Personal Finance

what is personal finance?

• you make money in this class

• helps you find jobs

• financial decisions of an individual or household, including budgeting, insurance, mortgage planning, savings and retirement planning

• teaches you how to use a credit card

How does a debit card work?

• A debit card lets you spend money from your checking account without writing a check

• A debit card makes you take money out to spend

• A debit card has a limit you can spend

• A debit card can only be used at an ATM

A(n) ______ is a written order to a bank to pay the amount stated to the person or business named on it.

A check written for more money than your account contains is called an _______

A booklet used to record checking transactions is called a checkbook __________

A(n) ________endorsement is the signature of the payee written exactly as his or her name appears on the front of the check.

Financial institutions offer customers a _________ box to store valuable items or documents.

A large sum of cash you pay up front when you purchase a home is called a ___________.

a_________ is a refundable amount a renter pays in advance to protect the owner against damage or nonpayment.

Credit card companies have to give you a ____ day warning before they increase the interest rate.

• 15

• 10

• 12

• 11