Financial Literacy Vocabulary

The physical form of money, such as coins or paper money.

• Balance

• Budget

• Cash

• Copay

Deciding how to spend your money before you actually spend it.

• Account

• Balance

• Budget

• Cash

Obtaining something you want with the understanding you'll pay for it later.

• Credit

• Debit

An amount removed from your bank account to pay for something.

• Credit

• Debit

Tags

CCSS.7.NS.A.1A

The amount you owe on a loan.

• Loan

• Borrower

• Lender

• Debt

Tags

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

CCSS.L.11-12.4C

Anything that you spend money on.

• income

• expense

• deposit

• withdrawal

Tags

CCSS.3.OA.D.9

Money earned through work.

• withdrawal

• expense

• deposit

• income

Tags

CCSS.7.NS.A.1A

A percentage charged when you borrow money. Can also be an amount earned for saving money in a savings account.

• interest

• net pay

• pay stub

• transfer

True or False: Negative information stays on your credit report for 7-10 years.

• True
• False

Scholarships and grants are available for many college students, and they...

• have deferred payment
• give students a job to help pay
• don't have to be paid back
• have a low interest rate