Budgeting Quiz

How many of you have a credit card/debit card/bank account?

• Yes

• No

• I have no idea what you're talking about

How many people know how much money they have? (bank account/cash/etc)

• Yes

• No

• I don't have a bank account

Answer explanation

At your age, 61% of teens have started saving and storing money in a bank account

Do you budget your money?

• Yes

• No

What do you spend MOST of your money on?

• Food

• Clothes

• Video Games

• Other

Answer explanation

Teenagers on average spend $2,150 a year. Most popular items to spend it on is food and clothing

Teens spend most of their money on what?

• Video Games

• Clothes

• Food

Answer explanation

Teens spend most of their money on food :) Chick-Fil-A overtook Starbucks as top restaurant for teens

Video games take up 11% of teen spending

Account held at a financial institution that allows for withdrawals and deposits

• Net montly income

• Checking Account

• Savings Account

• Both savings and checking

The amount DEDUCTED from your bank account is called...

• Interest rate

• Credit

• Debit

• Credit Card

A term for balancing your spending and your income

• Gross Annual Income

• Budgeting

• Net Monthly Income

• A bank

ADDING an amount to your account is called?

• Checking Account

• Savings Account

• Credit (deposit)

• Calculating

What bank account receives a small amount of interest based off amount in account?

• Checking Account

• Savings Account