Personal Finance Unit 2 Vocabulary

a voucher providing a discount for a particular item when purchased

• discount
• deal
• gift card
• coupon

a deduction from the usual cost of something

• discount
• increase
• sale
• rebate

a document acknowledging that a person has received money or property of a sale

• Invoice
• Receipt
• Voucher
• Contract

a type of bank account that allows a person to deposit and withdraw money

• Credit card
• IRA account
• Checking account
• Savings account

automatic teller machine- allows a customer to physically take out money from their bank account

• ATM
• ATP
• ATC
• ABM

an amount of money you add to your bank account

• Withdrawal
• Interest
• Deposit
• Transfer

amount of money you take out of your bank account

• deposit
• transfer
• interest
• withdrawal

the practice of comparing the price of products or services from different vendors before buying, often to find the best deal or price

• Expense evaluation
• Comparison shopping

• Cost analysis
• Price matching

a spending plan based on income and expenses

• Budgeting
• Saving
• Income
• Spending

a card issued by a bank allowing the owner to transfer money electronically when making a purchase

• Membership Card
• Gift Card
• Debit Card
• Credit Card