Checking
Putting money into an account.
Deposit
A way to buy now and pay later.
Credit card
Signing your name as payee on the back of your check
Endorse
The name of the machine into which you can insert a card and withdraw money from your account.
ATM - automated teller machine
A list of planned expenses and income.
Budget
Taking money out of an account.
Withdrawal
A report listing your debts, activity on your accounts and credit rating.
Credit Report or credit score
The amount of money taken out of your paycheck. (hint taxes)
Deduction
A non-profit organization that offers financial services.
Credit Union
The amount of money that an individual or business earns.
Income
A record of deposits, withdrawals and the balance in your account.
Bank Statement
The amount of money that still needs to be paid on a loan.
Balance
The name of the federal act that takes out paycheck deductions for Social Security.
FICA - Federal Insurance Contributions Act
The name of the federal agency that insures bank accounts.
FDIC - federal deposit insurance corporation
Something spent as a consumer or in a business.
Expense
Money the bank pays you for keeping your money in an account or the money you owe on money you borrow.
Interest
A charge for paying your bill late.
Late Fee
The amount of money earned, before deductions.
Gross pay
The stealing of your personal information to commit crimes.
Identity Theft
Income that is not used... money set aside for future use.
Savings
A check that is retuned to the bank because there isn't enough money in the account to cover it.
Bounced Check
The smallest payment you are allowed to make toward the balance due on your statement.
Minimum Payment
"take-home" pay, or what is left after deductions are taken out of your paycheck.
Net Pay
This is needed for transactions that identifies your personal number to get into an account.
PIN - personal identification number
Money that is owed.
Debt