Vocabulary
True or False
Personal Banking
Reading a Budget
100
Adding or putting money into an account.
Deposit
100
You should always spend more money than you have.
False
100
The four digit number required to make purchases when using a debit card is called?
pin number
100
Julia makes $100.00 babysitting and $50.00 for household chores each month. What is her total monthly income?
$150.00
200
Taking money out of an account
withdrawal
200
Important expenses include things like rent.
True
200
Who should know your pin number?
Only you should know your pin number
200
David's expenses for each month are $40.00 for his phone, $20.00 for eating at restaurants, and $30.00 for savings. What are his total monthly expenses?
$90.00
300
A plan for how to save and spend money.
Budget
300
The two parts of a budget are income and outcomes.
False
300
What is a checking account?
Money kept for every day expenses.
300
Sharon's monthly income is $200.00. How much does she make in 4 months?
800
400
An I.O.U. that you pay later.
Credit
400
There are some expenses that may change from month to month
True
400
Why is it important to make a budget?
A budget helps plan your spending.
400
Briana saves $20.00 each month to buy a computer. The computer costs $500.00. How many months will it take for her to save enough money?
25