Pay Me
Money received, especially on a regular basis, for work or through investments
What is Income
Money that is owed that a person is expected to pay, sometimes over a period of time, or because of previous missed payments.
What is debt
A bank account that a person deposits money, that may earn interests, and money is rarely withdrawn (taken out).
What is a Savings Account
After an overdraft the amount of money that is owed to the bank.
What is Negative Balance
A bank account that has any sum of money in it.
Positive Balance
The cost of money required to pay for something
Withdrawal
An account at a bank in which a person can pay for items with a debit card, by using checks, or online electronically.
When someone takes out money from their checking or savings account
What is a withdrawal
A sum of money added into a checking or savings account
What is Deposit
What is an expenditure
Last month I opened a bank account and put $100 into it. I did not deposit anymore more money but now have $105 because I earned 5% ______
Interest
The amount of money that is in a bank account
What is Account Balance
Removal of money from a checking account
What is a debit
A percentage rate, earned on a bank account and paid by the bank.
What is interest
Money that is paid at percentage rate, regularly, for the amount of money that is lent to someone
What is Interest
I paid for a new Iphone 11. This was an ________
Expenditure
What does ATM stand for
Automatic Teller Machine
A checking account that is put into negative balance when something is paid for, even though there is not enough money in the account.
What is Overdraft
A great amount of valuable material possessions, money or resources.
What is wealth
A fee charged, by the bank, to the holder of the bank account, after the person takes out more money from their bank account than is in it.
What is an Overdraft Fee
I paid for something with my ATM card, which took money out of my checking account. This is called ____
Debit
The money that actually goes in and out of a person’s bank account.
The financial situation that happens when a person spends, or needs to spend, more money than what they have.
What is deficit
An estimate of income, (money coming in) and expenses (money going out) for a set period of time.