Personal Financial Literacy - Vocabulary

A business where people deposit and withdraw their money and borrow money.

• Courthouse

• Bank

• Student Loan

• Loan

Money put INTO an account.

• Debit Card

• Withdrawal

• Deposit

• Credit Card

Money taken OUT of an account.

• Loan

• Debit Card

• Credit Card

• Withdrawal

Money moved from one account to another account.

• Interest

• Transfer

• Bank

• Credit Card

The amount of money available in an account for a person, business, or organization to spend.

• Available Balance

• Balance

• Withdrawal

• Debit Card

A bank account in which the money deposited earns interest so there will be more money in the future than originally deposited.

• Withdrawal

• Deposit

• Bank

• Savings Account

A plastic card that is used as a payment method when buying things and the money comes directly from the user's bank account. It’s money you ALREADY HAVE.

• Credit Card

• Debit Card

• Bank

• Loan

A plastic card that is used as a payment method when buying things and the money comes from a financial company who LENDS you the money to repay later.

• Credit Card

• Debit Card

• Loan

• Bank Account

Borrowing money that must be paid back with interest.

• Bank

• Savings Account

• Loan

• Interest

A fee you must pay for borrowing money.

• Interest

• Payment

• Credit Card

• Loan