Show:
Checking Accounts
Savings Accounts
Credit Cards
Credit and Debt
Saving vs. Checking
100
Overdraw
What is it called when you take out more money than you have in your account?
100
Your money will earn more interest in this type of account.
What is a savings account?
100
You can buy things without cash or money in your account if you use this.
What is a benefit of using a credit card?
100
The credit card company is loaning you money to pay the store.
How is using a credit card like borrowing money?
100
Savings accounts earn more interest than checking accounts.
Which earns more interest, checking accounts or savings accounts?
200
Balance your account
How can you be sure you have enough money to pay for your purchases when you write checks and use debot cards?
200
You want to save up for a big trip.
What should you use a savings account for?
200
A credit limit
What keeps you from spending more money than you can afford?
200
Credit card companies offer customers more money for big purchases. The customers may not be able to afford the purchases.
How do credit card companies get people to make purchases they can't pay off?
200
Checking and savings accounts only allow you to spend money you have in your accounts.
What is true about both savings and checking accounts?
300
You use a debit card or write a check.
How do you spend money in a checking account?
300
Savings accounts are harder to withdraw money from. You can't use a debit card or write checks with a savings account.
Why is a savings account easier to save money in?
300
Credit card comapnies collect fees and interest from you.
How do credit card companies make money?
300
You can't buy a house.
What is true about bad credit?
300
Banks will loan money for free.
What is false about banking?
400
You owe the bank the money you spent plus a fee for spending more than you have.
What is an effect of everdrawing your checking account?
400
This is a percentage your savings account will earn just for you keeping your money in the bank.
What is interest?
400
You owe the credit card company the amount of your pruchase plus fees and interest. You pay more than what the items you bought cost.
What happens when you can't afford to pay for your credit card purchases?
400
Budget enough money to pay off your credit card statement each month.
What is a good way to stay out of credit card debt?
400
Banks charge fees and interest on loans.
How do banks make money?
500
When you put money into an account.
What is a deposit?
500
Banks ue the money in other customers' accounts.
Where does the money come from when banks give out loans?
500
You owe your credit card company money.
What happens after you use your credit card to buy something at a store?
500
Credit cards should be used carefully, and you should only purchase things you can afford to pay off.
What is thebest advice you can give to some one about credit cards?
500
Banks hold fundraisers by selling chocolate bars, banks get money from the state of Texas, and banks are not a safe place to keep your money.
What is false about banking?