Banking Basics
An account that allows easy access to funds for daily transactions.
What is a checking account
A savings account with a fixed interest rate and fixed date of withdrawal.
What is a Certificate of Deposit (CD)
Urgent and Important, Important but Not Urgent, Urgent but Not Important, Not Urgent and Not Important.
What are the four quadrants of the Eisenhower Matrix?
The process of organizing and planning how to divide your time between specific activities. It's important because it helps increase efficiency and productivity, reduces stress, and ensures you have time for essential tasks.
What is time management?
Reviewing this before starting a study session helps prioritize tasks.
What is a study schedule or to-do list?
What does APR stand for in banking terms?
Annual Percentage Rate
What is the routing number on a check?
The Bank ID or location
Tasks that are urgent and important.
What type of tasks should be prioritized in the Eisenhower Matrix?
Examples include excessive social media use, unproductive meetings, and frequent email checking.
Time wasting activities
A dedicated area free from distractions, crucial for effective studying.
What is a study space or study environment?
To store money and earn interest over time.
What is the main purpose of a savings account?
A numerical expression representing the creditworthiness of an individual.
What is a credit score?
Urgent but Not Important.
Which quadrant should contain tasks you should delegate?
These are Specific, Measurable, Achievable, Relevant, and Time-bound
What are SMART goals?
This simple habit helps create a sense of order and accomplishment first thing in the morning.
What is making your bed?
If you are under the age of 18, who can access and must be on your account?
Your parents or legal guardians
This gives you and the bank real time data to your account.
Online banking
Long-term goals and planning.
What is the primary focus of the Important but Not Urgent quadrant?
Strategies include breaking tasks into smaller steps, setting deadlines and eliminating distractions
Strategies to help overcome procrastination.
A healthy habit often included in morning routines to boost energy and mood.
What is exercise or physical activity?
Social security card, drivers licence, State ID, passport, proof of address, money depending on the bank
Examples of things you will need to open up a checking account.
You can give your employer a voided check and receive your paychecks in this manner.
What is direct deposit?
President Dwight D. Eisenhower.
Who popularized the Eisenhower Matrix?
Trello or Google Calendar
A digital tool commonly used for time management.
This activity involves setting the day's intentions and reviewing goals.
What is planning or journaling?