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Vocabulary
True or False
Personal Banking
Reading a Budget
Calculating Purchases
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

Jack had $10. He bought a pair of socks for $2.30 and a pair of gloves for $5.50. How much money did he have left?

Jack had $2.20 left.

$10.00 – $2.30 – $5.50 = $2.20

200
Taking money out of an account.
Withdrawal
200

$85 is a good price for a haircut.

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

Coffee mugs cost $2.50 each. How much do 5 coffee mugs cost?

$12.50

$2.50 x 4 = $12.50

300
A plan for how to save and spend money.
Budget
300

A refrigerator is a want.

FALSE

300

What is a checking account?

Money kept for every day expenses.

300
Sharon's montly income is $200.00. How much does she make in 4 months?
$800.00
300

Mr. Jackman gives $32 to his four children to share equally. How much will each of his children get?

$8


$32 ÷ 4 = $8

400
Extra money that you either earn or owe.
Interest
400
I should use a Debit Card to pay for a chocolate bar at the Dollar Store.

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

A music store is having its “Black Friday” sale. The store will give $5 off for the second item a customer purchases. Emma wants to buy a pair of headphones for $25 and a CD for $18.50. How much does she need to pay in total?

$38.50 

$25.00 + $18.50 – $5.00 = $38.50

500
An I.O.U. that you pay later.
Credit
500

Money can be used for spending, saving, or giving.

TRUE

500
Why is it important to be careful when using credit cards? Explain your answer.
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

Each student in Grade Four was given 20 raffle tickets to sell to raise funds for their school. The price of each ticket is $1.50. If Olivia sold all her tickets, how much money did she raise for her school? If there are 30 students in grade 4, and they all sold all of their tickets, how much money was raised altogether?

$900

$1.50 x 20 = $30 

Olivia raised $30 for her school 

30 x $30 = $900