Font size
WorksheetsQ1 Saving
Total questions: 16
Worksheet time: 11mins
Putting aside money for future use is known as...
(a)
Things you have to have; these are essential.
Wants
Needs
Income
Savings
Things you would like to have; they are not absolutely necessary, but they would be nice to have.
Wants
Needs
Incomes
Savings
A saving strategy where you put a fixed amount of money into a savings account immediately after receiving your paycheck, rather than waiting until the end of the month to save what's left.
Pay Bills First
Pay Needs First
Pay Yourself First
Pay Yourself Last
An amount of money given by a parent or guardian at regular intervals to their child.
Paycheck
Allowance
Salary
Sunday
A breakdown of your income and expenses for a set period of time.
Income
Saving
Payment Plan
Budget
A type of bank account that allows you to put aside money for future use and earn interest.
Saving Account
Checking Account
Piggy Bank
Banorte
The amount of money you earn on your savings account balance.
Earnings
Compound Interest
Simple Interest
Complex Interest
A savings account that is managed entirely online with no physical bank branch; usually offers higher interest rates.
Online Savings Account
Online Checking Account
Bitcoin
BancaNet
A bank account held by more than one person; each individual has the right to deposit and withdraw funds.
Shared Account
Co-Account
Side Account
Joint Account
Interest earned on both the principal amount and any interest already earned.
Complex Interest
Simple Interest
Compound Interest
Main Interest
A financial 'safety net' for unexpected expenses.
Mattress
Savings
Emergency Fund
Fun Fund
The minimum dollar amount that a customer must have in their account to receive some benefit (such as keeping the account open or receiving interest).
Minimum Balance Requirement
Minimum Payment Requirement
Maximum Deposit Requirement
Minimum Deposit Requirement
The machine that allows a customer to take out physical currency from their bank account.
ATM
Automatic Teller Machine
Digital Cashier Machine
DCM
An amount of money you add to a bank account.
Payment
Withdrawal
Saving
Deposit
An amount of money you take out of a bank account
Payment
Withdrawal
Saving
Deposit
