Budgeting
Purchases a person must have to live or succeed or bills that must be paid to remain in good standing?
What are needs?
Taxes paid by employees to federal and state government through a direct deduction from their paycheck.
What is income tax?
Requires membership.
What are Credit Unions?
Name a app that allows you to pay at stores using your phone.
Various Answers Including:
Apple Pay
Google Pay
Samsung Pay
Method of banking where all the transactions take place electronically via the internet rather than at a physical bank branch.
What is Online Banking?
Total earnings before any deductions are taken.
What is Gross Pay?
Any items subtracted from your paycheck, including state and federal income taxes, Social Security, health insurance or 401(k) contributions
What is a Deduction?
Has higher fees.
What are Banks?
Money taken out of your account.
What is a Withdrawl?
Method of banking using your smartphone to conduct transactions rather than using a computer or a physical bank branch.
What is Mobile Banking?
Money that is earned from work, investments, business, etc.
What is income?
Form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck.
What is a W-2?
Has higher rates on Auto Loans? (Costs you more money)
What are Banks?
Money put into your account.
What is a Deposit?
Method of banking where all the transactions take place electronically via the internet rather than at a physical bank branch.
What is Online Banking?
Nonessential purchases a person wants to feel happy or on par with their peers.
What are wants?
A form completed by an employee to indicate his or her tax situation (exemptions, marital status, etc.) to the employer, who then withholds the corresponding amount of taxes from each paycheck.
What is a W-4?
Money is not Federally guaranteed up to 250,000 dollars.
What is Neither?
Double Jeopardy
Name a pro of having a Credit Card.
Double Jeopardy!
Name a pro and a con of Online & Mobile Banking.
Double Jeopardy!!!!!!!
If the sales tax in Riverside County is 7.75%, how much does a $7.99 12-roll package of toilet paper really cost?
A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals.
What is Social Security?
Offers services like: Auto Loans, Bank Loans, Money Market Account, Savings Accounts, and Credit Cards.
What is Both?
The result of making a withdrawal when there isn't enough money in your checking account to pay for it
What is a Overdraft?
Things you can do to protect your checking account when using online and mobile banking. (Name one way)
What are:
Use a strong password
Connect to a secure WiFi network
Do not share your password and PIN
Change you password regularly.