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

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

All of these are examples of types of credit except:

• savings account
• college loan
• credit cards
• car loan

Using a credit card allows you to...

• put money into a savings account.
• purchase something now and pay for it later.
• take money directly from your checking account.