Financial Literacy Vocabulary

An amount available or owed on an account.

• Accounts

• Balance

• Budget

• Cash

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

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

• Account

• Balance

• Budget

• Cash

The amount you pay to a healthcare provider before your insurance takes the claim, usually paid before you receive a service.

• Receipt

• Medical Statement

• Doctor Check

• Copay

An amount removed from your bank account to pay for something.

• Credit

• Debit

The amount you owe on a loan.

• Loan

• Borrower

• Lender

• Debt

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Anything that you spend money on.

• income

• expense

• deposit

• withdrawal

Tags

CCSS.3.OA.D.9

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

The amount of money left on your paycheck after taxes have been withheld.

• interest

• net pay

• transfer

• expense

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

Necessities like electricity, gas, and water, which are paid monthly as part of your household expenses.

• utilities

• options

• electables

• utilitable expenses

Tags

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

What is the income BEFORE taxes are taken out? (a)  

• net income
• gross income
• tax income
• my income

Tags

CCSS.6.RP.A.3B