Personal Accounts
The amount of money you have in your checking or savings account
What is your balance?
Add money to your account
What is a deposit?
Money that is borrowed from a bank or another individual
What is a loan?
Paper or coins that you give someone to pay for something
A financial plan that outlines the money you will spend (expenses) and the money you will get (income) over a set period of time
What is your budget?
Take money out of your account
What is a withdrawal?
The money that you pay the bank for using their money, or they pay you for letting them hold your money
What is interest?
What is a credit card?
Anything of monetary value that you own
What is an asset?
Talking to the clerk and doing paperwork to ______ an account
What is open an account?
The account that you use to save money
What is a savings account?
What is a debit card?
A debt you haven’t paid or other financial obligation
What is a liability?
A secure place at the bank to store valuables and papers that you have a key to access
What is a safe deposit box?
The account that you use to hold the money that you are going to use or just received
What is a checking account?
The machine you can use to put money in your account or take it out
What is an ATM?
The total amount of the money you have (assets), minus the money you owe (liabilities)
What is your net worth?
The process of doing paperwork to send or receive money
What is a money order?
The percentage of your savings account that your bank pays you each year
What is APR? (annual percent rate)
A paper that you get or fill out to transfer money, deposit, or withdraw
What is a check?