Money you receive for working
Income
To grow one's money over time.
Investing
Mr. Dowson is borrowing $8000 from Ms. Daley to buy band tee shirts. Ms. Daley is charging him 2% interest over a 2 year term. What will Mr. Dowson pay in INTEREST?
Mr. Dowson will pay $320 in interest.
Spending plan based on your income and expenses.
Budget
An account that you set aside money for emergencies and can earn interest on
Savings Account
A type of card you can use to pay for things that withdraws funds you already have from your bank account.
Debit Card
A tax charged whenever goods and services are sold.
Sales Tax
To exchange money for something you want or need
Buying
a book of blank checks with a register for recording checks written.
Checkbook
A written way to pay for something.
Check
When a store takes a percentage off the price.
Discount
the management of money
Finances
A piece of paper or scan code that provides a discount for the user.
Coupons
The money spent on something.
Expenses
offers easy access to your money for your daily transactional needs and helps keep your cash secure
Checking Account
Lupe the dog is depositing $14,000 into her savings account and will not withdraw any of it for at least 2 years. Her savings account has an interest rate of 6%. How much INTEREST will she have collected in 2 years?
She will have collected $1,680 in interest.
When you use a credit card banks charge you extra money on based on what you borrowed. What is this called?
Interest
When your pay monthly to live in a home instead of buying your own
Renting
the amount of money you make from doing a job
Earnings/Income
Putting your money into an ATM/ your bank account.
Deposit
When you owe money to a company or institution, you an in ____________
Debt
A type of card you can use to pay for things by borrowing money from the bank and paying it back later.
Credit Card
The money spent on emergencies.
Unexpected Expenses/Emergency Savings
Taking out money from an ATM/your bank account
Withdrawl
a mandatory payment or charge collected by the government.
Taxes
Ms. Daley is taking out a $55,000 loan to buy Croc charms. Her loan has a yearly interest rate of 6% over a 3 year term. How much INTEREST will she pay?
She will pay $9000 in interest.