Vocabulary
Building/Institution that holds your money.
Bank
Deposit
Putting Money INSIDE the bank or ATM Machine
Budget
A Plan of how we spend our money
Bank Card
A card that allows you to use the ATM machine
Bank Accounts
Record from bank to tell you how much money you have there.
Something we use to buy what we want
Money
What is the Secret Password that allows us to use the ATM machine called?
PIN
What are two ways of budgeting money?
Splitting your needs into a LIST or a PIE CHART (circle)
Debit Card
What are the names of the Bank Accounts that you should have?
Checking, Savings, College
Something you do that influences your account balance
Transaction
What is it called when we are in line and not bothering other people at the ATM?
ATM Manners or ATM Etiquette.
What do you do with your left over money?
Put them into Savings.
On a check, what do you write in the "Pay to the Order Of"...?
The person, organization or whomever you are giving the check to, name.
The name of the account that you use to pay off your every day life.
Checking
Money that the bank PAYS you to look after your money
Interest
In the Five Step Plan of being ready for the ATM Machine, which step do you need your card out and ready?
The First Step
Why is it important to budget your money?
So you do not go into debt.
A written permission that directs the bank to pay a specific sum of money to the person...
Check
How many forms of identification do you need in order to open a bank account?
Two forms.
Borrowing money from the bank - paid back with Interest
Loan
What step is the 6th Step?
Take/Put in your Money
When budgeting money, should the total amount of money that you spend go above the total amount of money that you earn?
NO!!!!!
On the check, where do you write the REASON why the person is receiving the check?
Memo
What are the three examples of Long Term Savings that Zac used?
House, Car, In Case of Emergency