Budget Vocab | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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This is something you need to have to live.

a NEED

A plan to to help you understand your savings and your expenses

A budget

The building where you put money to save it or to spend it

A bank

This account is accessible through writing checks or a debit card

Checking Account

The extra money you pay to a bank when you borrow money

Interest

When your spending and savings are more than your income, then you are...

over budget

This is the money you receive from your parents for doing chores

An allowance

This is something you wish for, but you do not require it to live

a WANT

This is the paper you fill out to deposit money into your bank account

A deposit slip

You can use this plastic card to get money directly out of your bank account without paying interest

A debit card

This is the money you receive for doing a job

Income

This account is where you put money you want to save

Savings Account

You can use this plastic card to pay for items and be billed later with interest

Credit card

When your spending and savings equal your income, then your budget is

Balanced

This is the paper form you fill out to pay someone

A check

This is the term for when you spend your money...

Expenses