Spending, Saving, Deposits, and Withdrawals

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What is a deposit?

Back

A deposit is when you put money into your bank account.

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What is a withdrawal?

Back

A withdrawal is when you take money out of your bank account.

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If you have $34 and you deposit $10, how much do you have now?

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$44

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If you have $500 and you make a deposit of $25, what is your new balance?

Back

$525

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What does it mean to save money?

Back

Saving money means keeping some of your money instead of spending it.

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If you earn $2.00 a week and want to save $20.00, how many weeks do you need to save?

Back

10 weeks

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What is a bank?

Back

A bank is a place where you can keep your money safe.

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What is an allowance?

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An allowance is money that parents give to children regularly.

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If you take $15 out of your bank account, what have you done?

Back

You have made a withdrawal.

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If you put $20 into your bank account, what have you done?

Back

You have made a deposit.

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