Checking Account
The act of putting money in to your account.
What is a deposit?
A monthly charge for having an account.
What is a fee?
Every dollar in your budget must have this.
What is a job?
Save $500 in an emergency fund.
What is the 1st foundation?
Dave Ramsey's plans for high school students.
What is the 5 foundations?
The act of taking money out of your account.
What is a withdrawal?
A check is void without this.
What is a signature?
Your ending balance after creating your budget.
What is 0?
Get out of debt.
What is the 2nd foundation?
Free money to go to college.
What is a scholarship/grant?
All transactions including deposits, checks, debit card purchases, additional fees, and ATM use should be recorded here immediately after completion.
What is a check register?
This can be used to withdraw cash or make deposits to your accounts.
What is an ATM?
A written plan for your money.
What is a budget?
Pay cash for college.
What is the 4th foundation?
The number of credit cards the average American has.
What is 2-3?
The act of moving money from one account to another.
What is a transfer?
A monthly bank report that states your transactions and balance.
What is a bank statement?
Rent.
What is a fixed expense.
Build wealth and give.
What is the 5th foundation?
The method to pay off debt.
What is the snowball method?
The term for the slip used to add funds to your bank account.
What is a deposit slip?
You earn this for keeping your money in the bank.
What in interest?
Movies, games and groceries.
What are variable expenses?
Pay cash for your car.
What is the 3rd foundation?
A fund used to save money for a specific purchase over time.
What is a sinking fund.