Financial Literacy

A withdrawal is the act of taking money out of a bank account.

A budget is a plan for how to spend your money before you actually spend it.

Minimum wage is the lowest wage that employers are legally allowed to pay their workers.

Money can work for you by earning interest in a savings account.

A checking account is a type of bank account that allows you to withdraw money easily using checks or a debit card.

A savings account is a bank account that earns interest on the money deposited.

Interest is the money paid to you by the bank for keeping your money in a savings account.

A deposit is the act of putting money into a bank account.

A bank loan is money borrowed from a bank that must be paid back with interest.

A credit card is a card that allows you to borrow money from a bank to make purchases.