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Vocabulary
True or False
Personal Banking
Reading a Budget
Q of the Day
100
Adding or putting money into an account.
Deposit
100
You should always spend more money than you have.
FALSE!
100
What are TWO parts of a check?
The address, the name, the account name, the account number, the memo line, the pay to order line, the money written out, the signature line.
100
Julia makes $100.00 babysitting and $50.00 for household chores each month. What is her total monthly income?
$150.00
100

How many Americans (%) could not pay a surprise $400 bill with cash/equivalent*?

36%

*Ways of payment include cash, funds from savings account, or credit card transaction paid off next statement.



200
Taking money out of an account.
Withdrawal
200
Interest is always a good thing.
FALSE
200
Who should know your ATM PIN?
Only you should know your PIN.
200
David's expenses for each month are $40.00 for his phone, $20.00 for eating at restaurants, and $30.00 for savings. What are his total monthly expenses?
$90.00
200

What percent of 8-14 year olds have a credit card?

What is 17%. 

300
A plan for how to save and spend money.
Budget
300
Fixed expenses include things like rent.
TRUE
300
What is a checking account?
Money kept for every day expenses.
300

How much does the average consumer spend per month on subscription services?

$273 per month on subscription services

300


What is #1 reason that people give for paying their credit card bill late?


What is 45% of people forgot to make payment 

400
Extra money that you either earn or owe.
Interest
400
The two parts of a budget are income and outcomes.
FALSE
400
Why is it important to make a budget?
A budget helps plan your spending.
400
Kristopher's income each month is $1999.00. His expenses are $550.00 each month. What are his savings for each month?
$1449.00
400

What percentage of adults have carried credit card debt in the past year?

50% of families held credit card debt in 2020

500
An I.O.U. that you pay later.
Credit
500
Variable Expenses change from month to month
TRUE
500

Why is it important to be careful when using credit cards? Explain your answer.

60% of people make purchases because of FOMO, mostly within 24 hours.

500
Briana saves $20.00 each month to buy a computer. The computer costs $500.00. How many months will it take for her to save enough money?
25
500

What is the most popular trick that shopping websites use to get us to buy more?

Scarcity (low stock/high demand message)