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WorksheetsBanzai Financial Literacy Vocabulary
Total questions: 13
Worksheet time: 7mins
Account
arrangement with a bank allowing you to deposit and withdraw money
plan used to decide the amount of money to spend
account where money can be withdrawn w/ checks or a debit card
total amount of a paycheck before taxes
debit card
money placed into an account
allows you to make purchases and pay for them at a later date, like a loan
a produce offered by a company promising to protect you from specific financial risks
used to make purchases with funds directly from a checking account; your own money
checking account
account used to make purchases and pay for them at a later date
account where money can be withdrawn with checks or a debit card
account for storing and saving money with limited withdrawals
money taken out of an account
transfer
a term used to reference water, gas, electric or other home services
when money is moved from one account to another
covers your personal property in a rented apartment or home
a budget category where you would budget groceries
a budget category where you budget for miscellaneous expenses such as entertainment
other
food
medical
savings
a special budget where you save for a goal
other
food
home
reserves
money received, especially on a regular basis, for work or through investments
savings
debt
income
credit
a fee charged to your account when you spend more money than you have
insurance
debit
gross pay
overdraft
the amount of a paycheck after all taxes are subtracted - take home pay
gross pay
transfer pay
net pay
credit
a product offered by a company promising to protect you from specific financial risks
interest
insurance
loan
credit
a budget category where you would budget groceries or eating out
food
house
other
reserves
paycheck is electronically transferred into your account
credit
debit
transfer
direct deposit
plan used to decide the amount of money to spend, and how it will be spent
account
debit
budget
accounting
