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A written record of the money that flows in and out of your household each month
Budget
Money earned through employment or through benifits
Income
Money spent to buy goods and pay for services
Expenses
Money put away into a bank to use for later
Savings
Wants
Things you must have to survive (food, water, shelter) or to have personal success
Needs
An arrangement you make with your bank which allows you to keep your money in a safe place and take it out when you need it
Bank Account
Type of expenses that stay the same each month
Fixed Expenses
The amount of money in your bank account
Bank Balance
A bank account that you can usually take money from at any time
Checking Account
A bank account which you usually put money in for a longer period of time. It may earn interest.
Savings Account
A plastic card you use to get money from your bank account(s)
Debit Card
Type of expenses that change each month
Variable Expenses
A machine often found on a wall outside of a bank where you can withdraw from / deposit into your bank account
ATM – Automated Teller Machine
The money you put into your bank account
Deposit
The money you take out of a bank account
Withdrawal
Money that you borrow that must be repaid
Credit Card
3 or 4 digit number on your bank to help you secure or verify your money
CVV # or CVC (Card Verification Value)
A printed record of money put into and removed from a bank account
Bank Statement
An amount of money paid to the government, which is based on your income of the costs os goods you have bought
Tax
If you start work at 10:00 am and get off at 3:00 PM, how many hours have you worked?
5 hours
If you leave at 8:30AM and it takes you 45 mins to walk to the bus stop what time will you arrive at the bus stop?
9:15 AM
If you work a 4 hour day and start at 12:00PM what time will you be off?
4:00PM
What is the name of the best teacher in OCS?
Matich
Food, water, and shelter are examples of what?
Basic Needs