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Financial Literacy Vocab

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    Financial Literacy
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  • A type of card you can use to pay for things by borrowing money from the bank and paying it back later.
    Credit Card
  •  15
  • A type of card you can use to pay for things that withdraws funds you already have from your bank account.
    Debit Card
  •  15
  • Taking out money from an ATM/your bank account
    Withdrawl
  •  15
  • A piece of paper or scan code that provides a discount for the user.
    Coupons
  •  15
  • When a store takes a percentage off the price.
    Discount
  •  15
  • Putting your money into an ATM/ your bank account.
    Deposit
  •  15
  • A written way to pay for something.
    Check
  •  15
  • Money you receive for working
    Income
  •  15
  • When you use a credit card banks charge you extra money on based on what you borrowed. What is this called?
    Interest
  •  15
  • When your pay monthly to live in a home instead of buying your own
    Renting
  •  15
  • The money spent on something.
    Expenses
  •  15
  • Spending plan based on your income and expenses.
    Budget
  •  15
  • offers easy access to your money for your daily transactional needs and helps keep your cash secure
    Checking Account
  •  15
  • An account that you set aside money for emergencies and can earn interest on
    Savings Account
  •  15
  • a mandatory payment or charge collected by the government.
    Taxes
  •  15
  • The money spent on emergencies.
    Unexpected Expenses/Emergency Savings
  •  15