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Vocabulary
True or False
Personal Banking
Budgeting
Spending Habits
100
Adding or putting money into an account.
Deposit
100
You should always spend more money than you have.
FALSE!
100

Name TWO parts of a check?

The check number, the account owner info, the account number, the memo line, the pay to order line, the dollar amount box, the dollar line, 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

Money you have set aside for later (it can be for a goal, emergencies, unexpected expenses, etc.)?

Savings

200

The cost of borrowing money on a yearly basis

APR (Annual Percentage Rate)

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

This is a question you should ask before any purchase?

Do I NEED this?

300

A plan for how to save and spend money.

Budget

300
Fixed expenses include things like rent.
TRUE
300

This happens when your spending exceeds your available bank account balance

Overdraft or Negative Balance

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

If you want to save you should create this?

A budget

400

Fee charged by a lender and paid by the borrower for the use of money thar has to be paid back?

Interest

400
The two parts of a budget are income and outcomes.
FALSE
400

An account that offers a higher rate of interest than a savings account

Money Market Account

400

Kristopher's income each month is $1999.00. His expenses are $550.00 each month. What amount can he save each month?

$1449.00

400

What percentage of your income should you aim to save monthly?

20%

500

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

Credit

500
Variable Expenses change from month to month
TRUE
500

What does CD stand for?

Certificate of Deposit

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

A regular pattern in how you use money is called?

Spending Habit