Spending Answers

Which term is defined as an educational program in which students alternate between school and gaining work experience?

Martha will be entering high school in a couple of years. Which steps should she take to ensure she has money to pay for college? Check all that apply.

Stephen plans to attend community college for two years. His expenses are only $2,000 each year, because his parents are paying the rest. He earned a one-time $900 scholarship. How much will he need to pay for the two years of college from his savings or by working?

What is the major difference between a nationwide bank and a community bank?

Paul wrote a check to the dentist for $345.69. He’ll use the check register to record his transaction. What will be his new balance?

Annika is attending college next year. She just got information on the college costs and the financial aid package the college is offering. Annika knows her parents can contribute $7,500 each year.Annika’s College Costs & Financial Aid Package per YearCostsFinancial Aid PackageTuition & FeesGrants & Scholarship$21,500$10,500Room & BoardWork-Study$13,500$9,000How much will Annika need to pay each year from her own savings and from loans?

Beth withdrew $35 from her checking account. In which column should she record the $35 withdrawal?

Callie is comparing the costs of two options for her college education.Option A: Complete the first two years of schooling at a community college and then transfer to a university.Option B: Complete all four years of schooling at the university.Community College Financial AnalysisCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$2,900$800Room & Board $1,250 University Financial AnalysisCosts per YearFinancial Aid Package per YearTuition & FeesScholarships & Grants$9,500$10,000Room & BoardWork-Study$11,500$2,000Which statement about the cost of the options is true?

Sarah transferred $450.00 from her savings account to her checking account. She’ll use the check register to record her transaction. What will be her new balance?$

When creating a budget, log fixed expenses

Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the same bank. Her employer offers direct deposit and she plans to use online bill paying. She writes about eight checks per month. She currently uses the ATM machines at several different banks. Natasha sometimes overdraws her account. Bank Account Terms and ConditionsNatasha wants an account with the lowest fees. Which checking account would be best for Natasha?

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Which bank does not charge at all for using the ATM? Bank Account Terms and Conditions

A short-term financial goal might include saving for

In which situation would a savings bond be the best investment to earn interest?

How are loans and grants different?

When should fixed and variable monthly budgeted expenses first be planned?

Desmond told his two friends, Marley and Brianna, that he was awarded a $10,000 grant for college if he becomes a math or science teacher. Desmond wants to teach physics.Marley told him he should take the grant. Brianna told him not to take the grant. Which statement about their advice is true?

Karen has $800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking. Bank Account Terms and ConditionsWhich checking account would be best for Karen?

Kylie has $500 to open a checking account. She wants an account with the lowest fees. She sometimes writes a check for more money than she has in her account. She plans on using only her bank’s ATM to deposit her paychecks and withdraw cash. Bank Account Terms and ConditionsWhich checking account would be best for Kylie?

Which methods of paying for college do not require repayment? Check all that apply.

Elisa is nearing graduation. She just met with her counselor and he showed her this information.Elisa’s College Costs & Payment Options per YearCostsMethods of PaymentTuition & FeesGrants & Scholarship$9,500$9,500Room & BoardWork-Study$11,500$8,000If she pays the balance with a student loan, how much will she need to borrow for all four years?

What is one benefit of purchasing saving bonds?

Lyle deposited a check for $75.26. He’ll use the check register to record his transaction. What will be his new balance?

Ming made a car insurance payment of $122.50. He’ll use the check register to record his transaction. What will be his new balance?$