Managing Personal Finances
List all the places you receive money from on a weekly basis.
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Lesson duration is: 30 minItems in this lesson
List all the places you receive money from on a weekly basis.
Slide 1 - Mind map
List all the money you spend money on during an average week.
Slide 2 - Mind map
How can you check how much money you have in your current account?
A
ATM/cashpoint
B
Visiting your bank/building society branch
C
Logging on to online
banking
D
mobile banking app
Slide 3 - Quiz
What is the term used to describe your bank account if the balance drops below £0?
A
Under-balance
B
Over-balance
C
Overdraft
D
Bank draft
Slide 4 - Quiz
Which of the following forms of borrowing do you think has the highest risk associated with it?
A
Loan shark
B
Mortgage
C
Credit card
D
Payday loan
Slide 5 - Quiz
What does the term Annual Percentage Rate (APR) mean in relation to a credit card?
A
The minimum you must repay
B
The annual income that you must use to repay credit card debts
C
The interest rate you pay for borrowing
D
The amount you can borrow without paying interest
Slide 6 - Quiz
Why is your credit rating important?
A
Your rating is needed to get a loan
B
It can impact on the interest rate
C
You need a good rating to get a mortgage
D
It lasts for six years