Aaron - Consumer Skills Unit 2

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Buying a new dress today is an example of:

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an immediate goal

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Banks charge for: overdrafts, social security cards, savings accounts

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overdrafts

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An example of a long range goal might be: attending the prom, your children's education, groceries

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your children's education

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One kind of flexible expense in your budget could be: installment loan, money for clothes, house mortgage payment

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money for clothes

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Long range goals are most often planned by: educated or trained adults, high school students, young couples beginning a family

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young couples beginning a family

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When there is not enough money in your checking account to cover a check that you have written, it is called:

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insufficient funds

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A special kind of check that may be purchased at some stores in exchange for cash or check is a:

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money order

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An immediate goal is:

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eating your next meal

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A long range goal is: summer vacation, planning for retirement, allergy shots

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planning for retirement

Front

A check drawn for money than is in the checking account is called:

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an overdraft