Financial

What usually comes with a checking account? CHECK ALL THAT APPLY

• Debit card

• Can check balance through online/app

• Checks

• Bonds

Making a budget (and sticking to it!) can help you achieve financial goals

• TRUE

• FALSE

Which of the following is an advantage a family gets from setting aside money for unplanned expenses as part of their budget?

• It forces them to pay less for essentials such as food and housing.

• It prevents them from going into debt to pay for unplanned expenses.

• It provides extra money if they decide to take an unplanned vacation.

• It prevents them from bankruptcy over a car repair or visit to the vet.

What is one way you can make your money work for you?

• You have to pay interest to the bank every month.

• You can plant your money in a garden.

• Your money sits under your pillow every night.

• Your money can earn interest in a savings account.

A card that a person uses to borrow money to buy goods and services; the cardholder then pays the total amount later at a set due date. ​ (a)  

• Veteran

• Baby Boom

• Credit Card

• G.I. Bill of Rights

• Suburb

Which card takes the money out of your account immediately?

• Credit 

• Debit

________________ is a small fraction of a company that can be purchased.

• stock

• security

Abe, a 35-year-old teacher, is saving money for five things: 1. Retirement 2. A bowling ball 3. A family camping trip in the summer 4. His 7-year-old son’s college tuition 5. His 15-year-old daughter’s college tuition. Which items from the list represent long-term savings goals for Abe?

• 2 and 3

• 3 only

• 4 and 5

• 5 only

Jake travels frequently with his job. He needs a financial institution that he will be able to access anytime and anywhere. Which of the following options would be the best for Jake?

• Credit Union

• Savings and Loans

• Internet Banking

• Traditional Banking Services

The money taken out of your paycheck.

• Taxes

• Bonuses

• Salary

• Deductions