Debit vs Credit
This type of card pulls money directly from your bank account.
debit card
A place where you keep and manage your money
bank
Putting money aside for future use with little risk
saving
A plan for how you spend and save money
budget
This happens when prices increase over time
inflation
This type of card lets you borrow money to pay later
credit card
This account is mainly used for everyday spending
checking account
Using money to try to grow wealth over time
investing
Money you receive regularly, like from a job
income
Inflation causes money to have this over time
purchasing power
This is charged when you don’t pay your credit card balance in full
interest
This account earns interest over time
savings account
This is money earned on savings or investments
interest
Money you spend
expenses
This item often becomes more expensive during inflation
goods
This number shows how trustworthy you are to lenders
credit score
This machine lets you withdraw cash without going inside a bank
ATM
This type of investment represents ownership in a company
stocks
Expenses that stay the same each month
fixed expenses
This group tries to control inflation in the U.S
Federal Reserve
This is the maximum amount you can borrow on a credit card
credit limit
This protects your money in banks up to $250,000
FDIC insurance
The possibility of losing money when investing
risk
Expenses that can change
variable expenses
When inflation is very high and out of control
hyperinflation