Understanding Money and Budgeting

What is a "Monthly Budget"?

• How you plan to spend money in a month

• Money borrowed from a bank

• Money awarded for achievements

• Money taken out of an account

What is a "Student Loan"?

• Money you never have to pay back

• Money borrowed from an institution; must be repaid with interest

• Money earned from working on campus

• Money awarded based on achievements

Which of the following is NOT required to be repaid?

• Student Loan

• Grant

• Credit Card

• Loan

A "Scholarship" is:

• Money awarded to students based on their achievements

• Money borrowed from a bank

• Money earned from a job

• Money put into a savings account

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

What is "Work Study"?

• A type of loan

• Programs offered on campus allowing students to work to earn money

• Money awarded for good grades

• Money borrowed from a friend

A "Savings account" is:

• An account for paying bills

• Personal money accrued over time

• Money borrowed from a bank

• Money awarded for achievements

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

What is a "deposit"?

• Money taken out of an account

• Money put into an account

• Money borrowed from a bank

• Money earned from a job

Tags

CCSS.6.NS.C.5

What does "withdrawal" mean?

• Money put into an account

• Money taken out of an account

• Money awarded for achievements

• Money borrowed from a friend

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

How long does it typically take to earn a Bachelor's degree?

• Two years

• Four years

• Six years

• One year

What does "Annual Salary" mean?

• How much money a person makes in a month

• How much money a person makes in a year

• How much money a person spends in a year

• How much money a person borrows in a year

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4