Penelope Penny
This is something that lets us buy things we want. It is made up of coins and bills.
Money
This is money the bank pays you for letting them look after your money.
Interest
This is a short way to say "Automated Teller Machine"
ATM
T/F - A luxury car is a need.
False
This is a place that looks after people’s money for them and keeps it safe.
Bank
This is something you do that changes the balance of your account. This can be either a deposit or withdrawal from your account.
Transaction
This is a special plastic card that people use to withdraw money from their bank account using an machine
ATM Card
Shelter is considered a...
Need
This means not spending your money straight away, but putting it away so you can spend it later.
Saving
This is when you put money IN to your bank account.
Deposit
This is a short way to say "Personal Identification Number" and is like a special secret password
PIN
Concert tickets are considered a...
Want
You can put money in to this when you want to save, and take it out when you need it. It has your name on it so the bank knows it is your money.
Bank Account
This is when you take money OUT of your bank account.
Withdrawal
Exchange of goods or services between people without using money.
Barter
This is something people must have to stay alive.
Need
This is a plan on how you will spend the money you earn.
Budget
This is the amount of money in the bank, such as a savings or checking account.
Account Balance/Balance
A small, flat piece of metal used as money, usually with numbers, pictures, or symbols.
Coin
This is something people would like to have, but it is not necessary to stay alive.
Want