Personal Finance Vocabulary #1

Front

Account where you put money to be held for a long period of time.

Back

savings account

Front

The account that you can use to make payments with a check.

Back

checking account

Front

The amount you are paid for each hour you work.

Back

hourly wage

Front

A monetary penalty for doing something wrong.

Back

Fine

Front

A monthly payment for services or products.

Back

bill

Front

When more money is spent than available in an account. Usually results in fines.

Back

overdraft

Front

If your hourly wage is $10, how much do you make in a 40 hour week?

Back

$400

Front

Check to make sure you you have enough money in your checking account before spending money to

Back

Avoid overdraft fees

Front

Your __________ will tell the bank if you are responsible with money and likely to pay a loan.

Back

credit score

Front

You can build your credit score by making loan ___________ on time.

Back

payments