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WorksheetsFinancial Vocabulary Day-1
Total questions: 46
Worksheet time: 1hrs 10mins
A place for you to keep money at a bank or credit union
account
credit card
debit card
check
Money that you owe for things like utilities
budget
bills
checking account
account
A signed paper that tells a bank or credit union to give someone a specific amount of money from your account.
check
deposit
teller
savings account
a card you use to borrow money and make purchases up to a certain limit and then pay it back later with interest.
credit card
debit card
deposit
checking account
A card that withdraws money from your checking account at a bank or credit union to pay for something.
debit card
teller
deposit
bills
When you put money into an account at a bank or credit union.
deposit
budget
account
credit card
An account at a financial institution dedicated to saving and growing money. The account earns interest
savings account
checking account
debit card
deposit
Creating a plan for managing income and expenses to meet financial goals.
Investing
Budgeting
Saving
Credit Score
Setting aside money for future use or emergencies.
Debt
Insurance
Income
Saving
The process of setting aside funds and making financial decisions to ensure a comfortable retirement.
Retirement Planning
Entrepreneurship
Inflation
Mortgage
A payment card that allows the cardholder to borrow funds from a financial institution to make purchases
Credit Card
Debit Card
Check
Cash
Money earned from various sources, such as employment, investments, or business activities.
Debt
Expense
Asset
Income
A numerical representation of a person's creditworthiness, used by lenders to assess the likelihood of repayment.
Interest Rate
Credit Score
Debt
Insurance
Money spent on goods, services, or bills.
Income
debt
expense
insurance
The difference between a person's assets and liabilities, representing their overall financial worth
Expense
Net Worth
Credit Score
Investing
to put money into an account
withdraw
checking
deposit
interest
bills that are paid to keep a household running
fixed
variable
utilities
liabilities
an amount of money borrowed that will need to be paid back.
loan
interest
principal
withdraw
Items purchased to satisfy needs and wants
goods
liabilities
net worth
An amount available or owed on an account.
Accounts
Balance
Budget
Cash
The physical form of money, such as coins or paper money.
Balance
Budget
Cash
Copay
Obtaining something you want with the understanding you'll pay for it later.
Credit
Debit
An amount removed from your bank account to pay for something.
Credit
Debit
Money earned through work.
withdrawal
expense
deposit
income
A document that comes with your paycheck, showing how much you were paid and how much was withheld for taxes.
budget
transfer
pay stub
net pay
Moving money from one account to another.
deduction
addition
transfer
withdrawal
How many paychecks do you receive in a year if you are paid bi-weekly?
24
26
12
22
If you earn $48,000/yr, what do you earn per month?
(a)
Your pay BEFORE deductions are taken out
net pay
gross pay
principal
mortgage
Your pay AFTER deductions are taken out
net pay
gross pay
mortgage
principal
Gross pay is...
The amount of pay you receive before taxes
The amount of pay you receive after taxes
The amount of pay you receive if you are a part time employee
The amount of pay you receive if you are a full time employee
True or False: Interest can both cost you money and/or earn you money
True
False
Net pay is...
The amount of pay you receive before taxes
The amount of pay you receive after taxes
The amount of pay you receive if you are a part time employee
The amount of pay you receive if you are a full time employee
True or False: Debit cards immediately pull funds from your checking account to pay your expense.
True
False
What is "risk"?
A chance of loss or harm
Money that is saved
Payments for work done
Difficult to get or find
The amount of money a person or business can borrow.
Interst
Property
Salary
Credit
I am investing in my ____ for when I retire.
Mortgage
Salary
Tax
Pension
Money borrowed that must be repaid
Taxes
Loan
A card that allows people to acquire things from their own savings.
Debit Card
Credit Card
A card that allows people to buy things by taking out a bank loan.
Credit Card
Debit Card
