Checking Account
The act of putting money in to your account.
Deposit
Spending money when there is not enough money in your account.
Overdraft
A written plan for your money.
Budget
Investment whereby you become part owner of the company.
Stocks
$500 for students and $1,000 for adults
Emergency Fund
The act of taking money out of your account.
Withdrawal
A check is void without this.
Signature
What is it called when every dollar in your budget is used? _______ _________ Budget
Zero-Based Budget
Investment in multiple investments with a group of people run by a fund manager.
Mutual Funds
Free money to go to college.
Scholarship/Grant
All transactions including deposits, checks, debit card purchases, additional fees, and ATM use should be recorded here immediately after completion.
Check Register
Machine that is used to withdraw cash or make deposits to your accounts.
ATM
Another term for saying you have balanced your bank account.
Reconcile
Piece of ownership in a company.
Share
The number of credit cards the average American has.
2-3
The act of moving money from one account to another.
Transfer
A monthly bank report that states your transactions and balance.
Bank statement
What type of expense is a Mortgage or Rent payment?
Fixed Expense
__________________ is when you spread around your investments to decrease risk.
Diversification
The method to pay off debt.
Debt Snowball
The term for the slip used to add funds to your bank account.
Deposit Slip
You earn this for keeping your money in the bank.
Interest
What type of expenses are the movies, games and groceries?
Variable Expenses
Dividends
A fund used to save money for a specific purchase over time.
Sinking Fund