Basics
A plan to save and spend your money.
Budget
Savings Account
A safe place to keep and save money.
Debit Card
Money that you earn or are given.
Income
To put money into an account.
Deposit
An account used for expenses.
Checking Account
Pays for things by borrowing money with extra costs.
Credit Card
To give some of your money to someone who needs help.
Donate
To take money OUT of an account.
Withdrawl
A type of savings account with a higher interest rate compared to a regular savings account.
High Yield Savings Account
This word means to borrow money at an extra cost to you.
Loan
The cost of borrowing money or the reward for saving money.
Interest
Money you receive, that you earn or are given.
Income
Using bank services online.
Digital Banking
Tax
What happens to your bank account when you make a deposit?
What is a bank account balance?
How much money you have in an account.
What is an ATM?
A machine that you can use to deposit, withdraw, or check your balance.
Where does the money that you withdraw come from?
Your bank account.
Why is it a good idea to check your balance every morning?
To see how much money you have in the bank and to keep it safer.