Type of account
An account in which you use it save money while earning money through interest?
Savings account
Every time a new skincare product comes out, Emily wants to buy it. But she is trying to limit herself in buying products out of temptation. So tells herself “I will come back in 30 days and see if I still want it.” What strategy is she using?
The startup value to open an account is the…
Initial deposit
I offer you a limited withdrawal to your account. A low percentage of interest rate. And don’t require a large initial deposit. What am I?
Traditional Savings account
You save a probation for your paycheck and then use the rest of the money on other stuff. What are you doing?
Pay yourself first
Save for future events
Saving goals
Which savings account gives you the opportunity to write checks?
Money Market
Samantha is a college student who can’t cook, so she eats out a lot. However, she dorms at her college and needs to pay her bills. What would she do to make sure she has enough money to waste on takeout food?
Monthly budget
What do you call the percentage amount you revive from your credit/debit card?
Interest rate
I am left untouched by you for a specific period of time but if you touch me during that period of time, a punishment is what you get. What am I?
CD (certificate of deposit)
You haven’t paid the phone bill, the internet bil. You missed your student loan deadline. You still owe money to a family relative. Your life is a mess. But it’s a new year so you decided to pay your phone bill first and later you will catch up with the other debts. What are you doing?
Snow-ball method
How many different types of savings accounts are there?
3