Financial Literacy Vocab_CB

Front

A spending plan or a record of projected and actual income and expenses over a period.

Back

Budget

Front

A position of employment with specific duties and compensation.

Back

Job

Front

A report that identifies a person’s financial goals, needs, and expected future earning, saving, investing, insurance, and debt management activities; it typically includes a statement.

Back

Financial plan

Front

Money earned from investments and employment.

Back

Income

Front

The cost of goods and services, including those that are fixed (such as rent and auto loan payments) and those that are variable (such as food, clothing, and entertainment)

Back

Expenses

Front

Gross wage or salary, plus bonuses, minus deductions such as for taxes, health care premiums, and retirement savings.

Back

Net pay

Front

Something owed, usually measured in dollars.

Back

Debt

Front

The process of setting income aside for future spending. Saving provides ready cash for emergencies and short-term goals, and funds for investing.

Back

Saving

Front

A plastic card that is issued by your bank that makes payments by deducting money directly from your checking account.

Back

Debit card

Front

A written, dated, and signed instrument (usually a piece of paper) that directs a bank to pay a specific sum of money to the holder.

Back

Check