personal finance (Budgeting, checks, taxes, credit, debit)

Front

What is a deposit?

Back

Money put into your account.

Front

What is a withdrawal?

Back

Money taken out of your account.

Front

What is the term for money saved for future use?

Back

Savings.

Front

What is a fixed expense?

Back

An expense that does not change, such as rent.

Front

What is a variable expense?

Back

An expense that can change, such as groceries.

Front

What is a budget?

Back

A plan for managing income and expenses.

Tags

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.5

Front

What is a check?

Back

A written order directing a bank to pay money from an account.

Front

What is credit?

Back

The ability to borrow money or access goods with the promise to pay later.

Front

What is debit?

Back

Money taken directly from your bank account.

Front

What is a bank statement?

Back

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

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4