Financial Literacy Flashcards

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Account

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A place for you to keep money at a bank or credit union.

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Bills

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Money that you owe for things like utilities (water, heat, electricity, etc.) and debt.

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Budget

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A plan for how much you want to spend in different areas based on how much money you make.

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Check

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A signed document that tells a bank or credit union to give someone a specific amount of money from an account.

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Credit Card

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A card you use to borrow money and make purchases up to a certain limit. You must pay the money back later with interest.

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Debit Card

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A card that takes money from your checking account at a bank or credit union to pay for something.

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Deposit

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When you put money into an account at a bank or credit union.

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Teller

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The person who works at a bank or credit union and helps customers with their accounts.