Budgeting
Responsible adults do this.
What is budgeting?
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder
Debit Card
A bank account designed for regular deposits and withdrawals.
What is a checking account?
An account designed to let money sit for a long time.
What is a savings account?
Reason to have an emergency fund.
What is emergencies are unpredictable.
Why it is important to budget.
What is taking control over your own money
an institution for receiving, keeping, and lending money
Bank
A plastic payment form given to checking account holders.
What is debit card.
What are 2 good reasons to use an emergency fund
Medical Expenses, Car Accident, Injury, Job Loss, etc
A benefit of budgeting properly.
What is living on less than you make?
a savings account that you can access quickly to pay for unexpected expenses or emergencies.
Emergency Fund
A paper payment form given to people with checking accounts.
What are checks?
Money that is added into your amount over time.
What is interest?
How much money should you have in your emergency fund?
6-12 months of needs/expenses
Something budgeters do every time they buy.
What is tracking purchases?
something, typically money, that is owed or due
Debt
A great feature to quickly see account activity, deposit checks, and check balances.
What is mobile banking?
Why savings accounts are BAD investment accounts.
What are low interest rates.
The three requirements to use an emergency fund.
What is urgent, unexpected, and necessarcy?
Why budgeting is not restrictive.
What is setting your own budget categories and amounts?
money received, especially on a regular basis, for work or through investments.
Income
When writing a check, you must use this kind of writing utensil.
What is a blue or black pen?
The maximum number of transactions per month in a savings account.
What is six?
Reason money in an emergency fund must be "liquid" or cash.
What is easy to access?