Banking and Budgeting

A place where you store and manage the money you use in everyday life is called a...

• bank

• budget

• loan

• credit card

People use a ________ to save money for bigger expenses like a new car, electronics, or furniture.

• savings account

• checking account

• budget

• balance

Penny earns $18 from her lemonade stand. She spends all $18 on more Robux. Is this a smart decision?

• Yes

• No

The amount of money in your bank account is called your ________.

• budget

• balance

• bank account

• credit card

An account that is used for everyday purchases like rent, food, clothing, and entertainment is called a _____________.

• checking account

• savings account

Banks let people borrow money to purchase big expenses like a car or a house. This is called a ______________.

• loan

• budget

• debit card

• bank account

Is Samantha's budget balanced?

• Yes

• No

Zain made a chart to record his income and expenses. He has $10 left after his expenses. What should he do with the rest of his money?

• save

• spend

• donate

To spend money that is in your checking account you can...(Choose all that are true)

• write a check

• use a credit card

• withdraw and spend cash

• use a debit card

Sophie wants to earn some money, so she decides to babysit for her neighbor. She earns 15 dollars. She decides to spend 8 dollars on a new book. She will keep the remaining 7 dollars for later. She is _____________ the 7 dollars.

• donating

• spending

• saving