Financial Lit. Prove Its

Available Balance

• amount available you can spend

• amount available you cant spend

• checkings account

• savings account

balance

• money you have equals money spent equals zero

• money you have equals money you can spend

• money you dont have is gross income

• money you do have is net income

budget

• spending and savings plan

• savings plan

• savings plan

• the amount you can spend on stuff you want

check

• written document of specific amount

• written piece of paper used for checking in with people

• a piece of paper for when you dont have money

• a check where the bank gives you money

credit card

• buy now pay later

• buy now pay now

• buy it and own it

• none of these

debit card

• buy now pay now

• buy now pay later

• none of these

electronic payment

• online/internet credit card (debit)

• online payment

• paying through your online check

Expense

• money/payment going out

• money/payment going in

• money getting deposited into your checkings account

• money you need to pay or else

Gross Income

• before taxes or deductions

• after taxes and deductions

• no taxes at all

• only taxes for the medical bill

net income

• after taxes/deductions

• before taxes/deductions

• none of these

• after your medical bill