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