Q1 Saving

Putting aside money for future use is known as...

Things you have to have; these are essential.

• Wants

• Needs

• Income

• Savings

Things you would like to have; they are not absolutely necessary, but they would be nice to have.

• Wants

• Needs

• Incomes

• Savings

A saving strategy where you put a fixed amount of money into a savings account immediately after receiving your paycheck, rather than waiting until the end of the month to save what's left.

• Pay Bills First

• Pay Needs First

• Pay Yourself First

• Pay Yourself Last

An amount of money given by a parent or guardian at regular intervals to their child.

• Paycheck

• Allowance

• Salary

• Sunday

A breakdown of your income and expenses for a set period of time.

• Income

• Saving

• Payment Plan

• Budget

A type of bank account that allows you to put aside money for future use and earn interest.

• Saving Account

• Checking Account

• Piggy Bank

• Banorte

The amount of money you earn on your savings account balance.

• Earnings

• Compound Interest

• Simple Interest

• Complex Interest

A savings account that is managed entirely online with no physical bank branch; usually offers higher interest rates.

• Online Savings Account

• Online Checking Account

• Bitcoin

• BancaNet

A bank account held by more than one person; each individual has the right to deposit and withdraw funds.

• Shared Account

• Co-Account

• Side Account

• Joint Account