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
What is it called when you compare prices before buying?
What is comparison shopping.
The money you earn for your work is called?
What is a paycheck.
This is what credit card companies charge for use of their money.
What are finance charges
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.
True or false. Coupons help you save money.
What is true.
What does minumum wage mean?
What is the lowest hourly rate you can be paid by law.
The best way to reduce you credit card debt.
What is pay more than the minimum payment required.
Name two fixed monthly expenses
What are rent and car payment
This happens when you write a check that exceeds/or is more than the amount of money that is in your account.
What is overdraft
This is the total cost after taxes are added
What is the total cost or final price
What does "net pay" mean?
What is your pay after taxes are taken out of your paycheck.
When possible, it is better to buy a home rather than rent because purchasing real estate is considered an investment. As you pay off your mortgage you build this.
What is equity.
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.
Why is it smart to make a shopping list before going to the store?
What is to avoid impulse buying.
What is money you get for doing a great job at work?
What is a bonus or tips
Preferably, the only types of purchases that should be financed are these.
What are large purchases such as a house or car.
This is money saved for unexpected costs.
What are emergency funds.
This is a timed savings account with a higher interest rate.
What is a Certificate of Deposit (CD)
Name one way to save money on clothes.
What is buy on sale, shop at a thrift store, use a coupon, garage sale purchasing
You work twenty hours a week at $10.00 an hour. What is your weekly pay?
What is 200.00
Calculate this by taking the total amount of money and assets you have and subtracting the total amount of money you owe.
What is your net worth