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Vocabulary
True or False
Personal Banking
Reading a Budget
Interest
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

What is the tip+total bill if your original bill is $125

20% tip 

tip=$25.00

total bill + tip=$150.00

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 is the tip+total bill if your original bill is $165

25% tip 

tip= $41.25

total bill+tip= $206.25

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

What is the tip+total bill if your original bill is $180

30% tip 

tip= $54.00

total bill + tip=$234.00

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 is the tip+total bill if your original bill is $200

20% tip 

tip= $40.00

total bill+ tip=$240.00

500

something you borrow from the bank

loan

500

Variable expenses change from month to month

TRUE

500

what is a savings account?

An account where you can save money. 

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 tip+total bill if your original bill is $120

15% tip 

tip=$18.00

total bill+tip=$138.00