Budget Categories
Regular payment to a landlord to live somewhere
Rent
Machine where you can deposit or withdraw cash from your account and get the account balance
ATM (Automatic Teller Machine)
A place where you can deposit, withdraw, and borrow money
Bank
The money you get back after buying something
Change
Money that you receive
Income
Things you eat and can be bought at a grocery store
Food
Where you store your money at the bank
Account/Bank Account
A card that lets you buy things and pay for them later
Credit Card
A plan for using money
Budget
A voucher that gives lowers the price of a product
Coupon
Pants, shirts, undergarments
Clothing
The total amount of money held in a bank account at any given moment
Balance
Taking money out of an account
Withdraw/Withdrawal
Things you can buy that you do not need to survive (ex. movies, fast food, jewelry)
Wants
When a price on an item is discounted
Sale
Includes medications, insurance, and doctor's appointments
Medicine/Healthcare
Money added or kept in a bank account. Can gain interest
Deposit
A card that uses cash from your bank account when buying things
Debit Card
Things that you have to buy in order to live (ex. food, water, rent)
Needs/Essentials
Money that you set aside for future goals
Savings
Gas, A/C, Electric
Utilities
A monthly document that lists your transactions
Statement
When you withdraw more money from an account than you actually have, creating a negative balance
Overdraft
The person who is in charge of finances and receives money
Payee
Something that you save up for and set up a plan to achieve
Goal