Personal Finance Review

Once you have regular expenses which type of account will help you to manage your bills?

• Savings Account
• Checking Account
• Certificate of Deposit
• A mortgage

Why would you want a savings account

• It keeps your money safe
• Usually will pay a little bit of interest
• Keeps you from buying things you don't REALLY want
• All Choices

Why do banks charge interest on loans?

• Banks don't want people to borrow money
• Interest is how banks make money
• Interest encourages people to borrow money
• Banks want customers to be able to pay their bills

Which type of account is the most useful for unexpected big expenses?

• Savings
• Checking

Which type of account offers ways to pay bills without having to carry cash?

• Savings
• Checking

Which type of account is used to buy for things like groceries?

• Checking
• Savings

A good budget should include all of the following EXCEPT

• Money for some monthly WANTS

• Money for all monthly NEEDS

• Savings

• Money that you haven't assigned a purpose for its use

Now that Steve Harrington has a regular source of income and bills to pay, he would benefit most from a...

• Savings Account

• Checking Account

• Certificate of Deposit

• Mortgage

A budget is important because

• It allows you to get the most out of your money
• Limits your fun
• Gives you an excuse to not buy things
• Helps you to make money

Which of these habits can make you rich?

• Making saving money a habit
• Making a budget and sticking to it
• Managing your checking account well
• All of the Choices