Money Management Terms
Money earned in exchange for working
Income
EDMI
DIME
I am a small, portable machine that people use to pay. If its cash you cannot use me.
Payment Terminal
An apple at a grocery store
NEED
RWEAT
WATER - NEED
Things we buy & pay for. Things that cost money.
Expenses
OLNEOI
LOONIE
A banking outlet that is used to withdraw cash without having to go to the bank.
ATM (Automated Teller Machine)
Going to the Dentist
SERVICE
ZAPZI
PIZZA - WANT
A financial plan that helps us keep track of our money with the goal of saving.
A Budget
KLNEIC
NICKEL
A bank account intended for future purchases. These purchase are usually important and expensive.
A Savings Account
Getting a Haircut
SERVICE
CSEIEXRE
EXERCISE - NEED
A financial Institution that is licensed to make deposits and give out loans.
A Bank
TOONIE
A Bank Account intended for everyday purchases.
A Checking Account
Buying a new Shampoo
GOODs
OVEDI SGMAE
VIDEO GAMES - WANT
Tangible items we can buy & a Skill we pay someone for
Goods & Services
RTQAEUR
QUARTER
Bank Cards that allow me to make purchases and withdraw cash.
Credit & Debit Cards.
Paying for food at a Restaurant
A GOOD & a SERVICE
LCANE LCHTOSE
CLEAN CLOTHES - NEED