ELL Budget / Credit and Debit Practice

What is a budget?

• A plan for sending and saving your money.

• A type of bank account.

• A tool used to buy expensive things.

Why do people make budgets?

• To keep track of their money and spend it smartly.

• To buy everything they want without limits.

What are two things you NEED each month?

• Food and Shelter

• Video Game and New Shoes

Why is it good to save money?

• To have money for emergencies.

• To spend all your money the day you get it.

• To impress your friends.

What is one thing you want to save money for?

What is a credit card?

• Uses Borrowed Money to Make Purchases

• Only Lets You Spend your Money you Already Have

What is a debit card?

• Uses Borrowed Money to Make Purchases

• Only Lets You Spend your Money you Already Have

Can you use a debit card to buy groceries?

• Yes

• No

How do you keep a credit or debit card safe?

• Share your card with your friends.

• Keep your card in safe place and not sharing your PIN?

• Leaving your card in a public place.

Which card charges interest if you don’t pay in time?

• Credit Card

• Debit Card