7th Grade Personal Finance Terms

Place where money is kept

• Budget

• Bank

• banking

• Debit card

the action of using a bank to manage your money

• bank

• budget

• currency

• banking

an outline of your plan for spending and saving

• banking

• bank

• budget

• debit card

a card used for making purchases with funds you borrow and payback later.

• debit card

• credit card

• expenses

• loan

coins, bills, checks or any other form of money

• currency

• change

• investment

• debit card

a card that allows you to make purchases with money from your checking account

• credit card

• debit card

• expenses

• prepaid card

the money you spend regularly for items or services

• expenses

• investment

• currency

• loans

an item or financial product that you expect to earn a profit on in the future

• investment

• loan

• interest

• prepaid card

a fee you pay to borrow money, or the payment you receive on savings

• investment

• interest

• prepaid card

• budget

money that you borrow and pay back with interest over time

• loans

• interest

• investment

• savings account