Money
Banking
Financial Terms
Potluck
100

Money you earn

What is income?

100
When you put money in the bank.

What is a deposit?

100

Keep track of money earned and spent you use this.

What is a budget?

100

Something you save for

What is a financial goal?

200

A personal loan usually from a friend or parent

What is an IOU?

200
When you take money out of the bank.

What is a withdrawal?

200

Two things that are in every budget.

What is income and expense?

200

Looks like a credit card but takes the money out of your checking account.

What is a debit card.

300

Check prices at different stores to find the best prices.

What is the best way to save money?

300

The money that a bank pays you each month for keeping money in your savings account.

What is interest?

300
When you spend more than you have.

What is debt?

300

A card that allows you to buy with a promise to pay later.

What is a credit card?

400

Deductions out of your paycheck pay these items.

What is Federal and State Income Tax?

400

An account where you store money and earn interest.

What is a savings account?

400

A sum of money to be used for a particular purpose.

What is a budget?

400

A fee charged by the bank when you spend more than you have in your checking account.

What is an overdraft fee?

500

A percentage charged on total of a purchase.

What is sales tax?

500

An account at the bank where you deposit money and write checks to spend it.

What is a checking account?

500

When you spend more out of your checking account than you have.

What is an overdraft?

500

A document from your bank that lists all deposits and withdrawals in your checking account for the month.

What is a statment?

500
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