Banking Vocabulary
Budgeting Vocabulary
Needs and Wants
Add or Subtract
What's the balance?
100
A safe place to keep your money
A bank
100
A flexible plan for spending and saving
Budget
100
Need or Want:
Smart Watch
Want
100
You just got your internship paycheck and deposited it to your checking account. Do you add or subtract to find your new balance?
Add
100
Adrian has $40 in his checking account. He made a $20 withdrawal from the account. What's his account balance?
$20
$40 - $20= $20
200
To add money to your account
deposit
200
Money you receive
Income
200
Need or Want?
Groceries
Need
200
You just paid your cell phone using your debit card. Do you subtract or add to find your new balance?
Subtract
200
Katie has $31.00 in her savings account. She deposited a check for $45.00 in the account. What's her new balance?
$76
$31 + $45= $76
300
To take money out of your account
withdrawal
300
Things you spend money on
Expenses
300
Need or Want?
Mansion
Want
300
You bought a new ipad using your debit card. Do you add or subtract to find your new checking account balance?
Subtract
300
Jen has $30 in her checking account. She used her debit card to buy a pair of jeans that costs $25. How much money does Jen have in her checking account now?
$5
$30 -$25= $5
400
The move money from one account to another
Transfer
400
Things you need to live
Needs
400
Need or Want?
Need
400
You just wrote a check to donate money to your favorite charity. Do you add or subtract to find your new checking account balance?
Subtract
400
George has $63 in his checking account. He transferred $30 from his savings account into his checking account. How much money does George have in his checking account now?
$93
$63.00 + $30.00= $93.00
500
The amount of money available in your account
Balance
500
Things you would like to have
Wants
500
Need or Want?
Want
500
You transferred $50 from your savings account to your checking account. Do you add or subtract to find your new checking account balance?
Add
500
Jeremy has $89 in her checking account. She used her debit card to buy a shirt that costs $23. How much money does Jeremy have in her account now?
$89 - $23 = $66
89 - 23 = 66