Vocabulary 3A - Flashcards

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Expenses

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The money spent on something.

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Variable expenses

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Expenses that change based on your usage or other factors from month to month.

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Fixed expenses

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Costs that remain the same amount each month.

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Check

Back

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

Back

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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Account

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

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Checking Account

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An account at a bank or credit union meant for everyday transactions.

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Savings Account

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An account at a financial institution dedicated to saving and growing money.