Financial Literacy

When total income is equal to total expenses

• Budget

• Credit

• Balanced Budget

• Check

The removal of money from a bank account

• Transfer

• Variable Expense

• Withdrawal

A signed form that allows a bank to move money from one person's account into another

• Balanced Budget

• Check

• Budget

• Credit

A card that allows you to pay the balance over time, subject to interest

• Debit Card

• Credit Card

• Electronic Payments

• Deposit

A value that represents something you owe; an amount you spend

• Gross Income

• Expenses

• Fixed Expense

• Grant

A card that immediately deducts funds from your checking account

• Deposit

• Debit Card

• Electronic Payments

• Credit Card

Financial payments made electronically or online

• Credit Card

• Electronic Payments

• Deposit

• Debit Card

The amount an employee is paid after taxes or deductions are subtracted from their earnings

• Income

• Net Income

• Interest

• Income Tax

The ability to make a purchase before payment assuming a payment will be made in the future

• Balanced Budget

• Credit

• Check

• Budget

Expenses that typically remain the same in amount and frequency

• Grant

• Fixed Expense

• Gross Income

• Expenses