Financial Literacy Vocabulary

expenses that occur on a regular basis

difference between expenses and receipts

when money is put into an account

banks, savings and loans, and credit unions

• spending

• withdrawal

• variable expenses

• financial institutions

the amount of money you have in your bank account

• sharing

• expenses

• balance

• profit

trading money for goods and/or services

• spending

• sharing

• deposit

• withdrawal

putting money aside from current income to buy something in the future

total money taken in

giving money to charity or other people

expenses that do not occur on a regular basis

• variable expenses

• expenses

• fixed expenses

• profit