Financial Literacy Flashcards

Front

balanced budget

Back

A budget where income equals expenses.

Front

available balance

Back

The amount of money that is available to use in an account.

Front

check

Back

A written order directing a bank to pay money.

Front

budget

Back

A plan for managing income and expenses.

Front

Available balance

Back

The money you can spend in your bank account right now

Front

Living within your means

Back

Money spent does not exceed money earned

Front

Budget

Back

A plan for how to use your money

Front

Check

Back

A piece of paper you write to pay someone from your bank account

Front

debit card

Back

A card that deducts money directly from a checking account to pay for purchases.

Front

credit card

Back

A card that allows you to borrow money up to a certain limit to pay for purchases.