Consumer Banks, Checking, Savings, and Budgeting

What is a budget?

• It's a future savings for an emergency

• Budgets are personal plans for spending ad saving income.

• It's an account where you save your money.

• Quien Sabe

Budgeting means creating a written _______ to use your money?

• facts

• a plan

• fun

• checking account

Creating a budget is easy, you write down on paper how much money you have coming and and what you will __________.

• spend

• save

• free

• hola

A budget can help you identify items that cost too much and help you prepare for the _________.

• past

• present

• future

• last year

Another way to describe budgeting is a balance between __________ and _________ money.

• start and finish

• fact and fiction

• time and engery

• Saving and spending

Jon's income is 1,200 a month. His expenses are 1,000. Does he have enough money left over to put into a savings account?

• Yes

• No

What will the bank pay you if you put money into a savings account?

• deposit

• dollars

• interest

When people borrow money from a bank, they have to pay what?

• interest

• spending

• goals

What two ways can you borrow money from a bank?

• savings and checking

• credit card and a loan

• deposit and withdrawal

If you are under the age of 18, who has to go with you to open up a savings account?

• Your cat

• An adult over the age of 18

• Mrs. Avila