bugeting
What is a plan for how you spend and save money?
What is budget
Name one factor people use when choosing a bank.
What is location, convenience, rates or fees
The money you earn for your work is called?
What is a paycheck.
Using these, will reduce your grocery bill; and one way to lower your monthly food/grocery expenses.
What are coupons
Is food a need or want?
What is a need.
True or false: A budget should include fun money.
What is true!
This account at a bank allows you to make deposits, pay bills, and make withdrawals.
What is a checking account
What does minimum wage mean?
What is the lowest hourly rate you can be paid by law.
This type of expense is called a flexible or variable expense.
What is groceries, electric bill, water bill, gasoline, wireless telephone, utilities, etc.
Is a video gam a need or want?
What is a want?
Name two fixed monthly expenses
What are rent and car payment
This happens when you write checks that exceed/are more than the amount that you have in the account
What is overdraft.
What is money you get for doing a great job at work?
What is a bonus or tip.
This type of expense is a fixed expense.
What is mortgage/rent, health or car insurance, real estate taxes, vehicle registration, etc
If you make 400.00 a week and spend 250.00, how much is left?
What is 150.00
This account at a bank is used to set aside money and pays you interest.
What is a savings account.
What does "Net pay" mean?
What is your pay after taxes are taken out.
This is what you have to pay the bank monthly, because you borrowed money to buy or build a home.
What is called a mortgage.
This is money saved for unexpected costs.
What are emergency funds.
This should be performed monthly to ensure proper record keeping and help protect against identity theft.
What is a bank reconciliation.
You work twenty hours a week at $10.00 an hour. What is your weekly pay?
What is 200.00
One way that [related to time] expenses occur.
What is monthly, quarterly, periodically, annually