At the bank
Name of the place that looks after people's money and keeps it safe. Also lends money to people to buy things like cars and houses.
What is a bank?
What is an employee?
A plan for how to use money for a certain length of time to meet a goal
What is a budget?
What someone thinks of another person's ideas
What is feedback?
What is a financial institution?
The term for where someone's money is held. Has its own unique number that match up with the person who opened it
What is an account?
When an employee is paid a certain wage for every hour they work.
What is hourly?
Increasing wealth over time by doing things like putting money into a business or buying stocks, bonds or property.
What is investing?
Something a person wants to do, be or have. it can also mean what a person plans to do with the money they earn.
What is a goal?
Money that you earn.
What is income?
Taking money out of an account
What is a withdrawal?
An amount of money, agreed to in advance, that is paid at every pay period for work. (Usually it is a year)
What is a salary?
Money people pay for goods and services. The seller collects sales tax from the buyer and gives it to the government.
What is sales tax?
The things people must have to stay healthy and be safe, like clothing, food, housing and medical care.
What are needs?
Money you pay to the government on the money you earn.
What is income tax?
Putting money into an account
What is a deposit?
Another word for saying income or earnings from a job
What are wages?
Money that is not spent and has been set aside to use later
What is savings?
How much something is worth
What is value?
Also called a return- its the value you get when investing money.
What is a reward?
The type of account that you use to put money in and out of?
What is a checking account?
What percentage of a worker's money goes to federal taxes (e.g earning $50,000 / year)?
What is an average of 12% (or $6000)?
This is the type of loan you take to buy a house
What is a mortgage?
Things people would like to have but can live without.
What are wants?
The practice of investing money in companies and projects that have positive social impacts and help make the world a better place, like companies that focus on an environmental cause.
What is socially responsible investing?