Accounts
Where can you open up a bank account?
BANK
What are checks used for?
used for transferring money, give money to others
Budgeting means?
money plan, planning how you spend and save your money
When you put away your money for later, you are ..
saving
What are the two accounts you can have called?
checking account, saving account
People people use checks or a debit card for everyday purchases? T OR F
False
What does withdrawal mean?
to take money out of bank
when you use your money, you are..
spending
What is a checking account used for? give me one example.
everyday spending (food, rent, groceries, clothes, phone, gas, electric bill)
What FORM do we use for a check to show amount? HINT( SHOULD BE WRITTEN ON SECOND LINE OF CHECK, and you have learned it in math)
Word form
To put money in the bank, you are what?
depositing
the amount of money earned by parent or family member
allowance
What is a savings account used for?
for bigger purchases, and future goals (buying a car, house, emergencies, travel)
Why is MEMO on a check?
Memo tells why you wrote the check
example: gift, rent, bill
work that someone else does for someone (haircut, pack grocercies) They are providing a ......
service
To give food, money or items to help people. you are
donating
Who did Ms. Marks write a check to in her example?
Peter parker (spiderman)
money earned for a job you do
salary, income
Someone who buys goods and services is a customer and a c____________.
consumer