Budget 1
A plan for spending and saving money each month
Budget
Money given in exchange for working
Pay
How many internship hours do you need?
130 hours
Money put away into a bank to use for later or for an emergency
Savings
Items or things you would like to have but are not necessary
Wants
Things you must have to survive (food, water, shelter) or to have personal success
Needs
Keeps your money in a safe place and take it out when you need it
Bank Account
What is the name of this class?
Personal Financial Planning Seminar
The total 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
Money earned on a regular basis. (sometimes for chores)
Allowance
What does CTP mean?
COMPREHENSIVE TRANSITION AND POSTSECONDARY EDUCATION
What you earn in your paycheck before taxes
Gross pay
The money you put into your bank account
Deposit
This is for things we need right now; food or school supplies
Spending
The money you take out of a bank account
Withdrawal
What you like to do, or you are good at doing
Skills
A process of creating a plan to manage your income and expenses is a
Budget
What are taxes?
government fees on income, activities, products, and property that people are required to pay
Which card is more at risk for fraud and identity theft?
Debit Card
Card that allows you to borrow money to make purchases
Credit Card
What is your instructors name? Write it down on paper (correctly)
Shakira
What is a stash of easily accessible money that has been set aside?
Emergency Savings
What are some transportation related expenses?
Uber/ Lyft cost, Bus fare, Car maintenance/Repairs, Insurance