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Banking Basics
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what does it mean to save your money?
What is minimum wage?
the lowest amount they can pay each hour for a job - $17.40
What can you use a credit card for?
to buy things
Give an example of a bill you might have to pay when you get a job?
cell phone bill, credit card bill
What is a PIN number?
the code to get to the money in your bank (private)
What does deposit mean?
put money in the bank
What is online banking?
Paying bills, seeing how much money you have online
What does withdraw mean?
take money out of bank
What can you use a debit card for?
pay for things, get money out of bank
What is a pay cheque?
money you get from your job
Who is it ok to share your PIN with?
Someone you trust (ex. parents)
What is an ATM?
ATM - Automated Teller Machine (get money out of bank)
What does it mean to transfer money?
to move money to a different place (like another account, send money to someone)
What are two different ways to pay for something?
Debit card, credit card, cash
What is income?
The money you make by working
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