Account Basics
Borrowing Money
Money Management
Checking Account Lingo
Miscellaneous
100

A bank account used for everyday transactions like paying bills and buying snacks.

Checking Account 

100

Money you borrow and have to pay back later, usually with extra money added on.

Loan

100

A plan for how you save and spend your money 

Budget

100

To put money into your bank account 

Deposit 

100

Financial Institute where you keep your money 

Bank

200

A bank account that earns interest over time and is typically used for storing money you don't need right away.

Savings Account

200

The total amount of money you owe to others.

Debt

200

When you move money from one account to the next 

Transfer

200

To take money out of your bank account

Withdrawal

200

Money a client or customer gives a person as part of a service, example tipping a waitress/waiter

Tip

300

A special card that lets you pay for things directly from your checking account.

Debit Card

300

A payment card that creates a loan for a purchase, meaning you must pay back the amount you spent plus interest.

Credit Card 

300

What happens when you try to withdraw more money than you have in your bank account.

Overdraft 

300

Specialized computer used by bank customers to manage their money - you can deposit or withdraw money from this

ATM

300

Money that a bank pays you over time to store money in a savings account in their bank 

Interest

400

A monthly document sent to you by your bank that shows all the transactions from that month.

Bank Statement

400

 A type of loan that is used to purchase a house.

Mortgage

400

The money you earn from working or investing

Income 

400

Where one logs deposits and withdrawals from a checking account and keeps track of their balance 

Checkbook Register

400

An expense that stays the same each money like rent or mortgage 

Fixed Expense 

500

The act of transferring a payment, like a paycheck, directly into a bank account without needing a paper check.

Direct Deposit

500

The extra money you pay back when you borrow money either on a loan or credit card

Interest (APR: Annual Percentage Rate)

500

The money you spend on things you need or want, like bills or new clothes.

Expenses

500

The amount of money in your account that you can use or withdraw

Available balance 

500

An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or long distance phone calls

Flexible Expense

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