Vocabulary
Adding or putting money into an account is called what
A. Withdrawal
B. Deposit
C. Putting in
D. Dispoted
Deposit
You should always spend more money than you have.
FALSE!
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.
Julia makes $100.00 babysitting and $50.00 for household chores each month. What is her total monthly income?
$150.00
Taking money out of an account.
A. Withdrawal
B. Deposit
C. Putting in
D. Dispoted
Withdrawal
Who should know your ATM PIN?
Only you should know your PIN.
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
A plan for how to save and spend money.
A. Planner
B. Budget
C. Saving
Budget
What is a checking account?
A. Used for emergencies
B. Used for day to day expenses
C. Used to check an account
Money kept for every day expenses.
Sharon's montly income is $200.00. How much does she make in 4 months?
$800.00
Extra money that you either earn or owe
A. Rate
B. Loan
C. Interest
Interest
Why is it important to make a budget?
Answers may vary
What is a category that goes onto a budget?
Answers may vary
Money that you owe later
A. Debit
B. Credit
C. Borrowing
Credit
Why is it important to be careful when using credit cards? Explain your answer.
You can spend too much and go into debt
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 months