Money Management Part 2

T/F Saving accounts keep your money safe and pay interest. 

A form a bank provides when putting money into your account.

An endorsement that only consists of the holders signature. 

T/F You should always void out a check when you make a large mistake. 

T/F You should expect a spending plan to change over a period of time as your lifestyle changes

Which is an example of a variable expense?

This occurs when money is withdrawn and the available balance goes below zero. 

T/F. It is easier to change your fixed expenses than your flexible expenses. 

You need $25. If you are using an ATM. How much money would you take out to have at least $25. 

An individuals total personal income before taking taxes or deductions into account. 

T or F. There is never a fee on your checking account. 

You have $100. If you save $20 a month, how long will it take you to save for a $200 computer.

T/F Checks are usually safer than cash and may be used to pay bills in the mail. 

A bank account shared by two or more individuals. 

A spending plan that you decide upon. 

T/F Using blue or black ink is a must on a check. 

Which is a flexible expense. 

If you save $10 a week, how long will it take to save the $149 you need for a game console?

Zoe saves $40 every 4 weeks for her college fund. How much does Zoe save in 1 year?

An example of a fixed expense is: