Money Management Vocab 1-25
Using your money wisely and effectively to meet your obligations and priorities
What is Money Management
When you buy something now and pay for it later
What is credit
To take money out of the bank
What is withdraw
Can be weekly or bi-weekly
What is a pay period
Money that you recieve
What is income
The paper statement that supplies necessary information about your earnings and gives you the availability to exchange for cash
What is a Paycheck
Money lent for temporary use- usually a large amount
To put money into a bank account
What is deposit
YTD is the abbreviation for
Year to date
Money that you pay
What is expense
The money you have left over after deductions are taken
What is Net Pay
To be under obligation to repay money to someone
What is deduct
Time Period
In your register a debit is
What is adding money to your account
The amount of money a person earns per hour
What is a wage
Giving something to secure your loan- a type of "insurance" to the person who loans the money
What is Collateral
Move from one place to another
The amount of numbers in a Social Security Number
What is 9
In your register a credit is
Signing your name on the back of a check that you want to cash
What is an endorsement or to endorse
Reveals if you have paid your debts on time or not
What is a Credit Score
How much money is left in a bank account
What is balance
The amount of hours considered full time
What is 40 hours
Your register should always be organized by
What is chronological dates