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Financial Literacy Vocab

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  • When a store takes a percentage off the price.
    Discount
  • The money spent on something.
    Expenses
  • The money spent on emergencies.
    Unexpected Expenses
  • offers easy access to your money for your daily transactional needs and helps keep your cash secure
    Checking Account
  • a book of blank checks with a register for recording checks written.
    Checkbook
  • a mandatory payment or charge collected by the government.
    Taxes
  • To grow ones money over time.
    Investing
  • A type of card you can pay but you have to pay right now.
    Debit Card
  • A written way to pay for something.
    Check
  • Taking out money from an ATM/your bank account
    Withdrawl
  • A way to pay for your home/apartment or your car.
    Renting
  • When you use a Credit Card banks charge you extra money. What is this called?
    Interest
  • the management of money
    Finances
  • Spending plan based on your income and expenses.
    Budget
  • Putting your money into an ATM/ your bank account.
    Deposit
  • An account that you set aside money for emergencies and can earn interest on
    Savings Account
  • Money you receive for working
    Income
  • They money you have in your account RIGHT NOW
    Current Accounts
  • A type of card you can pay with but can pay back later.
    Credit Card
  • A piece of paper or scan code that provides a discount for the user.
    Coupons
  • To give money for something you want or need
    Buying
  • the amount of money you make from doing a job
    Earnings
  • When you take to long to pay off a loan you go into
    Debt
  • More money is added on to what you buy.
    Sales Taxes