Personal Financial Basics Vocabulary

1. payment earned on a variable schedule of daily or weekly basis, money received for services or work performed by the employee hourly. 

• income

• wages

• salaries

1. payment set by the landlord for tenants' use of property.

• rent

• bank

• fixed expense

amount of a paycheck one gets to keep after taxes and other deductions are taken out.

• wages

• eft

• take-home pay

• income

moving money from an account, whether paying expenses, making transfers to other accounts, getting money from an ATM or making purchases

• eft

• withdrawal

• transfer payment

• checkbook register

 money paid at a rate for the money which is being loaned out

• dividend

• eft

• interest

• withdrawal

1. earnings paid to shareholders by a company from its profits

• interests

• eft

• transfer payment

• dividends

(of a statement) balance of an account on a current month’s statement which was used as the ending or closing balance in the previous month’s statement.

• closing balance

• opening balance

• checkbook register

• EFT

1. generous gift of money or time to a person or organization.

• non-profit

• charitable donation

• checking account

• interests

balance bookkeeping account information to be consistent with the bank’s bookkeeping of the same account information.

• checking account

• log

• reconciliation

• opening balance

Money put into an account.

• withdrawal

• checking account

• deposit

• transfer payment