Financial Literacy Vocabulary

Trading money for goods or services

• sharing
• deposit
• spending
• profit

Giving money to charity or other people

• balance
• receipt
• expenses
• sharing

Putting aside money from current income to buy something in the future

• spending
• sharing
• saving
• income

The amount of money spent

• profit
• deposit
• withdrawal
• expenses

Expenses that occur on a regular basis

• fixed expenses
• sharing
• deposit
• balance

Expenses that do not occur on a regular basis

• financial institution
• variable expenses
• receipts
• profit

Businesses that include banks, savings and loans, and credit unions

• grocery store
• financial institution
• shops
• spending

To put money into a person's account

• withdrawl
• financial insitution
• deposit
• receipt

Money taken out of a person's account

• withdrawl
• deposit
• financial insitution
• balance

The total money taken in

• withdrawl
• balance
• receipts
• deposit