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Banking
Budget
Expenses
Personal Finance
Payment Methods
100

One of the factors people use when choosing a bank.

What is location, convenience, rates, or fees?

100

The total amount of money earned before deductions.

What is Gross Income?

100
Examples of this type of expense include mortgage/rent, insurance, real estate taxes, and vehicle registration.
What are fixed expenses?
100
This is what credit card companies charge for use their money.
What are finance charges?
100

A payment method that is quick, safe, and easy but has high fees and is irreversible.

What is wire transfer?

200

A transfer from your account to another account electronically?

What is an etransfer?

200

Name a common deduction from a paycheck or pay period.

What is CPP, EI, Tax, Life Insurance?

200
The easiest type of expenses to adjust.
What are flexible/variable expenses?
200
The best way to reduce your credit card debt.
What is pay more than the minimum payment required?
200

A payment method that is easy to use and carry, can prevent hacks, convenient but has high interest rates and annual fees. 

What is credit card?

300

This should be performed monthly to ensure proper record keeping and help protect against identity theft.

What is a bank reconciliation/statement?

300

The term used to describe the things you spend your money on.

What are expenses?

300
Using these reduce your grocery bill, which is one way to help lower your monthly flexible/variable expenses.
What are coupons?
300

When possible, it is better to buy a home rather then rent because purchasing real estate is considered an investment. As you pay off your mortgage you build this.

What is equity? The ownership interest in property that may be subject to debts or other liabilities.

Eg. A business can expand its equity in order to buy assets to expand their business

300

A payment method that has unrestricted usage and is accepted everywhere but is easy to steal or lose and can't be tracked.

What is cash?

400

What is the maximum and minimum for sending an e-tranfer daily?

What is $6000 maximum and $0 minimum?

400

One of two types of expenses.

What are fixed or flexible (variable) expenses?

400
Examples of this type of expense include groceries, wireless telephone, electric, heating oil/gas, and gasoline.
What flexible/variable expenses?
400

Preferably, the only types of purchases that should be financed (payments made to a lump sum over a long period of time) are these.

What are large purchases (such as a house or car)?

400

A payment method that has no interest charges and low fees but has limited funds and fraud risks.

What is debit card?

500

This happens when you write checks for more money than is in your account.

What is an overdraft? An overdraft charge will then be applied to the account.  Some accounts have a monthly fee ($5) others charge an interest on the amount of overdraft.

500

When expenses change from month to month.

What is a variable expense?

500
One of the ways (relating to time) that expenses occur.
What is monthly, annually, quarterly, periodically, etc..?
500

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?

500

A payment method that is safe to receive and is available almost everywhere in the world but can't insure who gets it and has high fees.

What is e-transfer?