Budgeters
These are things you like to have but don't really need, like fast food or a new phone.
What are wants?
This is the habit of setting aside money regularly instead of spending it all.
What is saving?
This type of account is used for things like debit cards and online shopping.
What is a checking account?
This number shows how good you are at paying back borrowed money.
What is a credit score?
These are things you must have, like food, clothes, and a place to live.
What are needs?
A good rule of thumb is to save at least this percentage of every paycheck.
What is 20%?
This is money you receive, like from a job, allowance, or winning a prize.
What is income?
This is the person or company that gives you money to borrow.
What is a lender?
This means writing down what you spend each day, week, or month.
What is tracking expenses?
This is a financial safety net that could cover about three months of living expenses in case of unexpected events.
What is an emergency fund?
This is what you call money you spend on things like food, bills, or subscriptions.
What are expenses?
This is the extra money you pay when you borrow money.
What is interest?