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Worksheetshospitality and tourism budget
Total questions: 46
Worksheet time: 35mins
a plan that helps you set spending goals and monitor how a how well you are meeting those goals
budget
mortgage
loan
principe
the in and out movement of your finances
overdraft
credit score
cash flow
debit card
the value of what you own or have invested
Liability
Interest rate:
Checking account
asset
what you owe both currently and long-term
Foreclosure
Endorsement
Liability
Budget
when the amount of money withdrawn from a bank account is greater than the amount available in the account
overdraft
interest
under-draft
asset
a detailed report of an individual’s credit history prepared by a cred bureau and used by a lender in determining a loan applicants’ creditworthiness
credit report
interest report
foreclose report
debit report
a written contract between a borrower and a lender that sets terms and conditions
liability
safety net
safety flow
loan
the cost of using money
interest rate
interest
savings account
cash flow
a demand deposit account subject to withdrawal of funds electronically or by check
savings account
cash account
credit account
checking account
a signature on the back of the check that transfers ownership of the check
Overdraft
mortgage
Endorsement
Liability
a card issued by the bank that allows the account owner to immediately access their funds electronically
debit card
credit card
bank card
savings card
a debt instrument used in a real estate loan where the property is the collateral
overdraft
liability
mortgage
budget
a person, firm, or corporation with insufficient assets to cover their debts
loan
overdraft
bankrupt
foreclosure
a legal process in which property that is collateral for a loan may be sold to help repay the loan when the loan is in default
foreclosure
principal
asset
credit score
a card issued by a bank giving the holder an option to borrow money, usually at point of sale
bank card
credit card
credit score
debit card
the amount paid by a borrower to a lender in exchange for the use of the lenders money usually expressed as a percentage and noted on an annual basis
cash flow
loan
interest
interest rate
a deposit account subject to limited withdrawals, but may be accessed immediately
loan account
savings account
bank account
checking account
a number, roughly between 300 and 800, that measures an individual’s creditworthiness
loan fee
credit score
debit score
liability
the outstanding balance on a loan, excluding interest and fees
asset
mortgage
overdraft
principal
a fee charged by a lender to make a loan
loan fee
interest
credit fee
safety net
Budgets should be ________ and realistic
easy
bad
simple
hard
When you are making your budget you should first make a list of your _______
budget
expenses
income
loans
After you have listed out your expenses you should subtract it from your ________
loans
budget
income
interest
What percentage should you invest from each paycheck?
20-30%
10-15%
1-5%
5-10%
It is important to have a _________ for when problems occur with your budget.
asset
foreclosure
safety account
safety net
How many months pay should you have set aside to meet sudden expenses?
7-9
10-12
2-6
1-3
What are the four types of common expenses?
weekly, monthly, quarterly/annually, other
daily, weekly, monthly, quarterly/annually, other
weekly, monthly, quarterly/annually,
daily, weekly, monthly, quarterly/annually
What type of expense is child care
weekly
weekly and monthly
monthly
other
What type of expense is housing
quarterly/ annually
daily
monthly
other
What type of expense is utilities?
other
weekly
quarterly/annually
monthly
What type of expense are groceries
daily
weekly
monthly
other
What type of expense is gas
monthly
daily
other
weekly
What type of expense is clothing?
other
quarterly/annually
daily
weekly
What type of expense is top golf
monthly
weekly
daily
other
What type of expense is bowling?
monthly
weekly
other
daily
What type of expense is shoes
weekly
quarterly/annually
monthly
other
What type of expense is taxes
monthly
quarterly/annually
other
weekly
What type of expense is insurance
other
quarterly/annually
weekly
monthly
What type of expense is household supplies
other
monthly
daily
weekly
What type of expense is going out to eat?
daily
monthly
weekly
other
What type of expense is car note?
monthly
weekly
other
quarterly/annually
What type of expense is rent?
weekly
quarterly/annually
monthly
weekly and monthly
What type of expense is loan payments?
weekly
monthly
/quarterly/annually
other
What type of expense is repairs
daily
monthly
weekly
other
What type of expense are medical bills
other
monthly
weekly
quarterly/annually
what parts are in a check?
Date, bank name, amount in numbers, amount in words, memo, and signature
Date, pay to the order of, amount in numbers, loan, amount in words, memo, and signature
Date, pay to the order of, amount in words, and signature
Date, pay to the order of, amount in numbers, amount in words, memo, and signature
Date , amount in numbers, amount in words, memo, and signature
