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Budget Bamboozle

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  • What is Net Income?
    How much your pay check is AFTER your payroll deductions have been taken out such as taxes, health insurance, etc.
  • A series of numbers kept secret that you use to access your checking or debit accounts.
    PIN or Personal Identification Number
  • What is a Lease?
    A contract granting the use of a property for a specific length of time and dollar amount.
  • What is a Budget?
    A plan to save and spend your money
  • What is a Need?
    Needs are a special kind of want and refer to things we must have to survive, such as food, water, and shelter.
  • What is Income?
    Any money an individual receives typically through having a job.
  • A plastic card issued by a bank and lets you borrow a limited amount of money to pay for your purchases.
    credit card
  • The additional amount of money you pay to a bank to borrow money.
    Interest
  • What is a Want?
    A desire for things we would like to have but do not need.
  • What is a late fee?
    An amount of money you have to pay on all types of credit for not making a payment on time.
  • What is Bankruptcy?
    When someone doesn't have enough money to pay their debts.
  • Money you receive when you sell something for more than it cost you to buy.
    Profit
  • Lowest amount of money a customer can pay on their credit card to remain in good standing with the credit card company.
    Minimum payment
  • The deposit of money electronically into a bank account rather than through a physical, paper check.
    Direct Deposit
  • What is a checking account?
    An account from the bank that the customer can withdraw money when he or she wants by writing checks.
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