fee do you have to pay when you spend more money than is in your account?
Overdraft fee
How old do you have to be open your own savings account at Maps?
14
What are two examples of positive credit card use?
What is paying card balances in full every month, paying card bills on time, applying for only cards that are needed, keeping track of all charges, and checking monthly card statement for errors?
What is the name of the largest city in India?
what is Mumbai
A higher rate of return on an investment means greater risk. a. True b. False
a. True
What form of paper payment is available when you have a checking account?
What is one benefit of having a savings account?
Earning dividends, money is protected, etc
Credit card issuers must list these separately on the monthly statement
What are fees and interest charges?
What is the largest city in the world?
what is Tokyo, Japan