Financial Literacy

A debit card is a payment card that allows you to spend money directly from your checking account.

A credit card is a payment card that allows you to borrow money from a bank to make purchases, which you must pay back later.

A check register is a booklet used to record checking account transactions, including deposits and withdrawals.

To calculate lifetime earnings, multiply your annual salary by the number of years you expect to work.

Budgeting means planning how to spend your money wisely to meet your needs and goals.

Savings is the money that you set aside for future use, often kept in a bank account.

Interest is the cost of borrowing money or the earnings from saving money, usually expressed as a percentage.

A bank statement is a summary of all transactions in your bank account over a specific period.

An expense is any money that you spend on goods or services.

Income is the money you earn from work, investments, or other sources.