Financial Literacy Vocabulary

A bank account that earns interest

• Savings Account

• Loan

• Checking Account

• Check Register

Money you earn for working

• House Payment

• Paycheck/salary

• Debt

• Loan

How much money in an account at any given time

• Savings Account

• Debit Card

• Credit Card

• Balance

Money you add to your account

• Withdrawal

• Debit

• Deposit

• Credit Card

Money you move from one account to another

• Savings Account

• Transfer

• Loan

• Check Registry

Money you take out of an account

• Scholarship

• Withdrawal

• Credit Card

• Credit Report

When you spend more money than you have in your account, you go in the negative. The bank charges you an overdraft fee

• Debt

• Credit Report

• Monthly Fee

• Overdraft Fee

A place you write down your balance, withdrawals and deposit for an account

• Check Register

• Student Loan

• Grant

• Savings Plan

A card issued by a bank that you can use to purchase things at a store and it comes out of your checking account immediately

• Income

• Debit Card

• Gift Card

• Check

Automated teller machine- A place to get money out

• Lottery

• Loan

• Debt

• ATM