Banking
This type of account is best for day to day purchases.
What is a chequing account?
This is when you don't spend all your money straight away, putting it away so you can spend it later.
What is savings?
These can be used to save money on purchases.
What are coupons?
Money helps a person with this mindset to present a positive image of themselves.
Who is a status seeker?
This versatile machine lets you conduct banking transactions--like withdrawals--without needing to see a person.
What is an Automated Teller Machine (ATM)?
What is interest?
In the 50/30/20 approach, 20% of the budget goes toward this.
What are savings?
Money helps a person with this mindset to help others.
Who is a giver?
This type of savings usually consists of liquid funds that accumulate small amounts of interest for use in 2-12 months.
What is an emergency fund?
It's a good idea to save this percentage from your earnings.
What is 10-20%?
Setting up this action with your bank can help you commit to saving and reach your goal.
What are automatic deposits and withdrawals?
This money mindset lets life happen.
Who is a carefree spender?
These 2 documents are required for opening a bank account.
What are a social insurance number (SIN) and ID?
It's a good idea to have these three types of savings accounts.
What are emergency funds, short term savings, and long term savings?
This is an important part of budgeting that helps you maintain motivation.
What is celebrating your wins?
This money mindset is likely to brag about Halloween candy.
Who is the status seeker?
You'll likely take this into consideration when choosing where to open a bank account.
What are fees, benefits (services), convenience, ratings and/or risk?
This kind of interest is added to the principal and then calculated on that new amount.
What is compound interest?
A successful budget means spending less than this.
What are earnings?
This money mindset is likely to act the most impulsively.
Who is the spontaneous spender?