Banking and Money Management

The most uncertain aspect of the budgeting process involves...

A major purpose of a budget is to...

Using a debit card is similar to writing a check.

Retirement planning is usually considered a short term goal .

A _________________ is a record of assets and liabilities. It reports what you own and owe.

What is a user-owned, not-for-profit, cooperate financial institution? People in the same profession use this type bank.

Opening a checking account starts with a _____________. 

A personal check in which the bank has guaranteed a payment. 

The ________________ supervises and regulates member banks and helps these banks serve the public efficiently. 

Amounts spent for food, clothing, transportation, and other living costs.

When you deposit money in a checking account, you fill out a __________________?

Full-service banks that offer a wide range of financial services

A report of new wages and other income along with spending for a period, such as a month.

Involves getting the most for your money through careful planning, saving, and spending.

Savings accounts and a home are examples of ...

If deposit insurance is most important to you when selecting a financial institution, you are most concerned with:

What bank is a savings bank that is owned by and operated for the benefit of its depositors?

Expenses which are the same month after month. 

A type of money investment that signifies ownership in a corporation.

Financial Institutions that are similar to a bank that specializes in helping people get residential mortgages. 

A report of net wages and spending for a period, such as a month.

Banks that join the Federal Reserve are _________________________banks.

Payment that orders the issuing agency to pay the amount to another party.Can be purchased at Post office.

The difference between a person's assets and liabilities is..

Any difference between how much you had to spend in a monthly budget, and what you actually spent. 

Personal Assets are...

What financial institution is called a "Bank for Banks?'

A safe deposit box is set used for storing______.

Plastic card that is preloaded with money.

The money that you have available to spend as a result of working or from other income, such as interest earned.

Interest ___________________ are a percentage of the money that you get back based on the amount you invest with the ban

It will be declined if you do not have enough money in your bank account to cover the purchase.

___________replaces your income that is lost when you cannot work because of illness or injury.

Plastic card that allows you to borrow money from your bank to make your purchases

Before you deposit a check, it must be signed on the back of the check. This is called an ___________. 

The United States is divided into how many Federal Reserve Districts ?

The amount of money your borrow from a bank is called a ____________________.

Income remaining after deduction of taxes, other mandatory charges, and expenditure on necessary items.

How are Social Security benefits funded ?

If you pay back the money within 25-30 days of your date of purchase, you don’t have to pay interest.

An individual's income after taxes. 

__________ is an activity of the Federal Reserve. This refers to the paying of checks among different banks in different

Expenses that vary (or change) over time. 

An individual’s income before taxes.

Special forms designed for making payments when away from home. 

A plan for spending and saving money is________.

The extra money that you must pay back when you borrow money.

Amounts owed to others, credit cards balances, home mortgage, personal loans, etc...