I have two dollar bills and two quarters. How much money do I have?
$2.50
I spent $14. I paid with a $20 bill.
How much change will I get back?
$6
What is the name of the cash machine at the bank?
ATM
How can I pay my bills? Give examples of different methods.
by card, check, money order, online, in person at a store.
When I use money from a friend with the intent to return it, I _____________ it
borrow
I have one 5 dollar bill, 3 quarters and 2 pennies. How much money do I have?
$5.77
My total is $17.65. I paid with a twenty dollar bill. What is my change?
$2.35
When I take money out of my account, I __________________ it
Withdraw
This type of card loans you money that you have to pay back with an attached interest rate.
Credit card
A plan that I make for how to use my money is called a _____________________
budget
I have one ten dollar bill, a quarter, a dime, and a nickel. How much money do I have?
$10.40
I gave the cashier two twenty dollar bills. I got back $6.39. How much money did I spend?
$33.61
When I put money into my account, I _______________________ it
I need to pay my electric bill to LG&E. The total is $152.49. My account number is 145-2849-4827.
Where do I write "LG&E?"
On the line that says "Pay to the Order of"
The money that I make at my job is called my _____________________
income or salary
I have one ten dollar bill, one five dollar bill, a quarter and 2 dimes. How much money do I have?
$15.45
My meal at a restaurant is $18.00. How much should I leave for a tip?
$2.70 - $4.50
(15-25%)
What are two kinds of accounts that you can open at a bank?
Checking and Savings
What is this?
A money order
When I borrow money from a bank, I take out a ________________.
Loan
I have a ten, two fives, and six ones. I also have five quarters, three nickels, four pennies, and one dime. How much money do I have?
$27.54
I go to a salon to get a haircut. It costs $65. How much should I tip?
$9.75 - $16.25
(15-25%)
When my company deposits my paycheck into my bank account for me, this is a ________________
Direct Deposit
I need to pay my electric bill to LG&E. The total is $152.49. My account number is 145-2849-4827.
What do I write on the memo line?
My account number.
145-2849-4827
What is the difference between a fixed expense and a variable expense? Give an example of each
A fixed expense is the same every month. It does not change. (ex. rent, car payment, insurance, gym membership etc.)
A variable expense can change every month. (ex. groceries, utilities, personal shopping etc.)