CW Acc. U9: Personal Financial Literacy Vocabulary

An estimate of expected income and expenses, with each type of income and expense identified by amount.

• Budget
• Expense
• Income
• Deposit

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

• Income
• Loan
• Budget
• Expense

Putting money aside for future use.

• Deposit
• Savings
• Credit Card
• Loan

The amount of money that is coming in or earned

• Savings
• Deposit
• Income
• Interest Rate

Out of 100

• Interest Rate
• Simple Interest
• Net Worth
• Percent

Money added to an account

• Deposit
• Withdrawal
• Principal
• Loan

Money (or property) given with the promise that it will be paid back in the future, usually with interest.

• Loan
• Compound Interest
• Financial Aid
• Simple Interest

The annual rate that is changed for borrowing money, expressed as a percent.

• Principal
• Compound Interest
• Interest Rate
• Simple Interest

Money subtracted from an account

• Loan
• Credit Card
• Withdrawal
• Deposit

Total assets minus total liabilities; how much you are worth.

• Budget
• Savings
• Financial Aid
• Net Worth