Financial Literacy Vocabulary

An amount available or owed on an account.

• Accounts

• Balance

• Budget

• Cash

Tags

CCSS.6.NS.C.5

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

• Account

• Balance

• Budget

• Cash

A bank account that allows quick access to money for everyday expenses.

• Checking Account

• Savings Account

• Debit Card

• Credit Card

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.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Turning your money over to a financial institution for safekeeping.

• Withdrawal

• Deposit

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

Tags

CCSS.7.RP.A.3