An individual's income earned as salary or wages before taxes and other deductions.

Money received

Lists and summarizes income and expense transactions that have taken place over a specific period of time, usually a month or year.

A product that transfers risk from an individual to an insurance company or organization.

A payment, usually monthly, applied to the balance of a home loan used when purchasing housing.

When income is greater than expenses

Take home pay

When expenses are greater than income

The portion of current income is not spent on consumption.

items of monetary value a person or household owns

Financial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the future.

A debt or obligation owed to others.

The amount you could realistically sell an asset for today.

Assets that can be quickly and easily converted into cash.

A measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to others.

A financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worth.

Personal property that was purchased to create a lifestyle or improve your life.

A measurement of how much a person or household owns once all debts have been paid.

An income and expense statement sometimes referred to as a budget which records both planned and actual income and expense over a period of time.

A machine that allows individuals to complete certain transactions from the machine without human assistance.

An account that allows quick access to funds for transaction.

For-profit depository businesses that offer financial services to both consumers and other businesses.

Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk.

Depository institutions that offer many banking services and are owned by their customer

A plastic card that is electronically connected to the cardholder's depository institution account.

Businesses that provide financial services

The price paid for using someone else's money.

The percentage rate used to calculate interest.

Apps that many depository institutions have developed that allow online banking access from devices such as smartphones,tablets and other mobile devices

Allows customers to complete certain transactions from a secured internet site by using a username and password from any place in the world with internet access.

An account at a depository institution that is designed to hold money not spent on current consumption.

Accounts offered by depository institutions whose main purpose is to help people manage their money.

A group of people with common interests and concern for the common good.

Money earned from working for pay.

Taxes collected from the seller or retailer and such often remain "hidden" in the price of a product or service, rather than being listed separately.

A tax on earned and unearned income.

A tax on earned income.

A tax on property, such as land, buildings

A tax on purchased goods and services.

A sum of money demanded by a govermnet to support the government itself as well as specific facilities or services.

A person who pays tax to national, state, county or municipal government

income recevide from sources other than employment.