Basic Budgeting

A checking account is...

• Your total savings

• What your credit card is attached to

• The account for the money you use everyday

• Only used for writing checks

Your checking account contains...

• Your money

• Money you owe

• A loan

• None of the above

Where's the best place for you to get cash from?

• Any ATM

• Any banks ATM

• Any ATM connected to your bank

• Stores and Restaurants

What's wrong with cashing a check at a "Check-Cashing Store"?

• They aren't reliable

• They are hard to find

• They are a scam

• They take a big percentage of the money

Which is a "Need"?

• Shoes

• YouTube Premium

• A second backpack

• Premium Gas

Which is a "Want"?

• A computer

• Ordering delivery food

• Wi-Fi

• A cell phone

You should save all of the money beyond your needs

• True, saving is best

• False, you should spend on things you want when you can afford to

With the 50/30/20 rule, what percent of your income should be spent on wants?

• 50%

• 30%

• 20%

• 10%

With the 50/30/20 rule, what percent of your income should be spent on needs?

• 50%

• 30%

• 20%

• 10%

With the 50/30/20 rule, what percent of your income should be spent on savings?

• 50%

• 30%

• 20%

• 10%