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Vocabulary
True or False
Personal Banking
Reading a Budget
College Money Moves
100
Adding or putting money into an account.
Deposit
100
You should always spend more money than you have.
FALSE!
100

 What are the two main types of Bank accounts?

What is checking and savings?

100

Julia makes $100.00 babysitting a month and $50.00 every week for household chores in 1 month. What is her total monthly income?

$200.00

100

 This is free money that you do not have to pay back to the school and is given to you based on merit or qualifications 

 What is a grant or a scholarship?

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

Money borrowed from the school or private lender that must be repaid. 

 What is a student loan?

300
A plan for how to save and spend money.
Budget
300
Fixed expenses include things like rent.
TRUE
300

When you spend more money than what's in your account what happens?

 What is an overdraft?

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

 A part-time on-campus job often funded by financial aid.

 What is a work-study?

400

An amount that grows over time based on your principal. (Your start amount)

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

 Money left over from financial aid or scholarships after tuition and fees are paid

 What is a refund check?

500

A number that lenders used to prove your worthiness to pay back a loan

Credit Score 

500
Variable Expenses change from month to month
TRUE
500

What percent of your credit limit should you try to stay under?

What Is 30%

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

 This form must be completed every year to receive financial aid from the government

 What is the FAFSA Form?