Financial Literacy Vocabulary

a plan for making and spending money

• budget

• expenses

• earnings

a small plastic card issued by a bank, business, etc. allowing the holder to purchase goods or services on credit

• debit card

• prepaid debit card

• credit card

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

a bank card that automatically deducts the amount of a purchase from the checking account of the card holder.

• credit card

• debit card

• loan

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

money obtained in return for labor or services

• earnings

• expenses

• net income

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

the cost required for something; the money spent on something

• earnings

• expenses

• income

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

the total amount of income from wages before any payroll deductions

• income tax

• net income

• gross income

money received, especially on a regular basis, for work or through investments

• expenses

• payroll tax

• income

Tags

CCSS.L.4.6

CCSS.L.6.6

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.W.6.2D

tax paid to the state, federal, and local government based on income earned over the past year

• property tax

• income tax

• sales tax

the total amount of money after taxes and payroll deductions are taken out

• gross income

• net income

• income tax

Tags

CCSS.7.RP.A.3

a tax that removes money directly from workers' paychecks

• income tax

• payroll tax

• sales tax

• property tax